Axxcess Wealth Management LLC Acquires 6,377 Shares of Deere & Company $DE

Key Points

• Axxcess Wealth Management LLC increased its Deere stake by 89.1% in the fourth quarter, buying 6,377 additional shares and bringing its total holdings to 13,532 shares worth about $6.3 million.
• Deere recently beat Q2 earnings and revenue estimates, reporting EPS of $6.55 and revenue of $11.78 billion, while management kept full-year net income guidance at $4.5 billion to $5.0 billion.
• Wall Street remains mostly constructive on the stock, with analysts maintaining a Moderate Buy consensus, but weakness in production and precision agriculture sales and a new right-to-repair lawsuit continue to weigh on sentiment.

Axxcess Wealth Management LLC boosted its position in shares of Deere & Company (NYSE:DE - Free Report) by 89.1% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 13,532 shares of the industrial products company's stock after purchasing an additional 6,377 shares during the quarter. Axxcess Wealth Management LLC's holdings in Deere & Company were worth $6,300,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of DE. Strategic Advocates LLC purchased a new stake in shares of Deere & Company during the 3rd quarter valued at about $25,000. Key Capital Management INC purchased a new stake in shares of Deere & Company during the 4th quarter valued at about $27,000. Activest Wealth Management boosted its holdings in shares of Deere & Company by 69.2% during the 3rd quarter. Activest Wealth Management now owns 66 shares of the industrial products company's stock valued at $30,000 after acquiring an additional 27 shares during the last quarter. McIlrath & Eck LLC purchased a new stake in shares of Deere & Company during the 4th quarter valued at about $30,000. Finally, Wealth Watch Advisors INC purchased a new stake in shares of Deere & Company during the 3rd quarter valued at about $32,000. 68.58% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms recently issued reports on DE. Oppenheimer reissued an "outperform" rating and issued a $715.00 price objective on shares of Deere & Company in a report on Friday, February 20th. JPMorgan Chase & Co. raised their target price on shares of Deere & Company from $550.00 to $560.00 and gave the stock a "neutral" rating in a research note on Friday. Robert W. Baird decreased their target price on shares of Deere & Company from $580.00 to $525.00 and set a "neutral" rating on the stock in a research note on Friday. Morgan Stanley raised their target price on shares of Deere & Company from $560.00 to $730.00 and gave the stock an "overweight" rating in a research note on Monday, February 23rd. Finally, Truist Financial lifted their target price on shares of Deere & Company from $612.00 to $793.00 and gave the company a "buy" rating in a research note on Friday, February 20th. Fifteen investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $640.73.

Key Headlines Impacting Deere & Company

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

• Positive Sentiment: Deere beat Q2 estimates on both earnings and revenue, with EPS of $6.55 and sales of $13.37 billion, helped by strength in Construction & Forestry and Small Ag & Turf. Deere Beats Q2 Estimates, But Ag Weakness Weighs on Outlook
• Positive Sentiment: Management raised its Construction & Forestry outlook, citing strong demand tied to data center and AI infrastructure spending, which supports a non-farm growth engine for Deere. Deere forecasts FY2026 net income of $4.5B-$5B while lifting construction & forestry sales outlook to up ~20%
• Neutral Sentiment: Several analysts adjusted price targets after earnings, but most kept neutral or buy ratings, suggesting Wall Street sees limited near-term upside until the ag cycle improves. JPMorgan adjusts price target on Deere Co. to $560 from $550, maintains neutral rating
• Neutral Sentiment: Deere maintained its full-year net income forecast of $4.5 billion to $5.0 billion, which reassured investors on guidance but did not signal a stronger rebound in the core farm market. Deere beats second-quarter profit estimate but maintains full-year forecast
• Negative Sentiment: Weak Production & Precision Agriculture sales, down sharply year over year, remain the main concern and are weighing on investor sentiment about Deere’s earnings quality and valuation. Deere Beats Q2 Estimates, But Ag Weakness Weighs on Outlook
• Negative Sentiment: A new class-action lawsuit over right-to-repair practices adds another legal overhang, potentially raising questions about Deere’s aftermarket model and customer relations. Deere Lawsuit Puts Right To Repair Model And Aftermarket Profits Under Review

Deere & Company Stock Down 0.3%

Shares of DE opened at $529.88 on Friday. The firm has a market capitalization of $143.13 billion, a P/E ratio of 30.02, a P/E/G ratio of 1.85 and a beta of 0.96. Deere & Company has a 12-month low of $433.00 and a 12-month high of $674.19. The company has a current ratio of 2.18, a quick ratio of 1.96 and a debt-to-equity ratio of 1.54. The firm has a fifty day moving average price of $576.52 and a 200-day moving average price of $539.80.

Deere & Company (NYSE:DE - Get Free Report) last issued its earnings results on Thursday, May 21st. The industrial products company reported $6.55 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 $11.78 billion during the quarter, compared to analyst estimates of $11.55 billion. During the same period in the previous year, the firm earned $6.64 earnings per share. The business's revenue was up 5.4% on a year-over-year basis. Equities research analysts expect that Deere & Company will post 18.05 earnings per share for the current year.

Deere & Company Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, May 8th. Shareholders of record on Tuesday, March 31st were given a dividend of $1.62 per share. This represents a $6.48 annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend was Tuesday, March 31st. Deere & Company's dividend payout ratio is presently 36.53%.

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.

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