Patron Partners LLC Makes New Investment in Deere & Company $DE

Key Points

• Patron Partners LLC bought a new Deere & Company stake of 1,902 shares valued at approximately $1.21 million in the second quarter. Institutional investors collectively own 68.58% of the company.
• Deere reported quarterly earnings of $5.10 per share and revenue of $12.61 billion, beating analyst expectations and increasing revenue 6.2% year over year.
• Analysts maintain a generally positive outlook, with a “Moderate Buy” consensus and an average price target of $643.38, while agriculture remains a potential constraint despite strength in construction and forestry.

Patron Partners LLC bought a new stake in shares of Deere & Company (NYSE:DE - Free Report) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 1,902 shares of the industrial products company's stock, valued at approximately $1,206,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of DE. Cary Street Partners Financial LLC raised its stake in shares of Deere & Company by 11.8% in the fourth quarter. Cary Street Partners Financial LLC now owns 10,312 shares of the industrial products company's stock worth $4,801,000 after buying an additional 1,086 shares during the period. Baxter Bros Inc. purchased a new position in shares of Deere & Company during the 2nd quarter valued at about $1,707,000. Global Retirement Partners LLC bought a new position in shares of Deere & Company during the 2nd quarter valued at approximately $3,890,000. Spectrum Financial Alliance Ltd LLC grew its stake in shares of Deere & Company by 55.8% during the 4th quarter. Spectrum Financial Alliance Ltd LLC now owns 85,351 shares of the industrial products company's stock valued at $39,737,000 after acquiring an additional 30,553 shares during the period. Finally, Westpac Banking Corp increased its holdings in Deere & Company by 78.6% in the 4th quarter. Westpac Banking Corp now owns 6,925 shares of the industrial products company's stock worth $3,224,000 after acquiring an additional 3,047 shares in the last quarter. 68.58% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have commented on DE shares. Oppenheimer raised their target price on shares of Deere & Company from $680.00 to $685.00 and gave the stock an "outperform" rating in a research note on Thursday. UBS Group reduced their price objective on shares of Deere & Company from $732.00 to $728.00 and set a "buy" rating for the company in a research note on Friday. Weiss Ratings restated a "hold (c+)" rating on shares of Deere & Company in a research report on Tuesday. Bank of America lowered their target price on shares of Deere & Company from $672.00 to $607.50 and set a "neutral" rating on the stock in a research note on Friday, May 22nd. Finally, JPMorgan Chase & Co. upped their target price on shares of Deere & Company from $570.00 to $585.00 and gave the stock a "neutral" rating in a report on Friday. Fourteen research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. According to data from MarketBeat, Deere & Company has an average rating of "Moderate Buy" and a consensus target price of $643.38.

Deere & Company Trading Up 4.5%

DE stock opened at $648.61 on Friday. The company has a debt-to-equity ratio of 1.45, a current ratio of 2.10 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. The business has a 50 day simple moving average of $606.90 and a two-hundred day simple moving average of $590.75. The company has a market capitalization of $175.08 billion, a price-to-earnings ratio of 36.03, a PEG ratio of 2.63 and a beta of 0.90.

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

Deere & Company Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, August 10th. Investors of record on Tuesday, June 30th were paid 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 (DPR) is presently 36.00%.

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 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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