Financiere des Professionnels Fonds d investissement inc. Purchases New Shares in Deere & Company $DE

Financiere des Professionnels Fonds d investissement inc. acquired a new position in Deere & Company (NYSE:DE) during the first quarter, according to the company in its most recent filing with the SEC. The fund acquired 19,107 shares of the industrial products company’s stock, valued at approximately $10,763,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in DE. Anchyra Partners LLC grew its stake in shares of Deere & Company by 0.5% during the first quarter. Anchyra Partners LLC now owns 3,191 shares of the industrial products company’s stock valued at $1,797,000 after acquiring an additional 17 shares in the last quarter. William B. Walkup & Associates Inc. lifted its stake in shares of Deere & Company by 0.6% in the first quarter. William B. Walkup & Associates Inc. now owns 2,908 shares of the industrial products company’s stock worth $1,638,000 after acquiring an additional 17 shares in the last quarter. Cerro Pacific Wealth Advisors LLC lifted its stake in shares of Deere & Company by 0.6% in the fourth quarter. Cerro Pacific Wealth Advisors LLC now owns 3,179 shares of the industrial products company’s stock worth $1,480,000 after acquiring an additional 19 shares in the last quarter. Hazlett Burt & Watson Inc. boosted its holdings in Deere & Company by 2.4% in the fourth quarter. Hazlett Burt & Watson Inc. now owns 816 shares of the industrial products company’s stock valued at $379,000 after purchasing an additional 19 shares during the last quarter. Finally, Root Financial Partners LLC boosted its holdings in Deere & Company by 2.2% in the fourth quarter. Root Financial Partners LLC now owns 880 shares of the industrial products company’s stock valued at $410,000 after purchasing an additional 19 shares during the last quarter. 68.58% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

DE has been the topic of several analyst reports. DA Davidson dropped their price objective on Deere & Company from $775.00 to $685.00 and set a “buy” rating on the stock in a report on Friday, May 22nd. Truist Financial increased their target price on Deere & Company from $759.00 to $812.00 and gave the company a “buy” rating in a research note on Thursday, July 2nd. Robert W. Baird decreased their price target on shares of Deere & Company from $580.00 to $525.00 and set a “neutral” rating for the company in a research report on Friday, May 22nd. Raymond James Financial dropped their price target on shares of Deere & Company from $765.00 to $700.00 and set an “outperform” rating for the company in a research note on Friday, May 22nd. Finally, Citigroup upped their price target on shares of Deere & Company from $575.00 to $610.00 and gave the company a “neutral” rating in a report on Tuesday. Fourteen analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $642.98.

Deere & Company Price Performance

Shares of NYSE:DE opened at $598.56 on Friday. The firm’s 50 day moving average is $582.10 and its two-hundred day moving average is $571.13. The firm has a market capitalization of $161.58 billion, a P/E ratio of 33.91, a PEG ratio of 2.18 and a beta of 0.89. The company has a current ratio of 2.18, a quick ratio of 1.95 and a debt-to-equity ratio of 1.54. Deere & Company has a 52 week low of $433.00 and a 52 week high of $674.19.

Deere & Company (NYSE:DE) last issued its quarterly earnings data on Thursday, May 21st. The industrial products company reported $6.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.70 by $0.85. Deere & Company had a return on equity of 18.25% and a net margin of 10.09%.The business had revenue of $13.37 billion during the quarter, compared to the consensus estimate of $11.55 billion. During the same period in the previous year, the firm posted $6.64 earnings per share. The business’s revenue was up 5.4% on a year-over-year basis. Analysts anticipate that Deere & Company will post 18.13 earnings per share for the current year.

Deere & Company Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, August 10th. Shareholders of record on Tuesday, June 30th will be paid a dividend of $1.62 per share. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $6.48 annualized dividend and a yield of 1.1%. Deere & Company’s payout ratio is presently 36.71%.

Deere & Company News Summary

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

• Positive Sentiment: Deere settled its FTC right-to-repair lawsuit, paving the way for broader repair access and potentially stronger customer service relationships. Will Deere Benefit From Settling Its FTC Right-to-Repair Dispute?
• Positive Sentiment: Another report highlighted Deere as a stock to watch in the agriculture equipment sector, reinforcing investor attention on the name. Promising Agriculture Stocks To Watch Today – July 13th
• Neutral Sentiment: Analyst-style comparisons versus Alamo Group focused on valuation rather than any new operating development for Deere. ALG vs. DE: Which Stock Is the Better Value Option?
• Neutral Sentiment: An agricultural machinery components industry report mentioned Deere among major players and cited themes like repair access and precision farming, but it did not include Deere-specific financial news. Agricultural Machinery Components Market Report Published, Profiles Deere, CNH Industrial, AGCO, Kubota, and 11 Other Companies

Deere & Company 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.