Castlekeep Investment Advisors LLC acquired a new stake in shares of Deere & Company (NYSE:DE - Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,765 shares of the industrial products company's stock, valued at approximately $1,120,000.
A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. BlackRock Inc. acquired a new position in shares of Deere & Company during the second quarter valued at about $11,763,504,000. Norges Bank acquired a new stake in shares of Deere & Company in the 4th quarter worth about $1,715,633,000. Capital World Investors raised its holdings in shares of Deere & Company by 53.9% in the 4th quarter. Capital World Investors now owns 9,592,004 shares of the industrial products company's stock worth $4,465,906,000 after acquiring an additional 3,358,264 shares during the last quarter. Bank of New York Mellon Corp bought a new position in Deere & Company in the 2nd quarter valued at about $1,259,279,000. Finally, Northwestern Mutual Wealth Management Co. boosted its stake in Deere & Company by 1,725.8% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 2,003,715 shares of the industrial products company's stock valued at $932,870,000 after purchasing an additional 1,893,972 shares during the last quarter. Institutional investors own 68.58% of the company's stock.
Deere & Company News Summary
Here are the key news stories impacting Deere & Company this week:
- Positive Sentiment: Strong fiscal third-quarter results: Deere exceeded earnings expectations, with quarterly net income rising 7%. Construction & Forestry sales increased 18% year over year, benefiting from infrastructure investment and AI data-center construction. Deere & Company Strong Quarter Raises the Stakes for an Agricultural Recovery
- Positive Sentiment: Analysts raised their targets: DA Davidson lifted its price target to $760 and maintained a buy rating, while RBC reaffirmed its outperform rating with a $752 target. Analysts cited better-than-expected results, improving equipment orders and potential recovery in farm machinery demand. Deere analyst price-target updates
- Positive Sentiment: Construction and Forestry may provide longer-term growth: Higher volumes, pricing, technology adoption and demand tied to infrastructure spending are strengthening a segment that could help offset weakness in agricultural equipment. Can Construction and Forestry Fuel Deere’s Long-Term Growth?
- Neutral Sentiment: Competitive positioning is mixed: A comparison with Caterpillar concluded that CAT’s record sales, backlog and earnings growth currently give it an advantage over Deere, highlighting divergent outlooks within the heavy-equipment sector. Caterpillar vs. Deere
- Negative Sentiment: Tariff costs are expected to increase: Deere warned of a “step-up” in tariff expenses in 2027, raising concerns about margin pressure and potentially higher prices for customers. Deere expects step-up in tariff costs in 2027
- Negative Sentiment: Labor negotiations pose a future risk: United Auto Workers members rejected Deere’s proposed two-year contract extension, setting up potentially contentious bargaining in 2027. Wage demands and the possibility of operational disruptions could increase costs and uncertainty. UAW Workers Reject Deere’s Contract Extension Offer
Analyst Ratings Changes
DE has been the subject of a number of recent research reports. Weiss Ratings reissued a "hold (c+)" rating on shares of Deere & Company in a report on Tuesday, August 18th. JPMorgan Chase & Co. upped their price target on Deere & Company from $570.00 to $585.00 and gave the stock a "neutral" rating in a report on Friday, August 21st. Oppenheimer increased their price target on Deere & Company from $680.00 to $685.00 and gave the company an "outperform" rating in a research report on Thursday, August 20th. UBS Group dropped their price objective on Deere & Company from $732.00 to $728.00 and set a "buy" rating on the stock in a research note on Friday. Finally, Citigroup lifted their price objective on shares of Deere & Company from $610.00 to $650.00 and gave the stock a "neutral" rating in a report on Friday. Fourteen equities research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $653.48.
Read Our Latest Analysis on Deere & Company
Deere & Company Stock Performance
NYSE DE opened at $631.41 on Wednesday. The company has a market capitalization of $170.44 billion, a PE ratio of 35.08, a price-to-earnings-growth ratio of 2.30 and a beta of 0.90. The company has a debt-to-equity ratio of 1.45, a quick ratio of 1.89 and a current ratio of 2.10. Deere & Company has a 52-week low of $433.00 and a 52-week high of $674.19. The company has a 50-day simple moving average of $609.25 and a 200 day simple moving average of $592.33.
Deere & Company (NYSE:DE - Get Free Report) last issued its quarterly earnings results on Thursday, August 20th. The industrial products company reported $5.10 EPS for the quarter, beating analysts' consensus estimates of $4.69 by $0.41. Deere & Company had a return on equity of 18.10% and a net margin of 10.16%.The firm had revenue of $12.61 billion for the quarter, compared to analysts' expectations of $10.81 billion. During the same quarter in the prior year, the firm earned $4.75 EPS. The business's revenue for the quarter was up 6.2% compared to the same quarter last year. On average, research analysts predict that Deere & Company will post 18.11 EPS for the current year.
Deere & Company Company Profile
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Free Report)
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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