Castlekeep Investment Advisors LLC Makes New Investment in Deere & Company $DE

Castlekeep Investment Advisors LLC purchased a new stake in shares of Deere & Company (NYSE:DE) in the second quarter, Holdings Channel reports. The firm purchased 1,765 shares of the industrial products company’s stock, valued at approximately $1,120,000.

Several other hedge funds have also recently made changes to their positions in DE. Osterweis Capital Management Inc. purchased a new stake in shares of Deere & Company in the 2nd quarter worth about $27,319,000. Legal & General Group Plc purchased a new position in Deere & Company during the second quarter valued at $957,456,000. The Manufacturers Life Insurance Company bought a new position in Deere & Company in the 2nd quarter worth about $118,068,000. Kelly Lawrence W & Associates Inc. CA bought a new position in shares of Deere & Company in the second quarter worth approximately $682,000. Finally, Van Hulzen Asset Management LLC purchased a new stake in Deere & Company during the 2nd quarter valued at $1,210,000. 68.58% of the stock is owned by hedge funds and other institutional investors.

Deere & Company Stock Performance

DE stock opened at $631.41 on Wednesday. Deere & Company has a twelve month low of $433.00 and a twelve month high of $674.19. The business’s fifty day simple moving average is $609.25 and its two-hundred day simple moving average is $592.33. The firm has a market cap of $170.44 billion, a price-to-earnings ratio of 35.08, a PEG ratio of 2.30 and a beta of 0.90. The company has a quick ratio of 1.89, a current ratio of 2.10 and a debt-to-equity ratio of 1.45.

Deere & Company (NYSE:DE) last announced its quarterly earnings results 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 analyst estimates of $10.81 billion. Deere & Company had a return on equity of 18.10% and a net margin of 10.16%.Deere & Company’s quarterly revenue was up 6.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $4.75 earnings per share. Analysts predict that Deere & Company will post 18.11 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the stock. Seaport Research Partners set a $570.00 price target on shares of Deere & Company in a research note on Friday, August 14th. JPMorgan Chase & Co. raised their target price on shares of Deere & Company from $570.00 to $585.00 and gave the stock a “neutral” rating in a research note on Friday, August 21st. Barclays raised their target price on shares of Deere & Company from $640.00 to $675.00 and gave the company an “overweight” rating in a research note on Monday. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Deere & Company in a report on Tuesday, August 18th. Finally, Oppenheimer boosted their target price on shares of Deere & Company from $680.00 to $685.00 and gave the stock an “outperform” rating in a report on Thursday, August 20th. 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, Deere & Company has a consensus rating of “Moderate Buy” and a consensus target price of $653.48.

Trending Headlines about Deere & Company

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

• Positive Sentiment: Strong fiscal third-quarter results: Deere exceeded earnings expectations, with quarterly net income rising 7%. Construction & Forestry sales increased 18% year over year, benefiting from infrastructure investment and AI data-center construction. Deere & Company Strong Quarter Raises the Stakes for an Agricultural Recovery
• Positive Sentiment: Analysts raised their targets: DA Davidson lifted its price target to $760 and maintained a buy rating, while RBC reaffirmed its outperform rating with a $752 target. Analysts cited better-than-expected results, improving equipment orders and potential recovery in farm machinery demand. Deere analyst price-target updates
• Positive Sentiment: Construction and Forestry may provide longer-term growth: Higher volumes, pricing, technology adoption and demand tied to infrastructure spending are strengthening a segment that could help offset weakness in agricultural equipment. Can Construction and Forestry Fuel Deere’s Long-Term Growth?
• Neutral Sentiment: Competitive positioning is mixed: A comparison with Caterpillar concluded that CAT’s record sales, backlog and earnings growth currently give it an advantage over Deere, highlighting divergent outlooks within the heavy-equipment sector. Caterpillar vs. Deere
• Negative Sentiment: Tariff costs are expected to increase: Deere warned of a “step-up” in tariff expenses in 2027, raising concerns about margin pressure and potentially higher prices for customers. Deere expects step-up in tariff costs in 2027
• Negative Sentiment: Labor negotiations pose a future risk: United Auto Workers members rejected Deere’s proposed two-year contract extension, setting up potentially contentious bargaining in 2027. Wage demands and the possibility of operational disruptions could increase costs and uncertainty. UAW Workers Reject Deere’s Contract Extension Offer

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.