3,688 Shares in Deere & Company $DE Purchased by Pinnacle West Asset Management Inc.

Pinnacle West Asset Management Inc. acquired a new stake in Deere & Company (NYSE:DE) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 3,688 shares of the industrial products company’s stock, valued at approximately $2,339,000. Deere & Company makes up approximately 1.6% of Pinnacle West Asset Management Inc.’s portfolio, making the stock its 23rd biggest holding.

Other large investors also recently modified their holdings of the company. Mowery & Schoenfeld Wealth Management LLC bought a new position in Deere & Company in the 2nd quarter worth approximately $27,000. Kilter Group LLC bought a new stake in shares of Deere & Company during the second quarter worth $29,000. Portus Wealth Advisors LLC acquired a new position in shares of Deere & Company during the first quarter valued at $32,000. Timmons Wealth Management LLC bought a new position in Deere & Company in the fourth quarter valued at about $29,000. Finally, Harborfront Financial Group LLC acquired a new stake in Deere & Company in the second quarter worth about $39,000. 68.58% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the stock. Raymond James Financial reduced their target price on shares of Deere & Company from $765.00 to $700.00 and set an “outperform” rating on the stock in a research note on Friday, May 22nd. UBS Group reduced their price objective on shares of Deere & Company from $732.00 to $728.00 and set a “buy” rating on the stock in a research note on Friday. Truist Financial lifted their target price on shares of Deere & Company from $759.00 to $812.00 and gave the stock a “buy” rating in a report on Thursday, July 2nd. Robert W. Baird upped their target price on shares of Deere & Company from $525.00 to $640.00 and gave the company a “neutral” rating in a research report on Friday. Finally, Wall Street Zen lowered Deere & Company from a “hold” rating to a “sell” rating in a research report on Saturday. Fourteen analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $643.38.

Deere & Company Stock Performance

DE stock opened at $648.61 on Friday. Deere & Company has a 1-year low of $433.00 and a 1-year high of $674.19. The company has a current ratio of 2.10, a quick ratio of 1.95 and a debt-to-equity ratio of 1.45. The firm has a market cap of $175.08 billion, a PE ratio of 36.03, a P/E/G ratio of 2.63 and a beta of 0.90. The business’s 50-day moving average price is $606.90 and its two-hundred day moving average price is $590.75.

Deere & Company (NYSE:DE) last announced its quarterly earnings results on Thursday, August 20th. The industrial products company reported $5.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.69 by $0.41. The company had revenue of $12.61 billion during the quarter, compared to the consensus estimate of $10.81 billion. Deere & Company had a return on equity of 18.10% and a net margin of 10.16%.The company’s revenue for the quarter was up 6.2% compared to the same quarter last year. During the same period in the prior year, the company earned $4.75 earnings per share. As a group, research analysts forecast that Deere & Company will post 18.23 earnings per share for the current year.

Deere & Company Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 10th. Investors of record on Tuesday, June 30th were given a $1.62 dividend. The ex-dividend date was Tuesday, June 30th. This represents a $6.48 annualized dividend and a dividend yield of 1.0%. Deere & Company’s payout ratio is currently 36.00%.

Trending Headlines about Deere & Company

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.

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.