Dearborn Partners LLC Takes $2.77 Million Position in Deere & Company $DE

Key Points

• Dearborn Partners acquired 4,915 Deere shares worth approximately $2.77 million in the second quarter, while institutional investors collectively own 68.58% of the company.
• Deere’s fiscal third-quarter results exceeded expectations, with EPS of $5.10 and revenue of $12.61 billion, up 6.2% year over year. Analysts maintain a “Moderate Buy” consensus with an average price target of $653.48.
• Investors remain focused on a potential agricultural-equipment recovery and growth in Construction and Forestry, while valuation, farm-cycle weakness and contentious UAW negotiations present risks.

Dearborn Partners LLC acquired a new position in Deere & Company (NYSE:DE - Free Report) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 4,915 shares of the industrial products company's stock, valued at approximately $2,768,000.

Several other large investors also recently added to or reduced their stakes in the business. Mowery & Schoenfeld Wealth Management LLC purchased a new stake in shares of Deere & Company in the 2nd quarter valued at about $27,000. Kilter Group LLC bought a new position in shares of Deere & Company in the second quarter worth approximately $29,000. Timmons Wealth Management LLC bought a new position in shares of Deere & Company in the fourth quarter worth approximately $29,000. McIlrath & Eck LLC purchased a new stake in Deere & Company in the fourth quarter valued at approximately $30,000. Finally, Solstein Capital LLC purchased a new stake in Deere & Company in the second quarter valued at approximately $30,000. Institutional investors own 68.58% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have commented on DE shares. Truist Financial cut their price target on shares of Deere & Company from $812.00 to $804.00 and set a "buy" rating for the company in a research note on Monday. Raymond James Financial dropped their price objective on shares of Deere & Company from $765.00 to $700.00 and set an "outperform" rating for the company in a report on Friday, May 22nd. Bank of America cut their target price on shares of Deere & Company from $672.00 to $607.50 and set a "neutral" rating for the company in a research report on Friday, May 22nd. Robert W. Baird increased 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. Finally, Seaport Research Partners set a $570.00 price target on Deere & Company in a research report on Friday, August 14th. Fourteen research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $653.48.

Key Headlines Impacting Deere & Company

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

• Positive Sentiment: Analysts raised their outlook. DA Davidson lifted its price target to $760 from $685 and maintained a “buy” rating, while RBC reaffirmed its “outperform” rating with a $752 target. Analysts cited Deere’s better-than-expected fiscal third quarter, improving equipment orders and prospects for an agriculture-sector recovery. DA Davidson analyst action Deere poised for recovery
• Positive Sentiment: Construction and Forestry is providing meaningful growth support. Higher volumes, pricing gains, demand for construction equipment and increased adoption of Deere’s technology are strengthening the segment and could help offset continued weakness or cyclicality in agriculture. Construction and Forestry growth outlook
• Positive Sentiment: Recent earnings exceeded expectations. Deere reported fiscal third-quarter EPS of $5.10 versus the $4.69 consensus, while revenue of $12.61 billion surpassed the $10.81 billion estimate and increased 6.2% year over year. The beat has reinforced the view that Deere is positioned for a recovery, although agriculture remained comparatively weaker. Deere earnings and farm cycle
• Neutral Sentiment: Valuation and the farm cycle remain investor considerations. Deere’s recent rally reflects stronger earnings and recovery expectations, but investors are weighing whether the stock has moved ahead of the underlying agricultural-equipment cycle.
• Negative Sentiment: UAW members rejected Deere’s proposed two-year contract extension. The vote sets up potentially contentious negotiations ahead of the 2027 contract expiration. UAW President Shawn Fain criticized the proposal as an attempt to bypass the normal bargaining process, raising the risk of higher labor costs, operational disruption or an eventual strike. UAW rejects Deere contract extension

Deere & Company Trading Up 0.2%

DE stock opened at $648.46 on Tuesday. The company has a market capitalization of $175.04 billion, a PE ratio of 36.03, a price-to-earnings-growth ratio of 2.74 and a beta of 0.90. Deere & Company has a one year low of $433.00 and a one year high of $674.19. The company's 50 day moving average price is $608.35 and its two-hundred day moving average price is $591.88. 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 (NYSE:DE - Get Free Report) last announced its quarterly earnings data 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 net margin of 10.16% and a return on equity of 18.10%. The company had revenue of $12.61 billion during the quarter, compared to analysts' expectations of $10.81 billion. During the same quarter in the prior year, the company earned $4.75 EPS. The firm's revenue was up 6.2% on a year-over-year basis. As a group, analysts predict that Deere & Company will post 18.23 earnings per share for the current fiscal year.

Deere & Company Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, August 10th. Stockholders of record on Tuesday, June 30th were paid a dividend of $1.62 per share. This represents a $6.48 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date of this dividend was Tuesday, June 30th. Deere & Company's dividend payout ratio (DPR) is 36.00%.

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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