Deere & Company (NYSE:DE) Given New $700.00 Price Target at Raymond James Financial

Deere & Company (NYSE:DE) had its price objective reduced by Raymond James Financial from $765.00 to $700.00 in a research report sent to investors on Friday morning,MarketScreener reports. They currently have an outperform rating on the industrial products company’s stock.

Several other research firms have also recently commented on DE. Weiss Ratings upgraded Deere & Company from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday. Citigroup dropped their price target on Deere & Company from $625.00 to $595.00 and set a “neutral” rating on the stock in a research report on Friday. Morgan Stanley lifted their price target on shares of Deere & Company from $560.00 to $730.00 and gave the company an “overweight” rating in a report on Monday, February 23rd. Royal Bank Of Canada lifted their target price on Deere & Company from $541.00 to $736.00 and gave the company an “outperform” rating in a research note on Friday, February 20th. Finally, Barclays increased their target price on Deere & Company from $530.00 to $640.00 and gave the stock an “overweight” rating in a research report on Tuesday, March 31st. Fifteen analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $640.73.

Deere & Company Trading Down 0.3%

Shares of DE stock opened at $529.88 on Friday. Deere & Company has a 1-year low of $433.00 and a 1-year high of $674.19. The company has a debt-to-equity ratio of 1.54, a current ratio of 2.18 and a quick ratio of 1.96. The business’s fifty day moving average price is $576.52 and its 200 day moving average price is $539.80. The firm has a market capitalization of $143.13 billion, a PE ratio of 30.02, a P/E/G ratio of 1.85 and a beta of 0.96.

Deere & Company (NYSE:DE) last announced its quarterly earnings results on Thursday, May 21st. The industrial products company reported $6.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.70 by $0.85. The business had revenue of $11.78 billion during the quarter, compared to the consensus estimate of $11.55 billion. Deere & Company had a net margin of 10.09% and a return on equity of 18.25%. The business’s revenue was up 5.4% compared to the same quarter last year. During the same quarter last year, the firm posted $6.64 EPS. As a group, sell-side analysts forecast that Deere & Company will post 18.01 EPS for the current fiscal year.

Deere & Company Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 8th. Stockholders of record on Tuesday, March 31st were paid a $1.62 dividend. This represents a $6.48 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date was Tuesday, March 31st. Deere & Company’s payout ratio is presently 36.53%.

Institutional Trading of Deere & Company

A number of hedge funds have recently modified their holdings of the company. Strategic Advocates LLC bought a new position in Deere & Company in the third quarter worth $25,000. Portus Wealth Advisors LLC bought a new position in shares of Deere & Company during the 1st quarter worth about $32,000. Key Capital Management INC acquired a new stake in shares of Deere & Company during the 4th quarter valued at about $27,000. Timmons Wealth Management LLC bought a new stake in Deere & Company in the fourth quarter valued at about $29,000. Finally, McIlrath & Eck LLC acquired a new position in Deere & Company in the fourth quarter worth about $30,000. Institutional investors own 68.58% of the company’s stock.

Trending Headlines about Deere & Company

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

• Positive Sentiment: Deere beat Q2 estimates on both earnings and revenue, with EPS of $6.55 and sales of $13.37 billion, helped by strength in Construction & Forestry and Small Ag & Turf. Deere Beats Q2 Estimates, But Ag Weakness Weighs on Outlook
• Positive Sentiment: Management raised its Construction & Forestry outlook, citing strong demand tied to data center and AI infrastructure spending, which supports a non-farm growth engine for Deere. Deere forecasts FY2026 net income of $4.5B-$5B while lifting construction & forestry sales outlook to up ~20%
• Neutral Sentiment: Several analysts adjusted price targets after earnings, but most kept neutral or buy ratings, suggesting Wall Street sees limited near-term upside until the ag cycle improves. JPMorgan adjusts price target on Deere Co. to $560 from $550, maintains neutral rating
• Neutral Sentiment: Deere maintained its full-year net income forecast of $4.5 billion to $5.0 billion, which reassured investors on guidance but did not signal a stronger rebound in the core farm market. Deere beats second-quarter profit estimate but maintains full-year forecast
• Negative Sentiment: Weak Production & Precision Agriculture sales, down sharply year over year, remain the main concern and are weighing on investor sentiment about Deere’s earnings quality and valuation. Deere Beats Q2 Estimates, But Ag Weakness Weighs on Outlook
• Negative Sentiment: A new class-action lawsuit over right-to-repair practices adds another legal overhang, potentially raising questions about Deere’s aftermarket model and customer relations. Deere Lawsuit Puts Right To Repair Model And Aftermarket Profits Under Review

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.