Deere & Company $DE Stake Raised by Mn Services Vermogensbeheer B.V.

Mn Services Vermogensbeheer B.V. lifted its position in Deere & Company (NYSE:DE) by 2.0% in the 3rd quarter, Holdings Channel.com reports. The fund owned 72,240 shares of the industrial products company’s stock after acquiring an additional 1,400 shares during the period. Mn Services Vermogensbeheer B.V.’s holdings in Deere & Company were worth $48,513,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Mowery & Schoenfeld Wealth Management LLC purchased a new stake in Deere & Company in the 2nd quarter worth about $27,000. Kilter Group LLC bought a new stake in shares of Deere & Company during the 2nd quarter worth approximately $29,000. Solstein Capital LLC bought a new stake in shares of Deere & Company during the 2nd quarter worth approximately $30,000. Portus Wealth Advisors LLC purchased a new position in Deere & Company during the 1st quarter valued at $32,000. Finally, Orion Capital Management LLC bought a new position in Deere & Company in the 2nd quarter valued at $32,000. 68.58% of the stock is owned by hedge funds and other institutional investors.

Key Deere & Company News

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

• Positive Sentiment: Evercore ISI upgraded Deere to Outperform from In Line and set an $813 price target, implying substantial upside and reflecting confidence in the company’s long-term earnings and agricultural-equipment prospects. Evercore ISI Upgrades Deere & Company to Outperform
• Positive Sentiment: Deere announced a collaboration with Yamaha Motor on future side-by-side vehicles. The partnership could broaden Deere’s product offerings and support future growth, although financial details and timing were not disclosed. Yamaha Motor and Deere Announce Collaboration
• Neutral Sentiment: JPMorgan raised its price target to $625 from $585 but maintained a Neutral rating. The new target remains below Deere’s recent trading level, signaling that the bank sees limited near-term upside despite the valuation increase. JPMorgan Raises Deere Price Target
• Negative Sentiment: The FTC and USDA opened an inquiry into farm-equipment market practices, including potential barriers to purchasing, servicing and repairing equipment. Investors are concerned that increased scrutiny could lead to regulatory changes affecting Deere’s distribution, parts and service economics. Caterpillar and Deere Stock Fall as Regulatory Pressure Continues
• Negative Sentiment: Surging Treasury yields pressured capital-intensive equipment manufacturers. Higher financing costs can reduce customers’ ability or willingness to purchase large agricultural machines on credit, adding to the selling pressure on Deere and its peers. Industrials Sell Off as Treasury Yields Rise

Deere & Company Stock Down 0.7%

Shares of NYSE DE opened at $652.54 on Friday. Deere & Company has a 12-month low of $433.00 and a 12-month high of $721.22. The stock’s fifty day simple moving average is $654.41 and its two-hundred day simple moving average is $609.32. The stock has a market capitalization of $175.94 billion, a PE ratio of 36.25, a price-to-earnings-growth ratio of 2.40 and a beta of 0.86. 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 announced its earnings results on Thursday, August 20th. The industrial products company reported $5.10 EPS for the quarter, topping analysts’ consensus estimates of $4.69 by $0.41. The business had revenue of $12.61 billion during 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 firm’s revenue was up 6.2% on a year-over-year basis. During the same period in the previous year, the company posted $4.75 earnings per share. As a group, analysts expect that Deere & Company will post 18.12 EPS for the current fiscal year.

Deere & Company Dividend Announcement

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

Analysts Set New Price Targets

DE has been the subject of several research analyst reports. Raymond James Financial lifted their target price on Deere & Company from $700.00 to $730.00 and gave the stock an “outperform” rating in a research report on Monday, August 31st. Evercore upgraded shares of Deere & Company from an “in-line” rating to an “outperform” rating and set a $813.00 price target on the stock in a report on Wednesday, September 2nd. JPMorgan Chase & Co. lifted their price objective on shares of Deere & Company from $585.00 to $625.00 and gave the company a “neutral” rating in a report on Thursday. Weiss Ratings raised shares of Deere & Company from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, September 21st. Finally, Truist Financial reduced their target price on shares of Deere & Company from $812.00 to $804.00 and set a “buy” rating on the stock in a research report on Monday, August 24th. 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 MarketBeat.com, Deere & Company currently has a consensus rating of “Moderate Buy” and an average price target of $688.10.

Deere & Company Profile

Deere & Company, commonly known as John Deere, is a global manufacturer of agricultural, construction, forestry and turf-care equipment. The company’s products include tractors, combines, planters, sprayers, harvesting equipment, earthmoving machinery, forestry equipment, commercial and residential lawn-care products, and related technology solutions.

Deere operates through businesses serving production and precision agriculture, small agriculture and turf, and construction and forestry markets.