Deere & Company $DE Shares Purchased by Maryland State Retirement & Pension System

Maryland State Retirement & Pension System grew its position in shares of Deere & Company (NYSE:DE) by 15.0% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 15,204 shares of the industrial products company’s stock after purchasing an additional 1,983 shares during the quarter. Maryland State Retirement & Pension System’s holdings in Deere & Company were worth $10,210,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of the company. Ritholtz Wealth Management lifted its holdings in Deere & Company by 3.6% in the 3rd quarter. Ritholtz Wealth Management now owns 6,827 shares of the industrial products company’s stock valued at $4,584,000 after acquiring an additional 236 shares during the last quarter. NBH Bank boosted its position in shares of Deere & Company by 2.5% during the 3rd quarter. NBH Bank now owns 1,691 shares of the industrial products company’s stock valued at $1,136,000 after purchasing an additional 42 shares in the last quarter. Jefferies Financial Group Inc. boosted its position in shares of Deere & Company by 2.8% during the 3rd quarter. Jefferies Financial Group Inc. now owns 11,408 shares of the industrial products company’s stock valued at $7,661,000 after purchasing an additional 310 shares in the last quarter. Silver Grove Financial Group Inc. grew its stake in shares of Deere & Company by 13.8% in the 3rd quarter. Silver Grove Financial Group Inc. now owns 914 shares of the industrial products company’s stock worth $614,000 after purchasing an additional 111 shares during the last quarter. Finally, Northbridge Financial Group LLC grew its stake in shares of Deere & Company by 21.5% in the 3rd quarter. Northbridge Financial Group LLC now owns 583 shares of the industrial products company’s stock worth $398,000 after purchasing an additional 103 shares during the last quarter. 68.58% of the stock is currently owned by institutional investors and hedge funds.

Key Stories Impacting Deere & Company

Investors following DE have been watching these stories:

• Neutral Sentiment: Deere attracted increased attention from Zacks.com users, but the report offers no specific new company developments or financial information to explain that interest. Deere Is Attracting Investor Attention
• Negative Sentiment: Deere plans to close two Iowa plants and move some production to other U.S. facilities and Brazil, citing the need to align capacity with demand. The restructuring could improve efficiency over time, but closures and production shifts bring execution and workforce uncertainty. Deere to End Production at Two Iowa Plants
• Negative Sentiment: A Seeking Alpha commentary argues Deere’s shares are looking expensive, highlighting valuation as a potential risk if growth or earnings expectations disappoint. Deere & Company Is Getting Awfully Pricey

Wall Street Analyst Weigh In

A number of analysts recently commented on DE shares. Evercore upgraded shares of Deere & Company from an “in-line” rating to an “outperform” rating and set a $813.00 target price on the stock in a report on Wednesday, September 2nd. Wall Street Zen cut shares of Deere & Company from a “hold” rating to a “sell” rating in a report on Saturday, August 22nd. Weiss Ratings upgraded shares of Deere & Company from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, September 21st. Truist Financial cut their target price on Deere & Company from $812.00 to $804.00 and set a “buy” rating on the stock in a research report on Monday, August 24th. Finally, Nomura raised Deere & Company to a “buy” rating in a research report on Monday, August 31st. Seventeen analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $688.10.

Deere & Company Trading Up 0.6%

Shares of NYSE:DE opened at $691.45 on Thursday. 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 stock’s 50-day moving average is $669.14 and its 200-day moving average is $610.65. The company has a market cap of $186.43 billion, a P/E ratio of 38.41, a P/E/G ratio of 1.95 and a beta of 0.89. Deere & Company has a 52-week low of $455.90 and a 52-week high of $721.22.

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

Deere & Company Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, November 9th. Stockholders of record on Wednesday, September 30th were issued a dividend of $1.62 per share. The ex-dividend date was Wednesday, September 30th. This represents a $6.48 dividend on an annualized basis and a dividend yield of 0.9%. Deere & Company’s payout ratio is 36.00%.

Deere & Company Profile

Deere & Company, commonly known as John Deere, manufactures and distributes equipment and technology for agriculture, construction, forestry, and lawn care. Its products include tractors, combines, planting and spraying equipment, construction machinery, forestry equipment, and turf-care products, along with related parts and services. The company also provides precision agriculture technologies designed to help customers monitor and manage equipment and field operations. Through its Financial Services business, Deere offers financing and leasing options for equipment and related products.