Deere & Company (NYSE:DE) Given New $730.00 Price Target at Morgan Stanley

Deere & Company (NYSE:DE) had its price target upped by Morgan Stanley from $560.00 to $730.00 in a report issued on Monday,MarketScreener reports. The firm presently has an “overweight” rating on the industrial products company’s stock. Morgan Stanley’s price target would indicate a potential upside of 10.60% from the company’s current price.

A number of other research firms also recently commented on DE. Oppenheimer reaffirmed an “outperform” rating and set a $715.00 price objective on shares of Deere & Company in a report on Friday. Royal Bank Of Canada lifted their price objective on Deere & Company from $541.00 to $736.00 and gave the company an “outperform” rating in a report on Friday. Wolfe Research increased their target price on Deere & Company from $520.00 to $550.00 and gave the stock an “outperform” rating in a report on Friday, January 2nd. Bank of America upped their price target on Deere & Company from $502.00 to $672.00 and gave the company a “neutral” rating in a research report on Friday. Finally, Zacks Research raised Deere & Company from a “strong sell” rating to a “hold” rating in a report on Wednesday, December 3rd. Fifteen equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $619.45.

Deere & Company Price Performance

Shares of Deere & Company stock opened at $660.04 on Monday. The company has a current ratio of 2.21, a quick ratio of 1.96 and a debt-to-equity ratio of 1.59. The firm has a fifty day simple moving average of $522.56 and a 200-day simple moving average of $491.02. The stock has a market capitalization of $178.92 billion, a price-to-earnings ratio of 37.20, a PEG ratio of 2.64 and a beta of 1.02. Deere & Company has a 1-year low of $404.42 and a 1-year high of $674.19.

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

Insider Activity

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

Institutional Investors Weigh In On Deere & Company

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. grew its holdings in shares of Deere & Company by 0.9% in the 4th quarter. Vanguard Group Inc. now owns 22,583,185 shares of the industrial products company’s stock valued at $10,514,053,000 after buying an additional 198,332 shares during the period. State Street Corp increased its holdings in shares of Deere & Company by 0.9% in the fourth quarter. State Street Corp now owns 10,485,949 shares of the industrial products company’s stock worth $4,898,717,000 after acquiring an additional 97,049 shares in the last quarter. Capital World Investors increased its holdings in shares of Deere & Company by 53.9% in the fourth quarter. Capital World Investors now owns 9,592,004 shares of the industrial products company’s stock worth $4,465,906,000 after acquiring an additional 3,358,264 shares in the last quarter. Price T Rowe Associates Inc. MD raised its position in shares of Deere & Company by 2.1% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 7,692,877 shares of the industrial products company’s stock worth $3,581,574,000 after purchasing an additional 158,584 shares during the period. Finally, Geode Capital Management LLC lifted its holdings in shares of Deere & Company by 0.3% during the 4th quarter. Geode Capital Management LLC now owns 5,600,552 shares of the industrial products company’s stock valued at $2,609,149,000 after purchasing an additional 17,269 shares in the last quarter. Institutional investors own 68.58% of the company’s stock.

More Deere & Company News

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

• Positive Sentiment: Multiple firms raised price targets for DE, signaling continued analyst optimism about medium-term revenue and margin prospects — targets reported include $793, $775, $750, $736 and $615.
  Deere & Company (NYSE:DE) Price Target Raised to $793.00
  Deere & Company (NYSE:DE) Price Target Raised to $775.00
  Deere & Company (NYSE:DE) Price Target Raised to $750.00
  Deere & Company (NYSE:DE) Price Target Raised to $736.00
  Deere & Company (NYSE:DE) Price Target Raised to $615.00
• Positive Sentiment: Deere lifted its outlook despite tariff-related headwinds, suggesting management sees resilience in demand and is confident about margins — a constructive sign for revenue and earnings visibility. Deere & Company Lifts Outlook Amid Tariff Drag
• Neutral Sentiment: Recent quarterly results showed a solid beat on both EPS and revenue (notably revenue up ~17.5% YoY), supporting the higher targets but also contributing to a stretched valuation (12‑month high near current levels and a P/E well above historical averages).
• Negative Sentiment: Jefferies analyst Stephen Volkmann downgraded DE to a sell, warning the stock’s valuation is overextended amid a protracted agricultural downcycle — a bearish catalyst that could pressure the share price if farm-equipment demand weakens. Deere & Company: Overextended Valuation Amid Protracted Agricultural Downcycle Drives Sell Rating

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.