IFP Advisors Inc Has $4.36 Million Stake in Deere & Company $DE

IFP Advisors Inc lifted its stake in shares of Deere & Company (NYSE:DE) by 176.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 9,369 shares of the industrial products company’s stock after purchasing an additional 5,986 shares during the period. IFP Advisors Inc’s holdings in Deere & Company were worth $4,362,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Strategic Advocates LLC acquired a new position in Deere & Company in the third quarter valued at approximately $25,000. Key Capital Management INC acquired a new position in Deere & Company in the fourth quarter valued at approximately $27,000. Activest Wealth Management lifted its holdings in Deere & Company by 69.2% in the third quarter. Activest Wealth Management now owns 66 shares of the industrial products company’s stock valued at $30,000 after buying an additional 27 shares during the period. McIlrath & Eck LLC acquired a new position in Deere & Company in the fourth quarter valued at approximately $30,000. Finally, Wealth Watch Advisors INC acquired a new position in Deere & Company in the third quarter valued at approximately $32,000. 68.58% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages recently weighed in on DE. Wells Fargo & Company increased their price objective on shares of Deere & Company from $543.00 to $750.00 and gave the company an “overweight” rating in a report on Friday, February 20th. Robert W. Baird cut their target price on shares of Deere & Company from $675.00 to $580.00 and set a “neutral” rating on the stock in a report on Thursday, April 2nd. DA Davidson increased their target price on shares of Deere & Company from $580.00 to $775.00 and gave the stock a “buy” rating in a report on Friday, February 20th. Sanford C. Bernstein increased their target price on shares of Deere & Company from $521.00 to $615.00 and gave the stock a “market perform” rating in a report on Friday, February 20th. Finally, Citigroup cut their target price on shares of Deere & Company from $675.00 to $625.00 and set a “neutral” rating on the stock in a report on Monday, March 9th. Fifteen analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $655.45.

Key Stories Impacting Deere & Company

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

• Neutral Sentiment: Deere is set to report Q2 results Thursday, and traders expect the announcement to drive a sizable move as they look for updates on farm-equipment demand, pricing, and margin trends. Deere Reports Earnings Thursday. Here’s How Much Traders Expect Its Stock to Move
• Neutral Sentiment: Analysts and market commentary are focusing on Deere’s earnings outlook, with investors looking for signs that recent tariff headwinds and elevated inflation are affecting the agricultural economy and equipment replacement cycles. Deere Earnings Due. It Also Has A Caterpillar-Like Growth Lever.
• Negative Sentiment: Reports highlighting soft farm demand and rising tariff pressures point to potential downside risk if Deere’s guidance shows that growers are delaying purchases or facing weaker profitability. Deere heads into Q2 earnings amid soft farm demand and rising tariff pressures
• Negative Sentiment: Ongoing right-to-repair litigation remains an overhang, adding legal and reputational risk even as Deere previously moved toward a $99 million settlement in a related case. Deere faces latest right-to-repair lawsuit; this time about construction

Deere & Company Stock Up 0.6%

Deere & Company stock opened at $561.14 on Thursday. The company has a market cap of $151.57 billion, a P/E ratio of 31.63, a price-to-earnings-growth ratio of 1.95 and a beta of 0.96. Deere & Company has a 1-year low of $433.00 and a 1-year high of $674.19. The company has a fifty day simple moving average of $579.04 and a 200 day simple moving average of $539.38. The company has a current ratio of 2.21, a quick ratio of 1.96 and a debt-to-equity ratio of 1.59.

Deere & Company (NYSE:DE) last released its earnings results on Thursday, February 19th. The industrial products company reported $2.42 earnings per share for the quarter, beating analysts’ consensus estimates 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 firm’s revenue for the quarter was up 17.5% compared to the same quarter last year. During the same quarter last year, the firm earned $3.19 earnings per share. Research analysts anticipate that Deere & Company will post 18.01 earnings per share for the current fiscal year.

Deere & Company Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 8th. Investors of record on Tuesday, March 31st were given a $1.62 dividend. The ex-dividend date of this dividend was Tuesday, March 31st. This represents a $6.48 dividend on an annualized basis and a yield of 1.2%. Deere & Company’s dividend payout ratio (DPR) is 36.53%.

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.