Deere & Company $DE Stock Position Lowered by Markel Group Inc.

Markel Group Inc. reduced its position in Deere & Company (NYSE:DE) by 1.9% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 861,150 shares of the industrial products company’s stock after selling 16,750 shares during the period. Deere & Company accounts for about 4.5% of Markel Group Inc.’s holdings, making the stock its 3rd biggest holding. Markel Group Inc. owned 0.32% of Deere & Company worth $578,305,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in DE. Mowery & Schoenfeld Wealth Management LLC acquired a new stake in shares of Deere & Company in the second quarter valued at approximately $27,000. Kilter Group LLC purchased a new position in shares of Deere & Company during the second quarter worth approximately $29,000. Solstein Capital LLC acquired a new position in shares of Deere & Company in the 2nd quarter valued at $30,000. Orion Capital Management LLC acquired a new position in shares of Deere & Company in the 2nd quarter valued at $32,000. Finally, Markowski Investments acquired a new position in shares of Deere & Company in the 2nd quarter valued at $34,000. 68.58% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Bank of America increased their price target on shares of Deere & Company from $667.00 to $715.00 in a research note on Thursday, September 24th. CICC Research began coverage on shares of Deere & Company in a research note on Sunday, September 13th. They issued an “outperform” rating on the stock. Weiss Ratings upgraded shares of Deere & Company from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, September 21st. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $752.00 target price on shares of Deere & Company in a report on Monday, August 24th. Finally, Oppenheimer increased their target price on shares of Deere & Company from $680.00 to $685.00 and gave the stock an “outperform” rating in a research note on Thursday, August 20th. Seventeen investment analysts have rated the stock with a Buy rating and eight 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 $688.10.

Trending Headlines about Deere & Company

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%

NYSE:DE opened at $666.43 on Wednesday. Deere & Company has a 12-month low of $455.90 and a 12-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. The stock’s 50 day simple moving average is $664.52 and its 200-day simple moving average is $605.77. The firm has a market cap of $179.68 billion, a P/E ratio of 37.02, a PEG ratio of 1.89 and a beta of 0.89.

Deere & Company (NYSE:DE) last issued its quarterly earnings results on Thursday, August 20th. The industrial products company reported $5.10 earnings per share 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 firm had revenue of $12.61 billion during the quarter, compared to the consensus estimate of $10.81 billion. During the same period last year, the company earned $4.75 earnings per share. The company’s revenue for the quarter was up 6.2% on a year-over-year basis. Equities analysts anticipate that Deere & Company will post 18.11 EPS for the current year.

Deere & Company Dividend Announcement

The company 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 annualized dividend and a dividend yield of 1.0%. The ex-dividend date is Wednesday, September 30th. Deere & Company’s dividend payout ratio (DPR) is 36.00%.

Deere & Company 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.