TD Waterhouse Canada Inc. decreased its stake in shares of Deere & Company (NYSE:DE – Free Report) by 20.0% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 93,591 shares of the industrial products company’s stock after selling 23,334 shares during the quarter. TD Waterhouse Canada Inc.’s holdings in Deere & Company were worth $58,846,000 at the end of the most recent quarter.
Several other hedge funds have also bought and sold shares of DE. Brighton Jones LLC raised its holdings in Deere & Company by 39.1% in the 4th quarter. Brighton Jones LLC now owns 4,548 shares of the industrial products company’s stock valued at $1,927,000 after acquiring an additional 1,278 shares during the period. Schnieders Capital Management LLC. increased its position in Deere & Company by 7.8% during the second quarter. Schnieders Capital Management LLC. now owns 2,076 shares of the industrial products company’s stock worth $1,056,000 after acquiring an additional 150 shares during the period. Jump Financial LLC acquired a new stake in Deere & Company in the 2nd quarter worth about $2,153,000. NewEdge Advisors LLC boosted its holdings in Deere & Company by 6.0% in the 2nd quarter. NewEdge Advisors LLC now owns 18,758 shares of the industrial products company’s stock valued at $9,538,000 after purchasing an additional 1,067 shares during the period. Finally, Main Street Financial Solutions LLC lifted its position in shares of Deere & Company by 6.7% during the 2nd quarter. Main Street Financial Solutions LLC now owns 1,551 shares of the industrial products company’s stock valued at $789,000 after acquiring an additional 97 shares during the period. 68.58% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets
A number of research analysts recently issued reports on DE shares. DA Davidson lifted their price objective on shares of Deere & Company from $685.00 to $760.00 and gave the company a “buy” rating in a research note on Monday, August 24th. Raymond James Financial raised their price objective on shares of Deere & Company from $700.00 to $730.00 and gave the company an “outperform” rating in a report on Monday. Truist Financial lowered their target price on Deere & Company from $812.00 to $804.00 and set a “buy” rating for the company in a research report on Monday, August 24th. 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, August 24th. Finally, Bank of America lowered their price objective on Deere & Company from $672.00 to $607.50 and set a “neutral” rating for the company in a research report on Friday, May 22nd. Sixteen investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $680.73.
Deere & Company Stock Performance
NYSE DE opened at $694.00 on Friday. Deere & Company has a 1 year low of $433.00 and a 1 year high of $705.88. 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 cap of $187.12 billion, a price-to-earnings ratio of 38.56, a PEG ratio of 2.88 and a beta of 0.90. The company has a fifty day moving average price of $617.54 and a 200-day moving average price of $595.61.
Deere & Company (NYSE:DE – Get Free Report) last released its quarterly earnings results on Thursday, August 20th. The industrial products company reported $5.10 earnings per share for the quarter, beating analysts’ consensus estimates of $4.69 by $0.41. The company 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%. The firm’s revenue was up 6.2% on a year-over-year basis. During the same period last year, the firm earned $4.75 earnings per share. As a group, equities research analysts predict that Deere & Company will post 18.12 EPS for the current fiscal year.
Deere & Company Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 9th. Shareholders of record on Wednesday, September 30th will be issued a dividend of $1.62 per share. This represents a $6.48 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend is Wednesday, September 30th. Deere & Company’s dividend payout ratio is 36.00%.
Deere & Company News Summary
Here are the key news stories impacting Deere & Company this week:
- Positive Sentiment: Analyst upgrades point to potential recovery. Evercore upgraded Deere from “in-line” to “outperform” and set an $813 price target, implying approximately 17% upside from the referenced share price. Baird also raised its rating from “neutral” to “outperform,” citing a potential recovery in agricultural fundamentals by 2027 and stronger equipment demand. Baird Upgrades Deere to Outperform
- Positive Sentiment: Agricultural rebound is supporting the stock’s momentum. Deere has been highlighted among stocks reaching new 52-week highs, with analysts attributing its strength to improving agricultural prospects. The company’s recent earnings beat and revenue growth also provide fundamental support for the recovery thesis. Market Extremes Flash Warning Signs
- Positive Sentiment: Wall Street research remains focused on Deere’s upside. Deere was included in Thursday’s prominent analyst research coverage as broader markets became more volatile, keeping institutional attention on the company’s recovery outlook. Thursday’s Top Wall Street Analyst Research Calls
- Neutral Sentiment: Unusually heavy options volume signals increased trading interest. The activity may reflect positioning around analyst upgrades and Deere’s extended rally, but it does not establish a clear directional outlook. Deere Sees Unusually Large Options Volume
- Negative Sentiment: Valuation and legal uncertainty remain risks. With Deere trading at a high earnings multiple after its substantial gains, investors may demand continued execution. Separately, farmers have begun filing claims related to a Deere settlement, creating a potential overhang even though the immediate financial impact was not specified. Farmers Can Now File Claim in Deere Settlement
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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