Great Lakes Advisors LLC Takes Position in Deere & Company $DE

Great Lakes Advisors LLC bought a new position in Deere & Company (NYSE:DE) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 2,558 shares of the industrial products company’s stock, valued at approximately $1,623,000.

Several other hedge funds also recently made changes to their positions in DE. Mowery & Schoenfeld Wealth Management LLC bought a new stake in Deere & Company in the 2nd quarter worth $27,000. Timmons Wealth Management LLC purchased a new stake in shares of Deere & Company during the fourth quarter worth about $29,000. McIlrath & Eck LLC purchased a new stake in shares of Deere & Company during the fourth quarter worth about $30,000. Portus Wealth Advisors LLC bought a new stake in shares of Deere & Company in the first quarter worth about $32,000. Finally, Wealth Watch Advisors INC bought a new position in shares of Deere & Company during the third quarter valued at approximately $32,000. 68.58% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have commented on DE. Oppenheimer raised their price objective on shares of Deere & Company from $680.00 to $685.00 and gave the stock an “outperform” rating in a report on Thursday. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Deere & Company in a research note on Tuesday. Citigroup increased their price target on shares of Deere & Company from $610.00 to $650.00 and gave the stock a “neutral” rating in a research note on Friday. DA Davidson set a $585.00 price objective on shares of Deere & Company in a report on Friday. Finally, Robert W. Baird raised their target price on shares of Deere & Company from $525.00 to $640.00 and gave the company a “neutral” rating in a research note on Friday. Fourteen investment analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $643.38.

Deere & Company Stock Performance

DE stock opened at $648.61 on Friday. The company has a debt-to-equity ratio of 1.45, a current ratio of 2.10 and a quick ratio of 1.95. Deere & Company has a 1 year low of $433.00 and a 1 year high of $674.19. The company has a market cap of $175.08 billion, a P/E ratio of 36.03, a price-to-earnings-growth ratio of 2.63 and a beta of 0.90. The stock’s fifty day moving average price is $606.90 and its 200-day moving average price is $590.75.

Deere & Company (NYSE:DE) last issued its quarterly earnings data on Thursday, August 20th. The industrial products company reported $5.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.69 by $0.41. The firm had revenue of $12.61 billion during the quarter, compared to the consensus estimate of $10.81 billion. Deere & Company had a net margin of 10.16% and a return on equity of 18.10%. The company’s revenue for the quarter was up 6.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $4.75 EPS. On average, equities analysts forecast that Deere & Company will post 18.23 earnings per share for the current year.

Deere & Company Dividend Announcement

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

Deere & Company News Summary

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.

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.