Global Strategic Investment Solutions LLC Takes Position in Deere & Company $DE

Global Strategic Investment Solutions LLC bought a new position in shares of Deere & Company (NYSE:DE) in the second quarter, Holdings Channel reports. The institutional investor bought 1,007 shares of the industrial products company’s stock, valued at approximately $639,000.

Several other large investors have also recently added to or reduced their stakes in the company. Anchyra Partners LLC raised its stake in shares of Deere & Company by 0.5% in the first quarter. Anchyra Partners LLC now owns 3,191 shares of the industrial products company’s stock valued at $1,797,000 after acquiring an additional 17 shares during the last quarter. William B. Walkup & Associates Inc. raised its position in Deere & Company by 0.6% in the 1st quarter. William B. Walkup & Associates Inc. now owns 2,908 shares of the industrial products company’s stock valued at $1,638,000 after purchasing an additional 17 shares during the last quarter. Advisortrust Partners LLC grew its holdings in shares of Deere & Company by 2.0% during the first quarter. Advisortrust Partners LLC now owns 914 shares of the industrial products company’s stock worth $515,000 after purchasing an additional 18 shares during the last quarter. Cerro Pacific Wealth Advisors LLC increased its stake in shares of Deere & Company by 0.6% in the fourth quarter. Cerro Pacific Wealth Advisors LLC now owns 3,179 shares of the industrial products company’s stock valued at $1,480,000 after buying an additional 19 shares in the last quarter. Finally, Hazlett Burt & Watson Inc. raised its holdings in shares of Deere & Company by 2.4% in the fourth quarter. Hazlett Burt & Watson Inc. now owns 816 shares of the industrial products company’s stock valued at $379,000 after buying an additional 19 shares during the last quarter. 68.58% of the stock is owned by institutional investors.

Key Deere & Company News

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

• Positive Sentiment: Analysts expect Deere’s upcoming quarter to show modest year-over-year growth, with projected earnings of approximately $4.79 per share and revenue of $10.78 billion. Estimates have generally moved higher, which could support the stock if Deere delivers or raises its outlook. Deere Earnings Loom As Precision Agriculture Narrative Keeps Fair Value In Focus
• Positive Sentiment: The precision-agriculture investment story remains a long-term potential catalyst. Deere’s technology and automation initiatives could improve productivity and support valuation if adoption accelerates. Are Wall Street Analysts Bullish on Deere & Company Stock?
• Neutral Sentiment: Deere is approaching its third-quarter earnings release with investor attention focused on revenue, margins, production levels and management’s outlook. The stock has generated strong longer-term returns, raising the bar for another positive surprise. Insights Into Deere Q3: Wall Street Projections for Key Metrics
• Negative Sentiment: Weak agricultural spending and elevated production costs could pressure Deere’s earnings and margins even if headline revenue and profit estimates improve. This makes the upcoming guidance particularly important for the share price. Deere Set to Report Q3 Earnings
• Negative Sentiment: JPMorgan cut its Deere price target to $570, signaling that the bank sees downside risk relative to recent trading levels. JPMorgan Cuts Deere Price Target
• Negative Sentiment: ARK Invest reportedly exited about $60 million of its Deere position while increasing investments in technology stocks. Although the sale does not change Deere’s fundamentals, it adds selling pressure and reinforces concerns about near-term investor preference for AI-oriented growth companies. ARK Invest Exits Deere Position

Analyst Ratings Changes

A number of equities research analysts have commented on the stock. Truist Financial increased their price objective on shares of Deere & Company from $759.00 to $812.00 and gave the stock a “buy” rating in a report on Thursday, July 2nd. DA Davidson reissued a “buy” rating and issued a $685.00 price target on shares of Deere & Company in a report on Friday, July 17th. Seaport Research Partners set a $570.00 price objective on shares of Deere & Company in a research report on Friday. 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, June 1st. Finally, Citigroup increased their price objective on Deere & Company from $575.00 to $610.00 and gave the company a “neutral” rating in a research report on Tuesday, July 14th. Fourteen analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $641.98.

Deere & Company Price Performance

DE opened at $589.18 on Wednesday. The company has a fifty day moving average price of $603.98 and a two-hundred day moving average price of $589.29. The firm has a market capitalization of $159.04 billion, a PE ratio of 33.38, a P/E/G ratio of 2.57 and a beta of 0.90. Deere & Company has a 52 week low of $433.00 and a 52 week high of $674.19. The company has a debt-to-equity ratio of 1.54, a quick ratio of 1.95 and a current ratio of 2.18.

Deere & Company (NYSE:DE) last posted its quarterly earnings results on Thursday, May 21st. The industrial products company reported $6.55 earnings per share (EPS) 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 business had revenue of $13.37 billion for the quarter, compared to analyst estimates of $11.55 billion. During the same period last year, the company earned $6.64 EPS. The firm’s revenue was up 5.4% on a year-over-year basis. As a group, analysts anticipate that Deere & Company will post 18.21 earnings per share for the current year.

Deere & Company Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, August 10th. Stockholders of record on Tuesday, June 30th were given a dividend of $1.62 per share. This represents a $6.48 annualized dividend and a dividend yield of 1.1%. The ex-dividend date was Tuesday, June 30th. Deere & Company’s payout ratio is presently 36.71%.

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.