Deere & Company (NYSE:DE) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Shares of Deere & Company (NYSE:DE) have been given a consensus rating of “Moderate Buy” by the twenty-four research firms that are covering the firm, Marketbeat Ratings reports. Nine analysts have rated the stock with a hold recommendation and fifteen have assigned a buy recommendation to the company. The average 12 month price target among brokers that have covered the stock in the last year is $639.5750.

A number of equities analysts have recently issued reports on DE shares. JPMorgan Chase & Co. raised their price objective on Deere & Company from $560.00 to $590.00 and gave the stock a “neutral” rating in a research report on Thursday. Raymond James Financial decreased their target price on shares of Deere & Company from $765.00 to $700.00 and set an “outperform” rating for the company in a research report on Friday, May 22nd. Barclays raised their price target on shares of Deere & Company from $530.00 to $640.00 and gave the stock an “overweight” rating in a report on Tuesday, March 31st. DA Davidson dropped their price target on shares of Deere & Company from $775.00 to $685.00 and set a “buy” rating on the stock in a research report on Friday, May 22nd. Finally, UBS Group upped their price objective on shares of Deere & Company from $535.00 to $775.00 and gave the company a “buy” rating in a research note on Friday, February 20th.

More Deere & Company News

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

• Positive Sentiment: The biggest driver is tariff relief: the U.S. reduced tariffs on imported farm and construction equipment, which has fueled a sharp rally in Deere shares and raised hopes for better profitability. Bellwether Stock Surges Above Key Level. Trump Is Why.
• Positive Sentiment: JPMorgan raised its price target on Deere to $590 from $560, signaling continued confidence in the stock even though the rating remains neutral. JPMorgan adjusts price target on Deere company to 590 from 560, maintains neutral rating
• Positive Sentiment: Commentary suggests Deere could benefit alongside other equipment makers if additional tariff cuts are finalized, which would be another margin tailwind. When Trump Cuts Tariffs on Farm and Construction Equipment, These 5 Stocks Win Big
• Neutral Sentiment: Deere recovered $272 million in tariff refunds, but executives still expect about $900 million in net tariff costs for the current fiscal year, limiting the near-term benefit. Deere recovers 272M in tariff refunds
• Neutral Sentiment: Broader articles on Deere’s long-term brand strength and its strong year-to-date rally are more background than immediate stock catalysts. Is It Time To Reassess Deere (DE) After Its Strong Year To Date Rally?

Institutional Trading of Deere & Company

A number of large investors have recently bought and sold shares of the business. Norges Bank acquired a new stake in Deere & Company during the fourth quarter worth approximately $1,715,633,000. Capital World Investors lifted its stake in Deere & Company by 53.9% in the fourth quarter. Capital World Investors now owns 9,592,004 shares of the industrial products company’s stock valued at $4,465,906,000 after buying an additional 3,358,264 shares during the period. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Deere & Company by 1,725.8% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 2,003,715 shares of the industrial products company’s stock worth $932,870,000 after buying an additional 1,893,972 shares in the last quarter. M&T Bank Corp boosted its holdings in shares of Deere & Company by 1,199.8% during the 4th quarter. M&T Bank Corp now owns 1,864,701 shares of the industrial products company’s stock worth $868,149,000 after buying an additional 1,721,239 shares in the last quarter. Finally, Diamant Asset Management Inc. grew its position in shares of Deere & Company by 56,230.0% during the 1st quarter. Diamant Asset Management Inc. now owns 610,617 shares of the industrial products company’s stock worth $343,961,000 after buying an additional 609,533 shares during the period. 68.58% of the stock is currently owned by institutional investors and hedge funds.

Deere & Company Stock Performance

NYSE DE opened at $592.40 on Friday. The company has a market capitalization of $159.91 billion, a price-to-earnings ratio of 33.56, a PEG ratio of 2.18 and a beta of 0.92. The company has a quick ratio of 1.95, a current ratio of 2.18 and a debt-to-equity ratio of 1.54. Deere & Company has a twelve month low of $433.00 and a twelve month high of $674.19. The stock has a fifty day simple moving average of $572.75 and a 200 day simple moving average of $545.33.

Deere & Company (NYSE:DE) last announced its earnings results on Thursday, May 21st. The industrial products company reported $6.55 EPS for the quarter, topping the consensus estimate of $5.70 by $0.85. Deere & Company had a return on equity of 18.25% and a net margin of 10.09%.The firm had revenue of $13.37 billion for the quarter, compared to the consensus estimate of $11.55 billion. During the same period in the previous year, the business earned $6.64 EPS. The business’s quarterly revenue was up 5.4% compared to the same quarter last year. Sell-side analysts expect that Deere & Company will post 18.08 EPS for the current year.

Deere & Company Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, August 10th. Investors of record on Tuesday, June 30th will be issued a $1.62 dividend. The ex-dividend date is Tuesday, June 30th. This represents a $6.48 annualized dividend and a yield of 1.1%. Deere & Company’s payout ratio is presently 36.71%.

About Deere & Company

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.