OVERSEA CHINESE BANKING Corp Ltd Buys Shares of 2,000 Deere & Company $DE

OVERSEA CHINESE BANKING Corp Ltd purchased a new position in shares of Deere & Company (NYSE:DE) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 2,000 shares of the industrial products company’s stock, valued at approximately $1,269,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of DE. Cary Street Partners Financial LLC lifted its stake in Deere & Company by 11.8% in the fourth quarter. Cary Street Partners Financial LLC now owns 10,312 shares of the industrial products company’s stock valued at $4,801,000 after buying an additional 1,086 shares during the period. Baxter Bros Inc. acquired a new stake in shares of Deere & Company during the 2nd quarter worth approximately $1,707,000. Global Retirement Partners LLC acquired a new stake in shares of Deere & Company during the 2nd quarter worth approximately $3,890,000. Spectrum Financial Alliance Ltd LLC increased its stake in shares of Deere & Company by 55.8% in the 4th quarter. Spectrum Financial Alliance Ltd LLC now owns 85,351 shares of the industrial products company’s stock valued at $39,737,000 after acquiring an additional 30,553 shares in the last quarter. Finally, Westpac Banking Corp increased its stake in shares of Deere & Company by 78.6% in the 4th quarter. Westpac Banking Corp now owns 6,925 shares of the industrial products company’s stock valued at $3,224,000 after acquiring an additional 3,047 shares in the last quarter. Institutional investors and hedge funds own 68.58% of the company’s stock.

Key Deere & Company News

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.

Analysts Set New Price Targets

DE has been the topic of several research analyst reports. UBS Group cut their target price on shares of Deere & Company from $732.00 to $728.00 and set a “buy” rating on the stock in a research note on Friday. Bank of America decreased their price target on shares of Deere & Company from $672.00 to $607.50 and set a “neutral” rating for the company in a research note on Friday, May 22nd. Oppenheimer upped their price objective on shares of Deere & Company from $680.00 to $685.00 and gave the company an “outperform” rating in a report on Thursday. Robert W. Baird increased their price objective on shares of Deere & Company from $525.00 to $640.00 and gave the stock a “neutral” rating in a research report on Friday. Finally, JPMorgan Chase & Co. increased their price objective on shares of Deere & Company from $570.00 to $585.00 and gave the stock a “neutral” rating in a research report on Friday. Fourteen analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. According to MarketBeat, Deere & Company presently has a consensus rating of “Moderate Buy” and an average target price of $643.38.

Deere & Company Stock Up 4.5%

Deere & Company stock opened at $648.61 on Friday. Deere & Company has a fifty-two week low of $433.00 and a fifty-two week high of $674.19. The stock has a market cap of $175.08 billion, a PE ratio of 36.03, a price-to-earnings-growth ratio of 2.63 and a beta of 0.90. The firm’s 50-day simple moving average is $606.90 and its 200 day simple moving average is $590.75. The company has a debt-to-equity ratio of 1.45, a quick ratio of 1.95 and a current ratio of 2.10.

Deere & Company (NYSE:DE) last issued its quarterly earnings data on Thursday, August 20th. The industrial products company reported $5.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 firm’s quarterly revenue was up 6.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $4.75 EPS. Research analysts predict that Deere & Company will post 18.23 EPS for the current fiscal year.

Deere & Company Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, August 10th. Stockholders of record on Tuesday, June 30th were issued a $1.62 dividend. The ex-dividend date of this dividend was Tuesday, June 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%.

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.