Sumitomo Life Insurance Co. Purchases New Position in Deere & Company $DE

Key Points

• Sumitomo Life Insurance bought 2,475 Deere shares during the second quarter, valued at approximately $1.57 million. Institutional investors collectively own 68.58% of Deere’s outstanding stock.
• Deere exceeded third-quarter expectations with $5.10 in earnings per share and $12.61 billion in revenue, while raising its fiscal 2026 net-income outlook to $4.75 billion–$5.00 billion.
• Construction and forestry demand remains strong, helped by data-center and energy-infrastructure projects, but weak agricultural-equipment demand remains a constraint. Analysts maintain a “Moderate Buy” consensus with a $643.38 average price target, while Deere trades at a relatively elevated P/E ratio of 36.03.

Sumitomo Life Insurance Co. bought a new position in shares of Deere & Company (NYSE:DE - Free Report) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 2,475 shares of the industrial products company's stock, valued at approximately $1,570,000.

Several other institutional investors have also recently made changes to their positions in the company. Cary Street Partners Financial LLC increased its stake in shares of Deere & Company by 11.8% during the fourth quarter. Cary Street Partners Financial LLC now owns 10,312 shares of the industrial products company's stock valued at $4,801,000 after purchasing an additional 1,086 shares in the last quarter. Baxter Bros Inc. bought a new stake in shares of Deere & Company in the 2nd quarter worth approximately $1,707,000. Global Retirement Partners LLC bought a new stake in shares of Deere & Company in the 2nd quarter worth approximately $3,890,000. Spectrum Financial Alliance Ltd LLC grew its stake in shares of Deere & Company by 55.8% in the 4th quarter. Spectrum Financial Alliance Ltd LLC now owns 85,351 shares of the industrial products company's stock worth $39,737,000 after buying an additional 30,553 shares during the last quarter. Finally, Westpac Banking Corp grew its stake in shares of 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 buying an additional 3,047 shares during the last quarter. Institutional investors own 68.58% of the company's stock.

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.

Analysts Set New Price Targets

DE has been the subject of a number of recent research reports. Raymond James Financial lowered their price objective 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 target price on Deere & Company in a research note on Friday, August 14th. Royal Bank Of Canada restated an "outperform" rating and set a $752.00 price target on shares of Deere & Company in a report on Monday, June 1st. Truist Financial lifted their price target on Deere & Company from $759.00 to $812.00 and gave the stock a "buy" rating in a research report on Thursday, July 2nd. Finally, Wall Street Zen lowered Deere & Company from a "hold" rating to a "sell" rating in a research report on Saturday. Fourteen investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $643.38.

Deere & Company Stock Performance

DE stock opened at $648.61 on Friday. The stock's 50 day simple moving average is $606.90 and its 200 day simple moving average is $590.75. The company has a current ratio of 2.10, a quick ratio of 1.95 and a debt-to-equity ratio of 1.45. Deere & Company has a 12-month low of $433.00 and a 12-month high of $674.19. The stock has a market capitalization of $175.08 billion, a PE ratio of 36.03, a price-to-earnings-growth 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. The firm had revenue of $12.61 billion during the quarter, compared to analysts' expectations of $10.81 billion. Deere & Company had a return on equity of 18.10% and a net margin of 10.16%.The company's revenue was up 6.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $4.75 earnings per share. As a group, research analysts forecast that Deere & Company will post 18.23 earnings per share for the current fiscal year.

Deere & Company Announces Dividend

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 $1.62 dividend. The ex-dividend date of this dividend 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 36.00%.

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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