2,306 Shares in Deere & Company $DE Acquired by L2 Asset Management LLC

L2 Asset Management LLC bought a new position in Deere & Company (NYSE:DE) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 2,306 shares of the industrial products company’s stock, valued at approximately $1,463,000.

Several other large investors have also recently made changes to their positions in DE. Mowery & Schoenfeld Wealth Management LLC purchased a new stake in shares of Deere & Company in the 2nd quarter valued at $27,000. Kilter Group LLC bought a new position in shares of Deere & Company during the 2nd quarter valued at $29,000. Timmons Wealth Management LLC purchased a new position in Deere & Company in the 4th quarter worth $29,000. McIlrath & Eck LLC purchased a new position in Deere & Company in the 4th quarter worth $30,000. Finally, Solstein Capital LLC bought a new stake in Deere & Company in the second quarter worth $30,000. 68.58% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have issued reports on DE. Weiss Ratings restated a “hold (c+)” rating on shares of Deere & Company in a research report on Tuesday, August 18th. Royal Bank Of Canada restated an “outperform” rating and set a $752.00 target price on shares of Deere & Company in a report on Monday. Truist Financial reduced their price target on Deere & Company from $812.00 to $804.00 and set a “buy” rating on the stock in a research report on Monday. Seaport Research Partners set a $570.00 price target on Deere & Company in a research note on Friday, August 14th. Finally, Oppenheimer boosted their price objective on Deere & Company from $680.00 to $685.00 and gave the company an “outperform” rating in a research report on Thursday. Fourteen analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $653.48.

Key Stories Impacting Deere & Company

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

Deere & Company Price Performance

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

Deere & Company (NYSE:DE) last issued its quarterly earnings data on Thursday, August 20th. The industrial products company reported $5.10 EPS for the quarter, beating the consensus estimate of $4.69 by $0.41. The firm had revenue of $12.61 billion during the quarter, compared to the consensus estimate of $10.81 billion. Deere & Company had a net margin of 10.16% and a return on equity of 18.10%. The company’s quarterly revenue was up 6.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $4.75 earnings per share. As a group, equities analysts predict that Deere & Company will post 18.23 earnings per share for the current year.

Deere & Company Announces Dividend

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

Deere & 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.