Korea Investment CORP Makes New $107.42 Million Investment in Deere & Company $DE

Korea Investment CORP bought a new stake in shares of Deere & Company (NYSE:DE) during the 2nd quarter, HoldingsChannel reports. The institutional investor bought 169,346 shares of the industrial products company’s stock, valued at approximately $107,421,000.

A number of other institutional investors also recently modified their holdings of the company. Mowery & Schoenfeld Wealth Management LLC acquired a new stake in shares of Deere & Company in the second quarter worth $27,000. Kilter Group LLC acquired a new position in Deere & Company in the 2nd quarter valued at $29,000. Timmons Wealth Management LLC bought a new position in Deere & Company in the 4th quarter worth $29,000. McIlrath & Eck LLC bought a new position in Deere & Company in the 4th quarter worth $30,000. Finally, Portus Wealth Advisors LLC acquired a new position in Deere & Company during the 1st quarter worth $32,000. Institutional investors own 68.58% of the company’s stock.

Deere & Company Price Performance

Shares of NYSE:DE opened at $648.61 on Friday. The firm has a market capitalization of $175.08 billion, a PE ratio of 36.03, a PEG ratio of 2.63 and a beta of 0.90. The company has a current ratio of 2.10, a quick ratio of 1.95 and a debt-to-equity ratio of 1.45. Deere & Company has a 1-year low of $433.00 and a 1-year high of $674.19. The business’s 50 day moving average is $606.90 and its 200-day moving average is $590.75.

Deere & Company (NYSE:DE) last issued its earnings results on Thursday, August 20th. The industrial products company reported $5.10 EPS for the quarter, beating analysts’ consensus estimates of $4.69 by $0.41. The business 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 18.10% and a net margin of 10.16%.Deere & Company’s revenue was up 6.2% on a year-over-year basis. During the same period in the prior year, the company posted $4.75 earnings per share. Sell-side analysts predict that Deere & Company will post 18.23 earnings per share 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 $1.62 dividend. 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 payout ratio is presently 36.00%.

Deere & Company News Summary

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

• Positive Sentiment: Q3 earnings and revenue beat expectations. Deere reported earnings of $5.10 per share, up from $4.75 a year earlier, on revenue of $12.61 billion, which rose about 6% year over year and exceeded analyst estimates. Deere Reports Third Quarter Net Income
• Positive Sentiment: Management raised its fiscal 2026 outlook. Deere increased its net-income forecast to $4.75 billion-$5.00 billion and expects $5.0 billion-$5.5 billion in equipment-operations cash flow, improving confidence in profitability and cash generation. Deere Raises FY2026 Outlook
• Positive Sentiment: Construction and forestry provided the key growth engine. Demand for bulldozers, excavators and other earth-moving equipment is largely booked through the rest of the year, supported by data-center and energy-infrastructure construction tied to artificial-intelligence investment. Deere Lifts Sales Guidance
• Positive Sentiment: The agricultural cycle may be nearing a bottom. Executives characterized fiscal 2026 as the likely trough for the agricultural equipment cycle and pointed to improving early order trends and potentially stronger demand in 2027. Deere also recognized $110 million in tariff refunds during the quarter. DE Q3 Earnings Call Highlights
• Neutral Sentiment: Analyst reactions were mixed but generally reflected higher estimates. Robert W. Baird raised its target to $640 and JPMorgan increased its target to $585, while both retained neutral ratings. Other analysts lifted targets as high as $685, indicating expectations have improved but also that valuation and limited near-term upside remain concerns. Deere Analysts Increase Forecasts
• Negative Sentiment: Agriculture remains a constraint. Production and precision agriculture demand is still weak, and Bank of America cautioned that any recovery may be gradual rather than a sharp cyclical rebound. The stock’s elevated valuation could make it vulnerable if farm-market improvement is delayed.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the company. Wall Street Zen downgraded Deere & Company from a “hold” rating to a “sell” rating in a research report on Saturday. Royal Bank Of Canada reissued an “outperform” rating and set a $752.00 price objective on shares of Deere & Company in a research report on Monday, June 1st. Bank of America decreased their target price on Deere & Company from $672.00 to $607.50 and set a “neutral” rating for the company in a research note on Friday, May 22nd. JPMorgan Chase & Co. raised their target price on Deere & Company from $570.00 to $585.00 and gave the company a “neutral” rating in a report on Friday. Finally, Oppenheimer upped their price target on Deere & Company from $680.00 to $685.00 and gave the stock an “outperform” rating in a report on Thursday. Fourteen investment analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $643.38.

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.