Mystic Asset Management Inc. Makes New $2.93 Million Investment in Deere & Company $DE

Mystic Asset Management Inc. bought a new stake in shares of Deere & Company (NYSE:DE) during the second quarter, Holdings Channel reports. The fund bought 4,625 shares of the industrial products company’s stock, valued at approximately $2,934,000.

Several other hedge funds have also recently modified their holdings of DE. Mowery & Schoenfeld Wealth Management LLC bought a new position in shares of Deere & Company during the second quarter valued at approximately $27,000. Kilter Group LLC purchased a new stake in Deere & Company during the second quarter worth $29,000. Portus Wealth Advisors LLC purchased a new position in shares of Deere & Company in the 1st quarter valued at $32,000. Harborfront Financial Group LLC bought a new position in shares of Deere & Company in the 2nd quarter worth $39,000. Finally, Timmons Wealth Management LLC purchased a new stake in shares of Deere & Company during the 4th quarter worth $29,000. Hedge funds and other institutional investors own 68.58% of the company’s stock.

Deere & Company Trading Up 7.5%

NYSE:DE opened at $624.38 on Friday. The company has a market capitalization of $168.55 billion, a P/E ratio of 35.38, a PEG ratio of 2.46 and a beta of 0.90. The company has a current ratio of 2.18, a quick ratio of 1.95 and a debt-to-equity ratio of 1.54. Deere & Company has a 12 month low of $433.00 and a 12 month high of $674.19. The firm has a fifty day simple moving average of $605.47 and a 200-day simple moving average of $590.34.

Deere & Company (NYSE:DE) last issued its earnings results on Thursday, August 20th. The industrial products company reported $5.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.69 by $0.41. Deere & Company had a return on equity of 18.25% and a net margin of 10.09%.The company had revenue of $12.61 billion during the quarter, compared to analyst estimates of $10.81 billion. During the same quarter last year, the business posted $4.75 EPS. The firm’s quarterly revenue was up 6.2% on a year-over-year basis. On average, equities research analysts anticipate that Deere & Company will post 18.21 earnings per share for the current year.

Deere & Company Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 10th. Stockholders of record on Tuesday, June 30th were issued 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 dividend yield of 1.0%. Deere & Company’s dividend payout ratio is currently 36.71%.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the company. Royal Bank Of Canada reiterated an “outperform” rating and issued a $752.00 target price on shares of Deere & Company in a research note on Monday, June 1st. Wall Street Zen raised shares of Deere & Company from a “sell” rating to a “hold” rating in a research report on Sunday, July 5th. Oppenheimer reissued an “outperform” rating on shares of Deere & Company in a research report on Thursday. JPMorgan Chase & Co. lowered their price target on shares of Deere & Company from $590.00 to $570.00 and set a “neutral” rating on the stock in a report on Friday, August 14th. Finally, Truist Financial lifted their price objective on shares of Deere & Company from $759.00 to $812.00 and gave the stock a “buy” rating in a research report on Thursday, July 2nd. 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, Deere & Company presently has an average rating of “Moderate Buy” and a consensus target price of $641.98.

Key Stories Impacting Deere & Company

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

• Positive Sentiment: Deere reported fiscal Q3 net income of $1.379 billion, or $5.10 per share, up from $4.75 per share a year earlier. Revenue rose approximately 6% to $12.61 billion, exceeding analyst expectations for both earnings and sales. Deere Reports Third Quarter Net Income of $1.379 Billion
• Positive Sentiment: Management raised fiscal 2026 net-income guidance to $4.75 billion-$5.00 billion, from a prior range of $4.50 billion-$5.00 billion, and expects $5 billion-$5.5 billion in equipment-operations cash flow. Deere Raises FY2026 Net Income Outlook
• Positive Sentiment: The Construction & Forestry and Small Agriculture & Turf divisions provided the main upside, with demand tied to energy infrastructure and data-center construction supporting Deere’s nonfarm businesses. The company also indicated that fiscal 2026 could mark the bottom of the current agricultural equipment cycle. Deere Stock Soars After Construction Unit Drives Earnings Beat
• Neutral Sentiment: Management cited improving early order trends, used-equipment inventories and resilient parts demand, which may support a gradual recovery; however, the broader farm-equipment rebound is expected to be more pronounced in 2027. Deere Narrows Profit Outlook as Farm Recovery Seen in 2027
• Negative Sentiment: Production agriculture remains pressured by weak farm conditions, while tariffs and regional sales weakness could weigh on margins and demand. The stock’s strong earnings reaction also leaves valuation and expectations elevated, increasing sensitivity to any signs that the agricultural recovery is delayed.

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.