Deere & Company $DE Stock: Palisade Asset Management LLC Decreases Holdings

Palisade Asset Management LLC decreased its holdings in Deere & Company (NYSE:DE) by 7.5% in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 33,872 shares of the industrial products company’s stock after selling 2,761 shares during the quarter. Deere & Company accounts for approximately 2.2% of Palisade Asset Management LLC’s holdings, making the stock its 11th biggest holding. Palisade Asset Management LLC’s holdings in Deere & Company were worth $22,747,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Baxter Bros Inc. bought a new stake in Deere & Company during the 2nd quarter worth about $1,707,000. Global Retirement Partners LLC acquired a new stake in Deere & Company in the 2nd quarter valued at about $3,890,000. Nykredit A S bought a new position in shares of Deere & Company in the second quarter worth about $44,378,000. TRB Wealth Management LLC bought a new position in shares of Deere & Company in the second quarter worth about $623,000. Finally, NewEdge Advisors LLC raised its stake in shares of Deere & Company by 11.8% in the second quarter. NewEdge Advisors LLC now owns 43,459 shares of the industrial products company’s stock worth $27,567,000 after acquiring an additional 4,586 shares during the last quarter. 68.58% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

DE has been the topic of a number of research reports. Citigroup upped their target price on shares of Deere & Company from $610.00 to $650.00 and gave the stock a “neutral” rating in a research report on Friday, August 21st. Evercore raised shares of Deere & Company from an “in-line” rating to an “outperform” rating and set a $813.00 price target for the company in a report on Wednesday, September 2nd. 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. Seaport Research Partners set a $570.00 price objective on Deere & Company in a report on Friday, August 14th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and set a $752.00 price objective on shares of Deere & Company in a report on Monday, August 24th. Seventeen research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $688.10.

Deere & Company Stock Performance

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

Deere & Company (NYSE:DE) last issued its quarterly earnings data on Thursday, August 20th. The industrial products company reported $5.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.69 by $0.41. The firm had revenue of $12.61 billion during the quarter, compared to analysts’ expectations of $10.81 billion. Deere & Company had a net margin of 10.16% and a return on equity of 18.10%. The business’s revenue for the quarter was up 6.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $4.75 earnings per share. As a group, sell-side analysts forecast that Deere & Company will post 18.11 earnings per share 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 issued a $1.62 dividend. The ex-dividend date is Wednesday, September 30th. This represents a $6.48 annualized dividend and a yield of 1.0%. Deere & Company’s dividend payout ratio (DPR) is 36.00%.

Trending Headlines about Deere & Company

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 Company Profile