Brokerages Set Deere & Company (NYSE:DE) Price Target at $638.08

Shares of Deere & Company (NYSE:DE) have been assigned a consensus rating of “Moderate Buy” from the twenty-four ratings firms that are covering the company, MarketBeat.com reports. Nine research analysts have rated the stock with a hold rating and fifteen have issued a buy rating on the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $638.0750.

DE has been the subject of several analyst reports. Truist Financial cut their target price on Deere & Company from $793.00 to $759.00 and set a “buy” rating for the company in a research report on Tuesday, May 26th. Weiss Ratings upgraded Deere & Company from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, May 21st. Argus raised their target price on Deere & Company from $540.00 to $700.00 and gave the stock a “buy” rating in a research report on Tuesday, March 3rd. Robert W. Baird cut their price objective on Deere & Company from $580.00 to $525.00 and set a “neutral” rating for the company in a research report on Friday, May 22nd. Finally, Wolfe Research boosted their price objective on Deere & Company from $550.00 to $660.00 and gave the stock an “outperform” rating in a research note on Tuesday, March 31st.

More Deere & Company News

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

• Positive Sentiment: The biggest driver was the U.S. government’s decision to reduce tariffs on imported farm and construction equipment, which should lower costs and support demand for Deere’s machinery. US Lowers Tariffs to Boost Investment in Industrial Economy
• Positive Sentiment: Investors also appear to be refocusing on Deere’s strong fiscal Q2 results, including earnings of $6.55 per share versus expectations of $5.70, along with management’s unchanged full-year FY2026 profit outlook of $4.5 billion to $5.0 billion. Deere jumps as investors refocus on Q2 beat, steady FY26 outlook, and construction strength
• Positive Sentiment: Recent analyst sentiment remains constructive, with RBC Capital reiterating an outperform rating and lifting its price target to $752, implying additional upside from current levels. Deere & Company had its “outperform” rating reaffirmed by Royal Bank Of Canada
• Neutral Sentiment: Commentary also suggests Deere is benefiting from strength in construction equipment and a tariff refund related to IEEPA, but these appear secondary to the earnings and tariff headlines. Deere reaps benefits of IEEPA tariff refund and construction demand
• Neutral Sentiment: One article questioned whether DE is underperforming the industrials sector, but it did not introduce a clear new negative catalyst. Deere & Company Stock: Is DE Underperforming the Industrials Sector?

Hedge Funds Weigh In On Deere & Company

A number of institutional investors have recently modified their holdings of DE. Cary Street Partners Financial LLC boosted its stake in shares of Deere & Company by 11.8% in the 4th quarter. Cary Street Partners Financial LLC now owns 10,312 shares of the industrial products company’s stock valued at $4,801,000 after purchasing an additional 1,086 shares during the last quarter. Spectrum Financial Alliance Ltd LLC grew its holdings in Deere & Company by 55.8% during the 4th quarter. Spectrum Financial Alliance Ltd LLC now owns 85,351 shares of the industrial products company’s stock worth $39,737,000 after acquiring an additional 30,553 shares during the period. Compagnie Lombard Odier SCmA grew its holdings in Deere & Company by 66.1% during the 3rd quarter. Compagnie Lombard Odier SCmA now owns 27,568 shares of the industrial products company’s stock worth $12,606,000 after acquiring an additional 10,974 shares during the period. Public Sector Pension Investment Board grew its holdings in Deere & Company by 14.6% during the 3rd quarter. Public Sector Pension Investment Board now owns 21,174 shares of the industrial products company’s stock worth $9,682,000 after acquiring an additional 2,702 shares during the period. Finally, Ashton Thomas Private Wealth LLC grew its holdings in Deere & Company by 263.8% during the 3rd quarter. Ashton Thomas Private Wealth LLC now owns 17,308 shares of the industrial products company’s stock worth $7,942,000 after acquiring an additional 12,551 shares during the period. 68.58% of the stock is owned by institutional investors.

Deere & Company Price Performance

Deere & Company stock opened at $578.97 on Friday. The company has a debt-to-equity ratio of 1.54, a current ratio of 2.18 and a quick ratio of 1.95. The company has a market capitalization of $156.29 billion, a PE ratio of 32.80, a price-to-earnings-growth ratio of 2.01 and a beta of 0.92. Deere & Company has a one year low of $433.00 and a one year high of $674.19. The business has a 50 day simple moving average of $571.78 and a 200 day simple moving average of $542.99.

Deere & Company (NYSE:DE) last posted its earnings results on Thursday, May 21st. The industrial products company reported $6.55 EPS for the quarter, topping the consensus estimate of $5.70 by $0.85. The business had revenue of $13.37 billion during the quarter, compared to the consensus estimate of $11.55 billion. Deere & Company had a return on equity of 18.25% and a net margin of 10.09%.Deere & Company’s revenue was up 5.4% on a year-over-year basis. During the same quarter last year, the company earned $6.64 EPS. On average, sell-side analysts forecast that Deere & Company will post 18.08 EPS for the current fiscal year.

Deere & Company Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 10th. Shareholders of record on Tuesday, June 30th will be issued a dividend of $1.62 per share. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $6.48 dividend on an annualized basis and a yield of 1.1%. Deere & Company’s dividend payout ratio is currently 36.71%.

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.