Royal Bank Of Canada Issues Positive Forecast for Deere & Company (NYSE:DE) Stock Price

Posted by Nicole Kennedy on Feb 21st, 2026

Deere & Company (NYSE:DE – Free Report) had its price objective upped by Royal Bank Of Canada from $541.00 to $736.00 in a report published on Friday, MarketBeat Ratings reports. They currently have an outperform rating on the industrial products company’s stock.

Several other research analysts have also recently commented on DE. JPMorgan Chase & Co. lowered their target price on shares of Deere & Company from $480.00 to $460.00 and set a “neutral” rating on the stock in a report on Friday, December 19th. Oppenheimer reissued an “outperform” rating and set a $715.00 price target on shares of Deere & Company in a research report on Friday. Evercore restated a “positive” rating on shares of Deere & Company in a research note on Friday, November 28th. DA Davidson reiterated a “buy” rating and set a $580.00 target price on shares of Deere & Company in a research report on Monday, December 1st. Finally, Truist Financial increased their target price on Deere & Company from $609.00 to $612.00 and gave the stock a “buy” rating in a report on Friday, November 28th. Fifteen 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 currently has a consensus rating of “Moderate Buy” and a consensus target price of $607.20.

View Our Latest Analysis on DE

Deere & Company Stock Up 0.1%

DE stock opened at $662.74 on Friday. Deere & Company has a fifty-two week low of $404.42 and a fifty-two week high of $674.19. The company has a debt-to-equity ratio of 1.59, a current ratio of 2.21 and a quick ratio of 2.01. The stock has a market capitalization of $179.65 billion, a price-to-earnings ratio of 37.36, a PEG ratio of 2.64 and a beta of 1.02. The business’s fifty day moving average price is $522.56 and its two-hundred day moving average price is $491.27.

Deere & Company (NYSE:DE – Get Free Report) last announced its earnings results on Thursday, February 19th. The industrial products company reported $2.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.90 by $0.52. Deere & Company had a net margin of 10.29% and a return on equity of 18.93%. The company had revenue of $9.61 billion during the quarter, compared to analysts’ expectations of $7.50 billion. During the same quarter in the previous year, the business posted $3.19 earnings per share. Deere & Company’s quarterly revenue was up 17.5% on a year-over-year basis. On average, equities analysts anticipate that Deere & Company will post 19.32 earnings per share for the current year.

Deere & Company Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, February 9th. Stockholders of record on Wednesday, December 31st were issued a dividend of $1.62 per share. The ex-dividend date of this dividend was Wednesday, December 31st. This represents a $6.48 dividend on an annualized basis and a dividend yield of 1.0%. Deere & Company’s payout ratio is 36.53%.

Insider Buying and Selling at Deere & Company

In related news, CEO John C. May II sold 41,472 shares of the firm’s stock in a transaction dated Thursday, January 8th. The stock was sold at an average price of $501.49, for a total value of $20,797,793.28. Following the sale, the chief executive officer directly owned 117,970 shares of the company’s stock, valued at $59,160,775.30. This trade represents a 26.01% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Cory J. Reed sold 12,000 shares of Deere & Company stock in a transaction dated Wednesday, January 14th. The shares were sold at an average price of $510.00, for a total value of $6,120,000.00. Following the completion of the transaction, the insider owned 20,792 shares in the company, valued at approximately $10,603,920. This represents a 36.59% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 64,578 shares of company stock valued at $32,471,682. 0.29% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Deere & Company

A number of institutional investors have recently added to or reduced their stakes in the stock. Strategic Advocates LLC bought a new stake in shares of Deere & Company during the third quarter worth $25,000. Howard Hughes Medical Institute acquired a new stake in shares of Deere & Company during the 2nd quarter valued at $27,000. Key Capital Management INC bought a new stake in Deere & Company during the 4th quarter worth $27,000. Timmons Wealth Management LLC bought a new stake in Deere & Company during the 4th quarter worth $29,000. Finally, Activest Wealth Management increased its holdings in Deere & Company by 69.2% in the 3rd quarter. Activest Wealth Management now owns 66 shares of the industrial products company’s stock worth $30,000 after purchasing an additional 27 shares in the last quarter. 68.58% of the stock is currently owned by institutional investors and hedge funds.

More Deere & Company News

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

Positive Sentiment: Q1 beat and raised FY guidance — Deere reported Q1 revenue of $9.61B and EPS of $2.42 (above estimates) and raised fiscal‑2026 net‑income guidance to $4.5B–$5.0B, which traders interpreted as confirmation that order trends and construction demand are improving. Deere Lifts Full-Year Profit Forecast as Construction, Sales Rebound (Reuters)
Positive Sentiment: Large analyst price‑target upgrades — several firms jumped their targets after the beat-and-raise (notable moves: Truist to $793, DA Davidson to $775, Wells Fargo to $750, RBC to $736, BofA to $672), supporting further upside expectations. Wall Street Goes Wild For Deere: The Real Reason Analysts Are Hiking Price Forecasts (Benzinga)
Positive Sentiment: Construction recovery, product strategy and M&A — management says 2026 may be the bottom of the farm cycle and highlighted strength in construction and small‑ag; Deere completed the Tenna acquisition and is pushing AI/connected‑equipment initiatives, which boost long‑term growth narrative. John Deere Completes Acquisition of Tenna (ForConstructionPros)
Neutral Sentiment: Some analysts remain cautious despite higher targets — a few shops raised targets but kept market‑perform/neutral ratings (e.g., Sanford Bernstein, BMO), signaling mixed conviction beneath the bullish headlines. Bernstein Adjusts Price Target on Deere to $615 from $521; Maintains Market Perform (MarketScreener)
Negative Sentiment: Profit and margin headwinds remain — net income fell year‑over‑year (to ~$656M) as tariffs and an unfavorable sales mix pressured margins; that keeps some earnings risk if tariffs or costs persist. Deere Profit Sinks as Tariffs Weigh on Margins (WSJ)

About Deere & Company

(Get Free Report)

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.