Advisors Capital Management LLC Purchases New Shares in Deere & Company $DE

Advisors Capital Management LLC bought a new stake in shares of Deere & Company (NYSE:DE - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 59,293 shares of the industrial products company's stock, valued at approximately $37,612,000.

A number of other hedge funds and other institutional investors have also modified their holdings of DE. Mowery & Schoenfeld Wealth Management LLC bought a new position in Deere & Company during the 2nd quarter worth approximately $27,000. Timmons Wealth Management LLC bought a new stake in Deere & Company during the fourth quarter valued at $29,000. McIlrath & Eck LLC acquired a new stake in shares of Deere & Company during the fourth quarter worth $30,000. Portus Wealth Advisors LLC bought a new position in shares of Deere & Company in the 1st quarter worth about $32,000. Finally, Wealth Watch Advisors INC bought a new position in shares of Deere & Company in the 3rd quarter worth about $32,000. 68.58% of the stock is owned by hedge funds and other institutional investors.

Deere & Company News Summary

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. The company has a quick ratio of 1.95, a current ratio of 2.18 and a debt-to-equity ratio of 1.54. The business's 50-day moving average price is $605.47 and its 200 day moving average price is $590.34. Deere & Company has a 52-week low of $433.00 and a 52-week high of $674.19. The firm has a market cap of $168.55 billion, a P/E ratio of 35.38, a PEG ratio of 2.46 and a beta of 0.90.

Deere & Company (NYSE:DE - Get Free Report) last posted its quarterly earnings results on Thursday, August 20th. The industrial products company reported $5.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.69 by $0.41. The company had revenue of $12.61 billion for the quarter, compared to analysts' expectations 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 was up 6.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $4.75 earnings per share. As a group, sell-side analysts predict that Deere & Company will post 18.21 earnings per share for the current fiscal year.

Deere & Company Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 10th. Investors of record on Tuesday, June 30th were given a dividend of $1.62 per share. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $6.48 dividend on an annualized basis and a yield of 1.0%. Deere & Company's dividend payout ratio (DPR) is presently 36.71%.

Analyst Ratings Changes

A number of equities analysts have commented on the company. Oppenheimer restated an "outperform" rating on shares of Deere & Company in a research note on Thursday. Truist Financial increased 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. Citigroup raised their price target on Deere & Company from $575.00 to $610.00 and gave the stock a "neutral" rating in a report on Tuesday, July 14th. Seaport Research Partners set a $570.00 price objective on Deere & Company in a research note on Friday, August 14th. Finally, Weiss Ratings reaffirmed a "hold (c+)" rating on shares of Deere & Company in a research report on Tuesday. Fourteen investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. According to MarketBeat, Deere & Company has an average 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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