Twin Capital Management Inc. Purchases Shares of 2,005 Deere & Company $DE

Twin Capital Management Inc. acquired a new stake in shares of Deere & Company (NYSE:DE) in the 1st quarter, HoldingsChannel.com reports. The fund acquired 2,005 shares of the industrial products company’s stock, valued at approximately $1,129,000.

Several other hedge funds also recently made changes to their positions in the business. Strategic Advocates LLC bought a new stake in shares of Deere & Company in the 3rd quarter worth approximately $25,000. Portus Wealth Advisors LLC bought a new stake in Deere & Company during the first quarter worth approximately $32,000. Key Capital Management INC bought a new stake in Deere & Company during the fourth quarter worth approximately $27,000. Timmons Wealth Management LLC acquired a new position in Deere & Company in the fourth quarter worth approximately $29,000. Finally, McIlrath & Eck LLC acquired a new position in Deere & Company in the fourth quarter worth approximately $30,000. Institutional investors and hedge funds own 68.58% of the company’s stock.

Deere & Company Stock Up 1.5%

DE stock opened at $598.56 on Friday. Deere & Company has a 52-week low of $433.00 and a 52-week high of $674.19. The company’s 50 day simple moving average is $582.10 and its 200-day simple moving average is $571.13. The company has a debt-to-equity ratio of 1.54, a current ratio of 2.18 and a quick ratio of 1.95. The firm has a market capitalization of $161.58 billion, a P/E ratio of 33.91, a P/E/G ratio of 2.18 and a beta of 0.89.

Deere & Company (NYSE:DE) last issued its quarterly earnings results on Thursday, May 21st. The industrial products company reported $6.55 EPS for the quarter, beating the consensus estimate of $5.70 by $0.85. Deere & Company had a net margin of 10.09% and a return on equity of 18.25%. The business had revenue of $13.37 billion during the quarter, compared to the consensus estimate of $11.55 billion. During the same quarter in the prior year, the firm earned $6.64 EPS. The firm’s quarterly revenue was up 5.4% on a year-over-year basis. As a group, equities research analysts anticipate that Deere & Company will post 18.13 EPS for the current year.

Deere & Company Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, August 10th. Shareholders of record on Tuesday, June 30th will be paid a dividend of $1.62 per share. This represents a $6.48 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend is Tuesday, June 30th. Deere & Company’s payout ratio is 36.71%.

Analysts Set New Price Targets

DE has been the subject of a number of recent research reports. Barclays increased their price objective on Deere & Company from $530.00 to $640.00 and gave the company an “overweight” rating in a research report on Tuesday, March 31st. Wolfe Research lifted their target price on Deere & Company from $550.00 to $660.00 and gave the stock an “outperform” rating in a report on Tuesday, March 31st. Weiss Ratings raised Deere & Company from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, May 21st. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $752.00 target price on shares of Deere & Company in a research report on Monday, June 1st. Finally, Bank of America reduced their target price on Deere & Company from $672.00 to $607.50 and set a “neutral” rating for the company in a report on Friday, May 22nd. Fourteen investment analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. According to data from MarketBeat, Deere & Company presently has an average rating of “Moderate Buy” and an average target price of $642.98.

Trending Headlines about Deere & Company

Here are the key news stories impacting Deere & Company this week:

• Positive Sentiment: Deere settled its FTC right-to-repair lawsuit, paving the way for broader repair access and potentially stronger customer service relationships. Will Deere Benefit From Settling Its FTC Right-to-Repair Dispute?
• Positive Sentiment: Another report highlighted Deere as a stock to watch in the agriculture equipment sector, reinforcing investor attention on the name. Promising Agriculture Stocks To Watch Today – July 13th
• Neutral Sentiment: Analyst-style comparisons versus Alamo Group focused on valuation rather than any new operating development for Deere. ALG vs. DE: Which Stock Is the Better Value Option?
• Neutral Sentiment: An agricultural machinery components industry report mentioned Deere among major players and cited themes like repair access and precision farming, but it did not include Deere-specific financial news. Agricultural Machinery Components Market Report Published, Profiles Deere, CNH Industrial, AGCO, Kubota, and 11 Other Companies

Deere & Company Company Profile

Deere & Company, commonly known by its brand John Deere, is a global manufacturer of agricultural, construction and forestry machinery, as well as turf care equipment and power systems. Founded in 1837 by blacksmith John Deere—who developed a polished steel plow to improve tillage in tough prairie soils—the company is headquartered in Moline, Illinois, and has grown into one of the largest and most recognizable names in equipment manufacturing worldwide.

The company’s principal businesses include a broad portfolio of agricultural equipment such as tractors, combines, planters, sprayers, harvesters and tillage implements, complemented by precision agriculture technologies and telematics that support farm management, yield optimization and equipment connectivity.