United Capital Financial Advisors LLC Makes New $32.80 Million Investment in Deere & Company $DE

United Capital Financial Advisors LLC acquired a new stake in shares of Deere & Company (NYSE:DE) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 51,708 shares of the industrial products company’s stock, valued at approximately $32,800,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of DE. Mowery & Schoenfeld Wealth Management LLC purchased a new stake in Deere & Company during the 2nd quarter valued at $27,000. Kilter Group LLC bought a new position in Deere & Company during the second quarter valued at $29,000. Timmons Wealth Management LLC bought a new position in Deere & Company during the fourth quarter valued at $29,000. McIlrath & Eck LLC purchased a new stake in shares of Deere & Company in the fourth quarter valued at $30,000. Finally, Solstein Capital LLC purchased a new stake in shares of Deere & Company in the second quarter valued at $30,000. Hedge funds and other institutional investors own 68.58% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. Seaport Research Partners set a $570.00 price target on shares of Deere & Company in a report on Friday, August 14th. Royal Bank Of Canada reissued an “outperform” rating and issued a $752.00 price objective on shares of Deere & Company in a research note on Monday. Robert W. Baird upped their target price on Deere & Company from $525.00 to $640.00 and gave the company a “neutral” rating in a research note on Friday, August 21st. Citigroup upped their target price on Deere & Company from $610.00 to $650.00 and gave the company a “neutral” rating in a research note on Friday, August 21st. Finally, Oppenheimer raised their price target on Deere & Company from $680.00 to $685.00 and gave the stock an “outperform” rating in a research note on Thursday, August 20th. Fourteen investment analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Deere & Company currently has an average rating of “Moderate Buy” and a consensus target price of $653.48.

Deere & Company Price Performance

Shares of DE stock opened at $622.67 on Friday. The company has a market capitalization of $168.08 billion, a P/E ratio of 34.59, a P/E/G ratio of 2.62 and a beta of 0.90. The company’s 50-day simple moving average is $610.78 and its two-hundred day simple moving average is $593.08. Deere & Company has a one year low of $433.00 and a one year high of $674.19. The company has a debt-to-equity ratio of 1.45, a current ratio of 2.10 and a quick ratio of 1.89.

Deere & Company (NYSE:DE) last posted its quarterly earnings results on Thursday, August 20th. The industrial products company reported $5.10 earnings per share for the quarter, beating the consensus estimate of $4.69 by $0.41. The firm had revenue of $12.61 billion during the quarter, compared to the consensus estimate of $10.81 billion. Deere & Company had a net margin of 10.16% and a return on equity of 18.10%. The company’s revenue was up 6.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $4.75 earnings per share. As a group, equities analysts anticipate that Deere & Company will post 18.09 EPS for the current year.

Deere & Company Dividend Announcement

The company also recently announced 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 payout ratio is 36.00%.

Key Stories Impacting Deere & Company

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

• Positive Sentiment: Better-than-expected earnings and execution: Deere reported fiscal third-quarter earnings per share of $5.10, above the $4.69 analyst consensus, while revenue reached $12.61 billion versus expectations of $10.81 billion. Net income increased 7% year over year to $1.379 billion. Management cited strong factory output, disciplined cost control, favorable price realization, and steady construction and turf demand. Deere’s Q2 Earnings Call: Our Top 5 Analyst Questions
• Positive Sentiment: Construction and AI opportunities support diversification: Coverage highlighted growth in less traditional areas, including construction, where demand is benefiting from technology and infrastructure investment. Deere also entered a $10 million, three-year R&D partnership with Reservoir to accelerate rugged artificial-intelligence applications for high-value crop agriculture. Deere quarterly profits and construction growth Reservoir AI partnership with John Deere
• Positive Sentiment: Analyst support and shareholder return: DA Davidson raised its price target to $760, while RBC reaffirmed an “Outperform” rating. Deere also declared a quarterly dividend of $1.62 per share, payable November 9 to shareholders of record September 30. DA Davidson raises Deere price target RBC reaffirms Deere Outperform rating Deere quarterly dividend announcement
• Neutral Sentiment: Mixed segment picture: The earnings commentary suggests Deere’s diversified businesses, particularly construction and turf, are offsetting softer conditions in its largest agriculture-related division. Investors may therefore remain focused on the durability of farm-equipment demand and the company’s outlook.
• Negative Sentiment: Valuation leaves less room for disappointment: With the shares trading at roughly 35 times earnings, investors may be taking profits or showing caution despite the earnings beat, particularly if agricultural weakness persists or growth in newer businesses takes longer to scale.

About Deere & Company

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.