Shelter Mutual Insurance Co Makes New Investment in Deere & Company $DE

Key Points

• Shelter Mutual Insurance Co. acquired 20,315 Deere shares worth approximately $12.9 million, making Deere its 11th-largest holding and representing 2.7% of its portfolio.
• Deere reported quarterly earnings of $5.10 per share and revenue of $12.61 billion, beating analyst estimates and increasing revenue 6.2% year over year.
• Institutional ownership remains high at 68.58%, while analysts maintain a “Moderate Buy” consensus; however, mixed ratings and concerns about weak agricultural demand temper the outlook.

Shelter Mutual Insurance Co bought a new stake in shares of Deere & Company (NYSE:DE - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 20,315 shares of the industrial products company's stock, valued at approximately $12,886,000. Deere & Company makes up 2.7% of Shelter Mutual Insurance Co's holdings, making the stock its 11th largest position.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Mowery & Schoenfeld Wealth Management LLC purchased a new position in Deere & Company during the 2nd quarter valued at about $27,000. Kilter Group LLC bought a new stake in Deere & Company during the second quarter worth about $29,000. Timmons Wealth Management LLC purchased a new stake in Deere & Company in the fourth quarter worth about $29,000. McIlrath & Eck LLC purchased a new stake in Deere & Company in the fourth quarter worth about $30,000. Finally, Portus Wealth Advisors LLC bought a new position in shares of Deere & Company during the first quarter valued at approximately $32,000. 68.58% of the stock is owned by hedge funds and other institutional investors.

Deere & Company Price Performance

DE opened at $648.61 on Friday. The company has a debt-to-equity ratio of 1.45, a quick ratio of 1.95 and a current ratio of 2.10. The stock has a market capitalization of $175.08 billion, a P/E ratio of 36.03, a P/E/G ratio of 2.63 and a beta of 0.90. The company's 50-day simple moving average is $606.90 and its two-hundred day simple moving average is $590.75. Deere & Company has a 52-week low of $433.00 and a 52-week high of $674.19.

Deere & Company (NYSE:DE - Get Free Report) last announced its quarterly earnings results on Thursday, August 20th. The industrial products company reported $5.10 EPS for the quarter, topping analysts' consensus estimates 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 during the quarter, compared to analyst estimates of $10.81 billion. During the same period in the previous year, the business posted $4.75 earnings per share. The business's revenue for the quarter was up 6.2% on a year-over-year basis. As a group, analysts predict that Deere & Company will post 18.23 EPS for the current year.

Deere & Company Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. UBS Group dropped their price target on Deere & Company from $732.00 to $728.00 and set a "buy" rating on the stock in a research report on Friday. Royal Bank Of Canada reaffirmed an "outperform" rating and set a $752.00 price objective on shares of Deere & Company in a research report on Monday, June 1st. JPMorgan Chase & Co. lifted 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. Bank of America dropped their target price on Deere & Company from $672.00 to $607.50 and set a "neutral" rating on the stock in a report on Friday, May 22nd. Finally, Wall Street Zen cut Deere & Company from a "hold" rating to a "sell" rating in a research note on Saturday. Fourteen equities research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company's stock. According to MarketBeat, Deere & Company has a consensus rating of "Moderate Buy" and a consensus target price of $643.38.

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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