1,075 Shares in Deere & Company $DE Acquired by Kelly Lawrence W & Associates Inc. CA

Kelly Lawrence W & Associates Inc. CA bought a new position in Deere & Company (NYSE:DE) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor bought 1,075 shares of the industrial products company’s stock, valued at approximately $682,000.

Several other large investors have also recently bought and sold shares of the company. Mowery & Schoenfeld Wealth Management LLC bought a new position in shares of Deere & Company in the second quarter worth $27,000. Kilter Group LLC purchased a new stake in shares of Deere & Company in the second quarter worth $29,000. Timmons Wealth Management LLC bought a new stake in Deere & Company during the fourth quarter valued at $29,000. McIlrath & Eck LLC bought a new stake in Deere & Company during the fourth quarter valued at $30,000. Finally, Solstein Capital LLC purchased a new position in Deere & Company during the second quarter worth about $30,000. 68.58% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have weighed in on DE shares. Oppenheimer upped their target price on Deere & Company from $680.00 to $685.00 and gave the stock an “outperform” rating in a research note on Thursday. Citigroup boosted their price objective on Deere & Company from $610.00 to $650.00 and gave the stock a “neutral” rating in a report on Friday. DA Davidson upped their price objective on shares of Deere & Company from $685.00 to $760.00 and gave the stock a “buy” rating in a research report on Monday. JPMorgan Chase & Co. raised their target price on shares of Deere & Company from $570.00 to $585.00 and gave the company a “neutral” rating in a research note on Friday. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Deere & Company in a research note on Tuesday, August 18th. Fourteen investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $653.48.

Deere & Company News Summary

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

• Positive Sentiment: Analysts raised their outlook. DA Davidson lifted its price target to $760 from $685 and maintained a “buy” rating, while RBC reaffirmed its “outperform” rating with a $752 target. Analysts cited Deere’s better-than-expected fiscal third quarter, improving equipment orders and prospects for an agriculture-sector recovery. DA Davidson analyst action Deere poised for recovery
• Positive Sentiment: Construction and Forestry is providing meaningful growth support. Higher volumes, pricing gains, demand for construction equipment and increased adoption of Deere’s technology are strengthening the segment and could help offset continued weakness or cyclicality in agriculture. Construction and Forestry growth outlook
• Positive Sentiment: Recent earnings exceeded expectations. Deere reported fiscal third-quarter EPS of $5.10 versus the $4.69 consensus, while revenue of $12.61 billion surpassed the $10.81 billion estimate and increased 6.2% year over year. The beat has reinforced the view that Deere is positioned for a recovery, although agriculture remained comparatively weaker. Deere earnings and farm cycle
• Neutral Sentiment: Valuation and the farm cycle remain investor considerations. Deere’s recent rally reflects stronger earnings and recovery expectations, but investors are weighing whether the stock has moved ahead of the underlying agricultural-equipment cycle.
• Negative Sentiment: UAW members rejected Deere’s proposed two-year contract extension. The vote sets up potentially contentious negotiations ahead of the 2027 contract expiration. UAW President Shawn Fain criticized the proposal as an attempt to bypass the normal bargaining process, raising the risk of higher labor costs, operational disruption or an eventual strike. UAW rejects Deere contract extension

Deere & Company Stock Up 0.2%

DE opened at $648.46 on Tuesday. The business’s fifty day simple moving average is $608.35 and its 200 day simple moving average is $591.88. Deere & Company has a 52 week low of $433.00 and a 52 week high of $674.19. The company has a quick ratio of 1.89, a current ratio of 2.10 and a debt-to-equity ratio of 1.45. The stock has a market cap of $175.04 billion, a PE ratio of 36.03, a P/E/G ratio of 2.74 and a beta of 0.90.

Deere & Company (NYSE:DE) last issued its quarterly earnings results on Thursday, August 20th. The industrial products company reported $5.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.69 by $0.41. Deere & Company had a return on equity of 18.10% and a net margin of 10.16%.The firm had revenue of $12.61 billion during the quarter, compared to analyst estimates of $10.81 billion. During the same quarter in the previous year, the company posted $4.75 earnings per share. The company’s revenue was up 6.2% compared to the same quarter last year. As a group, research analysts expect that Deere & Company will post 18.23 earnings per share for the current fiscal year.

Deere & Company Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 10th. Investors of record on Tuesday, June 30th were issued a dividend of $1.62 per share. This represents a $6.48 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date of this dividend was Tuesday, June 30th. Deere & Company’s dividend payout ratio (DPR) is currently 36.00%.

Deere & 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.