TRB Wealth Management LLC Acquires New Holdings in Deere & Company $DE

TRB Wealth Management LLC bought a new stake in shares of Deere & Company (NYSE:DE) in the second quarter, Holdings Channel.com reports. The firm bought 982 shares of the industrial products company’s stock, valued at approximately $623,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of DE. Sumitomo Life Insurance Co. bought a new position in Deere & Company in the 2nd quarter worth about $1,570,000. Korea Investment CORP bought a new stake in shares of Deere & Company during the second quarter valued at approximately $107,421,000. EP Wealth Advisors LLC bought a new stake in shares of Deere & Company during the second quarter valued at approximately $5,617,000. Pinnacle West Asset Management Inc. acquired a new position in shares of Deere & Company during the second quarter worth approximately $2,339,000. Finally, Ieq Capital LLC acquired a new position in shares of Deere & Company during the second quarter worth approximately $5,337,000. Institutional investors own 68.58% of the company’s stock.

Deere & Company Trading Up 4.5%

Deere & Company stock opened at $648.61 on Friday. The firm has a 50 day simple moving average of $606.90 and a 200-day simple moving average of $590.75. The company has a debt-to-equity ratio of 1.45, a current ratio of 2.10 and a quick ratio of 1.95. The stock has a market capitalization of $175.08 billion, a PE ratio of 36.03, a price-to-earnings-growth ratio of 2.63 and a beta of 0.90. Deere & Company has a 12-month low of $433.00 and a 12-month high of $674.19.

Deere & Company (NYSE:DE) last posted its quarterly earnings data on Thursday, August 20th. The industrial products company reported $5.10 EPS for the quarter, beating 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 business had revenue of $12.61 billion for the quarter, compared to analyst estimates of $10.81 billion. During the same quarter last year, the business earned $4.75 earnings per share. The business’s revenue for the quarter was up 6.2% on a year-over-year basis. As a group, equities research analysts expect that Deere & Company will post 18.23 EPS for the current fiscal year.

Deere & Company Dividend Announcement

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. The ex-dividend date was Tuesday, June 30th. This represents a $6.48 annualized dividend and a dividend yield of 1.0%. Deere & Company’s dividend payout ratio (DPR) is 36.00%.

Analyst Ratings Changes

DE has been the subject of a number of recent analyst reports. Citigroup increased their price objective on Deere & Company from $610.00 to $650.00 and gave the stock a “neutral” rating in a report on Friday. Raymond James Financial reduced 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. JPMorgan Chase & Co. increased their price target on Deere & Company from $570.00 to $585.00 and gave the stock a “neutral” rating in a research note on Friday. Bank of America decreased their price target on Deere & Company from $672.00 to $607.50 and set a “neutral” rating for the company in a research note on Friday, May 22nd. Finally, Truist Financial raised their price target on Deere & Company from $759.00 to $812.00 and gave the company a “buy” rating in a report on Thursday, July 2nd. Fourteen research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $643.38.

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.

Deere & 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.