Westpac Banking Corp Buys Shares of 8,807 Deere & Company $DE

Westpac Banking Corp purchased a new position in shares of Deere & Company (NYSE:DE) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 8,807 shares of the industrial products company’s stock, valued at approximately $5,587,000.

A number of other institutional investors also recently bought and sold shares of the stock. Mowery & Schoenfeld Wealth Management LLC acquired a new position in shares of Deere & Company in the second quarter valued at about $27,000. Kilter Group LLC purchased a new position in shares of Deere & Company in the 2nd quarter valued at about $29,000. Timmons Wealth Management LLC purchased a new stake in shares of Deere & Company in the fourth quarter valued at approximately $29,000. McIlrath & Eck LLC purchased a new position in Deere & Company during the fourth quarter valued at $30,000. Finally, Portus Wealth Advisors LLC acquired a new position in shares of Deere & Company during the first quarter valued at approximately $32,000. 68.58% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

DE has been the subject of a number of analyst reports. Seaport Research Partners set a $570.00 price target on Deere & Company in a research report on Friday, August 14th. JPMorgan Chase & Co. lifted their target price on shares of Deere & Company from $570.00 to $585.00 and gave the stock a “neutral” rating in a research note on Friday. Citigroup increased their price target on shares of Deere & Company from $610.00 to $650.00 and gave the company a “neutral” rating in a research note on Friday. Bank of America cut their price target on shares of Deere & Company from $672.00 to $607.50 and set a “neutral” rating for the company in a report on Friday, May 22nd. Finally, Royal Bank Of Canada reiterated an “outperform” rating and issued a $752.00 price objective on shares of Deere & Company in a report on Monday, June 1st. Fourteen research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $643.38.

Deere & Company Stock Up 4.5%

Shares of DE opened at $648.61 on Friday. The company’s 50-day simple moving average is $606.90 and its 200-day simple moving average is $590.75. The stock has a market capitalization of $175.08 billion, a PE ratio of 36.03, a P/E/G ratio of 2.63 and a beta of 0.90. 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 has a 1 year low of $433.00 and a 1 year high of $674.19.

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 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 company had revenue of $12.61 billion for the quarter, compared to the consensus estimate of $10.81 billion. During the same quarter in the prior year, the business earned $4.75 EPS. Deere & Company’s revenue was up 6.2% on a year-over-year basis. Analysts forecast that Deere & Company will post 18.23 earnings per share for the current fiscal year.

Deere & Company Dividend Announcement

The firm also recently disclosed 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 was Tuesday, June 30th. This represents a $6.48 dividend on an annualized basis and a dividend yield of 1.0%. Deere & Company’s dividend payout ratio is presently 36.00%.

Trending Headlines about Deere & Company

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.

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.