1,985,211 Shares in Deere & Company $DE Bought by Bank of New York Mellon Corp

Key Points

• Bank of New York Mellon acquired 1.99 million Deere shares during the second quarter, valued at approximately $1.26 billion and representing 0.74% of the company. Institutional investors collectively own 68.58% of Deere.
• Deere reported stronger-than-expected fiscal third-quarter results, with earnings of $5.10 per share and revenue of $12.61 billion, while raising fiscal 2026 net-income guidance to $4.75 billion-$5.00 billion.
• Analysts maintain a generally positive outlook, with a consensus “Moderate Buy” rating and a $641.98 target price, though weak farm conditions, tariffs and elevated valuation remain risks as the agricultural recovery may not become more pronounced until 2027.

Bank of New York Mellon Corp acquired a new position in shares of Deere & Company (NYSE:DE - Free Report) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 1,985,211 shares of the industrial products company's stock, valued at approximately $1,259,279,000. Bank of New York Mellon Corp owned 0.74% of Deere & Company as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of the stock. Anchyra Partners LLC raised its position in shares of Deere & Company by 0.5% during the 1st quarter. Anchyra Partners LLC now owns 3,191 shares of the industrial products company's stock worth $1,797,000 after purchasing an additional 17 shares during the last quarter. William B. Walkup & Associates Inc. boosted its holdings in Deere & Company by 0.6% in the 1st quarter. William B. Walkup & Associates Inc. now owns 2,908 shares of the industrial products company's stock worth $1,638,000 after buying an additional 17 shares during the last quarter. Advisortrust Partners LLC boosted its holdings in Deere & Company by 2.0% in the 1st quarter. Advisortrust Partners LLC now owns 914 shares of the industrial products company's stock worth $515,000 after buying an additional 18 shares during the last quarter. Cerro Pacific Wealth Advisors LLC increased its stake in Deere & Company by 0.6% during the 4th quarter. Cerro Pacific Wealth Advisors LLC now owns 3,179 shares of the industrial products company's stock worth $1,480,000 after buying an additional 19 shares in the last quarter. Finally, Hazlett Burt & Watson Inc. increased its stake in Deere & Company by 2.4% during the 4th quarter. Hazlett Burt & Watson Inc. now owns 816 shares of the industrial products company's stock worth $379,000 after buying an additional 19 shares in the last quarter. Institutional investors and hedge funds own 68.58% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on DE shares. Oppenheimer restated an "outperform" rating on shares of Deere & Company in a research report on Thursday. Truist Financial boosted their price target on Deere & Company from $759.00 to $812.00 and gave the stock a "buy" rating in a research report on Thursday, July 2nd. Weiss Ratings reissued a "hold (c+)" rating on shares of Deere & Company in a research note on Tuesday. Robert W. Baird decreased their price objective on Deere & Company from $580.00 to $525.00 and set a "neutral" rating on the stock in a report on Friday, May 22nd. Finally, DA Davidson reaffirmed a "buy" rating and set a $685.00 target price on shares of Deere & Company in a research note on Friday, July 17th. Fourteen research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company's stock. Based on data from MarketBeat, Deere & Company currently has a consensus rating of "Moderate Buy" and a consensus target price of $641.98.

Key Deere & Company News

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

• Positive Sentiment: Deere reported fiscal Q3 net income of $1.379 billion, or $5.10 per share, up from $4.75 per share a year earlier. Revenue rose approximately 6% to $12.61 billion, exceeding analyst expectations for both earnings and sales. Deere Reports Third Quarter Net Income of $1.379 Billion
• Positive Sentiment: Management raised fiscal 2026 net-income guidance to $4.75 billion-$5.00 billion, from a prior range of $4.50 billion-$5.00 billion, and expects $5 billion-$5.5 billion in equipment-operations cash flow. Deere Raises FY2026 Net Income Outlook
• Positive Sentiment: The Construction & Forestry and Small Agriculture & Turf divisions provided the main upside, with demand tied to energy infrastructure and data-center construction supporting Deere’s nonfarm businesses. The company also indicated that fiscal 2026 could mark the bottom of the current agricultural equipment cycle. Deere Stock Soars After Construction Unit Drives Earnings Beat
• Neutral Sentiment: Management cited improving early order trends, used-equipment inventories and resilient parts demand, which may support a gradual recovery; however, the broader farm-equipment rebound is expected to be more pronounced in 2027. Deere Narrows Profit Outlook as Farm Recovery Seen in 2027
• Negative Sentiment: Production agriculture remains pressured by weak farm conditions, while tariffs and regional sales weakness could weigh on margins and demand. The stock’s strong earnings reaction also leaves valuation and expectations elevated, increasing sensitivity to any signs that the agricultural recovery is delayed.

Deere & Company Price Performance

NYSE:DE opened at $624.38 on Friday. Deere & Company has a one year low of $433.00 and a one year high of $674.19. The stock has a market cap of $168.55 billion, a PE ratio of 35.38, a P/E/G ratio of 2.46 and a beta of 0.90. The company has a debt-to-equity ratio of 1.54, a quick ratio of 1.95 and a current ratio of 2.18. The stock has a 50 day moving average price of $605.47 and a 200 day moving average price of $590.34.

Deere & Company (NYSE:DE - Get Free Report) last released its quarterly earnings data on Thursday, August 20th. The industrial products company reported $5.10 earnings per share for the quarter, topping analysts' consensus estimates of $4.69 by $0.41. The company had revenue of $12.61 billion for the quarter, compared to analyst estimates of $10.81 billion. Deere & Company had a return on equity of 18.25% and a net margin of 10.09%.The firm's revenue for the quarter was up 6.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $4.75 earnings per share. Equities research analysts expect that Deere & Company will post 18.21 EPS for the current fiscal year.

Deere & Company Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, August 10th. Stockholders of record on Tuesday, June 30th were issued a dividend of $1.62 per share. This represents a $6.48 annualized dividend and a dividend yield of 1.0%. The ex-dividend date was Tuesday, June 30th. Deere & Company's payout ratio is currently 36.71%.

Deere & Company Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source