The Manufacturers Life Insurance Company acquired a new position in Deere & Company (NYSE:DE - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 186,131 shares of the industrial products company's stock, valued at approximately $118,068,000. The Manufacturers Life Insurance Company owned approximately 0.07% of Deere & Company as of its most recent filing with the SEC.
Several other institutional investors have also modified their holdings of DE. Anchyra Partners LLC lifted its holdings in Deere & Company by 0.5% in the 1st quarter. Anchyra Partners LLC now owns 3,191 shares of the industrial products company's stock valued at $1,797,000 after acquiring an additional 17 shares during the last quarter. William B. Walkup & Associates Inc. boosted its position in shares of Deere & Company by 0.6% during the 1st quarter. William B. Walkup & Associates Inc. now owns 2,908 shares of the industrial products company's stock valued at $1,638,000 after purchasing an additional 17 shares in the last quarter. Advisortrust Partners LLC grew its stake in shares of Deere & Company by 2.0% in the 1st quarter. Advisortrust Partners LLC now owns 914 shares of the industrial products company's stock worth $515,000 after purchasing an additional 18 shares during the last quarter. Cerro Pacific Wealth Advisors LLC raised its holdings in shares of Deere & Company by 0.6% in the 4th quarter. Cerro Pacific Wealth Advisors LLC now owns 3,179 shares of the industrial products company's stock worth $1,480,000 after purchasing an additional 19 shares in the last quarter. Finally, Hazlett Burt & Watson Inc. raised its holdings in shares of Deere & Company by 2.4% in the 4th quarter. Hazlett Burt & Watson Inc. now owns 816 shares of the industrial products company's stock worth $379,000 after purchasing an additional 19 shares in the last quarter. Institutional investors and hedge funds own 68.58% of the company's stock.
Wall Street Analysts Forecast Growth
Several research analysts have issued reports on the stock. Barclays lifted their price target on shares of Deere & Company from $640.00 to $675.00 and gave the stock an "overweight" rating in a research report on Monday. JPMorgan Chase & Co. increased their price objective on Deere & Company from $570.00 to $585.00 and gave the company a "neutral" rating in a research report on Friday, August 21st. UBS Group reduced their price objective on Deere & Company from $732.00 to $728.00 and set a "buy" rating for the company in a research note on Friday. Robert W. Baird lifted their target price on Deere & Company from $525.00 to $640.00 and gave the stock a "neutral" rating in a report on Friday, August 21st. Finally, Weiss Ratings reaffirmed a "hold (c+)" rating on shares of Deere & Company in a research report on Tuesday, August 18th. Fourteen investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $653.48.
View Our Latest Analysis on DE
More Deere & Company News
Here are the key news stories impacting Deere & Company this week:
- Positive Sentiment: Strong fiscal third-quarter results: Deere exceeded earnings expectations, with quarterly net income rising 7%. Construction & Forestry sales increased 18% year over year, benefiting from infrastructure investment and AI data-center construction. Deere & Company Strong Quarter Raises the Stakes for an Agricultural Recovery
- Positive Sentiment: Analysts raised their targets: DA Davidson lifted its price target to $760 and maintained a buy rating, while RBC reaffirmed its outperform rating with a $752 target. Analysts cited better-than-expected results, improving equipment orders and potential recovery in farm machinery demand. Deere analyst price-target updates
- Positive Sentiment: Construction and Forestry may provide longer-term growth: Higher volumes, pricing, technology adoption and demand tied to infrastructure spending are strengthening a segment that could help offset weakness in agricultural equipment. Can Construction and Forestry Fuel Deere’s Long-Term Growth?
- Neutral Sentiment: Competitive positioning is mixed: A comparison with Caterpillar concluded that CAT’s record sales, backlog and earnings growth currently give it an advantage over Deere, highlighting divergent outlooks within the heavy-equipment sector. Caterpillar vs. Deere
- Negative Sentiment: Tariff costs are expected to increase: Deere warned of a “step-up” in tariff expenses in 2027, raising concerns about margin pressure and potentially higher prices for customers. Deere expects step-up in tariff costs in 2027
- Negative Sentiment: Labor negotiations pose a future risk: United Auto Workers members rejected Deere’s proposed two-year contract extension, setting up potentially contentious bargaining in 2027. Wage demands and the possibility of operational disruptions could increase costs and uncertainty. UAW Workers Reject Deere’s Contract Extension Offer
Deere & Company Stock Down 2.7%
DE stock opened at $631.41 on Wednesday. Deere & Company has a 52-week low of $433.00 and a 52-week high of $674.19. The company's 50 day simple moving average is $609.25 and its 200-day simple moving average is $592.33. The company has a debt-to-equity ratio of 1.45, a current ratio of 2.10 and a quick ratio of 1.89. The firm has a market capitalization of $170.44 billion, a P/E ratio of 35.08, a P/E/G ratio of 2.30 and a beta of 0.90.
Deere & Company (NYSE:DE - Get Free Report) last issued its quarterly earnings results on Thursday, August 20th. The industrial products company reported $5.10 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 business had revenue of $12.61 billion during the quarter, compared to the consensus estimate of $10.81 billion. During the same quarter in the prior year, the firm earned $4.75 EPS. The firm's quarterly revenue was up 6.2% on a year-over-year basis. As a group, equities research analysts anticipate that Deere & Company will post 18.11 EPS for the current year.
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.
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