Deere (NYSE:DE) shares have seen a series of swings influenced by several factors. The company has faced a slump in sales that has driven its stock down as it missed Q4 revenue estimates. Investors are concerned by the grim outlook for farm machinery, with equipment sales also on the decline. Nevertheless, renowned investor Cathie Wood's ARK has traded Deere stock, even offloading Robinhood and Roku shares to do so. The company has also witnessed asset management firms like Sycomore Asset Management and Sovran Advisors LLC buying its shares. Despite the recent fluctuations, stock analyst firms view Deere as a promising investment option with potential for dividend growth. The company is perceived as a leading contender in the industrial sector, with a positive forecast issued by Oppenheimer. Several asset management firms, however, have reduced their holdings in Deere, including Essex LLC, Savant Capital LLC, Robeco Institutional Asset Management, Manning & Napier Advisors, and SG Americas Securities. Looking forward, Deere is focusing on addressing labor shortages with autonomous tractors and anticipates beating earnings estimates in upcoming reports.
Deere Stocks DE News Analytics from Mon, 20 May 2024 07:00:00 GMT to Fri, 14 Feb 2025 09:37:18 GMT -
Rating -2
- Innovation 4
- Information 6
- Rumor 3
