Deere & Company (NYSE:DE) Reaches New 1-Year High – Here’s What Happened

Deere & Company (NYSE:DE)’s stock price hit a new 52-week high during trading on Wednesday . The stock traded as high as $545.32 and last traded at $543.9520, with a volume of 1605258 shares trading hands. The stock had previously closed at $532.25.

More Deere & Company News

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

• Positive Sentiment: Deere announced two new U.S. manufacturing facilities, expanding domestic capacity and supply-chain flexibility to support rising demand for ag and construction equipment — a clear long-term revenue/capacity positive. John Deere Expands US Manufacturing with Two New Facilities
• Positive Sentiment: Deere is investing $30M in Seeding Works, its oldest factory, signaling targeted capex to modernize production and preserve manufacturing footprint — supportive for supply reliability and investor confidence. Deere invests $30M in Seeding Works, company’s oldest factory
• Positive Sentiment: DE hit an all-time high, reflecting strong momentum and buyer demand; technicals and price leadership often attract momentum and institutional flows. Deere and Company stock hits all-time high
• Positive Sentiment: Investor’s Business Daily reports Deere received an RS (relative strength) rating lift — a technical upgrade that can pull in momentum-focused investors and ETFs. Farm Machinery Deere Stock Gets RS Rating Lift
• Positive Sentiment: Coverage on Deere’s push into autonomous/self-driving tractors and “backdoor” AI exposure highlights a high-growth optionality for future margins and recurring software/services revenue. This “Backdoor” AI Stock Is Betting Big on … Self-Driving Tractors?!
• Positive Sentiment: Zacks notes last session’s share jump (up ~4.1%) on above-average volume and favorable earnings-estimate revision trends, suggesting analysts and traders are becoming more bullish. Deere (DE) Soars 4.1%: Is Further Upside Left in the Stock?
• Neutral Sentiment: Zacks published a “what to know” piece explaining why DE is a trending name — useful context for retail interest but not a direct fundamental catalyst. Here is What to Know Beyond Why Deere & Company (DE) is a Trending Stock
• Neutral Sentiment: Deere is expected to report quarterly earnings soon — the report is a potential near-term catalyst that could reinforce the rally or trigger consolidation depending on guidance and margins. Deere & Company (DE) Expected to Announce Quarterly Earnings on Thursday
• Neutral Sentiment: The EPA’s response to Deere’s request on farmers’ right-to-repair is in the news; regulatory outcomes create uncertainty around end-customer relations and aftermarket service models but the present impact remains unclear. EPA responds to John Deere’s request on farmers’ right to repair nonroad diesel equipment

Analyst Upgrades and Downgrades

Several research firms have commented on DE. Wall Street Zen cut shares of Deere & Company from a “hold” rating to a “sell” rating in a research note on Friday, November 28th. Sanford C. Bernstein reaffirmed a “market perform” rating on shares of Deere & Company in a research note on Tuesday, December 9th. Wolfe Research upped their price target on shares of Deere & Company from $520.00 to $550.00 and gave the company an “outperform” rating in a report on Friday, January 2nd. BMO Capital Markets restated a “market perform” rating and set a $460.00 price objective on shares of Deere & Company in a report on Tuesday, December 9th. Finally, Royal Bank Of Canada reduced their price target on shares of Deere & Company from $542.00 to $541.00 and set an “outperform” rating for the company in a research report on Friday, November 28th. Fifteen research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $524.20.

Deere & Company Trading Up 3.2%

The business’s 50-day simple moving average is $492.88 and its 200-day simple moving average is $483.86. The company has a current ratio of 2.22, a quick ratio of 2.01 and a debt-to-equity ratio of 1.68. The company has a market cap of $158.21 billion, a PE ratio of 31.53, a P/E/G ratio of 2.26 and a beta of 1.02.

Deere & Company (NYSE:DE) last announced its quarterly earnings data on Wednesday, November 26th. The industrial products company reported $3.93 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.96 by ($0.03). Deere & Company had a return on equity of 20.54% and a net margin of 11.00%.The firm had revenue of $12.39 billion for the quarter, compared to analysts’ expectations of $9.77 billion. During the same quarter in the prior year, the business posted $4.55 earnings per share. Deere & Company’s revenue was up 14.1% on a year-over-year basis. As a group, analysts expect that Deere & Company will post 19.32 EPS for the current fiscal year.

Deere & Company Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, February 9th. Shareholders of record on Wednesday, December 31st will be issued a dividend of $1.62 per share. This represents a $6.48 annualized dividend and a yield of 1.1%. The ex-dividend date is Wednesday, December 31st. Deere & Company’s dividend payout ratio (DPR) is 35.01%.

Insiders Place Their Bets

In other Deere & Company news, insider Cory J. Reed sold 12,000 shares of the firm’s stock in a transaction that occurred on Wednesday, January 14th. The stock was sold at an average price of $510.00, for a total value of $6,120,000.00. Following the sale, the insider owned 20,792 shares of the company’s stock, valued at $10,603,920. This trade represents a 36.59% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO John C. May II sold 41,472 shares of the firm’s stock in a transaction on 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 completion of the sale, the chief executive officer owned 117,970 shares in the company, valued at approximately $59,160,775.30. The trade was a 26.01% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 64,578 shares of company stock valued at $32,471,682 over the last 90 days. 0.29% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Deere & Company

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Mid American Wealth Advisory Group Inc. bought a new stake in shares of Deere & Company in the 2nd quarter valued at approximately $25,000. Strategic Advocates LLC bought a new position in Deere & Company during the 3rd quarter valued at about $25,000. Howard Hughes Medical Institute acquired a new stake in shares of Deere & Company during the second quarter worth approximately $27,000. Key Capital Management INC bought a new stake in Deere & Company during the 4th quarter worth approximately $27,000. Finally, Activest Wealth Management raised its position in Deere & Company by 69.2% in the 3rd quarter. Activest Wealth Management now owns 66 shares of the industrial products company’s stock worth $30,000 after purchasing an additional 27 shares during the last quarter. 68.58% of the stock is owned by institutional investors.

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.