Papamarkou Wellner Asset Management inc. Makes New $2.22 Million Investment in Deere & Company $DE

Papamarkou Wellner Asset Management inc. acquired a new position in Deere & Company (NYSE:DE) in the second quarter, Holdings Channel reports. The firm acquired 3,940 shares of the industrial products company’s stock, valued at approximately $2,219,000. Deere & Company accounts for 0.5% of Papamarkou Wellner Asset Management inc.’s portfolio, making the stock its 21st largest holding.

Several other large investors have also recently bought and sold shares of the business. Mowery & Schoenfeld Wealth Management LLC bought a new position in shares of Deere & Company in the second quarter valued at approximately $27,000. Kilter Group LLC bought a new stake in shares of Deere & Company during the 2nd quarter worth $29,000. Timmons Wealth Management LLC acquired a new position in Deere & Company in the 4th quarter valued at $29,000. McIlrath & Eck LLC bought a new position in Deere & Company in the 4th quarter worth $30,000. Finally, Solstein Capital LLC bought a new position in Deere & Company in the 2nd quarter worth $30,000. 68.58% of the stock is owned by institutional investors and hedge funds.

Deere & Company Price Performance

NYSE DE opened at $622.67 on Friday. The company has a quick ratio of 1.89, a current ratio of 2.10 and a debt-to-equity ratio of 1.45. Deere & Company has a 12-month low of $433.00 and a 12-month high of $674.19. The company has a market capitalization of $168.08 billion, a PE ratio of 34.59, a price-to-earnings-growth ratio of 2.62 and a beta of 0.90. The firm’s 50 day moving average is $610.78 and its 200-day moving average is $593.08.

Deere & Company (NYSE:DE) last announced its earnings results on Thursday, August 20th. The industrial products company reported $5.10 earnings per share for the quarter, topping analysts’ consensus estimates of $4.69 by $0.41. Deere & Company had a return on equity of 18.10% and a net margin of 10.16%.The company had revenue of $12.61 billion for the quarter, compared to analyst estimates of $10.81 billion. During the same quarter last year, the company earned $4.75 earnings per share. The firm’s quarterly revenue was up 6.2% compared to the same quarter last year. Equities research analysts anticipate that Deere & Company will post 18.09 earnings per share for the current fiscal year.

Deere & Company Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, November 9th. Stockholders of record on Wednesday, September 30th will be paid a $1.62 dividend. This represents a $6.48 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date is Wednesday, September 30th. Deere & Company’s payout ratio is presently 36.00%.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. Seaport Research Partners set a $570.00 price objective on Deere & Company in a research note on Friday, August 14th. Bank of America cut their target price on Deere & Company from $672.00 to $607.50 and set a “neutral” rating for the company in a research report on Friday, May 22nd. Robert W. Baird upped their price target on Deere & Company from $525.00 to $640.00 and gave the company a “neutral” rating in a research report on Friday, August 21st. Barclays upped their price target on Deere & Company from $640.00 to $675.00 and gave the company an “overweight” rating in a research report on Monday. Finally, UBS Group cut their price objective on Deere & Company from $732.00 to $728.00 and set a “buy” rating for the company in a report on Friday, August 21st. Fourteen equities research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $653.48.

Trending Headlines about Deere & Company

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

• Positive Sentiment: Better-than-expected earnings and execution: Deere reported fiscal third-quarter earnings per share of $5.10, above the $4.69 analyst consensus, while revenue reached $12.61 billion versus expectations of $10.81 billion. Net income increased 7% year over year to $1.379 billion. Management cited strong factory output, disciplined cost control, favorable price realization, and steady construction and turf demand. Deere’s Q2 Earnings Call: Our Top 5 Analyst Questions
• Positive Sentiment: Construction and AI opportunities support diversification: Coverage highlighted growth in less traditional areas, including construction, where demand is benefiting from technology and infrastructure investment. Deere also entered a $10 million, three-year R&D partnership with Reservoir to accelerate rugged artificial-intelligence applications for high-value crop agriculture. Deere quarterly profits and construction growth Reservoir AI partnership with John Deere
• Positive Sentiment: Analyst support and shareholder return: DA Davidson raised its price target to $760, while RBC reaffirmed an “Outperform” rating. Deere also declared a quarterly dividend of $1.62 per share, payable November 9 to shareholders of record September 30. DA Davidson raises Deere price target RBC reaffirms Deere Outperform rating Deere quarterly dividend announcement
• Neutral Sentiment: Mixed segment picture: The earnings commentary suggests Deere’s diversified businesses, particularly construction and turf, are offsetting softer conditions in its largest agriculture-related division. Investors may therefore remain focused on the durability of farm-equipment demand and the company’s outlook.
• Negative Sentiment: Valuation leaves less room for disappointment: With the shares trading at roughly 35 times earnings, investors may be taking profits or showing caution despite the earnings beat, particularly if agricultural weakness persists or growth in newer businesses takes longer to scale.

About Deere & Company

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.