Deere & Company $DE Stake Lessened by Enterprise Financial Services Corp

Enterprise Financial Services Corp lessened its holdings in Deere & Company (NYSE:DE) by 28.6% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 2,091 shares of the industrial products company’s stock after selling 839 shares during the quarter. Enterprise Financial Services Corp’s holdings in Deere & Company were worth $1,178,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Norges Bank acquired a new position in Deere & Company during the fourth quarter valued at $1,715,633,000. Capital World Investors boosted its position in Deere & Company by 53.9% during the 4th quarter. Capital World Investors now owns 9,592,004 shares of the industrial products company’s stock worth $4,465,906,000 after acquiring an additional 3,358,264 shares during the period. Northwestern Mutual Wealth Management Co. grew its stake in Deere & Company by 1,725.8% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 2,003,715 shares of the industrial products company’s stock valued at $932,870,000 after acquiring an additional 1,893,972 shares in the last quarter. M&T Bank Corp grew its stake in Deere & Company by 1,199.8% during the 4th quarter. M&T Bank Corp now owns 1,864,701 shares of the industrial products company’s stock valued at $868,149,000 after acquiring an additional 1,721,239 shares in the last quarter. Finally, Diamant Asset Management Inc. increased its holdings in shares of Deere & Company by 56,230.0% in the 1st quarter. Diamant Asset Management Inc. now owns 610,617 shares of the industrial products company’s stock valued at $343,961,000 after purchasing an additional 609,533 shares during the period. Hedge funds and other institutional investors own 68.58% of the company’s stock.

Wall Street Analysts Forecast Growth

DE has been the subject of a number of research analyst reports. Robert W. Baird reduced their price target 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. Oppenheimer reaffirmed an “outperform” rating and set a $680.00 price objective (down from $715.00) on shares of Deere & Company in a research report on Wednesday, May 27th. Citigroup upped their price objective on shares of Deere & Company from $575.00 to $610.00 and gave the company a “neutral” rating in a research note on Tuesday. Barclays increased their target price 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, JPMorgan Chase & Co. lifted their target price on shares of Deere & Company from $560.00 to $590.00 and gave the company a “neutral” rating in a research note on Thursday, June 4th. Fourteen equities research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. Based on data from MarketBeat.com, Deere & Company has an average rating of “Moderate Buy” and an average price target of $642.98.

Key Deere & Company News

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

• Positive Sentiment: Deere settled its FTC right-to-repair lawsuit, paving the way for broader repair access and potentially stronger customer service relationships. Will Deere Benefit From Settling Its FTC Right-to-Repair Dispute?
• Positive Sentiment: Another report highlighted Deere as a stock to watch in the agriculture equipment sector, reinforcing investor attention on the name. Promising Agriculture Stocks To Watch Today – July 13th
• Neutral Sentiment: Analyst-style comparisons versus Alamo Group focused on valuation rather than any new operating development for Deere. ALG vs. DE: Which Stock Is the Better Value Option?
• Neutral Sentiment: An agricultural machinery components industry report mentioned Deere among major players and cited themes like repair access and precision farming, but it did not include Deere-specific financial news. Agricultural Machinery Components Market Report Published, Profiles Deere, CNH Industrial, AGCO, Kubota, and 11 Other Companies

Deere & Company Stock Up 1.5%

DE opened at $598.56 on Friday. The company has a market capitalization of $161.58 billion, a PE ratio of 33.91, a price-to-earnings-growth ratio of 2.18 and a beta of 0.89. The company has a debt-to-equity ratio of 1.54, a current ratio of 2.18 and a quick ratio of 1.95. Deere & Company has a fifty-two week low of $433.00 and a fifty-two week high of $674.19. The business has a 50-day moving average of $582.10 and a 200-day moving average of $571.13.

Deere & Company (NYSE:DE) last announced its quarterly earnings results on Thursday, May 21st. The industrial products company reported $6.55 EPS for the quarter, beating the consensus estimate of $5.70 by $0.85. Deere & Company had a return on equity of 18.25% and a net margin of 10.09%.The business had revenue of $13.37 billion during the quarter, compared to analysts’ expectations of $11.55 billion. During the same quarter in the previous year, the business posted $6.64 EPS. The firm’s quarterly revenue was up 5.4% compared to the same quarter last year. Equities research analysts forecast that Deere & Company will post 18.13 EPS for the current fiscal year.

Deere & Company Dividend Announcement

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

Deere & 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.