Wesbanco Bank Inc. Sells 1,059 Shares of Deere & Company $DE

Wesbanco Bank Inc. reduced its stake in Deere & Company (NYSE:DE) by 6.4% during the first quarter, Holdings Channel.com reports. The institutional investor owned 15,368 shares of the industrial products company’s stock after selling 1,059 shares during the period. Wesbanco Bank Inc.’s holdings in Deere & Company were worth $8,657,000 as of its most recent filing with the SEC.

Other institutional investors also recently added to or reduced their stakes in the company. Clarus Group Inc. bought a new stake in shares of Deere & Company in the 1st quarter worth approximately $216,000. Xcel Wealth Management LLC increased its position in Deere & Company by 3.2% in the first quarter. Xcel Wealth Management LLC now owns 3,695 shares of the industrial products company’s stock worth $2,081,000 after buying an additional 115 shares during the last quarter. Topsail Wealth Management LLC purchased a new stake in Deere & Company in the first quarter worth $217,000. GHP Investment Advisors Inc. raised its stake in shares of Deere & Company by 44.0% in the first quarter. GHP Investment Advisors Inc. now owns 962 shares of the industrial products company’s stock valued at $542,000 after buying an additional 294 shares during the period. Finally, AA Financial Advisors LLC lifted its position in shares of Deere & Company by 13.1% during the 1st quarter. AA Financial Advisors LLC now owns 810 shares of the industrial products company’s stock valued at $456,000 after buying an additional 94 shares during the last quarter. Institutional investors own 68.58% of the company’s stock.

Key Deere & Company News

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

• Positive Sentiment: Deere raised full-year net income guidance, expanded its share repurchase program, and highlighted AI-enabled efficiency investments, all of which support the case for stronger margins and shareholder returns. Deere (DE) Is Up 7.0% After Raising Guidance, Expanding Buybacks And Highlighting AI Efficiency Investments
• Positive Sentiment: RBC Capital and Freedom Broker raised price targets on Deere after strong quarterly earnings, signaling Wall Street sees continued upside following the company’s latest results. RBC Capital and Freedom Broker Raise Price Targets on Deere (DE) After Strong Quarterly Earnings
• Positive Sentiment: Deere continues to be viewed as a long-term winner in agtech, robotics, and automation, reinforcing the investment case for its precision-farming and technology-driven business model. Is Deere & Co. (DE) Amongst the Best Robotics and Automation Stocks to Look at
• Neutral Sentiment: Deere and other ag-related companies are being highlighted in articles about agtech and food innovation, which supports the long-term theme but does not appear to be a direct stock-moving catalyst. 3 AgTech & Food Innovation Stocks Driving Agriculture’s Future
• Neutral Sentiment: Some commentary suggests Deere may be near an agricultural-cycle bottom in 2026, which could eventually help the stock if farm conditions improve, but that recovery is still forward-looking. Deere Expects 2026 to Mark the Bottom of the Agriculture Cycle, RBC Says
• Negative Sentiment: Near-term sentiment is being capped by concerns that Deere’s agriculture business is still working through a cyclical downturn, even as investors look for signs that demand has stabilized. How CAT Stock Doubles Again To Reach $2,000

Deere & Company Stock Down 2.7%

Shares of Deere & Company stock opened at $613.45 on Friday. The company’s 50 day moving average is $574.51 and its 200 day moving average is $557.28. The company has a quick ratio of 1.95, a current ratio of 2.18 and a debt-to-equity ratio of 1.54. The company has a market cap of $165.59 billion, a price-to-earnings ratio of 34.76, a price-to-earnings-growth ratio of 2.33 and a beta of 0.92. Deere & Company has a twelve month low of $433.00 and a twelve month high of $674.19.

Deere & Company (NYSE:DE) last posted its quarterly earnings results on Thursday, May 21st. The industrial products company reported $6.55 earnings per share for the quarter, topping analysts’ consensus estimates of $5.70 by $0.85. The business had revenue of $13.37 billion during the quarter, compared to analyst estimates of $11.55 billion. Deere & Company had a net margin of 10.09% and a return on equity of 18.25%. The company’s revenue was up 5.4% on a year-over-year basis. During the same period in the prior year, the business posted $6.64 earnings per share. Research analysts anticipate that Deere & Company will post 18.13 EPS for the current year.

Deere & Company Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, August 10th. Stockholders of record on Tuesday, June 30th will be paid a dividend of $1.62 per share. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $6.48 dividend on an annualized basis and a dividend yield of 1.1%. Deere & Company’s dividend payout ratio is currently 36.71%.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on DE shares. Wall Street Zen lowered Deere & Company from a “hold” rating to a “sell” rating in a report on Saturday. Argus increased their target price on shares of Deere & Company from $540.00 to $700.00 and gave the stock a “buy” rating in a research note on Tuesday, March 3rd. Raymond James Financial dropped their price target on Deere & Company from $765.00 to $700.00 and set an “outperform” rating for the company in a research report on Friday, May 22nd. Robert W. Baird cut their target price on shares of Deere & Company from $580.00 to $525.00 and set a “neutral” rating for the company in a research report on Friday, May 22nd. Finally, DA Davidson reduced their price target on shares of Deere & Company from $775.00 to $685.00 and set a “buy” rating on the stock in a research report on Friday, May 22nd. Fourteen equities research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $639.58.

Deere & Company Company Profile

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.