Deere & Company (NYSE:DE) Posts Quarterly Earnings Results

Deere & Company (NYSE:DE) issued its quarterly earnings data on Thursday. The industrial products company reported $6.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.70 by $0.85, Zacks reports. Deere & Company had a return on equity of 18.93% and a net margin of 10.29%.

Deere & Company Price Performance

Shares of NYSE:DE opened at $561.14 on Thursday. The company has a quick ratio of 1.96, a current ratio of 2.21 and a debt-to-equity ratio of 1.59. The company has a market cap of $151.57 billion, a P/E ratio of 31.63, a PEG ratio of 1.95 and a beta of 0.96. Deere & Company has a 52 week low of $433.00 and a 52 week high of $674.19. The company has a 50-day moving average price of $579.04 and a 200 day moving average price of $539.38.

Deere & Company Dividend Announcement

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

Deere & Company News Summary

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

• Positive Sentiment: Deere delivered higher second-quarter revenue and maintained its full-year profit guidance, signaling management confidence despite a tougher farm backdrop.
• Positive Sentiment: Construction and forestry sales rose 28.6%, helping offset weakness in production agriculture and supporting overall results.
• Neutral Sentiment: Deere’s reported Starlink/SpaceX connection highlights an emerging technology partnership, but it appears more interesting strategically than immediately material to near-term earnings.
• Negative Sentiment: Production and precision agriculture sales declined 13.9% year over year, underscoring continued pressure in Deere’s core farm-equipment market.
• Negative Sentiment: Headlines about soft farm demand, tariff pressure, and right-to-repair litigation add uncertainty around future margins and demand.

Analysts Set New Price Targets

A number of research firms recently issued reports on DE. BMO Capital Markets raised their price target on Deere & Company from $460.00 to $500.00 and gave the stock a “market perform” rating in a report on Friday, February 20th. Raymond James Financial reissued an “outperform” rating and set a $765.00 price target on shares of Deere & Company in a report on Monday, February 23rd. DA Davidson raised their price target on Deere & Company from $580.00 to $775.00 and gave the stock a “buy” rating in a report on Friday, February 20th. Robert W. Baird lowered their price target on Deere & Company from $675.00 to $580.00 and set a “neutral” rating on the stock in a report on Thursday, April 2nd. Finally, Barclays raised their price target on Deere & Company from $530.00 to $640.00 and gave the stock an “overweight” rating in a report on Tuesday, March 31st. Fifteen analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $655.45.

Institutional Investors Weigh In On Deere & Company

Hedge funds and other institutional investors have recently modified their holdings of the stock. Timmons Wealth Management LLC acquired a new stake in shares of Deere & Company during the 4th quarter valued at approximately $29,000. Wealth Watch Advisors INC acquired a new stake in shares of Deere & Company during the 3rd quarter valued at approximately $32,000. Strive Financial Group LLC acquired a new stake in shares of Deere & Company during the 4th quarter valued at approximately $36,000. Greenline Wealth Management LLC acquired a new stake in shares of Deere & Company during the 4th quarter valued at approximately $36,000. Finally, Prosperity Bancshares Inc acquired a new stake in shares of Deere & Company during the 4th quarter valued at approximately $45,000. 68.58% of the stock is currently owned by institutional investors and hedge funds.

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.