Ieq Capital LLC purchased a new position in shares of Deere & Company (NYSE:DE - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 8,413 shares of the industrial products company's stock, valued at approximately $5,337,000.
Other institutional investors have also recently bought and sold shares of the company. Mowery & Schoenfeld Wealth Management LLC bought a new stake in shares of Deere & Company in the 2nd quarter valued at approximately $27,000. Kilter Group LLC bought a new stake in shares of Deere & Company during the 2nd quarter worth $29,000. Timmons Wealth Management LLC bought a new stake in Deere & Company during the fourth quarter valued at about $29,000. McIlrath & Eck LLC acquired a new stake in Deere & Company in the 4th quarter valued at approximately $30,000. Finally, Portus Wealth Advisors LLC acquired a new position in Deere & Company during the 1st quarter valued at $32,000. Institutional investors and hedge funds own 68.58% of the company's stock.
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 DE opened at $648.61 on Monday. The firm has a market capitalization of $175.09 billion, a PE ratio of 36.03, a P/E/G ratio of 2.74 and a beta of 0.90. Deere & Company has a 52-week low of $433.00 and a 52-week high of $674.19. The company has a debt-to-equity ratio of 1.45, a quick ratio of 1.89 and a current ratio of 2.10. The stock has a 50 day simple moving average of $606.90 and a 200 day simple moving average of $591.15.
Deere & Company (NYSE:DE - Get Free Report) last issued its quarterly earnings data on Thursday, August 20th. The industrial products company reported $5.10 EPS for the quarter, topping analysts' consensus estimates of $4.69 by $0.41. The business had revenue of $12.61 billion for the quarter, compared to analyst estimates of $10.81 billion. Deere & Company had a net margin of 10.16% and a return on equity of 18.10%. The firm's quarterly revenue was up 6.2% on a year-over-year basis. During the same period last year, the business posted $4.75 earnings per share. Sell-side analysts predict that Deere & Company will post 18.23 EPS for the current fiscal year.
Deere & Company Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Monday, August 10th. Shareholders of record on Tuesday, June 30th were paid a $1.62 dividend. The ex-dividend date was Tuesday, June 30th. This represents a $6.48 annualized dividend and a yield of 1.0%. Deere & Company's payout ratio is presently 36.00%.
Analyst Upgrades and Downgrades
A number of analysts have commented on DE shares. Seaport Research Partners set a $570.00 price objective on Deere & Company in a research report on Friday, August 14th. UBS Group lowered their target price on shares of Deere & Company from $732.00 to $728.00 and set a "buy" rating on the stock in a report on Friday. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of Deere & Company in a research note on Tuesday, August 18th. Bank of America dropped their price objective on shares of Deere & Company from $672.00 to $607.50 and set a "neutral" rating for the company in a report on Friday, May 22nd. Finally, Truist Financial increased their price objective on shares of Deere & Company from $759.00 to $812.00 and gave the stock a "buy" rating in a report on Thursday, July 2nd. Fourteen investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. According to data from MarketBeat.com, Deere & Company presently has a consensus rating of "Moderate Buy" and a consensus target price of $643.38.
Check Out Our Latest Report on DE
Deere & Company Profile
(
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.
Featured Articles
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.
Continue following MarketBeat
Add MarketBeat as your preferred source on Google to see our latest stories in your feed.
Before you consider Deere & Company, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Deere & Company wasn't on the list.
While Deere & Company currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
The space race is growing fast, and you don’t have to have gotten in early on SpaceX to profit. This report shows seven space stocks you can buy today that may grow as rockets, satellites, defense, space internet, and new space technology become more important.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
