6,437 Shares in Deere & Company $DE Acquired by Northcape Wealth Management LLC

Northcape Wealth Management LLC acquired a new stake in Deere & Company (NYSE:DE) in the 2nd quarter, HoldingsChannel reports. The institutional investor acquired 6,437 shares of the industrial products company’s stock, valued at approximately $4,083,000. Deere & Company accounts for about 1.1% of Northcape Wealth Management LLC’s portfolio, making the stock its 29th biggest holding.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in DE. Edmond DE Rothschild Holding S.A. acquired a new stake in Deere & Company during the 2nd quarter worth $5,559,000. Geneva Partners LLC acquired a new stake in shares of Deere & Company in the second quarter valued at about $352,000. United Bank acquired a new stake in shares of Deere & Company in the second quarter valued at about $920,000. Uptick Partners LLC purchased a new position in shares of Deere & Company in the second quarter worth about $576,000. Finally, CM Wealth Advisors LLC purchased a new position in shares of Deere & Company in the second quarter worth about $460,000. Hedge funds and other institutional investors own 68.58% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on DE shares. DA Davidson reaffirmed a “buy” rating and set a $685.00 price objective on shares of Deere & Company in a research note on Friday, July 17th. Truist Financial raised their target price on shares of Deere & Company from $759.00 to $812.00 and gave the stock a “buy” rating in a research note on Thursday, July 2nd. Weiss Ratings restated a “hold (c+)” rating on shares of Deere & Company in a report on Tuesday. Raymond James Financial dropped their price target on Deere & Company from $765.00 to $700.00 and set an “outperform” rating for the company in a research report on Friday, May 22nd. Finally, Citigroup increased their price target on Deere & Company from $575.00 to $610.00 and gave the company a “neutral” rating in a report on Tuesday, July 14th. Fourteen equities research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $641.98.

Deere & Company Price Performance

Deere & Company stock opened at $580.06 on Thursday. The company has a current ratio of 2.18, a quick ratio of 1.95 and a debt-to-equity ratio of 1.54. The company has a 50-day moving average price of $604.36 and a 200 day moving average price of $589.65. Deere & Company has a 12-month low of $433.00 and a 12-month high of $674.19. The stock has a market cap of $156.58 billion, a P/E ratio of 32.86, a PEG ratio of 2.49 and a beta of 0.90.

Deere & Company (NYSE:DE) last posted its earnings results on Thursday, August 20th. The industrial products company reported $5.10 earnings per share for the quarter, beating the consensus estimate of $4.71 by $0.39. Deere & Company had a net margin of 10.09% and a return on equity of 18.25%. The company had revenue of $12.61 billion for the quarter, compared to analyst estimates of $10.81 billion. Sell-side analysts anticipate that Deere & Company will post 18.21 earnings per share for the current year.

Deere & Company Announces Dividend

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

Key Stories Impacting Deere & Company

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

• Positive Sentiment: Analysts expect Deere to report approximately $4.70–$4.79 in earnings per share and about $10.73–$10.78 billion in revenue. Although revenue would be below the prior-year quarter, the estimates have reportedly moved higher ahead of the release, creating potential for a positive reaction if Deere beats expectations. Deere Set to Report Q3 Earnings
• Positive Sentiment: Investors are watching whether Deere’s precision-agriculture technology and exposure to data-center-related infrastructure can support growth beyond traditional farm machinery. Evidence of resilient technology demand or stronger margins could reinforce the company’s longer-term investment narrative. Deere Q3 Preview
• Neutral Sentiment: The earnings announcement is the immediate catalyst, with investors focused on management’s outlook for agriculture, construction equipment, inventories and full-year profitability. Analysts remain mixed, including JPMorgan’s Neutral rating, suggesting expectations are not uniformly bullish. Deere Dividends Ahead of Q3 Earnings
• Negative Sentiment: Consensus revenue of roughly $10.73 billion would decline from $12.02 billion a year earlier, reflecting pressure in the farming sector. Weak farm spending and elevated production costs could weigh on margins and make it harder for Deere to deliver a strong outlook. Deere Earnings and Precision Agriculture

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.