Summit Wealth Group LLC Co. Takes Position in Deere & Company $DE

Summit Wealth Group LLC Co. acquired a new stake in Deere & Company (NYSE:DE) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 942 shares of the industrial products company’s stock, valued at approximately $439,000.

A number of other hedge funds and other institutional investors have also modified their holdings of DE. M&T Bank Corp raised its holdings in shares of Deere & Company by 1,199.8% in the 4th quarter. M&T Bank Corp now owns 1,864,701 shares of the industrial products company’s stock valued at $868,149,000 after purchasing an additional 1,721,239 shares in the last quarter. Van ECK Associates Corp raised its stake in Deere & Company by 278.0% during the 3rd quarter. Van ECK Associates Corp now owns 487,697 shares of the industrial products company’s stock worth $223,005,000 after acquiring an additional 358,687 shares in the last quarter. Invesco Ltd. raised its stake in Deere & Company by 21.7% during the 3rd quarter. Invesco Ltd. now owns 1,815,007 shares of the industrial products company’s stock worth $829,930,000 after acquiring an additional 323,512 shares in the last quarter. Capital World Investors raised its stake in 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 acquiring an additional 322,582 shares in the last quarter. Finally, Two Sigma Investments LP acquired a new stake in Deere & Company during the 3rd quarter worth $143,519,000. 68.58% of the stock is currently owned by institutional investors and hedge funds.

Deere & Company Trading Down 1.3%

NYSE DE opened at $581.25 on Thursday. The company has a debt-to-equity ratio of 1.59, a quick ratio of 1.96 and a current ratio of 2.21. The firm has a market cap of $157.00 billion, a PE ratio of 32.77, a P/E/G ratio of 2.06 and a beta of 0.96. Deere & Company has a one year low of $433.00 and a one year high of $674.19. The firm’s fifty day moving average is $582.87 and its two-hundred day moving average is $536.13.

Deere & Company (NYSE:DE) last posted its quarterly earnings data on Thursday, February 19th. The industrial products company reported $2.42 EPS for the quarter, beating analysts’ consensus estimates of $1.90 by $0.52. The company had revenue of $9.61 billion for the quarter, compared to analyst estimates of $7.50 billion. Deere & Company had a net margin of 10.29% and a return on equity of 18.93%. Deere & Company’s quarterly revenue was up 17.5% on a year-over-year basis. During the same period in the previous year, the business posted $3.19 earnings per share. Analysts expect that Deere & Company will post 18.01 earnings per share for the current year.

Deere & Company Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 8th. Shareholders of record on Tuesday, March 31st were paid a $1.62 dividend. The ex-dividend date was Tuesday, March 31st. This represents a $6.48 dividend on an annualized basis and a yield of 1.1%. Deere & Company’s payout ratio is currently 36.53%.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on DE shares. Morgan Stanley lifted their price target on shares of Deere & Company from $560.00 to $730.00 and gave the stock an “overweight” rating in a research note on Monday, February 23rd. Oppenheimer reiterated an “outperform” rating and set a $715.00 price target on shares of Deere & Company in a research note on Friday, February 20th. Wolfe Research lifted their price target on shares of Deere & Company from $550.00 to $660.00 and gave the stock an “outperform” rating in a research note on Tuesday, March 31st. Wells Fargo & Company lifted their price target on shares of Deere & Company from $543.00 to $750.00 and gave the stock an “overweight” rating in a research note on Friday, February 20th. Finally, Sanford C. Bernstein lifted their price target on shares of Deere & Company from $521.00 to $615.00 and gave the stock a “market perform” rating in a research note on Friday, February 20th. Sixteen investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $655.45.

Key Deere & Company News

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

• Positive Sentiment: Analysts and market watchers continue to highlight Deere as one of the farm equipment names that could benefit from improving demand and increased investment in agricultural technology. 4 Farm Equipment Stocks Worth Watching Despite Industry Challenges
• Positive Sentiment: Deere is also being cited as a potential winner from stronger sentiment around U.S.-China trade headlines, with some traders viewing a Trump-Xi summit as a possible catalyst for agriculture-related stocks. Nvidia Chips, Boeing Jets: Stock Traders Eye Trump in China
• Neutral Sentiment: Deere is drawing renewed investor attention on stock screeners and search activity, which suggests the name remains on traders’ radar but does not point to a clear fundamental change. Deere & Company (DE) is Attracting Investor Attention: Here is What You Should Know
• Neutral Sentiment: Deere also got publicity for launching a John Deere-branded grooming line with Every Man Jack at Walmart, a brand-extension story that could support consumer awareness but is unlikely to materially affect near-term earnings. John Deere Tests Brand Reach With Every Man Jack Walmart Grooming Line
• Negative Sentiment: A Zacks note highlighted that Deere shares fell in the latest session even as the broader market rose, suggesting investors may be taking profits or rotating out of the stock despite the constructive longer-term setup. Deere (DE) Stock Falls Amid Market Uptick: What Investors Need to Know

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.