Mizuho Securities USA LLC Sells 3,835 Shares of Deere & Company (NYSE:DE)

Market Beat
2025.08.10 11:55
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Mizuho Securities USA LLC reduced its stake in Deere & Company (NYSE:DE) by 15.9% in Q1, selling 3,835 shares, leaving it with 20,281 shares valued at $9.52 million. Other institutional investors have also adjusted their positions, with GAMMA Investing LLC significantly increasing its stake. Analysts have mixed ratings on Deere, with an average rating of "Hold" and a price target of $523.93. The stock opened at $510.57, with a market cap of $138.28 billion and a recent EPS of $6.64, exceeding estimates.

Mizuho Securities USA LLC trimmed its position in Deere & Company (NYSE:DE - Free Report) by 15.9% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 20,281 shares of the industrial products company's stock after selling 3,835 shares during the period. Mizuho Securities USA LLC's holdings in Deere & Company were worth $9,519,000 as of its most recent SEC filing.

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Other institutional investors and hedge funds have also bought and sold shares of the company. GAMMA Investing LLC lifted its position in shares of Deere & Company by 61,215.9% during the 1st quarter. GAMMA Investing LLC now owns 1,753,022 shares of the industrial products company's stock valued at $822,781,000 after buying an additional 1,750,163 shares in the last quarter. Castlekeep Investment Advisors LLC purchased a new stake in shares of Deere & Company in the fourth quarter worth $541,437,000. Price T Rowe Associates Inc. MD increased its stake in shares of Deere & Company by 19.9% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 6,589,760 shares of the industrial products company's stock worth $2,792,082,000 after purchasing an additional 1,095,736 shares in the last quarter. Leigh Baldwin & CO. LLC purchased a new stake in shares of Deere & Company in the fourth quarter worth $255,686,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in shares of Deere & Company in the fourth quarter worth $149,057,000. 68.58% of the stock is owned by hedge funds and other institutional investors.

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Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on DE. Wall Street Zen cut shares of Deere & Company from a "hold" rating to a "sell" rating in a research note on Friday, May 30th. Melius Research raised shares of Deere & Company from a "hold" rating to a "strong-buy" rating in a research note on Friday, June 6th. Truist Financial increased their price objective on shares of Deere & Company from $546.00 to $619.00 and gave the stock a "buy" rating in a research note on Friday, May 16th. Bank of America boosted their price target on Deere & Company from $495.00 to $556.00 and gave the stock a "neutral" rating in a report on Friday, May 16th. Finally, DA Davidson reissued a "buy" rating and issued a $542.00 price target on shares of Deere & Company in a report on Friday, May 16th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $523.93.

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Check Out Our Latest Stock Analysis on Deere & Company

Deere & Company Stock Performance

Shares of Deere & Company stock opened at $510.57 on Friday. The stock's fifty day moving average is $512.47 and its two-hundred day moving average is $489.08. The company has a market capitalization of $138.28 billion, a PE ratio of 24.70, a price-to-earnings-growth ratio of 3.21 and a beta of 1.06. The company has a quick ratio of 1.89, a current ratio of 2.11 and a debt-to-equity ratio of 1.76. Deere & Company has a 52 week low of $343.38 and a 52 week high of $533.78.

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Deere & Company (NYSE:DE - Get Free Report) last announced its quarterly earnings data on Thursday, May 15th. The industrial products company reported $6.64 EPS for the quarter, beating the consensus estimate of $5.72 by $0.92. The company had revenue of $11.17 billion for the quarter, compared to the consensus estimate of $10.80 billion. Deere & Company had a return on equity of 24.39% and a net margin of 12.40%. Deere & Company's quarterly revenue was down 17.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $8.53 EPS. As a group, analysts expect that Deere & Company will post 19.32 earnings per share for the current year.

Deere & Company Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 8th. Shareholders of record on Monday, June 30th were given a $1.62 dividend. This represents a $6.48 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend was Monday, June 30th. Deere & Company's dividend payout ratio is 31.35%.

Deere & Company Company Profile

(Free Report)

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.

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