Castlefield Investment Partners LLP bought a new position in shares of Deere & Company (NYSE:DE – Free Report) in the 2nd quarter, HoldingsChannel reports. The fund bought 9,294 shares of the industrial products company’s stock, valued at approximately $5,895,000. Deere & Company makes up 4.0% of Castlefield Investment Partners LLP’s portfolio, making the stock its 8th biggest holding.
A number of other institutional investors have also made changes to their positions in the stock. Mowery & Schoenfeld Wealth Management LLC acquired a new position in shares of Deere & Company in the 2nd quarter worth approximately $27,000. Kilter Group LLC acquired a new stake in Deere & Company in the 2nd quarter valued at approximately $29,000. Timmons Wealth Management LLC acquired a new stake in Deere & Company in the 4th quarter valued at approximately $29,000. McIlrath & Eck LLC acquired a new stake in Deere & Company in the 4th quarter valued at approximately $30,000. Finally, Solstein Capital LLC purchased a new stake in Deere & Company in the second quarter valued at approximately $30,000. 68.58% of the stock is currently owned by institutional investors and hedge funds.
Deere & Company News Roundup
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.
Deere & Company Price Performance
Deere & Company (NYSE:DE – Get Free Report) last posted its quarterly earnings results on Thursday, August 20th. The industrial products company reported $5.10 EPS for the quarter, topping the consensus estimate of $4.69 by $0.41. The business had revenue of $12.61 billion during the quarter, compared to the consensus estimate of $10.81 billion. Deere & Company had a net margin of 10.16% and a return on equity of 18.10%. The company’s quarterly revenue was up 6.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $4.75 earnings per share. On average, research analysts expect that Deere & Company will post 18.23 EPS for the current fiscal year.
Deere & Company Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Monday, August 10th. Investors of record on Tuesday, June 30th were issued a $1.62 dividend. 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 dividend payout ratio (DPR) is 36.00%.
Analyst Upgrades and Downgrades
A number of research analysts have commented on the company. Oppenheimer upped their price target on Deere & Company from $680.00 to $685.00 and gave the stock an “outperform” rating in a research note on Thursday. 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 cut their price objective on Deere & Company from $672.00 to $607.50 and set a “neutral” rating on the stock in a report on Friday, May 22nd. Wall Street Zen lowered Deere & Company from a “hold” rating to a “sell” rating in a research note on Saturday. Finally, Truist Financial raised their target price on Deere & Company from $759.00 to $812.00 and gave the company a “buy” rating in a report on Thursday, July 2nd. Fourteen equities research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $643.38.
View Our Latest Stock Analysis on Deere & Company
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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