TD Asset Management Inc Sells 197,847 Shares of Deere & Company $DE

TD Asset Management Inc trimmed its holdings in shares of Deere & Company (NYSE:DE) by 33.3% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 397,052 shares of the industrial products company’s stock after selling 197,847 shares during the quarter. TD Asset Management Inc’s holdings in Deere & Company were worth $184,856,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Cary Street Partners Financial LLC lifted its stake in Deere & Company by 11.8% during the 4th quarter. Cary Street Partners Financial LLC now owns 10,312 shares of the industrial products company’s stock valued at $4,801,000 after acquiring an additional 1,086 shares in the last quarter. Spectrum Financial Alliance Ltd LLC lifted its stake in Deere & Company by 55.8% during the 4th quarter. Spectrum Financial Alliance Ltd LLC now owns 85,351 shares of the industrial products company’s stock valued at $39,737,000 after acquiring an additional 30,553 shares in the last quarter. Compagnie Lombard Odier SCmA lifted its stake in Deere & Company by 66.1% during the 3rd quarter. Compagnie Lombard Odier SCmA now owns 27,568 shares of the industrial products company’s stock valued at $12,606,000 after acquiring an additional 10,974 shares in the last quarter. Public Sector Pension Investment Board lifted its stake in Deere & Company by 14.6% during the 3rd quarter. Public Sector Pension Investment Board now owns 21,174 shares of the industrial products company’s stock valued at $9,682,000 after acquiring an additional 2,702 shares in the last quarter. Finally, Westpac Banking Corp lifted its stake in Deere & Company by 78.6% during the 4th quarter. Westpac Banking Corp now owns 6,925 shares of the industrial products company’s stock valued at $3,224,000 after acquiring an additional 3,047 shares in the last quarter. 68.58% of the stock is currently owned by institutional investors.

Deere & Company News Summary

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

• Positive Sentiment: The biggest driver is tariff relief: the U.S. reduced tariffs on imported farm and construction equipment, which has fueled a sharp rally in Deere shares and raised hopes for better profitability. Bellwether Stock Surges Above Key Level. Trump Is Why.
• Positive Sentiment: JPMorgan raised its price target on Deere to $590 from $560, signaling continued confidence in the stock even though the rating remains neutral. JPMorgan adjusts price target on Deere company to 590 from 560, maintains neutral rating
• Positive Sentiment: Commentary suggests Deere could benefit alongside other equipment makers if additional tariff cuts are finalized, which would be another margin tailwind. When Trump Cuts Tariffs on Farm and Construction Equipment, These 5 Stocks Win Big
• Neutral Sentiment: Deere recovered $272 million in tariff refunds, but executives still expect about $900 million in net tariff costs for the current fiscal year, limiting the near-term benefit. Deere recovers 272M in tariff refunds
• Neutral Sentiment: Broader articles on Deere’s long-term brand strength and its strong year-to-date rally are more background than immediate stock catalysts. Is It Time To Reassess Deere (DE) After Its Strong Year To Date Rally?

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the company. Wall Street Zen raised Deere & Company from a “sell” rating to a “hold” rating in a research report on Saturday, February 7th. Wells Fargo & Company raised their target price on Deere & Company from $543.00 to $750.00 and gave the company an “overweight” rating in a research report on Friday, February 20th. Truist Financial decreased their target price on Deere & Company from $793.00 to $759.00 and set a “buy” rating for the company in a research report on Tuesday, May 26th. JPMorgan Chase & Co. raised their target price on Deere & Company from $560.00 to $590.00 and gave the company a “neutral” rating in a research report on Thursday. Finally, DA Davidson decreased their target price on Deere & Company from $775.00 to $685.00 and set a “buy” rating for the company in a research report on Friday, May 22nd. Fifteen analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $639.58.

Deere & Company Trading Up 0.7%

Shares of Deere & Company stock opened at $592.40 on Friday. Deere & Company has a 1 year low of $433.00 and a 1 year high of $674.19. The firm has a market cap of $159.91 billion, a PE ratio of 33.56, a P/E/G ratio of 2.18 and a beta of 0.92. The stock has a fifty day moving average price of $572.75 and a 200-day moving average price of $545.33. 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 (NYSE:DE) last announced its quarterly earnings data on Thursday, May 21st. The industrial products company reported $6.55 earnings per share for the quarter, topping 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 company had revenue of $13.37 billion during the quarter, compared to analyst estimates of $11.55 billion. During the same quarter last year, the firm posted $6.64 EPS. The firm’s revenue for the quarter was up 5.4% on a year-over-year basis. Equities research analysts anticipate that Deere & Company will post 18.08 EPS for the current year.

Deere & Company Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 10th. Investors of record on Tuesday, June 30th will be issued a $1.62 dividend. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $6.48 annualized dividend and a yield of 1.1%. Deere & Company’s dividend payout ratio (DPR) 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.