Equitable Holdings Inc. Acquires Shares of 10,585 Deere & Company $DE

Equitable Holdings Inc. purchased a new stake in shares of Deere & Company (NYSE:DE) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 10,585 shares of the industrial products company’s stock, valued at approximately $6,715,000.

A number of other institutional investors also recently bought and sold shares of DE. BlackRock Inc. bought a new position in shares of Deere & Company during the second quarter valued at approximately $11,763,504,000. Norges Bank bought a new stake in shares of Deere & Company in the 4th quarter worth approximately $1,715,633,000. Capital World Investors boosted its position in shares of Deere & Company by 53.9% in the 4th quarter. Capital World Investors now owns 9,592,004 shares of the industrial products company’s stock worth $4,465,906,000 after purchasing an additional 3,358,264 shares in the last quarter. Bank of America Corp DE purchased a new stake in shares of Deere & Company in the 2nd quarter worth approximately $1,685,093,000. Finally, Bank of New York Mellon Corp bought a new position in Deere & Company during the 2nd quarter valued at approximately $1,259,279,000. 68.58% of the stock is owned by institutional investors.

Deere & Company News Summary

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

• Positive Sentiment: Better-than-expected earnings and execution: Deere reported fiscal third-quarter earnings per share of $5.10, above the $4.69 analyst consensus, while revenue reached $12.61 billion versus expectations of $10.81 billion. Net income increased 7% year over year to $1.379 billion. Management cited strong factory output, disciplined cost control, favorable price realization, and steady construction and turf demand. Deere’s Q2 Earnings Call: Our Top 5 Analyst Questions
• Positive Sentiment: Construction and AI opportunities support diversification: Coverage highlighted growth in less traditional areas, including construction, where demand is benefiting from technology and infrastructure investment. Deere also entered a $10 million, three-year R&D partnership with Reservoir to accelerate rugged artificial-intelligence applications for high-value crop agriculture. Deere quarterly profits and construction growth Reservoir AI partnership with John Deere
• Positive Sentiment: Analyst support and shareholder return: DA Davidson raised its price target to $760, while RBC reaffirmed an “Outperform” rating. Deere also declared a quarterly dividend of $1.62 per share, payable November 9 to shareholders of record September 30. DA Davidson raises Deere price target RBC reaffirms Deere Outperform rating Deere quarterly dividend announcement
• Neutral Sentiment: Mixed segment picture: The earnings commentary suggests Deere’s diversified businesses, particularly construction and turf, are offsetting softer conditions in its largest agriculture-related division. Investors may therefore remain focused on the durability of farm-equipment demand and the company’s outlook.
• Negative Sentiment: Valuation leaves less room for disappointment: With the shares trading at roughly 35 times earnings, investors may be taking profits or showing caution despite the earnings beat, particularly if agricultural weakness persists or growth in newer businesses takes longer to scale.

Analyst Ratings Changes

A number of analysts have recently issued reports on DE shares. Seaport Research Partners set a $570.00 price target on shares of Deere & Company in a report on Friday, August 14th. JPMorgan Chase & Co. increased their price target on Deere & Company from $570.00 to $585.00 and gave the company a “neutral” rating in a report on Friday, August 21st. Royal Bank Of Canada restated an “outperform” rating and issued a $752.00 price target on shares of Deere & Company in a research note on Monday. DA Davidson boosted their price objective on shares of Deere & Company from $685.00 to $760.00 and gave the company a “buy” rating in a research report on Monday. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Deere & Company in a research note on Tuesday, August 18th. Fourteen equities research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $653.48.

Deere & Company Stock Down 1.9%

DE opened at $622.67 on Friday. 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 has a fifty-two week low of $433.00 and a fifty-two week high of $674.19. The firm’s fifty day moving average is $610.78 and its 200 day moving average is $593.08. The stock has a market cap of $168.08 billion, a price-to-earnings ratio of 34.59, a price-to-earnings-growth ratio of 2.62 and a beta of 0.90.

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 the consensus estimate of $4.69 by $0.41. Deere & Company had a net margin of 10.16% and a return on equity of 18.10%. The company had revenue of $12.61 billion during the quarter, compared to the consensus estimate of $10.81 billion. During the same quarter in the prior year, the firm posted $4.75 EPS. Deere & Company’s quarterly revenue was up 6.2% compared to the same quarter last year. On average, sell-side analysts forecast that Deere & Company will post 18.09 earnings per share for the current fiscal 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 paid a $1.62 dividend. The ex-dividend date of this dividend is Wednesday, September 30th. This represents a $6.48 dividend on an annualized basis and a dividend yield of 1.0%. Deere & Company’s dividend payout ratio is 36.00%.

About Deere & Company

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.