Keebeck Wealth Management Invests $1.23 Million in Deere & Company $DE

Key Points

• Keebeck Wealth Management purchased a new $1.23 million stake in Deere & Company during the second quarter, acquiring 1,930 shares. Institutional investors collectively own 68.58% of the company.
• Deere reported quarterly earnings of $5.10 per share on $12.61 billion in revenue, exceeding analyst estimates and increasing revenue 6.2% year over year.
• Analysts maintain a “Moderate Buy” consensus rating with an average price target of $643.38, while Deere’s shares recently opened at $648.61. The company also pays a quarterly dividend of $1.62 per share, yielding about 1.0%.

Keebeck Wealth Management bought a new stake in Deere & Company (NYSE:DE - Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 1,930 shares of the industrial products company's stock, valued at approximately $1,227,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Anchyra Partners LLC lifted its holdings in Deere & Company by 0.5% during the first quarter. Anchyra Partners LLC now owns 3,191 shares of the industrial products company's stock worth $1,797,000 after acquiring an additional 17 shares during the period. William B. Walkup & Associates Inc. grew its stake in Deere & Company by 0.6% in the 1st quarter. William B. Walkup & Associates Inc. now owns 2,908 shares of the industrial products company's stock valued at $1,638,000 after purchasing an additional 17 shares during the period. Advisortrust Partners LLC grew its stake in Deere & Company by 2.0% in the 1st quarter. Advisortrust Partners LLC now owns 914 shares of the industrial products company's stock valued at $515,000 after purchasing an additional 18 shares during the period. Cerro Pacific Wealth Advisors LLC increased its position in shares of Deere & Company by 0.6% during the 4th quarter. Cerro Pacific Wealth Advisors LLC now owns 3,179 shares of the industrial products company's stock valued at $1,480,000 after purchasing an additional 19 shares during the last quarter. Finally, Hazlett Burt & Watson Inc. increased its position in shares of Deere & Company by 2.4% during the 4th quarter. Hazlett Burt & Watson Inc. now owns 816 shares of the industrial products company's stock valued at $379,000 after purchasing an additional 19 shares during the last quarter. 68.58% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

DE has been the topic of a number of research analyst reports. Truist Financial boosted their price target 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. UBS Group decreased their price objective on shares of Deere & Company from $732.00 to $728.00 and set a "buy" rating for the company in a report on Friday. Seaport Research Partners set a $570.00 price objective on shares of Deere & Company in a research report on Friday, August 14th. Citigroup boosted their target price on shares of Deere & Company from $610.00 to $650.00 and gave the company a "neutral" rating in a research note on Friday. Finally, Weiss Ratings reiterated a "hold (c+)" rating on shares of Deere & Company in a research note on Tuesday. Fourteen analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $643.38.

Deere & Company Stock Up 4.5%

Shares of NYSE DE opened at $648.61 on Friday. Deere & Company has a one year low of $433.00 and a one year high of $674.19. 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 business's fifty day moving average price is $606.90 and its 200-day moving average price is $590.75. The stock has a market capitalization of $175.08 billion, a PE ratio of 36.03, a P/E/G ratio of 2.63 and a beta of 0.90.

Deere & Company (NYSE:DE - Get Free Report) last posted its quarterly earnings results on Thursday, August 20th. The industrial products company reported $5.10 earnings per share for the quarter, topping the consensus estimate of $4.69 by $0.41. Deere & Company had a return on equity of 18.10% and a net margin of 10.16%.The company had revenue of $12.61 billion during the quarter, compared to the consensus estimate of $10.81 billion. During the same quarter in the prior year, the company earned $4.75 EPS. The firm's quarterly revenue was up 6.2% compared to the same quarter last year. On average, equities research analysts anticipate that Deere & Company will post 18.23 EPS for the current year.

Deere & Company Dividend Announcement

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

Key Deere & Company News

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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