MidAtlantic Capital Management Inc. Takes $571,000 Position in Deere & Company $DE

MidAtlantic Capital Management Inc. acquired a new stake in Deere & Company (NYSE:DE) in the second quarter, according to the company in its most recent filing with the SEC. The firm acquired 900 shares of the industrial products company’s stock, valued at approximately $571,000. Deere & Company comprises 0.4% of MidAtlantic Capital Management Inc.’s holdings, making the stock its 25th biggest position.

Several other hedge funds have also added to or reduced their stakes in DE. BlackRock Inc. acquired a new position in Deere & Company in the 2nd quarter valued at approximately $11,763,504,000. Norges Bank bought a new position in shares of Deere & Company during the fourth quarter valued at $1,715,633,000. Capital World Investors lifted its holdings in shares of Deere & Company by 53.9% during the fourth quarter. Capital World Investors now owns 9,592,004 shares of the industrial products company’s stock worth $4,465,906,000 after purchasing an additional 3,358,264 shares during the period. Bank of New York Mellon Corp acquired a new position in shares of Deere & Company during the second quarter worth $1,259,279,000. Finally, Northwestern Mutual Wealth Management Co. grew its stake in shares of Deere & Company by 1,725.8% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 2,003,715 shares of the industrial products company’s stock worth $932,870,000 after purchasing an additional 1,893,972 shares during the last quarter. 68.58% of the stock is currently owned by institutional investors and hedge funds.

Deere & Company Stock Performance

Shares of DE opened at $580.06 on Thursday. The company has a current ratio of 2.18, a quick ratio of 1.95 and a debt-to-equity ratio of 1.54. The stock has a market capitalization of $156.58 billion, a P/E ratio of 32.86, a price-to-earnings-growth ratio of 2.49 and a beta of 0.90. The firm’s fifty day simple moving average is $604.36 and its two-hundred day simple moving average is $589.65. Deere & Company has a 12 month low of $433.00 and a 12 month high of $674.19.

Deere & Company (NYSE:DE) last posted its quarterly earnings data on Thursday, August 20th. The industrial products company reported $5.10 earnings per share for the quarter, topping the consensus estimate of $4.71 by $0.39. The firm had revenue of $12.61 billion during the quarter, compared to analyst estimates of $10.81 billion. Deere & Company had a return on equity of 18.25% and a net margin of 10.09%. As a group, analysts predict that Deere & Company will post 18.21 EPS for the current year.

Deere & Company Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, August 10th. Investors of record on Tuesday, June 30th were paid a dividend of $1.62 per share. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $6.48 annualized dividend and a yield of 1.1%. Deere & Company’s dividend payout ratio (DPR) is currently 36.71%.

Deere & Company News Summary

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

• Positive Sentiment: Analysts expect Deere to report approximately $4.70–$4.79 in earnings per share and about $10.73–$10.78 billion in revenue. Although revenue would be below the prior-year quarter, the estimates have reportedly moved higher ahead of the release, creating potential for a positive reaction if Deere beats expectations. Deere Set to Report Q3 Earnings
• Positive Sentiment: Investors are watching whether Deere’s precision-agriculture technology and exposure to data-center-related infrastructure can support growth beyond traditional farm machinery. Evidence of resilient technology demand or stronger margins could reinforce the company’s longer-term investment narrative. Deere Q3 Preview
• Neutral Sentiment: The earnings announcement is the immediate catalyst, with investors focused on management’s outlook for agriculture, construction equipment, inventories and full-year profitability. Analysts remain mixed, including JPMorgan’s Neutral rating, suggesting expectations are not uniformly bullish. Deere Dividends Ahead of Q3 Earnings
• Negative Sentiment: Consensus revenue of roughly $10.73 billion would decline from $12.02 billion a year earlier, reflecting pressure in the farming sector. Weak farm spending and elevated production costs could weigh on margins and make it harder for Deere to deliver a strong outlook. Deere Earnings and Precision Agriculture

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on DE. Citigroup increased their price objective on Deere & Company from $575.00 to $610.00 and gave the company a “neutral” rating in a report on Tuesday, July 14th. Seaport Research Partners set a $570.00 target price on Deere & Company in a report on Friday, August 14th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Deere & Company in a research report on Tuesday. Truist Financial increased their price target on Deere & Company from $759.00 to $812.00 and gave the company a “buy” rating in a research note on Thursday, July 2nd. Finally, Royal Bank Of Canada restated an “outperform” rating and set a $752.00 price objective on shares of Deere & Company in a research report on Monday, June 1st. Fourteen research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. According to MarketBeat, Deere & Company presently has an average rating of “Moderate Buy” and an average target price of $641.98.

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.