1,509,398 Shares in Deere & Company $DE Acquired by Legal & General Group Plc

Legal & General Group Plc purchased a new stake in Deere & Company (NYSE:DE) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 1,509,398 shares of the industrial products company’s stock, valued at approximately $957,456,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. The Manufacturers Life Insurance Company bought a new position in Deere & Company during the 2nd quarter worth $118,068,000. Kelly Lawrence W & Associates Inc. CA bought a new stake in shares of Deere & Company in the second quarter valued at about $682,000. Van Hulzen Asset Management LLC acquired a new position in shares of Deere & Company in the second quarter valued at about $1,210,000. Stockbridge Partners LLC acquired a new position in shares of Deere & Company in the second quarter valued at about $359,954,000. Finally, Peak Asset Management LLC bought a new position in Deere & Company during the second quarter worth about $710,000. 68.58% of the stock is owned by institutional investors and hedge funds.

Key Deere & Company News

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

• Positive Sentiment: Analysts raised their outlook. DA Davidson lifted its price target to $760 from $685 and maintained a “buy” rating, while RBC reaffirmed its “outperform” rating with a $752 target. Analysts cited Deere’s better-than-expected fiscal third quarter, improving equipment orders and prospects for an agriculture-sector recovery. DA Davidson analyst action Deere poised for recovery
• Positive Sentiment: Construction and Forestry is providing meaningful growth support. Higher volumes, pricing gains, demand for construction equipment and increased adoption of Deere’s technology are strengthening the segment and could help offset continued weakness or cyclicality in agriculture. Construction and Forestry growth outlook
• Positive Sentiment: Recent earnings exceeded expectations. Deere reported fiscal third-quarter EPS of $5.10 versus the $4.69 consensus, while revenue of $12.61 billion surpassed the $10.81 billion estimate and increased 6.2% year over year. The beat has reinforced the view that Deere is positioned for a recovery, although agriculture remained comparatively weaker. Deere earnings and farm cycle
• Neutral Sentiment: Valuation and the farm cycle remain investor considerations. Deere’s recent rally reflects stronger earnings and recovery expectations, but investors are weighing whether the stock has moved ahead of the underlying agricultural-equipment cycle.
• Negative Sentiment: UAW members rejected Deere’s proposed two-year contract extension. The vote sets up potentially contentious negotiations ahead of the 2027 contract expiration. UAW President Shawn Fain criticized the proposal as an attempt to bypass the normal bargaining process, raising the risk of higher labor costs, operational disruption or an eventual strike. UAW rejects Deere contract extension

Analysts Set New Price Targets

Several analysts have weighed in on DE shares. Oppenheimer lifted their price objective on shares of Deere & Company from $680.00 to $685.00 and gave the stock an “outperform” rating in a research note on Thursday. Robert W. Baird raised their target price on shares of Deere & Company from $525.00 to $640.00 and gave the stock a “neutral” rating in a report on Friday. Barclays lifted their price target on shares of Deere & Company from $640.00 to $675.00 and gave the company an “overweight” rating in a research report on Monday. UBS Group lowered their price objective on Deere & Company from $732.00 to $728.00 and set a “buy” rating on the stock in a research note on Friday. Finally, Raymond James Financial dropped their price objective on Deere & Company from $765.00 to $700.00 and set an “outperform” rating for the company in a report on Friday, May 22nd. Fourteen equities research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $653.48.

Deere & Company Trading Up 0.2%

Shares of Deere & Company stock opened at $648.46 on Tuesday. The company has a quick ratio of 1.89, a current ratio of 2.10 and a debt-to-equity ratio of 1.45. Deere & Company has a 12-month low of $433.00 and a 12-month high of $674.19. The company has a market capitalization of $175.04 billion, a price-to-earnings ratio of 36.03, a PEG ratio of 2.74 and a beta of 0.90. The firm’s 50-day moving average price is $608.35 and its two-hundred day moving average price is $591.88.

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 analysts’ consensus estimates of $4.69 by $0.41. Deere & Company had a net margin of 10.16% and a return on equity of 18.10%. The company had revenue of $12.61 billion during the quarter, compared to the consensus estimate of $10.81 billion. During the same quarter in the prior year, the firm posted $4.75 EPS. The firm’s quarterly revenue was up 6.2% on a year-over-year basis. On average, analysts forecast that Deere & Company will post 18.23 earnings per share for the current fiscal year.

Deere & Company Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 10th. Shareholders of record on Tuesday, June 30th were given a dividend of $1.62 per share. This represents a $6.48 annualized dividend and a yield of 1.0%. The ex-dividend date was Tuesday, June 30th. Deere & Company’s payout ratio is currently 36.00%.

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.