Deere & Company $DE Position Increased by Handelsbanken Fonder AB

Handelsbanken Fonder AB raised its holdings in shares of Deere & Company (NYSE:DE) by 20.5% in the 4th quarter, Holdings Channel reports. The firm owned 133,815 shares of the industrial products company’s stock after purchasing an additional 22,741 shares during the quarter. Handelsbanken Fonder AB’s holdings in Deere & Company were worth $62,300,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently added to or reduced their stakes in the company. Strategic Advocates LLC bought a new stake in Deere & Company during the third quarter valued at $25,000. Key Capital Management INC bought a new stake in Deere & Company during the fourth quarter valued at $27,000. McIlrath & Eck LLC bought a new stake in Deere & Company during the fourth quarter valued at $30,000. Activest Wealth Management increased its stake in Deere & Company by 69.2% during the third quarter. Activest Wealth Management now owns 66 shares of the industrial products company’s stock valued at $30,000 after purchasing an additional 27 shares during the last quarter. Finally, Wealth Watch Advisors INC bought a new stake in Deere & Company during the third quarter valued at $32,000. Institutional investors own 68.58% of the company’s stock.

Deere & Company Stock Performance

DE stock opened at $564.61 on Tuesday. The company has a market capitalization of $152.51 billion, a P/E ratio of 31.83, a PEG ratio of 1.96 and a beta of 0.96. The company has a 50-day simple moving average of $580.45 and a 200 day simple moving average of $538.11. Deere & Company has a fifty-two week low of $433.00 and a fifty-two week high of $674.19. The company has a quick ratio of 1.96, a current ratio of 2.21 and a debt-to-equity ratio of 1.59.

Deere & Company (NYSE:DE) last posted its quarterly earnings data on Thursday, February 19th. The industrial products company reported $2.42 earnings per share for the quarter, topping the consensus estimate of $1.90 by $0.52. The business had revenue of $9.61 billion during the quarter, compared to the consensus estimate of $7.50 billion. Deere & Company had a net margin of 10.29% and a return on equity of 18.93%. The company’s quarterly revenue was up 17.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $3.19 earnings per share. Sell-side analysts predict that Deere & Company will post 18.01 earnings per share for the current fiscal year.

Deere & Company Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 8th. Investors of record on Tuesday, March 31st were issued a $1.62 dividend. The ex-dividend date of this dividend was Tuesday, March 31st. This represents a $6.48 annualized dividend and a yield of 1.1%. Deere & Company’s dividend payout ratio is presently 36.53%.

Wall Street Analyst Weigh In

Several research firms have recently commented on DE. Sanford C. Bernstein upped their price target on shares of Deere & Company from $521.00 to $615.00 and gave the stock a “market perform” rating in a research report on Friday, February 20th. JPMorgan Chase & Co. upped their price target on shares of Deere & Company from $525.00 to $550.00 and gave the stock a “neutral” rating in a research report on Friday, April 10th. DA Davidson upped their price target on shares of Deere & Company from $580.00 to $775.00 and gave the stock a “buy” rating in a research report on Friday, February 20th. Barclays upped their price target on shares of Deere & Company from $530.00 to $640.00 and gave the stock an “overweight” rating in a research report on Tuesday, March 31st. Finally, Wall Street Zen upgraded shares of Deere & Company from a “sell” rating to a “hold” rating in a research report on Saturday, February 7th. Fifteen equities research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $655.45.

Key Deere & Company News

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

• Positive Sentiment: Analysts remain moderately optimistic about Deere & Company (DE) even though the stock has underperformed the broader market over the past year, suggesting some investors still see upside if execution improves. What Are Wall Street Analysts’ Target Price for Deere & Company Stock?
• Neutral Sentiment: Wall Street’s key-metric previews ahead of Deere’s Q2 report suggest investors are focusing on operating trends such as demand, margins, and equipment sales to gauge whether the quarter came in better or worse than expected. Wall Street’s Insights Into Key Metrics Ahead of Deere (DE) Q2 Earnings
• Neutral Sentiment: Deere is expected to report Q2 earnings soon, and investors are watching for whether higher revenue can offset weaker farm spending and rising costs; consensus calls for earnings to fall about 12.5% year over year. Deere Gears Up to Report Q2 Earnings: What to Expect for the Stock?
• Negative Sentiment: A new lawsuit accusing Deere & Company (DE) of blocking right-to-repair access for construction equipment adds another legal and reputational overhang for the company. Deere Hit With New Lawsuit, This One for Construction Equipment Right to Repair
• Negative Sentiment: Comparisons with Caterpillar highlighted Deere’s weaker earnings growth and revenue momentum relative to CAT, which may pressure investor sentiment toward DE heading into earnings. Caterpillar vs. Deere: Which Heavy Equipment Stock is the Better Buy?

About Deere & Company

Deere & Company, commonly known by its brand John Deere, is a global manufacturer of agricultural, construction and forestry machinery, as well as turf care equipment and power systems. Founded in 1837 by blacksmith John Deere—who developed a polished steel plow to improve tillage in tough prairie soils—the company is headquartered in Moline, Illinois, and has grown into one of the largest and most recognizable names in equipment manufacturing worldwide.

The company’s principal businesses include a broad portfolio of agricultural equipment such as tractors, combines, planters, sprayers, harvesters and tillage implements, complemented by precision agriculture technologies and telematics that support farm management, yield optimization and equipment connectivity.