Deere & Company (NYSE:DE) Stock Breaks Above 50-Day Moving Average - Should You Sell?

Key Points

• Deere shares broke above their 50-day moving average, reaching $675.88 and last trading near $675, compared with a 50-day average of $663.79.
• Analysts maintain a generally positive view, with a consensus “Moderate Buy” rating and an average price target of $688.10; smart farming, automation and cost controls are cited as potential growth drivers.
• Key risks include weakening wheat prices, which could pressure farmers’ finances and equipment demand, while investors also await the company’s upcoming earnings report.

Deere & Company (NYSE:DE - Get Free Report) passed above its 50 day moving average during trading on Friday. The stock has a 50 day moving average of $663.79 and traded as high as $675.88. Deere & Company shares last traded at $675.03, with a volume of 1,254,125 shares trading hands.

More Deere & Company News

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

• Positive Sentiment: Deere was largely insulated from the machinery-sector selloff that hit Caterpillar after its moderate outlook. The relative resilience suggests investors viewed Deere’s farm-equipment exposure and outlook more favorably. Caterpillar Drops 7% as Moderate Sales Outlook Overshadows Beat; Deere Sits Out the Selloff
• Positive Sentiment: Analysts highlighted smart-farming technology, automation and cost controls as potential support for Deere, particularly as long-term agricultural demand and equipment investment improve. Zacks Industry Outlook Highlights Deere & Co., Kubota and CNH Industrial
• Positive Sentiment: One valuation analysis estimates Deere may be undervalued by approximately 16%, with cybersecurity developments adding a potential catalyst if the company can strengthen its technology and risk-management position. Deere Stock May Be 16% Undervalued on AI Cyberattack News
• Neutral Sentiment: Analysts expect Deere’s upcoming fourth-quarter report to show a single-digit increase in profit, keeping earnings expectations in focus ahead of the release. Deere & Company’s Earnings: What to Expect
• Negative Sentiment: Wheat’s prolonged decline is pressuring farmers’ incomes and balance sheets, which could eventually reduce demand for new agricultural equipment or delay replacement purchases. Farmers Are Getting Crushed as Wheat Slides for a Record Stretch

Analyst Ratings Changes

DE has been the subject of a number of analyst reports. UBS Group lowered their price objective on Deere & Company from $732.00 to $728.00 and set a "buy" rating for the company in a research report on Friday, August 21st. Seaport Research Partners set a $570.00 price objective on Deere & Company in a research note on Friday, August 14th. Evercore upgraded Deere & Company from an "in-line" rating to an "outperform" rating and set a $813.00 target price on the stock in a report on Wednesday, September 2nd. Wall Street Zen downgraded shares of Deere & Company from a "hold" rating to a "sell" rating in a research report on Saturday, August 22nd. Finally, Royal Bank Of Canada reissued an "outperform" rating and set a $752.00 target price on shares of Deere & Company in a research report on Monday, August 24th. Seventeen research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat.com, Deere & Company has a consensus rating of "Moderate Buy" and an average price target of $688.10.

Deere & Company Stock Up 2.3%

The firm's 50 day moving average price is $663.79 and its two-hundred day moving average price is $604.16. The company has a market cap of $182.00 billion, a P/E ratio of 37.50, a price-to-earnings-growth ratio of 2.41 and a beta of 0.86. The company has a debt-to-equity ratio of 1.45, a quick ratio of 1.89 and a current ratio of 2.10.

Deere & Company (NYSE:DE - Get Free Report) last issued its earnings results on Thursday, August 20th. The industrial products company reported $5.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.69 by $0.41. The business had revenue of $12.61 billion for the quarter, compared to analyst estimates of $10.81 billion. Deere & Company had a net margin of 10.16% and a return on equity of 18.10%. Deere & Company's revenue was up 6.2% on a year-over-year basis. During the same period in the prior year, the firm earned $4.75 earnings per share. Equities research analysts anticipate that Deere & Company will post 18.11 EPS for the current fiscal year.

Deere & Company Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 9th. Stockholders of record on Wednesday, September 30th will be issued a dividend of $1.62 per share. The ex-dividend date is Wednesday, September 30th. This represents a $6.48 annualized dividend and a dividend yield of 1.0%. Deere & Company's dividend payout ratio is currently 36.00%.

Hedge Funds Weigh In On Deere & Company

A number of institutional investors and hedge funds have recently made changes to their positions in DE. Mowery & Schoenfeld Wealth Management LLC bought a new stake in shares of Deere & Company in the 2nd quarter worth approximately $27,000. Kilter Group LLC purchased a new position in shares of Deere & Company during the second quarter valued at approximately $29,000. Solstein Capital LLC bought a new position in shares of Deere & Company during the second quarter valued at approximately $30,000. Orion Capital Management LLC bought a new position in shares of Deere & Company during the second quarter valued at approximately $32,000. Finally, Downshift Financial LLC raised its holdings in shares of Deere & Company by 218.8% during the third quarter. Downshift Financial LLC now owns 51 shares of the industrial products company's stock valued at $34,000 after acquiring an additional 35 shares in the last quarter. Institutional investors own 68.58% of the company's stock.

Deere & Company Company Profile

Deere & Company, founded by blacksmith John Deere in 1837, is a global manufacturer of agricultural, construction, forestry and turf-care equipment. The company is headquartered in Moline, Illinois, and operates under the John Deere brand.

Its products include tractors, combines, planters, sprayers, harvesting equipment, loaders, excavators, motor graders, forestry machines, mowers and compact utility equipment. Deere also provides replacement parts, equipment support, financing and technology-enabled solutions designed to improve machine productivity, automation and precision in farming and other industries.

Deere serves customers through dealerships and operations across North America, Latin America, Europe and other international markets.

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