Allworth Financial LP Invests $7.47 Million in Deere & Company $DE

Key Points

• Allworth Financial acquired 11,781 Deere shares worth approximately $7.47 million during the second quarter, while institutional investors collectively own 68.58% of the stock.
• Deere reported quarterly EPS of $5.10 and revenue of $12.61 billion, surpassing analyst estimates; revenue increased 6.2% year over year. Management also raised fiscal 2026 net-income guidance to $4.75 billion-$5.00 billion.
• Analysts maintain a “Moderate Buy” consensus with an average price target of $641.98, though several firms recently lowered targets or kept neutral ratings. Deere pays a quarterly dividend of $1.62 per share, representing a 1.0% yield.

Allworth Financial LP acquired a new stake in Deere & Company (NYSE:DE - Free Report) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 11,781 shares of the industrial products company's stock, valued at approximately $7,473,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. B. Metzler seel. Sohn & Co. AG acquired a new position in Deere & Company during the 2nd quarter worth $11,696,000. TrinityBridge Ltd acquired a new stake in Deere & Company in the 2nd quarter valued at about $19,225,000. Bernicke Wealth Management Ltd. acquired a new stake in Deere & Company in the 2nd quarter valued at about $200,000. Silvant Capital Management LLC purchased a new position in shares of Deere & Company in the 2nd quarter valued at about $3,788,000. Finally, LaSalle St. Investment Advisors LLC acquired a new position in shares of Deere & Company during the second quarter worth about $1,168,000. 68.58% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Oppenheimer restated an "outperform" rating on shares of Deere & Company in a research note on Thursday. Bank of America lowered their price target on shares of Deere & Company from $672.00 to $607.50 and set a "neutral" rating for the company in a report on Friday, May 22nd. Robert W. Baird dropped their price objective on shares of Deere & Company from $580.00 to $525.00 and set a "neutral" rating on the stock in a research report on Friday, May 22nd. Citigroup raised their price objective on shares of Deere & Company from $575.00 to $610.00 and gave the company a "neutral" rating in a report on Tuesday, July 14th. Finally, Weiss Ratings reaffirmed a "hold (c+)" rating on shares of Deere & Company in a research report on Tuesday. Fourteen analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $641.98.

Deere & Company Price Performance

Shares of NYSE DE opened at $624.38 on Friday. The stock's 50-day simple moving average is $605.47 and its 200-day simple moving average is $590.34. The firm has a market capitalization of $168.55 billion, a PE ratio of 35.38, a price-to-earnings-growth ratio of 2.46 and a beta of 0.90. Deere & Company has a fifty-two week low of $433.00 and a fifty-two week high of $674.19. 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 announced its quarterly earnings results on Thursday, August 20th. The industrial products company reported $5.10 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $4.69 by $0.41. Deere & Company had a return on equity of 18.25% and a net margin of 10.09%.The firm had revenue of $12.61 billion during the quarter, compared to the consensus estimate of $10.81 billion. During the same period in the prior year, the company posted $4.75 earnings per share. The firm's quarterly revenue was up 6.2% compared to the same quarter last year. As a group, equities research analysts forecast that Deere & Company will post 18.21 EPS for the current fiscal year.

Deere & Company Dividend Announcement

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

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 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.

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