Deere & Company $DE Stake Lifted by Rakuten Investment Management Inc.

Rakuten Investment Management Inc. increased its stake in Deere & Company (NYSE:DE) by 9.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 44,532 shares of the industrial products company’s stock after acquiring an additional 3,912 shares during the period. Rakuten Investment Management Inc.’s holdings in Deere & Company were worth $30,304,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Mowery & Schoenfeld Wealth Management LLC acquired a new stake in Deere & Company in the second quarter worth approximately $27,000. Kilter Group LLC bought a new position in Deere & Company during the 2nd quarter valued at $29,000. Solstein Capital LLC acquired a new position in shares of Deere & Company during the 2nd quarter valued at $30,000. Orion Capital Management LLC acquired a new position in shares of Deere & Company during the 2nd quarter valued at $32,000. Finally, Markowski Investments bought a new stake in shares of Deere & Company in the 2nd quarter worth $34,000. Institutional investors and hedge funds own 68.58% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on DE. Bank of America upped their price objective on Deere & Company from $667.00 to $715.00 in a report on Thursday, September 24th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $752.00 target price on shares of Deere & Company in a research note on Monday, August 24th. DA Davidson lifted their target price on Deere & Company from $685.00 to $760.00 and gave the stock a “buy” rating in a report on Monday, August 24th. Seaport Research Partners set a $570.00 price target on shares of Deere & Company in a research report on Friday, August 14th. Finally, CICC Research started coverage on shares of Deere & Company in a research report on Sunday, September 13th. They issued an “outperform” rating on the stock. Seventeen research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. According to MarketBeat, Deere & Company currently has a consensus rating of “Moderate Buy” and an average price target of $688.10.

Deere & Company Trading Down 0.2%

Deere & Company stock opened at $666.43 on Wednesday. The company has a debt-to-equity ratio of 1.45, a quick ratio of 1.89 and a current ratio of 2.10. The firm has a market cap of $179.68 billion, a price-to-earnings ratio of 37.02, a price-to-earnings-growth ratio of 1.89 and a beta of 0.89. Deere & Company has a 1 year low of $455.90 and a 1 year high of $721.22. The firm’s 50 day moving average price is $664.52 and its two-hundred day moving average price is $605.77.

Deere & Company (NYSE:DE) last posted its quarterly earnings results on Thursday, August 20th. The industrial products company reported $5.10 earnings per share (EPS) for the quarter, beating 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 for the quarter, compared to analysts’ expectations of $10.81 billion. During the same quarter in the prior year, the company earned $4.75 earnings per share. The firm’s revenue was up 6.2% on a year-over-year basis. On average, research analysts predict that Deere & Company will post 18.11 EPS for the current fiscal year.

Deere & Company Dividend Announcement

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

Key Stories Impacting 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 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.