Puzo Michael J Takes $641,000 Position in Deere & Company $DE

Puzo Michael J purchased a new stake in Deere & Company (NYSE:DE) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 1,010 shares of the industrial products company’s stock, valued at approximately $641,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Quartz Partners LLC purchased a new position in Deere & Company during the 2nd quarter worth approximately $213,000. MidAtlantic Capital Management Inc. acquired a new stake in Deere & Company during the 2nd quarter valued at $571,000. Frazier Financial Advisors LLC purchased a new stake in shares of Deere & Company in the second quarter valued at $171,000. Northcape Wealth Management LLC purchased a new stake in shares of Deere & Company in the second quarter valued at $4,083,000. Finally, Edmond DE Rothschild Holding S.A. acquired a new stake in shares of Deere & Company in the second quarter worth $5,559,000. Institutional investors and hedge funds own 68.58% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on DE. Weiss Ratings reiterated a “hold (c+)” rating on shares of Deere & Company in a report on Tuesday. DA Davidson reissued a “buy” rating and issued a $685.00 price objective on shares of Deere & Company in a research note on Friday, July 17th. Wall Street Zen upgraded Deere & Company from a “sell” rating to a “hold” rating in a research report on Sunday, July 5th. Citigroup lifted their target price on Deere & Company from $575.00 to $610.00 and gave the company a “neutral” rating in a research note on Tuesday, July 14th. Finally, JPMorgan Chase & Co. dropped their target price on Deere & Company from $590.00 to $570.00 and set a “neutral” rating on the stock in a report on Friday, August 14th. Fourteen equities research 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, the company has a consensus rating of “Moderate Buy” and an average price target of $641.98.

Deere & Company Trading Down 1.5%

Deere & Company stock opened at $580.06 on Thursday. The company’s fifty day simple moving average is $604.36 and its 200-day simple moving average is $589.65. The company has a quick ratio of 1.95, a current ratio of 2.18 and a debt-to-equity ratio of 1.54. Deere & Company has a 12 month low of $433.00 and a 12 month high of $674.19. The stock has a market cap of $156.58 billion, a P/E ratio of 32.86, a P/E/G ratio of 2.49 and a beta of 0.90.

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, topping analysts’ consensus estimates of $4.71 by $0.39. Deere & Company had a net margin of 10.09% and a return on equity of 18.25%. The business had revenue of $12.61 billion for the quarter, compared to the consensus estimate of $10.81 billion. As a group, sell-side analysts forecast that Deere & Company will post 18.21 EPS for the current fiscal year.

Deere & Company Dividend Announcement

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

Key Headlines Impacting Deere & Company

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

• Positive Sentiment: Analysts expect Deere to report approximately $4.70–$4.79 in earnings per share and about $10.73–$10.78 billion in revenue. Although revenue would be below the prior-year quarter, the estimates have reportedly moved higher ahead of the release, creating potential for a positive reaction if Deere beats expectations. Deere Set to Report Q3 Earnings
• Positive Sentiment: Investors are watching whether Deere’s precision-agriculture technology and exposure to data-center-related infrastructure can support growth beyond traditional farm machinery. Evidence of resilient technology demand or stronger margins could reinforce the company’s longer-term investment narrative. Deere Q3 Preview
• Neutral Sentiment: The earnings announcement is the immediate catalyst, with investors focused on management’s outlook for agriculture, construction equipment, inventories and full-year profitability. Analysts remain mixed, including JPMorgan’s Neutral rating, suggesting expectations are not uniformly bullish. Deere Dividends Ahead of Q3 Earnings
• Negative Sentiment: Consensus revenue of roughly $10.73 billion would decline from $12.02 billion a year earlier, reflecting pressure in the farming sector. Weak farm spending and elevated production costs could weigh on margins and make it harder for Deere to deliver a strong outlook. Deere Earnings and Precision Agriculture

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.