Iyo Bank Ltd. Makes New Investment in Deere & Company $DE

Key Points

• Iyo Bank Ltd. acquired 10,080 Deere shares worth approximately $6.4 million in the second quarter, making Deere 1.9% of its portfolio. Institutional investors collectively own 68.58% of the company.
• Deere reported quarterly EPS of $5.10, exceeding the $4.69 consensus estimate, while revenue rose 6.2% year over year to $12.61 billion, also beating expectations.
• Analyst sentiment remains broadly positive, with a “Moderate Buy” consensus and an average price target of $643.38, though ratings range from “Sell” to “Outperform.” Deere also pays a $1.62 quarterly dividend, equivalent to a 1.0% yield.

Iyo Bank Ltd. bought a new position in Deere & Company (NYSE:DE - Free Report) in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 10,080 shares of the industrial products company's stock, valued at approximately $6,394,000. Deere & Company makes up 1.9% of Iyo Bank Ltd.'s portfolio, making the stock its 22nd biggest holding.

Several other institutional investors and hedge funds also recently made changes to their positions in DE. Mowery & Schoenfeld Wealth Management LLC purchased a new position in Deere & Company during the second quarter worth about $27,000. Kilter Group LLC bought a new stake in Deere & Company in the 2nd quarter worth about $29,000. Timmons Wealth Management LLC purchased a new stake in Deere & Company in the 4th quarter valued at about $29,000. McIlrath & Eck LLC purchased a new stake in Deere & Company in the 4th quarter valued at about $30,000. Finally, Portus Wealth Advisors LLC bought a new position in shares of Deere & Company during the 1st quarter worth approximately $32,000. Hedge funds and other institutional investors own 68.58% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. DA Davidson set a $585.00 target price on Deere & Company in a research note on Friday. Bank of America decreased their price target on Deere & Company from $672.00 to $607.50 and set a "neutral" rating for the company in a research report on Friday, May 22nd. Wall Street Zen lowered Deere & Company from a "hold" rating to a "sell" rating in a report on Saturday. Oppenheimer boosted their price objective on Deere & Company from $680.00 to $685.00 and gave the stock an "outperform" rating in a research report on Thursday. Finally, JPMorgan Chase & Co. upped their price objective on Deere & Company from $570.00 to $585.00 and gave the company a "neutral" rating in a research note on Friday. Fourteen research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $643.38.

Deere & Company Stock Up 4.5%

DE opened at $648.61 on Friday. Deere & Company has a twelve month low of $433.00 and a twelve month high of $674.19. The company's 50-day moving average price is $606.90 and its two-hundred day moving average price is $590.75. The stock has a market cap of $175.08 billion, a price-to-earnings ratio of 36.03, a PEG ratio of 2.63 and a beta of 0.90. The company has a quick ratio of 1.95, a current ratio of 2.10 and a debt-to-equity ratio of 1.45.

Deere & Company (NYSE:DE - Get Free Report) last issued its quarterly earnings results 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 company had revenue of $12.61 billion during 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%. Deere & Company's quarterly revenue was up 6.2% compared to the same quarter last year. During the same quarter last year, the business posted $4.75 EPS. As a group, equities analysts expect that Deere & Company will post 18.23 earnings per share for the current year.

Deere & Company Dividend Announcement

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

Deere & Company News Summary

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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