Deere & Company $DE Shares Sold by TrinityBridge Ltd

TrinityBridge Ltd reduced its position in Deere & Company (NYSE:DE) by 6.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 28,316 shares of the industrial products company’s stock after selling 2,012 shares during the period. TrinityBridge Ltd’s holdings in Deere & Company were worth $19,008,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in the company. BlackRock Inc. purchased a new position in Deere & Company in the second quarter valued at $11,763,504,000. Wellington Management Group LLP raised its position in shares of Deere & Company by 84.3% in the second quarter. Wellington Management Group LLP now owns 3,088,628 shares of the industrial products company’s stock worth $1,959,209,000 after acquiring an additional 1,412,694 shares during the period. Bank of America Corp DE acquired a new position in shares of Deere & Company in the second quarter worth about $1,685,093,000. Bank of New York Mellon Corp acquired a new position in shares of Deere & Company in the second quarter worth about $1,259,279,000. Finally, Legal & General Group Plc purchased a new stake in shares of Deere & Company during the 2nd quarter worth about $957,456,000. 68.58% of the stock is owned by hedge funds and other institutional investors.

Deere & Company News Roundup

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

• Positive Sentiment: Deere introduced an AI assistant designed to help farmers use accumulated field data, highlighting continued investment in digital farming tools. The article does not quantify expected revenue or financial impact. Read More.
• Neutral Sentiment: Deere appointed former EY U.S. CEO Julie Boland to its board and its compensation and finance committees. Her background in financial reporting, governance and global finance may strengthen board oversight, but no near-term business impact was announced. Read More.
• Neutral Sentiment: Deere has recalled laid-off employees and plans additional hiring ahead of negotiations with the United Auto Workers. The staffing rebuild may support operations, while the upcoming talks create uncertainty around labor costs and contract terms. Read More.
• Neutral Sentiment: Analyst coverage cited an average brokerage recommendation equivalent to “Buy,” but the article cautions that sell-side ratings can be overly optimistic and are not necessarily a reliable standalone investment signal. Read More.
• Negative Sentiment: Former Deere employees advanced a lawsuit seeking severance benefits, raising a potential legal and financial exposure; the available report does not specify the amount at stake. Read More.

Deere & Company Trading Down 0.2%

Shares of Deere & Company stock opened at $666.43 on Wednesday. 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 has a twelve month low of $455.90 and a twelve month high of $721.22. The firm has a market capitalization of $179.68 billion, a PE ratio of 37.02, a P/E/G ratio of 1.89 and a beta of 0.89. The firm’s 50-day moving average price is $664.52 and its 200 day moving average price is $605.77.

Deere & Company (NYSE:DE) last posted its quarterly earnings data on Thursday, August 20th. The industrial products company reported $5.10 EPS for the quarter, topping the consensus estimate 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 during the quarter, compared to analyst estimates of $10.81 billion. During the same period in the previous year, the business earned $4.75 EPS. Deere & Company’s quarterly revenue was up 6.2% on a year-over-year basis. On average, sell-side analysts predict that Deere & Company will post 18.11 EPS for the current fiscal year.

Deere & Company Announces Dividend

The company also recently declared 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. The ex-dividend date of this dividend is Wednesday, September 30th. This represents a $6.48 dividend on an annualized basis and a dividend yield of 1.0%. Deere & Company’s payout ratio is currently 36.00%.

Analyst Upgrades and Downgrades

DE has been the topic of a number of analyst reports. Truist Financial dropped their target price on Deere & Company from $812.00 to $804.00 and set a “buy” rating on the stock in a research report on Monday, August 24th. Nomura raised Deere & Company to a “buy” rating in a report on Monday, August 31st. Citigroup upped their price target on Deere & Company from $610.00 to $650.00 and gave the stock a “neutral” rating in a report on Friday, August 21st. JPMorgan Chase & Co. increased their price target on Deere & Company from $585.00 to $625.00 and gave the stock a “neutral” rating in a research report on Thursday, October 8th. Finally, Oppenheimer raised their price objective on Deere & Company from $680.00 to $685.00 and gave the company an “outperform” rating in a report on Thursday, August 20th. Seventeen investment analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $688.10.

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.