1,119 Shares in Deere & Company $DE Purchased by Peak Asset Management LLC

Peak Asset Management LLC purchased a new stake in Deere & Company (NYSE:DE) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 1,119 shares of the industrial products company’s stock, valued at approximately $710,000.

Several other institutional investors have also recently made changes to their positions in the stock. Mowery & Schoenfeld Wealth Management LLC acquired 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 during the second quarter worth $29,000. Timmons Wealth Management LLC bought a new position in shares of Deere & Company in the 4th quarter valued at about $29,000. McIlrath & Eck LLC bought a new stake in shares of Deere & Company in the 4th quarter valued at about $30,000. Finally, Solstein Capital LLC acquired a new stake in Deere & Company in the 2nd quarter valued at about $30,000. Institutional investors and hedge funds own 68.58% of the company’s stock.

Deere & Company Trading Up 0.2%

DE opened at $648.46 on Tuesday. The company has a quick ratio of 1.89, a current ratio of 2.10 and a debt-to-equity ratio of 1.45. Deere & Company has a twelve month low of $433.00 and a twelve month high of $674.19. The stock has a market capitalization of $175.04 billion, a price-to-earnings ratio of 36.03, a P/E/G ratio of 2.74 and a beta of 0.90. The company has a 50-day simple moving average of $608.35 and a 200 day simple moving average of $591.88.

Deere & Company (NYSE:DE) last issued its quarterly earnings results on Thursday, August 20th. The industrial products company reported $5.10 earnings per share for the quarter, topping analysts’ consensus estimates of $4.69 by $0.41. The company 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% on a year-over-year basis. During the same quarter in the prior year, the firm posted $4.75 EPS. Analysts predict that Deere & Company will post 18.23 EPS for the current fiscal year.

Deere & Company Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, August 10th. Stockholders of record on Tuesday, June 30th were paid a $1.62 dividend. The ex-dividend date was Tuesday, June 30th. This represents a $6.48 annualized dividend and a dividend yield of 1.0%. Deere & Company’s dividend payout ratio (DPR) is presently 36.00%.

Key Headlines Impacting Deere & Company

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

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on DE shares. Oppenheimer boosted their price target on Deere & Company from $680.00 to $685.00 and gave the stock an “outperform” rating in a research report on Thursday. Truist Financial decreased their target price on Deere & Company from $812.00 to $804.00 and set a “buy” rating on the stock in a report on Monday. Seaport Research Partners set a $570.00 price target on Deere & Company in a report on Friday, August 14th. DA Davidson increased their price objective on shares of Deere & Company from $685.00 to $760.00 and gave the company a “buy” rating in a research report on Monday. Finally, Raymond James Financial reduced their target price on shares of Deere & Company from $765.00 to $700.00 and set an “outperform” rating for the company in a report on Friday, May 22nd. Fourteen investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. According to MarketBeat.com, Deere & Company has an average rating of “Moderate Buy” and an average price target of $653.48.

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.