Elevation Point Wealth Partners LLC Purchases New Stake in Deere & Company $DE

Key Points

• Elevation Point Wealth Partners acquired 5,373 Deere shares in the second quarter, worth approximately $3.4 million. Institutional investors collectively own 68.58% of Deere’s outstanding stock.
• Deere reported quarterly earnings of $5.10 per share on $12.61 billion in revenue, beating analyst expectations and increasing revenue 6.2% year over year.
• Analysts maintain a generally positive outlook, with a “Moderate Buy” consensus and an average price target of $643.38, though agricultural demand remains weak and Deere’s elevated valuation could limit near-term upside.

Elevation Point Wealth Partners LLC acquired a new position in shares of Deere & Company (NYSE:DE - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 5,373 shares of the industrial products company's stock, valued at approximately $3,412,000.

Several other large investors also recently added to or reduced their stakes in the stock. Mowery & Schoenfeld Wealth Management LLC purchased a new position in shares of Deere & Company during the 2nd quarter worth $27,000. Kilter Group LLC purchased a new stake in shares of Deere & Company in the second quarter valued at about $29,000. Timmons Wealth Management LLC acquired a new stake in Deere & Company during the fourth quarter worth about $29,000. McIlrath & Eck LLC acquired a new stake in Deere & Company during the fourth quarter worth about $30,000. Finally, Portus Wealth Advisors LLC purchased a new position in Deere & Company during the first quarter worth about $32,000. 68.58% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on DE shares. Seaport Research Partners set a $570.00 target price on shares of Deere & Company in a report on Friday, August 14th. Oppenheimer raised their price target on shares of Deere & Company from $680.00 to $685.00 and gave the stock an "outperform" rating in a report on Thursday. Bank of America reduced their price target on shares of Deere & Company from $672.00 to $607.50 and set a "neutral" rating on the stock in a research report on Friday, May 22nd. Weiss Ratings reiterated a "hold (c+)" rating on shares of Deere & Company in a report on Tuesday. Finally, Royal Bank Of Canada reiterated an "outperform" rating and issued a $752.00 price objective on shares of Deere & Company in a research report on Monday, June 1st. Fourteen 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 has an average rating of "Moderate Buy" and an average target price of $643.38.

Deere & Company Trading Up 4.5%

NYSE DE opened at $648.61 on Friday. The company has a debt-to-equity ratio of 1.45, a current ratio of 2.10 and a quick ratio of 1.95. The stock has a market capitalization of $175.09 billion, a P/E ratio of 36.03, a PEG ratio of 2.74 and a beta of 0.90. The firm's 50-day moving average is $606.90 and its two-hundred day moving average is $590.75. 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 announced its quarterly earnings results on Thursday, August 20th. The industrial products company reported $5.10 earnings per share for the quarter, beating analysts' consensus estimates of $4.69 by $0.41. The business had revenue of $12.61 billion during the quarter, compared to analysts' expectations of $10.81 billion. Deere & Company had a net margin of 10.16% and a return on equity of 18.10%. The business's revenue for the quarter was up 6.2% on a year-over-year basis. During the same period last year, the business earned $4.75 earnings per share. On average, sell-side analysts anticipate that Deere & Company will post 18.23 earnings per share for the current year.

Deere & Company Dividend Announcement

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

Key Stories Impacting Deere & Company

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.

About Deere & Company

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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