Deere & Company $DE Shares Acquired by International Assets Investment Management LLC

International Assets Investment Management LLC lifted its position in shares of Deere & Company (NYSE:DE) by 1,977.9% in the third quarter, Holdings Channel reports. The firm owned 48,000 shares of the industrial products company’s stock after purchasing an additional 45,690 shares during the period. International Assets Investment Management LLC’s holdings in Deere & Company were worth $32,234,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of DE. Canopy Partners LLC lifted its holdings in shares of Deere & Company by 6.2% during the 3rd quarter. Canopy Partners LLC now owns 1,600 shares of the industrial products company’s stock valued at $1,074,000 after acquiring an additional 93 shares in the last quarter. CHICAGO TRUST Co NA boosted its position in Deere & Company by 28.7% during the 3rd quarter. CHICAGO TRUST Co NA now owns 2,682 shares of the industrial products company’s stock worth $1,801,000 after purchasing an additional 598 shares during the period. Strid Group LLC boosted its position in Deere & Company by 12.8% during the 3rd quarter. Strid Group LLC now owns 598 shares of the industrial products company’s stock worth $402,000 after purchasing an additional 68 shares during the period. Soltis Investment Advisors LLC increased its holdings in Deere & Company by 47.3% in the 3rd quarter. Soltis Investment Advisors LLC now owns 1,607 shares of the industrial products company’s stock valued at $1,079,000 after purchasing an additional 516 shares in the last quarter. Finally, ERn Financial LLC acquired a new stake in Deere & Company in the 3rd quarter valued at $207,000. Institutional investors and hedge funds own 68.58% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have commented on DE. Barclays raised their price objective on Deere & Company from $640.00 to $675.00 and gave the company an “overweight” rating in a research report on Monday, August 24th. Robert W. Baird raised Deere & Company from a “neutral” rating to an “outperform” rating and upped their target price for the stock from $640.00 to $800.00 in a research report on Monday, August 31st. Nomura upgraded Deere & Company to a “buy” rating in a report on Monday, August 31st. Citigroup raised their target price on Deere & Company from $610.00 to $650.00 and gave the company a “neutral” rating in a report on Friday, August 21st. Finally, DA Davidson upped their price target on Deere & Company from $685.00 to $760.00 and gave the stock a “buy” rating in a report on Monday, August 24th. Seventeen equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $688.10.

Deere & Company Price Performance

DE opened at $675.03 on Friday. The company has a fifty day simple moving average of $663.79 and a 200 day simple moving average of $604.16. The firm has a market cap of $182.00 billion, a price-to-earnings ratio of 37.50, a PEG ratio of 2.41 and a beta of 0.86. Deere & Company has a twelve month low of $454.50 and a twelve month high of $721.22. The company has a current ratio of 2.10, a quick ratio of 1.89 and a debt-to-equity ratio of 1.45.

Deere & Company (NYSE:DE) last released its quarterly earnings results on Thursday, August 20th. The industrial products company reported $5.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.69 by $0.41. Deere & Company had a net margin of 10.16% and a return on equity of 18.10%. The firm had revenue of $12.61 billion for the quarter, compared to the consensus estimate of $10.81 billion. During the same quarter in the previous year, the firm posted $4.75 EPS. The firm’s quarterly revenue was up 6.2% on a year-over-year basis. Equities research analysts expect that Deere & Company will post 18.11 EPS 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 dividend of $1.62 per share. The ex-dividend date is Wednesday, September 30th. This represents a $6.48 annualized dividend and a dividend yield of 1.0%. Deere & Company’s dividend payout ratio (DPR) is currently 36.00%.

Key Headlines Impacting Deere & Company

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

• Positive Sentiment: Deere was largely insulated from the machinery-sector selloff that hit Caterpillar after its moderate outlook. The relative resilience suggests investors viewed Deere’s farm-equipment exposure and outlook more favorably. Caterpillar Drops 7% as Moderate Sales Outlook Overshadows Beat; Deere Sits Out the Selloff
• Positive Sentiment: Analysts highlighted smart-farming technology, automation and cost controls as potential support for Deere, particularly as long-term agricultural demand and equipment investment improve. Zacks Industry Outlook Highlights Deere & Co., Kubota and CNH Industrial
• Positive Sentiment: One valuation analysis estimates Deere may be undervalued by approximately 16%, with cybersecurity developments adding a potential catalyst if the company can strengthen its technology and risk-management position. Deere Stock May Be 16% Undervalued on AI Cyberattack News
• Neutral Sentiment: Analysts expect Deere’s upcoming fourth-quarter report to show a single-digit increase in profit, keeping earnings expectations in focus ahead of the release. Deere & Company’s Earnings: What to Expect
• Negative Sentiment: Wheat’s prolonged decline is pressuring farmers’ incomes and balance sheets, which could eventually reduce demand for new agricultural equipment or delay replacement purchases. Farmers Are Getting Crushed as Wheat Slides for a Record Stretch

Deere & Company Profile

Deere & Company, founded by blacksmith John Deere in 1837, is a global manufacturer of agricultural, construction, forestry and turf-care equipment. The company is headquartered in Moline, Illinois, and operates under the John Deere brand.

Its products include tractors, combines, planters, sprayers, harvesting equipment, loaders, excavators, motor graders, forestry machines, mowers and compact utility equipment. Deere also provides replacement parts, equipment support, financing and technology-enabled solutions designed to improve machine productivity, automation and precision in farming and other industries.

Deere serves customers through dealerships and operations across North America, Latin America, Europe and other international markets.