Clear Harbor Asset Management LLC Takes Position in Deere & Company $DE

Key Points

• Clear Harbor Asset Management acquired a new Deere stake of 3,526 shares valued at approximately $2.24 million during the second quarter. Institutional investors collectively own 68.58% of Deere’s outstanding stock.
• Deere reported stronger-than-expected quarterly results, with EPS of $5.10 and revenue of $12.61 billion, up 6.2% year over year. Management also raised its fiscal 2026 net-income outlook to $4.75 billion–$5.00 billion.
• Construction and forestry demand is supporting growth, but weak agricultural equipment demand remains a constraint. Analysts generally view the stock favorably, though its elevated valuation and potential for a gradual farm-cycle recovery limit near-term upside.

Clear Harbor Asset Management LLC acquired a new stake in shares of Deere & Company (NYSE:DE - Free Report) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 3,526 shares of the industrial products company's stock, valued at approximately $2,237,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in shares of Deere & Company by 0.9% in the fourth quarter. Vanguard Group Inc. now owns 22,583,185 shares of the industrial products company's stock worth $10,514,053,000 after purchasing an additional 198,332 shares in the last quarter. BlackRock Inc. bought a new stake in shares of Deere & Company during the 2nd quarter valued at $11,763,504,000. State Street Corp lifted its stake in shares of Deere & Company by 0.9% during the 4th quarter. State Street Corp now owns 10,485,949 shares of the industrial products company's stock valued at $4,898,717,000 after buying an additional 97,049 shares in the last quarter. Capital World Investors boosted its holdings in 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 buying an additional 3,358,264 shares during the period. Finally, Price T Rowe Associates Inc. MD boosted its holdings in Deere & Company by 2.1% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 7,692,877 shares of the industrial products company's stock worth $3,581,574,000 after buying an additional 158,584 shares during the period. 68.58% of the stock is owned by hedge funds and other institutional investors.

Deere & Company News Roundup

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

• Positive Sentiment: Q3 earnings and revenue beat expectations. Deere reported earnings of $5.10 per share, up from $4.75 a year earlier, on revenue of $12.61 billion, which rose about 6% year over year and exceeded analyst estimates. Deere Reports Third Quarter Net Income
• Positive Sentiment: Management raised its fiscal 2026 outlook. Deere increased its net-income forecast to $4.75 billion-$5.00 billion and expects $5.0 billion-$5.5 billion in equipment-operations cash flow, improving confidence in profitability and cash generation. Deere Raises FY2026 Outlook
• Positive Sentiment: Construction and forestry provided the key growth engine. Demand for bulldozers, excavators and other earth-moving equipment is largely booked through the rest of the year, supported by data-center and energy-infrastructure construction tied to artificial-intelligence investment. Deere Lifts Sales Guidance
• Positive Sentiment: The agricultural cycle may be nearing a bottom. Executives characterized fiscal 2026 as the likely trough for the agricultural equipment cycle and pointed to improving early order trends and potentially stronger demand in 2027. Deere also recognized $110 million in tariff refunds during the quarter. DE Q3 Earnings Call Highlights
• Neutral Sentiment: Analyst reactions were mixed but generally reflected higher estimates. Robert W. Baird raised its target to $640 and JPMorgan increased its target to $585, while both retained neutral ratings. Other analysts lifted targets as high as $685, indicating expectations have improved but also that valuation and limited near-term upside remain concerns. Deere Analysts Increase Forecasts
• Negative Sentiment: Agriculture remains a constraint. Production and precision agriculture demand is still weak, and Bank of America cautioned that any recovery may be gradual rather than a sharp cyclical rebound. The stock’s elevated valuation could make it vulnerable if farm-market improvement is delayed.

Deere & Company Price Performance

Shares of Deere & Company stock opened at $648.61 on Friday. The firm has a market cap of $175.09 billion, a PE ratio of 36.03, a PEG ratio of 2.74 and a beta of 0.90. The stock has a 50 day moving average of $606.90 and a 200 day moving average of $590.75. The company has a current ratio of 2.10, a quick ratio of 1.95 and a debt-to-equity ratio of 1.45. Deere & Company has a 12 month low of $433.00 and a 12 month high of $674.19.

Deere & Company (NYSE:DE - Get Free Report) last issued its quarterly earnings data on Thursday, August 20th. The industrial products company reported $5.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.69 by $0.41. The business 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 18.10% and a net margin of 10.16%.The company's revenue for the quarter was up 6.2% on a year-over-year basis. During the same period in the prior year, the firm earned $4.75 EPS. On average, research analysts expect that Deere & Company will post 18.23 EPS for the current fiscal year.

Deere & Company Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, August 10th. Investors of record on Tuesday, June 30th were given a $1.62 dividend. This represents a $6.48 annualized dividend and a yield of 1.0%. The ex-dividend date was Tuesday, June 30th. Deere & Company's payout ratio is currently 36.00%.

Analyst Upgrades and Downgrades

A number of research firms have commented on DE. Raymond James Financial decreased their price target on Deere & Company from $765.00 to $700.00 and set an "outperform" rating on the stock in a report on Friday, May 22nd. DA Davidson set a $585.00 target price on Deere & Company in a research report on Friday. Robert W. Baird lifted their target price on Deere & Company from $525.00 to $640.00 and gave the company a "neutral" rating in a research note on Friday. Wall Street Zen cut Deere & Company from a "hold" rating to a "sell" rating in a report on Saturday. Finally, Citigroup upped their price target on Deere & Company from $610.00 to $650.00 and gave the stock a "neutral" rating in a research note on Friday. Fourteen equities research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $643.38.

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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