DA Davidson Cuts Deere & Company (NYSE:DE) Price Target to $580.00

Deere & Company (NYSE:DE) had its price objective decreased by DA Davidson from $595.00 to $580.00 in a research report report published on Monday,Benzinga reports. DA Davidson currently has a buy rating on the industrial products company’s stock. DA Davidson also issued estimates for Deere & Company’s Q4 2025 earnings at $3.77 EPS, FY2025 earnings at $18.34 EPS and FY2026 earnings at $20.88 EPS.

Other equities analysts have also recently issued reports about the stock. Melius raised shares of Deere & Company from a “hold” rating to a “buy” rating in a research report on Friday, June 6th. Evercore ISI lifted their price objective on shares of Deere & Company from $455.00 to $493.00 and gave the stock an “in-line” rating in a research report on Monday, May 19th. Robert W. Baird reduced their price objective on shares of Deere & Company from $520.00 to $488.00 and set a “neutral” rating for the company in a research report on Friday, August 15th. Raymond James Financial lifted their price objective on shares of Deere & Company from $530.00 to $560.00 and gave the stock an “outperform” rating in a research report on Friday, May 16th. Finally, Barclays lifted their price objective on shares of Deere & Company from $475.00 to $530.00 and gave the stock an “overweight” rating in a research report on Friday, May 16th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and nine have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Deere & Company currently has a consensus rating of “Moderate Buy” and an average price target of $523.87.

Deere & Company Price Performance

NYSE:DE opened at $492.4310 on Monday. Deere & Company has a 1-year low of $372.12 and a 1-year high of $533.78. The company has a current ratio of 2.19, a quick ratio of 1.98 and a debt-to-equity ratio of 1.76. The firm has a fifty day simple moving average of $509.47 and a 200 day simple moving average of $490.15. The stock has a market capitalization of $133.37 billion, a PE ratio of 25.74, a P/E/G ratio of 3.13 and a beta of 1.06.

Deere & Company (NYSE:DE) last released its earnings results on Thursday, August 14th. The industrial products company reported $4.75 earnings per share for the quarter, beating the consensus estimate of $4.62 by $0.13. Deere & Company had a net margin of 11.72% and a return on equity of 21.97%. The business had revenue of $10.36 billion during the quarter, compared to analysts’ expectations of $10.33 billion. During the same period last year, the business earned $6.29 earnings per share. The firm’s revenue was down 9.0% on a year-over-year basis. On average, research analysts expect that Deere & Company will post 19.32 EPS for the current fiscal year.

Deere & Company Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, August 8th. Stockholders of record on Monday, June 30th were issued a dividend of $1.62 per share. The ex-dividend date of this dividend was Monday, June 30th. This represents a $6.48 dividend on an annualized basis and a dividend yield of 1.3%. Deere & Company’s dividend payout ratio (DPR) is currently 33.87%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of DE. Norges Bank acquired a new position in Deere & Company in the second quarter valued at about $1,578,243,000. GAMMA Investing LLC raised its stake in Deere & Company by 61,215.9% in the first quarter. GAMMA Investing LLC now owns 1,753,022 shares of the industrial products company’s stock valued at $822,781,000 after purchasing an additional 1,750,163 shares in the last quarter. Castlekeep Investment Advisors LLC acquired a new position in Deere & Company in the fourth quarter valued at about $541,437,000. Nuveen LLC acquired a new position in Deere & Company in the first quarter valued at about $571,073,000. Finally, Price T Rowe Associates Inc. MD raised its stake in Deere & Company by 19.9% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 6,589,760 shares of the industrial products company’s stock valued at $2,792,082,000 after purchasing an additional 1,095,736 shares in the last quarter. Institutional investors and hedge funds own 68.58% of the company’s stock.

Deere & Company Company Profile

Deere & Co engages in the manufacture and distribution of equipment used in agriculture, construction, forestry, and turf care. It operates through the following segments: Agriculture and Turf, Construction and Forestry, and Financial Services. The Agriculture and Turf segment focuses on the distribution and manufacture of a full line of agriculture and turf equipment and related service parts.