104,941 Shares in Deere & Company $DE Bought by Tocqueville Asset Management L.P.

Key Points

• Tocqueville Asset Management acquired 104,941 Deere shares worth approximately $66.6 million, making Deere 0.9% of its portfolio; institutional investors collectively own 68.58% of the stock.
• Deere reported quarterly earnings of $6.55 per share and revenue of $13.37 billion, beating analyst estimates, while revenue increased 5.4% year over year.
• The stock opened at $580.06, and analysts maintain a “Moderate Buy” consensus with a $641.98 average price target, though some firms recently lowered their targets amid concerns about weaker farm-sector demand and declining expected revenue.

Tocqueville Asset Management L.P. acquired a new position in Deere & Company (NYSE:DE - Free Report) during the second quarter, according to the company in its most recent filing with the SEC. The fund acquired 104,941 shares of the industrial products company's stock, valued at approximately $66,567,000. Deere & Company makes up 0.9% of Tocqueville Asset Management L.P.'s holdings, making the stock its 26th biggest holding.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Mowery & Schoenfeld Wealth Management LLC purchased a new stake in shares of Deere & Company during the second quarter worth about $27,000. Timmons Wealth Management LLC purchased a new position in Deere & Company in the fourth quarter valued at about $29,000. McIlrath & Eck LLC purchased a new position in Deere & Company in the fourth quarter valued at about $30,000. Portus Wealth Advisors LLC acquired a new stake in Deere & Company during the 1st quarter valued at approximately $32,000. Finally, Wealth Watch Advisors INC purchased a new stake in Deere & Company during the 3rd quarter worth approximately $32,000. 68.58% of the stock is owned by hedge funds and other institutional investors.

Deere & Company Stock Down 1.5%

Shares of NYSE:DE opened at $580.06 on Thursday. The stock has a market capitalization of $156.58 billion, a price-to-earnings ratio of 32.86, a price-to-earnings-growth ratio of 2.49 and a beta of 0.90. Deere & Company has a 1-year low of $433.00 and a 1-year high of $674.19. The company's fifty day moving average is $604.36 and its two-hundred day moving average is $589.65. 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 - Get Free Report) last released its quarterly earnings data on Thursday, May 21st. The industrial products company reported $6.55 earnings per share 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 for the quarter, compared to analyst estimates of $11.55 billion. During the same quarter in the prior year, the business earned $6.64 earnings per share. Deere & Company's quarterly revenue was up 5.4% on a year-over-year basis. Equities analysts anticipate that Deere & Company will post 18.21 EPS for the current year.

Deere & Company Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, August 10th. Investors of record on Tuesday, June 30th were issued a $1.62 dividend. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $6.48 annualized dividend and a dividend yield of 1.1%. Deere & Company's dividend payout ratio (DPR) is 36.71%.

Key Headlines Impacting Deere & Company

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

• Positive Sentiment: Analysts expect Deere to report approximately $4.70–$4.79 in earnings per share and about $10.73–$10.78 billion in revenue. Although revenue would be below the prior-year quarter, the estimates have reportedly moved higher ahead of the release, creating potential for a positive reaction if Deere beats expectations. Deere Set to Report Q3 Earnings
• Positive Sentiment: Investors are watching whether Deere’s precision-agriculture technology and exposure to data-center-related infrastructure can support growth beyond traditional farm machinery. Evidence of resilient technology demand or stronger margins could reinforce the company’s longer-term investment narrative. Deere Q3 Preview
• Neutral Sentiment: The earnings announcement is the immediate catalyst, with investors focused on management’s outlook for agriculture, construction equipment, inventories and full-year profitability. Analysts remain mixed, including JPMorgan’s Neutral rating, suggesting expectations are not uniformly bullish. Deere Dividends Ahead of Q3 Earnings
• Negative Sentiment: Consensus revenue of roughly $10.73 billion would decline from $12.02 billion a year earlier, reflecting pressure in the farming sector. Weak farm spending and elevated production costs could weigh on margins and make it harder for Deere to deliver a strong outlook. Deere Earnings and Precision Agriculture

Analysts Set New Price Targets

DE has been the topic of a number of recent analyst reports. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of Deere & Company in a research report on Tuesday. Robert W. Baird dropped 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 note on Friday, May 22nd. Wall Street Zen raised shares of Deere & Company from a "sell" rating to a "hold" rating in a report on Sunday, July 5th. Oppenheimer reissued an "outperform" rating and set a $680.00 price objective (down from $715.00) on shares of Deere & Company in a report on Wednesday, May 27th. Finally, JPMorgan Chase & Co. cut their target price on shares of Deere & Company from $590.00 to $570.00 and set a "neutral" rating on the stock in a research note on Friday, August 14th. Fourteen analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $641.98.

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.

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