Commonwealth Equity Services LLC Sells 4,605 Shares of Deere & Company $DE

Commonwealth Equity Services LLC reduced its position in Deere & Company (NYSE:DE) by 3.2% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 139,989 shares of the industrial products company’s stock after selling 4,605 shares during the period. Commonwealth Equity Services LLC owned 0.05% of Deere & Company worth $94,010,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the business. BlackRock Inc. purchased a new stake in shares of Deere & Company during the second quarter worth about $11,763,504,000. Wellington Management Group LLP raised its position in shares of Deere & Company by 84.3% in the 2nd quarter. Wellington Management Group LLP now owns 3,088,628 shares of the industrial products company’s stock valued at $1,959,209,000 after purchasing an additional 1,412,694 shares during the last quarter. Bank of America Corp DE purchased a new position in shares of Deere & Company in the 2nd quarter valued at approximately $1,685,093,000. Bank of New York Mellon Corp acquired a new stake in Deere & Company in the 2nd quarter worth approximately $1,259,279,000. Finally, Legal & General Group Plc acquired a new stake in Deere & Company in the 2nd quarter worth approximately $957,456,000. 68.58% of the stock is owned by institutional investors and hedge funds.

Deere & Company News Roundup

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

• Positive Sentiment: Deere’s See & Spray technology was cited as an example of AI improving farm productivity; the system can reduce pesticide use by as much as 75%. That efficiency potential may support customer economics and demand for Deere’s precision-agriculture offerings. Are eBay and Deere stocks under-the-radar AI beneficiaries?
• Positive Sentiment: A Zacks article included Deere among AgriTech and food-innovation stocks, pointing to strategic investment, operational improvements, and growth opportunities as reasons it may suit investors seeking portfolio stability. 2 AgriTech and Food Innovation Stocks to Buy for a Stable Portfolio
• Neutral Sentiment: Recent coverage compares Deere with Kubota (KUBTY) for value investors but the provided summaries do not say which company comes out ahead. The comparison alone offers no clear new signal on Deere’s valuation. KUBTY vs. DE: Which Stock Should Value Investors Buy Now?
• Negative Sentiment: Deere plans to close two Iowa facilities and consolidate production, including moving small-planter production and shifting work to its Ankeny plant. The restructuring could improve efficiency over time, but closures and associated disruption may concern investors in the near term. John Deere Consolidates U.S. Plants, Will Close 2 Iowa Factories

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on DE shares. Seaport Research Partners set a $570.00 price objective on shares of Deere & Company in a report on Friday, August 14th. JPMorgan Chase & Co. lifted their price target on Deere & Company from $585.00 to $625.00 and gave the stock a “neutral” rating in a research report on Thursday, October 8th. UBS Group decreased their target price on Deere & Company from $732.00 to $728.00 and set a “buy” rating for the company in a report on Friday, August 21st. Evercore raised shares of Deere & Company from an “in-line” rating to an “outperform” rating and set a $813.00 price target for the company in a research report on Wednesday, September 2nd. Finally, Raymond James Financial lifted their price objective on shares of Deere & Company from $700.00 to $730.00 and gave the company an “outperform” rating in a research note on Monday, August 31st. Seventeen analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $688.10.

Deere & Company Stock Up 1.3%

DE opened at $671.99 on Friday. The company has a fifty day moving average of $667.02 and a two-hundred day moving average of $608.14. The stock has a market capitalization of $181.18 billion, a price-to-earnings ratio of 37.33, a PEG ratio of 1.89 and a beta of 0.89. Deere & Company has a fifty-two week low of $455.90 and a fifty-two week high of $721.22. The company has a debt-to-equity ratio of 1.45, a quick ratio of 1.89 and a current ratio of 2.10.

Deere & Company (NYSE:DE) last posted its earnings results on Thursday, August 20th. The industrial products company reported $5.10 EPS for the quarter, beating analysts’ consensus estimates of $4.69 by $0.41. Deere & Company had a return on equity of 18.10% and a net margin of 10.16%. The firm had revenue of $12.61 billion for the quarter, compared to analysts’ expectations of $10.81 billion. During the same period last year, the firm earned $4.75 EPS. The company’s quarterly revenue was up 6.2% on a year-over-year basis. On average, research analysts expect that Deere & Company will post 18.11 earnings per share for the current year.

Deere & Company Dividend Announcement

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

Deere & Company Company Profile