Northcape Wealth Management LLC purchased a new stake in Deere & Company (NYSE:DE - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 6,437 shares of the industrial products company's stock, valued at approximately $4,083,000. Deere & Company accounts for approximately 1.1% of Northcape Wealth Management LLC's portfolio, making the stock its 29th biggest position.
A number of other hedge funds and other institutional investors have also made changes to their positions in DE. Mowery & Schoenfeld Wealth Management LLC purchased a new position in shares of Deere & Company during the 2nd quarter valued at approximately $27,000. Timmons Wealth Management LLC purchased a new stake in Deere & Company during the fourth quarter worth $29,000. McIlrath & Eck LLC purchased a new stake in Deere & Company during the fourth quarter worth $30,000. Portus Wealth Advisors LLC acquired a new stake in Deere & Company during the first quarter valued at $32,000. Finally, Wealth Watch Advisors INC purchased a new position in Deere & Company in the third quarter valued at $32,000. Institutional investors and hedge funds own 68.58% of the company's stock.
Key Headlines Impacting Deere & Company
Here are the key news stories impacting Deere & Company this week:
- Positive Sentiment: Analysts expect Deere to report approximately $4.70–$4.79 in earnings per share and about $10.73–$10.78 billion in revenue. Although revenue would be below the prior-year quarter, the estimates have reportedly moved higher ahead of the release, creating potential for a positive reaction if Deere beats expectations. Deere Set to Report Q3 Earnings
- Positive Sentiment: Investors are watching whether Deere’s precision-agriculture technology and exposure to data-center-related infrastructure can support growth beyond traditional farm machinery. Evidence of resilient technology demand or stronger margins could reinforce the company’s longer-term investment narrative. Deere Q3 Preview
- Neutral Sentiment: The earnings announcement is the immediate catalyst, with investors focused on management’s outlook for agriculture, construction equipment, inventories and full-year profitability. Analysts remain mixed, including JPMorgan’s Neutral rating, suggesting expectations are not uniformly bullish. Deere Dividends Ahead of Q3 Earnings
- Negative Sentiment: Consensus revenue of roughly $10.73 billion would decline from $12.02 billion a year earlier, reflecting pressure in the farming sector. Weak farm spending and elevated production costs could weigh on margins and make it harder for Deere to deliver a strong outlook. Deere Earnings and Precision Agriculture
Analyst Upgrades and Downgrades
DE has been the subject of a number of analyst reports. Robert W. Baird decreased their price objective on shares of Deere & Company from $580.00 to $525.00 and set a "neutral" rating for the company in a research report on Friday, May 22nd. Wall Street Zen upgraded Deere & Company from a "sell" rating to a "hold" rating in a research note on Sunday, July 5th. Raymond James Financial reduced their price target on Deere & Company from $765.00 to $700.00 and set an "outperform" rating for the company in a report on Friday, May 22nd. Citigroup increased their price target on Deere & Company from $575.00 to $610.00 and gave the stock a "neutral" rating in a research report on Tuesday, July 14th. Finally, Bank of America dropped their price objective on Deere & Company from $672.00 to $607.50 and set a "neutral" rating on the stock in a report on Friday, May 22nd. Fourteen research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company's stock. According to data from MarketBeat, Deere & Company presently has a consensus rating of "Moderate Buy" and an average target price of $641.98.
Check Out Our Latest Research Report on Deere & Company
Deere & Company Stock Performance
DE opened at $580.06 on Thursday. The firm's fifty day simple moving average is $604.36 and its two-hundred day simple moving average is $589.65. Deere & Company has a 52-week low of $433.00 and a 52-week high of $674.19. The company has a market cap of $156.58 billion, a price-to-earnings ratio of 32.86, a PEG ratio of 2.49 and a beta of 0.90. The company has a quick ratio of 1.95, a current ratio of 2.18 and a debt-to-equity ratio of 1.54.
Deere & Company (NYSE:DE - Get Free Report) last released its earnings results on Thursday, August 20th. The industrial products company reported $5.10 EPS for the quarter, topping analysts' consensus estimates of $4.71 by $0.39. 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 10.09% and a return on equity of 18.25%. Equities analysts anticipate that Deere & Company will post 18.21 earnings per share for the current fiscal year.
Deere & Company Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Monday, August 10th. Investors of record on Tuesday, June 30th were issued a $1.62 dividend. This represents a $6.48 annualized dividend and a yield of 1.1%. The ex-dividend date was Tuesday, June 30th. Deere & Company's payout ratio is presently 36.71%.
About Deere & Company
(
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
Robotics and automation are rapidly becoming essential infrastructure across healthcare, manufacturing, logistics, and many other industries.
"Physical AI" is coming to the United States, and there are four ways that investors can gain exposure to this new robotics revolution. Plus, learn which seven companies are most positioned to benefit as intelligent robots enter the workforce.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
