Deere & Company (NYSE:DE) Shares Gap Up on Better-Than-Expected Earnings

Deere & Company (NYSE:DE) shares gapped up before the market opened on Thursday following a stronger than expected earnings report. The stock had previously closed at $580.63, but opened at $611.12. Deere & Company shares last traded at $604.9670, with a volume of 254,807 shares traded.

The industrial products company reported $5.10 EPS for the quarter, topping analysts’ consensus estimates of $4.71 by $0.39. The business had revenue of $12.61 billion during the quarter, compared to the consensus estimate of $10.81 billion. Deere & Company had a net margin of 10.09% and a return on equity of 18.25%. The company’s quarterly revenue was up 6.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $4.75 earnings per share.

Deere & Company Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 10th. Stockholders of record on Tuesday, June 30th were given a $1.62 dividend. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $6.48 annualized dividend and a dividend yield of 1.1%. Deere & Company’s dividend payout ratio is presently 36.71%.

More Deere & Company News

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

• Positive Sentiment: Large earnings and revenue beat: Deere reported adjusted earnings of $5.10 per share, above analyst estimates ranging from $4.71 to $4.79 and up from $4.75 a year earlier. Revenue rose 6.2% year over year to $12.61 billion, well ahead of estimates near $10.8 billion. Deere Beats Q3 Earnings and Revenue Estimates
• Positive Sentiment: Full-year outlook improved: Deere raised its fiscal-year net-income guidance to approximately $4.75 billion-$5.00 billion, signaling that disciplined cost control and execution are helping offset uneven demand. Deere Reports Third Quarter Net Income
• Positive Sentiment: Construction helped diversify results: Continued growth in Deere’s construction-equipment business helped compensate for weakness in its production-agriculture segment, demonstrating some resilience beyond farming. Deere’s Profit Rises as Sales Climb
• Neutral Sentiment: Recovery remains delayed: Deere narrowed its profit outlook while indicating that stabilizing farm conditions may lead to a more meaningful recovery in 2027, suggesting near-term agricultural-equipment demand remains pressured. Deere Narrows Profit Outlook as Farm Recovery Seen in 2027

Wall Street Analysts Forecast Growth

DE has been the topic of a number of analyst reports. Seaport Research Partners set a $570.00 target price on Deere & Company in a research report on Friday, August 14th. Truist Financial boosted their price objective on shares of Deere & Company from $759.00 to $812.00 and gave the company a “buy” rating in a research report on Thursday, July 2nd. Citigroup raised their target price on Deere & Company from $575.00 to $610.00 and gave the company a “neutral” rating in a research note on Tuesday, July 14th. Wall Street Zen upgraded Deere & Company from a “sell” rating to a “hold” rating in a research report on Sunday, July 5th. Finally, Oppenheimer reiterated an “outperform” rating on shares of Deere & Company in a research report on Thursday. Fourteen analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $641.98.

Institutional Trading of Deere & Company

Hedge funds have recently modified their holdings of the company. Mowery & Schoenfeld Wealth Management LLC acquired a new position in Deere & Company in the second quarter worth about $27,000. Kilter Group LLC acquired a new stake in shares of Deere & Company in the second quarter valued at approximately $29,000. Solstein Capital LLC bought a new stake in Deere & Company during the 2nd quarter worth about $30,000. Orion Capital Management LLC acquired a new position in shares of Deere & Company in the 2nd quarter valued at $32,000. Finally, Portus Wealth Advisors LLC bought a new position in Deere & Company during the 1st quarter worth approximately $32,000. Institutional investors own 68.58% of the company’s stock.

Deere & Company Stock Up 3.9%

The company has a quick ratio of 1.95, a current ratio of 2.18 and a debt-to-equity ratio of 1.54. The firm has a fifty day simple moving average of $604.36 and a 200-day simple moving average of $589.65. The company has a market capitalization of $162.83 billion, a P/E ratio of 34.35, a P/E/G ratio of 2.49 and a beta of 0.90.

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.