Rathbones Group PLC Has $147.30 Million Stock Position in Deere & Company $DE

Rathbones Group PLC lifted its holdings in shares of Deere & Company (NYSE:DE) by 1.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 316,393 shares of the industrial products company’s stock after purchasing an additional 5,754 shares during the quarter. Rathbones Group PLC’s holdings in Deere & Company were worth $147,303,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the business. Vanguard Group Inc. increased its stake in shares of Deere & Company by 0.9% during the 4th quarter. Vanguard Group Inc. now owns 22,583,185 shares of the industrial products company’s stock worth $10,514,053,000 after purchasing an additional 198,332 shares during the last quarter. Capital World Investors increased its stake in shares of Deere & Company by 5.5% during the 3rd quarter. Capital World Investors now owns 6,233,740 shares of the industrial products company’s stock worth $2,850,687,000 after purchasing an additional 322,582 shares during the last quarter. Fisher Asset Management LLC increased its stake in shares of Deere & Company by 5.5% during the 3rd quarter. Fisher Asset Management LLC now owns 2,722,018 shares of the industrial products company’s stock worth $1,244,670,000 after purchasing an additional 141,790 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its stake in shares of Deere & Company by 1,725.8% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 2,003,715 shares of the industrial products company’s stock worth $932,870,000 after purchasing an additional 1,893,972 shares during the last quarter. Finally, M&T Bank Corp increased its stake in shares of Deere & Company by 1,199.8% during the 4th quarter. M&T Bank Corp now owns 1,864,701 shares of the industrial products company’s stock worth $868,149,000 after purchasing an additional 1,721,239 shares during the last quarter. Institutional investors and hedge funds own 68.58% of the company’s stock.

Deere & Company Price Performance

NYSE DE opened at $561.14 on Thursday. The company has a current ratio of 2.21, a quick ratio of 1.96 and a debt-to-equity ratio of 1.59. 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 market cap of $151.57 billion, a P/E ratio of 31.63, a P/E/G 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.

Deere & Company (NYSE:DE) last posted its quarterly earnings data on Thursday, February 19th. The industrial products company reported $2.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.90 by $0.52. Deere & Company had a net margin of 10.29% and a return on equity of 18.93%. The business had revenue of $9.61 billion during the quarter, compared to the consensus estimate of $7.50 billion. During the same period in the prior year, the firm earned $3.19 EPS. Deere & Company’s quarterly revenue was up 17.5% compared to the same quarter last year. On average, sell-side analysts predict that Deere & Company will post 18.01 EPS for the current year.

Deere & Company Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 8th. Shareholders of record on Tuesday, March 31st were issued 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 is 36.53%.

Deere & Company News Summary

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

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the stock. Oppenheimer restated an “outperform” rating and set a $715.00 price target on shares of Deere & Company in a research note on Friday, February 20th. Barclays increased their price target on shares of Deere & Company from $530.00 to $640.00 and gave the stock an “overweight” rating in a research note on Tuesday, March 31st. Wall Street Zen raised shares of Deere & Company from a “sell” rating to a “hold” rating in a report on Saturday, February 7th. Truist Financial upped their price objective on shares of Deere & Company from $612.00 to $793.00 and gave the stock a “buy” rating in a report on Friday, February 20th. Finally, Robert W. Baird decreased their price objective on shares of Deere & Company from $675.00 to $580.00 and set a “neutral” rating for the company in a report on Thursday, April 2nd. Fifteen equities research 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, Deere & Company currently has an average rating of “Moderate Buy” and a consensus target price of $655.45.

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.