OneAscent Financial Services LLC Makes New Investment in Deere & Company $DE

Key Points

• OneAscent Financial Services initiated a Deere position by purchasing 3,120 shares valued at approximately $1.98 million. Institutional investors collectively own 68.58% of Deere’s outstanding stock.
• Deere reported strong fiscal Q3 results, with EPS of $5.10 and revenue of $12.61 billion, both above analyst expectations. Management raised fiscal 2026 net-income guidance to $4.75 billion–$5.00 billion, citing strength in construction, forestry and small agriculture divisions.
• The agricultural equipment market remains pressured by weak farm conditions, tariffs and regional sales softness, with a broader recovery not expected until 2027. Analysts maintain a “Moderate Buy” consensus, with an average price target of $641.98.

OneAscent Financial Services LLC bought a new position in Deere & Company (NYSE:DE - Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 3,120 shares of the industrial products company's stock, valued at approximately $1,979,000.

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

Trending Headlines about Deere & Company

Here are the key news stories impacting Deere & Company this week:

• Positive Sentiment: Deere reported fiscal Q3 net income of $1.379 billion, or $5.10 per share, up from $4.75 per share a year earlier. Revenue rose approximately 6% to $12.61 billion, exceeding analyst expectations for both earnings and sales. Deere Reports Third Quarter Net Income of $1.379 Billion
• Positive Sentiment: Management raised fiscal 2026 net-income guidance to $4.75 billion-$5.00 billion, from a prior range of $4.50 billion-$5.00 billion, and expects $5 billion-$5.5 billion in equipment-operations cash flow. Deere Raises FY2026 Net Income Outlook
• Positive Sentiment: The Construction & Forestry and Small Agriculture & Turf divisions provided the main upside, with demand tied to energy infrastructure and data-center construction supporting Deere’s nonfarm businesses. The company also indicated that fiscal 2026 could mark the bottom of the current agricultural equipment cycle. Deere Stock Soars After Construction Unit Drives Earnings Beat
• Neutral Sentiment: Management cited improving early order trends, used-equipment inventories and resilient parts demand, which may support a gradual recovery; however, the broader farm-equipment rebound is expected to be more pronounced in 2027. Deere Narrows Profit Outlook as Farm Recovery Seen in 2027
• Negative Sentiment: Production agriculture remains pressured by weak farm conditions, while tariffs and regional sales weakness could weigh on margins and demand. The stock’s strong earnings reaction also leaves valuation and expectations elevated, increasing sensitivity to any signs that the agricultural recovery is delayed.

Deere & Company Price Performance

NYSE DE opened at $624.38 on Friday. The business's fifty day moving average price is $605.47 and its 200-day moving average price is $590.34. The stock has a market capitalization of $168.55 billion, a price-to-earnings ratio of 35.38, a PEG ratio of 2.46 and a beta of 0.90. The company has a debt-to-equity ratio of 1.54, a current ratio of 2.18 and a quick ratio of 1.95. Deere & Company has a 1-year low of $433.00 and a 1-year high of $674.19.

Deere & Company (NYSE:DE - Get Free Report) last released its quarterly earnings results on Thursday, August 20th. The industrial products company reported $5.10 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $4.69 by $0.41. Deere & Company had a return on equity of 18.25% and a net margin of 10.09%.The firm had revenue of $12.61 billion for the quarter, compared to the consensus estimate of $10.81 billion. During the same period last year, the business posted $4.75 EPS. The company's revenue for the quarter was up 6.2% on a year-over-year basis. On average, equities analysts predict that Deere & Company will post 18.21 earnings per share for the current 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 given a $1.62 dividend. 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 (DPR) is presently 36.71%.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the company. Raymond James Financial decreased their price target on Deere & Company from $765.00 to $700.00 and set an "outperform" rating for the company in a research note on Friday, May 22nd. Seaport Research Partners set a $570.00 price objective on Deere & Company in a report on Friday, August 14th. Bank of America decreased their target price 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. DA Davidson restated a "buy" rating and set a $685.00 target price on shares of Deere & Company in a research note on Friday, July 17th. Finally, JPMorgan Chase & Co. dropped their price target on shares of Deere & Company from $590.00 to $570.00 and set a "neutral" rating on the stock in a report on Friday, August 14th. Fourteen equities research 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 stock presently has an average rating of "Moderate Buy" and a consensus target price of $641.98.

Deere & Company Profile

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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