Deere & Company (NYSE:DE) Lowered to “Strong Sell” Rating by Zacks Research

Zacks Research downgraded shares of Deere & Company (NYSE:DE) from a hold rating to a strong sell rating in a research note issued to investors on Monday morning,Zacks.com reports. Zacks Research also issued estimates for Deere & Company’s Q4 2026 earnings at $4.78 EPS.

Several other research firms have also recently issued reports on DE. Robert W. Baird cut their price target on shares of Deere & Company from $488.00 to $467.00 and set a “neutral” rating for the company in a report on Monday, October 13th. Oppenheimer cut their price target on shares of Deere & Company from $566.00 to $512.00 and set an “outperform” rating for the company in a report on Thursday, September 18th. UBS Group set a $535.00 price target on shares of Deere & Company and gave the stock a “buy” rating in a report on Friday. Wall Street Zen raised shares of Deere & Company from a “sell” rating to a “hold” rating in a report on Saturday, October 4th. Finally, Citigroup dropped their target price on shares of Deere & Company from $525.00 to $515.00 and set a “neutral” rating for the company in a report on Tuesday, October 7th. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $517.35.

Deere & Company Price Performance

Shares of NYSE:DE opened at $460.01 on Monday. The company has a 50-day simple moving average of $471.43 and a 200-day simple moving average of $487.92. Deere & Company has a one year low of $387.03 and a one year high of $533.78. The company has a debt-to-equity ratio of 1.76, a quick ratio of 1.98 and a current ratio of 2.19. The stock has a market capitalization of $124.35 billion, a price-to-earnings ratio of 24.05, a PEG ratio of 2.97 and a beta of 1.02.

Deere & Company (NYSE:DE) last posted its quarterly earnings results on Thursday, August 14th. The industrial products company reported $4.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.62 by $0.13. The firm had revenue of $10.36 billion during the quarter, compared to analysts’ expectations of $10.33 billion. Deere & Company had a net margin of 11.72% and a return on equity of 21.97%. The firm’s revenue for the quarter was down 9.0% on a year-over-year basis. During the same period in the prior year, the company posted $6.29 earnings per share. On average, analysts predict that Deere & Company will post 19.32 EPS for the current year.

Deere & Company Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 10th. Stockholders of record on Tuesday, September 30th will be given a $1.62 dividend. The ex-dividend date is Tuesday, September 30th. This represents a $6.48 annualized dividend and a dividend yield of 1.4%. Deere & Company’s dividend payout ratio is currently 33.87%.

Institutional Trading of Deere & Company

Large investors have recently modified their holdings of the business. Mid American Wealth Advisory Group Inc. acquired a new stake in shares of Deere & Company in the second quarter valued at approximately $25,000. Activest Wealth Management grew its position in shares of Deere & Company by 2,750.0% in the first quarter. Activest Wealth Management now owns 57 shares of the industrial products company’s stock valued at $27,000 after purchasing an additional 55 shares during the last quarter. Howard Hughes Medical Institute acquired a new stake in Deere & Company during the second quarter worth approximately $27,000. Hughes Financial Services LLC acquired a new stake in Deere & Company during the first quarter worth approximately $29,000. Finally, Cornerstone Planning Group LLC boosted its position in Deere & Company by 116.1% during the first quarter. Cornerstone Planning Group LLC now owns 67 shares of the industrial products company’s stock worth $31,000 after acquiring an additional 36 shares during the last quarter. 68.58% of the stock is currently owned by institutional investors and hedge funds.

Deere & Company Company Profile

Deere & Co engages in the manufacture and distribution of equipment used in agriculture, construction, forestry, and turf care. It operates through the following segments: Agriculture and Turf, Construction and Forestry, and Financial Services. The Agriculture and Turf segment focuses on the distribution and manufacture of a full line of agriculture and turf equipment and related service parts.