Deere & Company $DE Holdings Increased by Cullinan Associates Inc.

Cullinan Associates Inc. lifted its position in shares of Deere & Company (NYSE:DE) by 4.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 20,478 shares of the industrial products company’s stock after purchasing an additional 902 shares during the period. Deere & Company comprises 1.0% of Cullinan Associates Inc.’s investment portfolio, making the stock its 23rd largest holding. Cullinan Associates Inc.’s holdings in Deere & Company were worth $13,752,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. SHEPHERD WEALTH MANAGEMENT Ltd LIABILITY Co increased its position in Deere & Company by 3.2% in the 2nd quarter. SHEPHERD WEALTH MANAGEMENT Ltd LIABILITY Co now owns 516 shares of the industrial products company’s stock valued at $308,000 after acquiring an additional 16 shares during the period. Concorde Asset Management LLC raised its stake in shares of Deere & Company by 3.0% during the second quarter. Concorde Asset Management LLC now owns 581 shares of the industrial products company’s stock valued at $369,000 after acquiring an additional 17 shares during the last quarter. MCF Advisors LLC raised its stake in shares of Deere & Company by 0.9% during the second quarter. MCF Advisors LLC now owns 1,999 shares of the industrial products company’s stock valued at $1,271,000 after acquiring an additional 17 shares during the last quarter. XY Planning Network Inc. lifted its holdings in shares of Deere & Company by 2.3% during the third quarter. XY Planning Network Inc. now owns 765 shares of the industrial products company’s stock worth $514,000 after purchasing an additional 17 shares during the period. Finally, CRA Financial Services LLC lifted its holdings in shares of Deere & Company by 1.4% during the third quarter. CRA Financial Services LLC now owns 1,224 shares of the industrial products company’s stock worth $822,000 after purchasing an additional 17 shares during the period. Institutional investors and hedge funds 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’s See & Spray technology was cited as an example of AI improving farm productivity; the system can reduce pesticide use by as much as 75%. That efficiency potential may support customer economics and demand for Deere’s precision-agriculture offerings. Are eBay and Deere stocks under-the-radar AI beneficiaries?
• Positive Sentiment: A Zacks article included Deere among AgriTech and food-innovation stocks, pointing to strategic investment, operational improvements, and growth opportunities as reasons it may suit investors seeking portfolio stability. 2 AgriTech and Food Innovation Stocks to Buy for a Stable Portfolio
• Neutral Sentiment: Recent coverage compares Deere with Kubota (KUBTY) for value investors but the provided summaries do not say which company comes out ahead. The comparison alone offers no clear new signal on Deere’s valuation. KUBTY vs. DE: Which Stock Should Value Investors Buy Now?
• Negative Sentiment: Deere plans to close two Iowa facilities and consolidate production, including moving small-planter production and shifting work to its Ankeny plant. The restructuring could improve efficiency over time, but closures and associated disruption may concern investors in the near term. John Deere Consolidates U.S. Plants, Will Close 2 Iowa Factories

Deere & Company Stock Up 1.3%

Shares of NYSE DE opened at $671.99 on Friday. The company has a market capitalization of $181.18 billion, a P/E ratio of 37.33, a price-to-earnings-growth ratio of 1.90 and a beta of 0.89. Deere & Company has a 52-week low of $455.90 and a 52-week high of $721.22. 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 company’s 50 day moving average price is $667.02 and its 200-day moving average price is $608.14.

Deere & Company (NYSE:DE) last posted its quarterly earnings data on Thursday, August 20th. The industrial products company reported $5.10 EPS for the quarter, beating analysts’ consensus estimates of $4.69 by $0.41. Deere & Company had a net margin of 10.16% and a return on equity of 18.10%. The company had revenue of $12.61 billion for the quarter, compared to analyst estimates of $10.81 billion. During the same period in the prior year, the firm posted $4.75 EPS. The company’s quarterly revenue was up 6.2% on a year-over-year basis. Equities analysts forecast that Deere & Company will post 18.11 earnings per share for the current year.

Deere & Company Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, November 9th. Shareholders 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 36.00%.

Analysts Set New Price Targets

Several analysts recently weighed in on DE shares. Barclays boosted their price objective on shares of Deere & Company from $640.00 to $675.00 and gave the stock an “overweight” rating in a research note on Monday, August 24th. Wall Street Zen lowered Deere & Company from a “hold” rating to a “sell” rating in a research report on Saturday, August 22nd. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $752.00 target price on shares of Deere & Company in a report on Monday, August 24th. Oppenheimer upped their price target on Deere & Company from $680.00 to $685.00 and gave the company an “outperform” rating in a research report on Thursday, August 20th. Finally, Seaport Research Partners set a $570.00 price target on Deere & Company in a research note on Friday, August 14th. Seventeen research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $688.10.

Deere & Company Profile