11,542 Shares in Deere & Company $DE Acquired by M Holdings Securities Inc.

M Holdings Securities Inc. bought a new position in Deere & Company (NYSE:DE) in the third quarter, according to its most recent filing with the SEC. The firm bought 11,542 shares of the industrial products company’s stock, valued at approximately $7,707,000.

Several other large investors also recently bought and sold shares of DE. Mowery & Schoenfeld Wealth Management LLC purchased a new position in shares of Deere & Company in the second quarter worth $27,000. Kilter Group LLC acquired a new stake in shares of Deere & Company during the second quarter worth $29,000. Solstein Capital LLC acquired a new stake in shares of Deere & Company during the second quarter worth $30,000. Orion Capital Management LLC acquired a new stake in shares of Deere & Company during the second quarter worth $32,000. Finally, Markowski Investments purchased a new stake in shares of Deere & Company during the second quarter valued at $34,000. Hedge funds and other institutional investors own 68.58% of the company’s stock.

Deere & Company News Summary

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

• Positive Sentiment: Deere’s See & Spray technology was cited as an example of AI improving farm productivity; the system can reduce pesticide use by as much as 75%. That efficiency potential may support customer economics and demand for Deere’s precision-agriculture offerings. Are eBay and Deere stocks under-the-radar AI beneficiaries?
• Positive Sentiment: A Zacks article included Deere among AgriTech and food-innovation stocks, pointing to strategic investment, operational improvements, and growth opportunities as reasons it may suit investors seeking portfolio stability. 2 AgriTech and Food Innovation Stocks to Buy for a Stable Portfolio
• Neutral Sentiment: Recent coverage compares Deere with Kubota (KUBTY) for value investors but the provided summaries do not say which company comes out ahead. The comparison alone offers no clear new signal on Deere’s valuation. KUBTY vs. DE: Which Stock Should Value Investors Buy Now?
• Negative Sentiment: Deere plans to close two Iowa facilities and consolidate production, including moving small-planter production and shifting work to its Ankeny plant. The restructuring could improve efficiency over time, but closures and associated disruption may concern investors in the near term. John Deere Consolidates U.S. Plants, Will Close 2 Iowa Factories

Analyst Upgrades and Downgrades

Several research firms recently issued reports on DE. Robert W. Baird raised Deere & Company from a “neutral” rating to an “outperform” rating and upped their target price for the company from $640.00 to $800.00 in a research report on Monday, August 31st. Weiss Ratings upgraded Deere & Company from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, September 21st. Nomura raised Deere & Company to a “buy” rating in a research report on Monday, August 31st. JPMorgan Chase & Co. lifted 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, Royal Bank Of Canada reiterated an “outperform” rating and set a $752.00 price target on shares of Deere & Company in a research note on Monday, August 24th. Seventeen research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $688.10.

Deere & Company Stock Performance

DE opened at $671.99 on Monday. 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 12-month low of $455.90 and a 12-month high of $721.22. The firm has a 50 day moving average of $667.02 and a two-hundred day moving average of $608.14. The firm has a market capitalization of $181.18 billion, a PE ratio of 37.33, a P/E/G ratio of 1.90 and a beta of 0.89.

Deere & Company (NYSE:DE) last released its quarterly earnings data on Thursday, August 20th. The industrial products company reported $5.10 EPS for the quarter, beating the consensus estimate of $4.69 by $0.41. The business had revenue of $12.61 billion for the quarter, compared to the consensus estimate of $10.81 billion. Deere & Company had a net margin of 10.16% and a return on equity of 18.10%. The business’s revenue for the quarter was up 6.2% on a year-over-year basis. During the same period in the prior year, the firm earned $4.75 EPS. On average, analysts anticipate that Deere & Company will post 18.11 EPS for the current year.

Deere & Company Dividend Announcement

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

Deere & Company Profile