Centaurus Financial Inc. Takes Position in Deere & Company $DE

Centaurus Financial Inc. acquired a new stake in Deere & Company (NYSE:DE) in the 2nd quarter, HoldingsChannel.com reports. The fund acquired 2,498 shares of the industrial products company’s stock, valued at approximately $1,585,000.

A number of other hedge funds have also recently bought and sold shares of DE. Coastal Bridge Advisors LLC bought a new stake in Deere & Company in the second quarter worth about $463,000. Jefferies Financial Group Inc. bought a new position in shares of Deere & Company during the 2nd quarter valued at about $7,040,000. Public Employees Retirement System of Ohio bought a new position in shares of Deere & Company during the 2nd quarter valued at about $59,009,000. MASTERINVEST Kapitalanlage GmbH acquired a new position in shares of Deere & Company in the 2nd quarter worth approximately $6,124,000. Finally, Proficio Capital Partners LLC bought a new stake in shares of Deere & Company in the 2nd quarter worth approximately $1,038,000. 68.58% of the stock is owned by institutional investors and hedge funds.

Deere & Company Stock Performance

Shares of Deere & Company stock opened at $622.67 on Friday. The stock has a market cap of $168.08 billion, a PE ratio of 34.59, a price-to-earnings-growth ratio of 2.62 and a beta of 0.90. The business has a fifty day simple moving average of $610.78 and a 200-day simple moving average of $593.08. The company has a quick ratio of 1.89, a current ratio of 2.10 and a debt-to-equity ratio of 1.45. Deere & Company has a 12 month low of $433.00 and a 12 month high of $674.19.

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 for the quarter, compared to analyst estimates of $10.81 billion. Deere & Company had a return on equity of 18.10% and a net margin of 10.16%.Deere & Company’s quarterly revenue was up 6.2% on a year-over-year basis. During the same period in the previous year, the firm earned $4.75 earnings per share. On average, sell-side analysts anticipate that Deere & Company will post 18.09 EPS for the current fiscal year.

Deere & Company Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, November 9th. Shareholders of record on Wednesday, September 30th will be paid a dividend of $1.62 per share. This represents a $6.48 annualized dividend and a yield of 1.0%. The ex-dividend date of this dividend is Wednesday, September 30th. Deere & Company’s payout ratio is 36.00%.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on DE. JPMorgan Chase & Co. raised their price objective on Deere & Company from $570.00 to $585.00 and gave the stock a “neutral” rating in a research note on Friday, August 21st. Oppenheimer upped their target price on Deere & Company from $680.00 to $685.00 and gave the company an “outperform” rating in a report on Thursday, August 20th. Bank of America decreased their price target on Deere & Company from $672.00 to $607.50 and set a “neutral” rating for the company in a research report on Friday, May 22nd. Seaport Research Partners set a $570.00 price target on Deere & Company in a research note on Friday, August 14th. Finally, Robert W. Baird boosted their price objective on Deere & Company from $525.00 to $640.00 and gave the stock a “neutral” rating in a report on Friday, August 21st. Fourteen analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $653.48.

Deere & Company News Summary

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.