Deere & Company (NYSE:DE) Reaches New 1-Year High – Time to Buy?

Shares of Deere & Company (NYSE:DE) hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $675.75 and last traded at $671.8070, with a volume of 689365 shares. The stock had previously closed at $654.91.

Deere & Company News Summary

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

• Positive Sentiment: Analyst upgrades support the rally. Baird upgraded Deere from Neutral to Outperform and raised its price target, citing potential improvement in agricultural fundamentals by 2027 and stronger equipment demand. Evercore also upgraded the stock to Outperform and set an $813 target, implying additional upside from the referenced price. Baird Upgrades Deere to Outperform on Hopes of Recovery
• Positive Sentiment: Investors are betting on an agricultural rebound. Coverage points to Deere’s strong momentum and the possibility of recovering farm conditions supporting equipment purchases. The stock has gained more than 35% since the beginning of the year and recently reached an all-time high, increasing visibility among momentum-oriented investors. Deere Stock Performance Compared With Other Industrial Stocks
• Positive Sentiment: Options activity indicates heightened bullish interest. Traders purchased 8,338 call options in one session, 61% above average call volume. The activity may reflect expectations for further gains, though options positioning is not a guarantee of future performance. Deere Sees Unusually Large Options Volume
• Positive Sentiment: Technology initiatives add a longer-term growth angle. Deere launched its JD artificial-intelligence assistant within the Operations Center to help farmers manage equipment and operations, potentially strengthening customer relationships and supporting recurring digital services. Deere Launches AI Assistant Named JD
• Neutral Sentiment: Valuation is back in focus. Deere’s recent gains have pushed the shares to a high earnings multiple, meaning investors may expect substantial recovery and execution. Comparisons with Kubota highlight the question of whether Deere still offers attractive value after its rally. Deere Upgrade Puts Valuation Back in Focus
• Negative Sentiment: Settlement-related costs and uncertainty remain risks. Farmers can now file claims under a Deere settlement, potentially creating financial and reputational costs, although the immediate effect on earnings is unclear. Farmers Can Now File Claim in Deere Settlement

Analysts Set New Price Targets

Several research firms have recently issued reports on DE. Royal Bank Of Canada reiterated an “outperform” rating and set a $752.00 price objective on shares of Deere & Company in a research report on Monday, August 24th. Seaport Research Partners set a $570.00 price objective on shares of Deere & Company in a report on Friday, August 14th. Raymond James Financial boosted their target price on Deere & Company from $700.00 to $730.00 and gave the stock an “outperform” rating in a research report on Monday. Oppenheimer lifted their price objective on Deere & Company from $680.00 to $685.00 and gave the stock an “outperform” rating in a research note on Thursday, August 20th. Finally, DA Davidson upped their price target on shares of Deere & Company from $685.00 to $760.00 and gave the company a “buy” rating in a research note on Monday, August 24th. Sixteen investment analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $680.73.

Deere & Company Stock Performance

The firm has a market capitalization of $187.88 billion, a P/E ratio of 38.71, a P/E/G ratio of 2.79 and a beta of 0.90. The company has a debt-to-equity ratio of 1.45, a current ratio of 2.10 and a quick ratio of 1.89. The firm has a 50-day moving average price of $616.29 and a two-hundred day moving average price of $594.97.

Deere & Company (NYSE:DE) last posted its quarterly earnings results on Thursday, August 20th. The industrial products company reported $5.10 EPS for the quarter, topping analysts’ consensus estimates of $4.69 by $0.41. Deere & Company had a net margin of 10.16% and a return on equity of 18.10%. The firm had revenue of $12.61 billion for the quarter, compared to analysts’ expectations of $10.81 billion. During the same period in the prior year, the business posted $4.75 earnings per share. The business’s revenue for the quarter was up 6.2% on a year-over-year basis. On average, analysts forecast that Deere & Company will post 18.12 EPS for the current fiscal year.

Deere & Company Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, November 9th. Stockholders of record on Wednesday, September 30th will be given a dividend of $1.62 per share. The ex-dividend date of this dividend is Wednesday, September 30th. This represents a $6.48 dividend on an annualized basis and a dividend yield of 0.9%. Deere & Company’s dividend payout ratio (DPR) is 36.00%.

Institutional Trading of Deere & Company

Large investors have recently modified their holdings of the company. Cary Street Partners Financial LLC lifted its holdings in Deere & Company by 11.8% during the fourth quarter. Cary Street Partners Financial LLC now owns 10,312 shares of the industrial products company’s stock worth $4,801,000 after buying an additional 1,086 shares during the period. Baxter Bros Inc. purchased a new position in shares of Deere & Company in the 2nd quarter valued at $1,707,000. Global Retirement Partners LLC purchased a new position in shares of Deere & Company in the 2nd quarter valued at $3,890,000. Westpac Banking Corp raised its position in shares of Deere & Company by 78.6% in the 4th quarter. Westpac Banking Corp now owns 6,925 shares of the industrial products company’s stock worth $3,224,000 after acquiring an additional 3,047 shares in the last quarter. Finally, TRB Wealth Management LLC bought a new position in shares of Deere & Company in the 2nd quarter worth $623,000. Hedge funds and other institutional investors own 68.58% of the company’s stock.

About Deere & Company

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.