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Deere & Co. beat earnings estimates in Q2, though revenue dipped 9% year-over-year.
Institutional investors made varied moves in Deere & Company (DE) stock during the second quarter, with Creekside Partners and Verdence Capital Advisors reducing stakes while Ritholtz Wealth Management, Turtle Creek Wealth Advisors, and Welch Group LLC increased holdings.
The company reported strong second-quarter earnings of $4.75 per share, beating estimates by $0.13, with revenue of $10.36 billion, slightly above expectations despite a 9% year-over-year decline.
Deere maintains a market cap of $121.28 billion, a P/E ratio of 23.45, and a "Moderate Buy" consensus rating with a target price of $511.76.
Analysts project full-year earnings of $19.32 per share, and the stock pays a quarterly dividend of $1.62, yielding 1.4%.
Deere & Co. superó las estimaciones de ganancias en el segundo trimestre, aunque los ingresos cayeron un 9% interanual.