Deere & Company $DE Shares Purchased by Cullinan Associates Inc.

Cullinan Associates Inc. raised its holdings in Deere & Company (NYSE:DE) by 4.6% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 20,478 shares of the industrial products company’s stock after acquiring an additional 902 shares during the quarter. Deere & Company accounts for 1.0% of Cullinan Associates Inc.’s investment portfolio, making the stock its 23rd biggest holding. Cullinan Associates Inc.’s holdings in Deere & Company were worth $13,752,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently modified their holdings of DE. SHEPHERD WEALTH MANAGEMENT Ltd LIABILITY Co grew its position in shares of Deere & Company by 3.2% during the 2nd quarter. SHEPHERD WEALTH MANAGEMENT Ltd LIABILITY Co now owns 516 shares of the industrial products company’s stock worth $308,000 after buying an additional 16 shares during the period. Concorde Asset Management LLC lifted its position in shares of Deere & Company by 3.0% during the 2nd quarter. Concorde Asset Management LLC now owns 581 shares of the industrial products company’s stock valued at $369,000 after acquiring an additional 17 shares during the period. MCF Advisors LLC lifted its position in shares of Deere & Company by 0.9% during the 2nd quarter. MCF Advisors LLC now owns 1,999 shares of the industrial products company’s stock valued at $1,271,000 after acquiring an additional 17 shares during the period. XY Planning Network Inc. lifted its position in shares of Deere & Company by 2.3% during the 3rd quarter. XY Planning Network Inc. now owns 765 shares of the industrial products company’s stock valued at $514,000 after acquiring an additional 17 shares during the period. Finally, CRA Financial Services LLC boosted its stake in Deere & Company by 1.4% during the third quarter. CRA Financial Services LLC now owns 1,224 shares of the industrial products company’s stock worth $822,000 after acquiring an additional 17 shares in the last quarter. 68.58% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. Truist Financial cut their target price on shares of Deere & Company from $812.00 to $804.00 and set a “buy” rating on the stock in a research note on Monday, August 24th. Barclays lifted their price target on shares of Deere & Company from $640.00 to $675.00 and gave the company an “overweight” rating in a research note on Monday, August 24th. UBS Group dropped their price objective on shares of Deere & Company from $732.00 to $728.00 and set a “buy” rating on the stock in a report on Friday, August 21st. Citigroup increased their price objective on shares of Deere & Company from $610.00 to $650.00 and gave the stock a “neutral” rating in a research report on Friday, August 21st. Finally, DA Davidson increased their price objective on shares of Deere & Company from $685.00 to $760.00 and gave the stock a “buy” rating in a research report on Monday, August 24th. Seventeen equities research 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, Deere & Company presently has an average rating of “Moderate Buy” and a consensus price target of $688.10.

More Deere & Company News

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

Deere & Company Trading Up 1.3%

NYSE DE opened at $671.99 on Friday. The company has a market cap of $181.18 billion, a price-to-earnings ratio of 37.33, a P/E/G ratio of 1.90 and a beta of 0.89. Deere & Company has a 52 week low of $455.90 and a 52 week high of $721.22. The business has a 50 day moving average price of $667.02 and a 200-day moving average price of $608.14. 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 (NYSE:DE) last issued its earnings results on Thursday, August 20th. The industrial products company reported $5.10 earnings per share for the quarter, topping analysts’ consensus estimates of $4.69 by $0.41. Deere & Company had a return on equity of 18.10% and a net margin of 10.16%. The company had revenue of $12.61 billion for the quarter, compared to analyst estimates of $10.81 billion. During the same period in the prior year, the firm earned $4.75 earnings per share. Deere & Company’s revenue for the quarter was up 6.2% on a year-over-year basis. As a group, equities analysts expect that Deere & Company will post 18.11 earnings per share for the current fiscal year.

Deere & Company Announces Dividend

The firm also recently declared 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 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date is Wednesday, September 30th. Deere & Company’s payout ratio is 36.00%.

Deere & Company Profile