Assetmark Inc. Purchases 7,488 Shares of Deere & Company $DE

Assetmark Inc. lifted its holdings in shares of Deere & Company (NYSE:DE) by 23.3% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 39,640 shares of the industrial products company’s stock after acquiring an additional 7,488 shares during the quarter. Assetmark Inc.’s holdings in Deere & Company were worth $22,329,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in DE. Portus Wealth Advisors LLC purchased a new stake in Deere & Company during the first quarter valued at about $32,000. Key Capital Management INC purchased a new position in shares of Deere & Company in the 4th quarter worth about $27,000. Timmons Wealth Management LLC bought a new position in shares of Deere & Company during the 4th quarter valued at $29,000. McIlrath & Eck LLC bought a new position in Deere & Company during the 4th quarter worth approximately $30,000. Finally, Wealth Watch Advisors INC purchased a new position in shares of Deere & Company in the third quarter valued at about $32,000. Institutional investors own 68.58% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on DE shares. Robert W. Baird decreased their target price on Deere & Company from $580.00 to $525.00 and set a “neutral” rating for the company in a research report on Friday, May 22nd. Truist Financial upped their price objective on Deere & Company from $759.00 to $812.00 and gave the company a “buy” rating in a research report on Thursday, July 2nd. Weiss Ratings upgraded shares of Deere & Company from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, May 21st. Oppenheimer reaffirmed an “outperform” rating and issued a $680.00 target price (down from $715.00) on shares of Deere & Company in a report on Wednesday, May 27th. Finally, Jefferies Financial Group upgraded shares of Deere & Company from an “underperform” rating to a “hold” rating and set a $550.00 price target on the stock in a report on Wednesday, April 8th. Fourteen investment analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $642.98.

Deere & Company News Roundup

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

• Positive Sentiment: DA Davidson reiterated a buy rating on Deere & Company and lifted its price target to $685, signaling continued analyst confidence in upside potential. Benzinga
• Neutral Sentiment: Deere was highlighted in broader agriculture and industrial stock roundups, keeping investor attention on the company as a key name in the farm equipment sector. Best Agriculture Stocks To Watch Now – July 14th
• Neutral Sentiment: Erste Group Bank slightly lowered its FY2027 EPS forecast for Deere, which is a minor cautionary note but not a major change to longer-term earnings expectations. MarketBeat report on Deere EPS estimate cut
• Negative Sentiment: Deere also remains tied to a broader industrial-sector backdrop that has lagged the market recently, which can weigh on sentiment toward cyclical names. 1 Industrials Stock to Target This Week and 2 We Find Risky

Deere & Company Trading Down 0.2%

NYSE:DE opened at $597.56 on Friday. The firm has a 50-day simple moving average of $582.55 and a 200-day simple moving average of $571.31. Deere & Company has a one year low of $433.00 and a one year high of $674.19. The firm has a market cap of $161.31 billion, a P/E ratio of 33.86, a P/E/G ratio of 2.21 and a beta of 0.89. 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 posted its quarterly earnings data on Thursday, May 21st. The industrial products company reported $6.55 EPS for the quarter, topping the consensus estimate of $5.70 by $0.85. Deere & Company had a net margin of 10.09% and a return on equity of 18.25%. The firm had revenue of $13.37 billion during the quarter, compared to analyst estimates of $11.55 billion. During the same quarter in the previous year, the business posted $6.64 EPS. Deere & Company’s revenue was up 5.4% on a year-over-year basis. Equities analysts anticipate that Deere & Company will post 18.13 EPS for the current fiscal year.

Deere & Company Announces Dividend

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

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.