The Manufacturers Life Insurance Company Buys Shares of 186,131 Deere & Company $DE

The Manufacturers Life Insurance Company bought a new stake in Deere & Company (NYSE:DE) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 186,131 shares of the industrial products company’s stock, valued at approximately $118,068,000.

A number of other hedge funds have also made changes to their positions in the stock. Kelly Lawrence W & Associates Inc. CA acquired a new stake in shares of Deere & Company during the second quarter worth approximately $682,000. Van Hulzen Asset Management LLC acquired a new position in Deere & Company in the 2nd quarter valued at approximately $1,210,000. Stockbridge Partners LLC acquired a new position in Deere & Company in the 2nd quarter valued at approximately $359,954,000. Peak Asset Management LLC purchased a new stake in Deere & Company in the 2nd quarter worth approximately $710,000. Finally, Fiduciary Financial Advisors purchased a new stake in Deere & Company in the 2nd quarter worth approximately $329,000. 68.58% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. Citigroup boosted their price target on shares of Deere & Company from $610.00 to $650.00 and gave the company a “neutral” rating in a report on Friday. Barclays increased their price objective on Deere & Company from $640.00 to $675.00 and gave the stock an “overweight” rating in a report on Monday. JPMorgan Chase & Co. lifted their price objective on Deere & Company from $570.00 to $585.00 and gave the company a “neutral” rating in a research report on Friday, August 21st. Truist Financial dropped their target price on Deere & Company from $812.00 to $804.00 and set a “buy” rating on the stock in a research report on Monday. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Deere & Company in a research note on Tuesday, August 18th. Fourteen equities research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $653.48.

Deere & Company News Summary

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

• Positive Sentiment: Strong fiscal third-quarter results: Deere exceeded earnings expectations, with quarterly net income rising 7%. Construction & Forestry sales increased 18% year over year, benefiting from infrastructure investment and AI data-center construction. Deere & Company Strong Quarter Raises the Stakes for an Agricultural Recovery
• Positive Sentiment: Analysts raised their targets: DA Davidson lifted its price target to $760 and maintained a buy rating, while RBC reaffirmed its outperform rating with a $752 target. Analysts cited better-than-expected results, improving equipment orders and potential recovery in farm machinery demand. Deere analyst price-target updates
• Positive Sentiment: Construction and Forestry may provide longer-term growth: Higher volumes, pricing, technology adoption and demand tied to infrastructure spending are strengthening a segment that could help offset weakness in agricultural equipment. Can Construction and Forestry Fuel Deere’s Long-Term Growth?
• Neutral Sentiment: Competitive positioning is mixed: A comparison with Caterpillar concluded that CAT’s record sales, backlog and earnings growth currently give it an advantage over Deere, highlighting divergent outlooks within the heavy-equipment sector. Caterpillar vs. Deere
• Negative Sentiment: Tariff costs are expected to increase: Deere warned of a “step-up” in tariff expenses in 2027, raising concerns about margin pressure and potentially higher prices for customers. Deere expects step-up in tariff costs in 2027
• Negative Sentiment: Labor negotiations pose a future risk: United Auto Workers members rejected Deere’s proposed two-year contract extension, setting up potentially contentious bargaining in 2027. Wage demands and the possibility of operational disruptions could increase costs and uncertainty. UAW Workers Reject Deere’s Contract Extension Offer

Deere & Company Stock Performance

Shares of DE opened at $631.41 on Wednesday. The firm has a market cap of $170.44 billion, a price-to-earnings ratio of 35.08, a price-to-earnings-growth ratio of 2.30 and a beta of 0.90. The company’s fifty day moving average is $609.25 and its 200-day moving average is $592.33. 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 12 month low of $433.00 and a 12 month high of $674.19.

Deere & Company (NYSE:DE) last released its quarterly earnings data on Thursday, August 20th. The industrial products company reported $5.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.69 by $0.41. The business had revenue of $12.61 billion during the quarter, compared to analyst estimates of $10.81 billion. Deere & Company had a net margin of 10.16% and a return on equity of 18.10%. Deere & Company’s quarterly revenue was up 6.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $4.75 EPS. Equities analysts expect that Deere & Company will post 18.11 EPS for the current fiscal year.

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.