Rathbones Group PLC Trims Stock Holdings in Deere & Company $DE

Rathbones Group PLC lowered its stake in Deere & Company (NYSE:DE) by 12.0% during the 1st quarter, Holdings Channel reports. The institutional investor owned 278,328 shares of the industrial products company’s stock after selling 38,065 shares during the quarter. Rathbones Group PLC’s holdings in Deere & Company were worth $156,782,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently made changes to their positions in DE. Key Capital Management INC purchased a new stake in Deere & Company in the 4th quarter worth approximately $27,000. Timmons Wealth Management LLC purchased a new position in Deere & Company during the fourth quarter valued at approximately $29,000. McIlrath & Eck LLC bought a new position in shares of Deere & Company in the fourth quarter worth approximately $30,000. Portus Wealth Advisors LLC bought a new position in shares of Deere & Company in the first quarter worth approximately $32,000. Finally, Wealth Watch Advisors INC purchased a new stake in shares of Deere & Company in the third quarter worth $32,000. 68.58% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently commented on DE shares. Royal Bank Of Canada restated an “outperform” rating and set a $752.00 price objective on shares of Deere & Company in a research report on Monday, June 1st. Robert W. Baird dropped their target price on shares of Deere & Company from $580.00 to $525.00 and set a “neutral” rating for the company in a report on Friday, May 22nd. Wall Street Zen upgraded Deere & Company from a “sell” rating to a “hold” rating in a research note on Sunday, July 5th. Oppenheimer reissued an “outperform” rating and set a $680.00 price target (down from $715.00) on shares of Deere & Company in a report on Wednesday, May 27th. Finally, JPMorgan Chase & Co. boosted their price objective on Deere & Company from $560.00 to $590.00 and gave the company a “neutral” rating in a research report on Thursday, June 4th. Fourteen investment analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $642.98.

Key Stories Impacting Deere & Company

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

• Positive Sentiment: New growth categories could support longer-term expansion. Deere is reportedly finding additional areas for growth beyond its traditional equipment markets, providing a potentially favorable strategic narrative for investors. Deere Stock: Buy, Hold, or Sell?
• Neutral Sentiment: Investors are comparing Deere’s valuation with Alamo Group. Recent value-focused analyses examine whether Deere (DE) or Alamo Group (ALG) offers the better opportunity in the farm-equipment sector. The coverage underscores that Deere remains a closely watched valuation decision, but provides no clear new catalyst by itself. ALG or DE: Which Is the Better Value Stock Right Now?
• Negative Sentiment: Labor negotiations remain a source of uncertainty. Deere and the United Auto Workers are still debating a proposed contract extension ahead of a union vote. Continued negotiations could raise concerns about labor costs, production disruptions, or operational visibility. Deere, UAW still debating contract extension proposal ahead of union vote
• Negative Sentiment: The right-to-repair settlement may increase compliance and support costs. Deere settled an antitrust case that expands farmers’ ability to repair equipment, potentially limiting some manufacturer-controlled service revenue and requiring changes to repair practices. Although the settlement removes litigation uncertainty, its financial and competitive effects may weigh on sentiment. Deere settled an antitrust case that expands farmers’ right to repair equipment
• Negative Sentiment: DE underperformed while the broader market improved. Deere’s recent decline appears partly driven by company-specific concerns rather than a broad market selloff, reinforcing investor focus on labor negotiations, regulatory developments, and valuation. Deere Stock Declines While Market Improves

Deere & Company Price Performance

Shares of NYSE:DE opened at $592.70 on Monday. The firm has a market cap of $159.99 billion, a price-to-earnings ratio of 33.58, a P/E/G ratio of 2.50 and a beta of 0.90. The firm has a fifty day moving average price of $591.56 and a 200 day moving average price of $581.29. Deere & Company has a fifty-two week low of $433.00 and a fifty-two week high of $674.19. The company has a debt-to-equity ratio of 1.54, a quick ratio of 1.95 and a current ratio of 2.18.

Deere & Company (NYSE:DE) last announced its quarterly earnings results on Thursday, May 21st. The industrial products company reported $6.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.70 by $0.85. The company had revenue of $13.37 billion for the quarter, compared to the consensus estimate of $11.55 billion. Deere & Company had a net margin of 10.09% and a return on equity of 18.25%. Deere & Company’s revenue for the quarter was up 5.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $6.64 EPS. As a group, sell-side analysts expect that Deere & Company will post 18.26 earnings per share for the current fiscal year.

Deere & Company Dividend Announcement

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

Deere & 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.