Deere & Company $DE Shares Bought by Candriam S.C.A.

Candriam S.C.A. boosted its stake in shares of Deere & Company (NYSE:DE) by 24.8% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 76,401 shares of the industrial products company’s stock after purchasing an additional 15,167 shares during the period. Candriam S.C.A.’s holdings in Deere & Company were worth $51,495,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. BlackRock Inc. acquired a new position in shares of Deere & Company in the 2nd quarter valued at about $11,763,504,000. Bank of America Corp DE purchased a new stake in shares of Deere & Company in the second quarter worth about $1,685,093,000. Bank of New York Mellon Corp acquired a new stake in Deere & Company during the second quarter worth about $1,259,279,000. Legal & General Group Plc acquired a new stake in Deere & Company during the second quarter worth about $957,456,000. Finally, Wellington Management Group LLP grew its holdings in Deere & Company by 84.3% during the second quarter. Wellington Management Group LLP now owns 3,088,628 shares of the industrial products company’s stock worth $1,959,209,000 after acquiring an additional 1,412,694 shares during the period. Hedge funds and other institutional investors own 68.58% of the company’s stock.

Wall Street Analyst Weigh In

DE has been the subject of several recent research reports. Weiss Ratings upgraded Deere & Company from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, September 21st. Wall Street Zen lowered Deere & Company from a “hold” rating to a “sell” rating in a research report on Saturday, August 22nd. Raymond James Financial upped their price objective on Deere & Company from $700.00 to $730.00 and gave the stock an “outperform” rating in a research report on Monday, August 31st. Robert W. Baird raised shares of Deere & Company from a “neutral” rating to an “outperform” rating and raised their price objective for the stock from $640.00 to $800.00 in a research note on Monday, August 31st. Finally, Oppenheimer lifted their target price on shares of Deere & Company from $680.00 to $685.00 and gave the company an “outperform” rating in a report on Thursday, August 20th. Seventeen research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company’s stock. According to MarketBeat, Deere & Company currently has a consensus rating of “Moderate Buy” and a consensus price target of $688.10.

Trending Headlines about Deere & Company

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%

DE stock opened at $671.99 on Friday. The company’s 50-day simple moving average is $667.02 and its 200-day simple moving average is $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 has a 52-week low of $455.90 and a 52-week high of $721.22. The firm has a market cap of $181.18 billion, a P/E ratio of 37.33, a PEG ratio of 1.90 and a beta of 0.89.

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. As a group, equities analysts forecast that Deere & Company will post 18.11 EPS for the current fiscal year.

Deere & Company Dividend Announcement

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 given a dividend of $1.62 per share. The ex-dividend date is Wednesday, September 30th. This represents a $6.48 dividend on an annualized basis and a yield of 1.0%. Deere & Company’s dividend payout ratio is currently 36.00%.

Deere & Company Profile