Citigroup Cuts Deere & Company (NYSE:DE) Price Target to $625.00

Deere & Company (NYSE:DE) had its price objective reduced by Citigroup from $675.00 to $625.00 in a research note released on Monday morning, MarketBeat reports. Citigroup currently has a neutral rating on the industrial products company’s stock.

Several other equities analysts have also commented on DE. Daiwa Securities Group dropped their target price on Deere & Company from $530.00 to $520.00 and set an “outperform” rating on the stock in a report on Tuesday, December 2nd. BMO Capital Markets lifted their price target on Deere & Company from $460.00 to $500.00 and gave the stock a “market perform” rating in a report on Friday, February 20th. DA Davidson upped their price objective on Deere & Company from $580.00 to $775.00 and gave the stock a “buy” rating in a research report on Friday, February 20th. Wells Fargo & Company increased their price objective on Deere & Company from $543.00 to $750.00 and gave the company an “overweight” rating in a report on Friday, February 20th. Finally, Evercore reissued a “positive” rating on shares of Deere & Company in a research report on Friday, November 28th. Sixteen equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $644.70.

Deere & Company Trading Up 0.2%

DE opened at $593.85 on Monday. Deere & Company has a 52 week low of $404.42 and a 52 week high of $674.19. The business has a fifty day simple moving average of $559.57 and a 200-day simple moving average of $501.76. The firm has a market cap of $160.40 billion, a P/E ratio of 33.47, a P/E/G ratio of 2.07 and a beta of 0.96. The company has a quick ratio of 1.96, a current ratio of 2.21 and a debt-to-equity ratio of 1.59.

Deere & Company (NYSE:DE) last announced its quarterly earnings data on Thursday, February 19th. The industrial products company reported $2.42 earnings per share 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 firm 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. The business’s quarterly revenue was up 17.5% compared to the same quarter last year. On average, equities analysts expect that Deere & Company will post 19.32 earnings per share for the current year.

Deere & Company Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 8th. Investors of record on Tuesday, March 31st will be issued a dividend of $1.62 per share. The ex-dividend date of this dividend is Tuesday, March 31st. This represents a $6.48 annualized dividend and a dividend yield of 1.1%. Deere & Company’s dividend payout ratio (DPR) is currently 36.53%.

Insider Activity

In other news, insider Cory J. Reed sold 12,000 shares of the company’s stock in a transaction 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 transaction, the insider directly owned 20,792 shares of the company’s stock, valued at $10,603,920. This represents a 36.59% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO John C. May II sold 41,472 shares of the company’s stock in a transaction dated Thursday, January 8th. The stock was sold at an average price of $501.49, for a total transaction of $20,797,793.28. Following the transaction, the chief executive officer owned 117,970 shares in the company, valued at $59,160,775.30. The trade was a 26.01% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.29% of the stock is owned by insiders.

Institutional Trading of Deere & Company

Several large investors have recently modified their holdings of DE. Howard Hughes Medical Institute acquired a new position in shares of Deere & Company in the second quarter valued at approximately $27,000. Strategic Advocates LLC acquired a new stake in Deere & Company during the third quarter worth approximately $25,000. Key Capital Management INC purchased a new stake in Deere & Company in the 4th quarter worth approximately $27,000. Timmons Wealth Management LLC acquired a new position in Deere & Company in the 4th quarter valued at $29,000. Finally, McIlrath & Eck LLC acquired a new position in Deere & Company in the 4th quarter valued at $30,000. 68.58% of the stock is currently owned by institutional investors and hedge funds.

Deere & Company News Summary

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

• Positive Sentiment: Industry tailwinds — a new precision-agriculture market report forecasts the market to grow to $17.29B by 2031 (CAGR ~10.5%), driven by AI-enabled agronomy, hardware demand for guidance/steering, and rising farm sustainability spending; this underscores durable end-market demand for Deere’s precision products and software. Precision Agriculture Research Report 2026
• Positive Sentiment: Short interest fell sharply in February (down ~21% to ~4.99M shares), reducing bearish positioning and the potential for a protracted short squeeze dynamic; lower short interest can support price stability and reduce downside volatility.
• Positive Sentiment: Product/operations update — John Deere rolled out an Extended Reality (XR) training system, which could cut operator training costs, speed dealer/service onboarding, and support after-sales revenue growth. John Deere launches Extended Reality Training System
• Neutral Sentiment: Analyst conversation — a recent roundup highlights coverage and varied analyst views on Deere; these discussions may influence short-term sentiment but contain mixed takeaways rather than a clear directional catalyst. Beyond The Numbers: 11 Analysts Discuss Deere Stock
• Neutral Sentiment: Relative performance note — a MarketWatch piece flags that DE has underperformed some peers over a recent session despite daily gains, signaling investors should monitor sector rotation and peer comparisons for short-term moves. Deere & Co. stock underperforms Monday
• Negative Sentiment: Legal setback — an appeals court wiped out a prior patent-invalidity ruling Deere had won involving a crop harvester; loss of IP protection can increase competitive risks and potential litigation costs, a material negative for long-term margins in certain product lines. Deere’s Crop Harvester Patent Invalidity Win Wiped Out on Appeal
• Negative Sentiment: Analyst target cut — Citigroup reduced its price target on DE to $625, which may cap upside in the near term and influence investor expectations even if the new target remains above current trading levels. Citigroup Lowers Deere & Company Price Target to $625.00

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.