Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Deere & Company (NYSE:DE – Free Report) by 2.5% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 139,887 shares of the industrial products company’s stock after purchasing an additional 3,392 shares during the quarter. Northwestern Mutual Wealth Management Co. owned about 0.05% of Deere & Company worth $88,735,000 as of its most recent SEC filing.
Other hedge funds have also recently made changes to their positions in the company. Mowery & Schoenfeld Wealth Management LLC bought a new stake in shares of Deere & Company in the 2nd quarter valued at approximately $27,000. Kilter Group LLC bought a new stake in Deere & Company in the second quarter worth $29,000. Timmons Wealth Management LLC purchased a new position in Deere & Company during the fourth quarter worth $29,000. McIlrath & Eck LLC bought a new position in Deere & Company during the fourth quarter valued at $30,000. Finally, Solstein Capital LLC purchased a new stake in shares of Deere & Company in the second quarter valued at $30,000. 68.58% of the stock is currently owned by hedge funds and other institutional investors.
Deere & Company Stock Up 3.0%
Deere & Company stock opened at $674.74 on Wednesday. The business’s 50-day simple moving average is $614.39 and its two-hundred day simple moving average is $594.27. The company has a market cap of $181.92 billion, a PE ratio of 37.49, a PEG ratio of 2.70 and a beta of 0.90. Deere & Company has a fifty-two week low of $433.00 and a fifty-two week high of $677.89. 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 Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Monday, November 9th. Investors 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 1.0%. The ex-dividend date of this dividend is Wednesday, September 30th. Deere & Company’s dividend payout ratio (DPR) is 36.00%.
Key Deere & Company News
Here are the key news stories impacting Deere & Company this week:
- Positive Sentiment: Baird upgraded Deere to Outperform from Neutral and raised its price target to $800 from $640. The firm expects improving North American agricultural fundamentals in 2027, including potentially stronger corn prices and row-crop demand. Baird Just Upgraded Deere Stock. Here’s Why
- Positive Sentiment: The upgrade reinforces a recovery thesis: Baird believes the current farm-equipment downturn could bottom in 2026, setting up stronger equipment demand and profits in 2027. The call also lifted sentiment across agricultural machinery stocks. How Deere Stock Can Hit $800. A Farming Recovery Is Coming.
- Positive Sentiment: Deere’s latest quarterly results provide additional support for the bullish outlook. The company exceeded earnings and revenue expectations, reported year-over-year revenue growth, and raised fiscal 2026 net-income guidance to approximately $4.75 billion-$5.00 billion.
- Positive Sentiment: Unusually heavy call-option activity, with investors purchasing roughly 61% more calls than typical, signals increased short-term bullish positioning, although options activity can also amplify volatility.
- Positive Sentiment: Deere launched “JD,” an artificial-intelligence assistant integrated into its Operations Center. The tool is designed to help farmers analyze field data and make operational decisions, potentially strengthening Deere’s technology offering and customer relationships. Deere launches AI assistant named JD to guide farmers
Analysts Set New Price Targets
DE has been the topic of several analyst reports. Royal Bank Of Canada reiterated an “outperform” rating and set a $752.00 price target on shares of Deere & Company in a report on Monday, August 24th. UBS Group dropped their price objective on Deere & Company from $732.00 to $728.00 and set a “buy” rating on the stock in a research note on Friday, August 21st. Truist Financial dropped their target price on shares of Deere & Company from $812.00 to $804.00 and set a “buy” rating on the stock in a report on Monday, August 24th. JPMorgan Chase & Co. boosted their price objective on shares of Deere & Company from $570.00 to $585.00 and gave the stock a “neutral” rating in a research note on Friday, August 21st. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Deere & Company in a research note on Tuesday, August 18th. Sixteen equities 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, Deere & Company presently has an average rating of “Moderate Buy” and a consensus price target of $662.98.
Read Our Latest Analysis on Deere & Company
Deere & Company 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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