Deere & Company (NYSE:DE) Hits New 52-Week High – Should You Buy?

Deere & Company (NYSE:DE) shares reached a new 52-week high on Tuesday . The stock traded as high as $675.75 and last traded at $671.8070, with a volume of 689365 shares changing hands. The stock had previously closed at $654.91.

Key Stories Impacting Deere & Company

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

• Positive Sentiment: Baird upgraded Deere to Outperform and raised its price target to $800 from $640. The firm expects North American agricultural fundamentals to improve in 2027, supported by firmer corn prices and a recovery in row-crop demand. Baird Just Upgraded Deere Stock. Here’s Why.
• Positive Sentiment: The upgrade prompted a broader rally in agricultural machinery stocks, including AGCO, as investors positioned for an eventual rebound in farm-equipment demand. The call also suggests Deere may be approaching the bottom of its current agricultural cycle. Deere and AGCO Rally as Baird Upgrades Both on North America Row Crop Demand
• Positive Sentiment: Options activity was unusually strong, with investors purchasing 8,338 call options—about 61% above typical call volume—indicating increased near-term bullish positioning, although options activity is not a guarantee of future performance.
• Positive Sentiment: Deere’s latest quarterly report provided fundamental support for the rally: earnings per share came in at $5.10 versus the $4.69 consensus estimate, revenue reached $12.61 billion, and fiscal 2026 net-income guidance was raised to $4.75 billion-$5.00 billion.
• Neutral Sentiment: Investor interest is mixed but broadly constructive: 1,226 institutional investors added DE shares in the latest quarter, while 1,127 reduced positions. Reported large buyers included JPMorgan and Capital International Investors.
• Negative Sentiment: Insider trading data shows no reported open-market purchases and 15 sales over the past six months, including more than 31,000 shares sold by an executive. This may temper enthusiasm, though insider sales can reflect personal liquidity or diversification needs.

Analyst Ratings Changes

DE has been the topic of several research reports. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Deere & Company in a research report on Tuesday, August 18th. Raymond James Financial raised their price target on shares of Deere & Company from $700.00 to $730.00 and gave the stock an “outperform” rating in a research note on Monday. Seaport Research Partners set a $570.00 price objective on Deere & Company in a research note on Friday, August 14th. Bank of America dropped their price objective on shares of Deere & Company from $672.00 to $607.50 and set a “neutral” rating on the stock in a report on Friday, May 22nd. Finally, Wall Street Zen cut Deere & Company from a “hold” rating to a “sell” rating in a report on Saturday, August 22nd. Sixteen investment analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $662.98.

Deere & Company Price Performance

The business’s fifty day moving average price is $612.74 and its 200-day moving average price is $593.84. The company has a market capitalization of $181.07 billion, a P/E ratio of 37.31, a P/E/G ratio of 2.60 and a beta of 0.90. The company has a current ratio of 2.10, a quick ratio of 1.89 and a debt-to-equity ratio of 1.45.

Deere & Company (NYSE:DE) last released its quarterly earnings results on Thursday, August 20th. The industrial products company reported $5.10 earnings per share for the quarter, beating analysts’ consensus estimates of $4.69 by $0.41. Deere & Company had a return on equity of 18.10% and a net margin of 10.16%.The business had revenue of $12.61 billion for the quarter, compared to the consensus estimate of $10.81 billion. During the same quarter last year, the business posted $4.75 earnings per share. The company’s revenue for the quarter was up 6.2% on a year-over-year basis. As a group, sell-side analysts predict that Deere & Company will post 18.11 earnings per share for the current fiscal year.

Deere & Company Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, November 9th. Investors of record on Wednesday, September 30th will be given a $1.62 dividend. The ex-dividend date is Wednesday, September 30th. This represents a $6.48 dividend on an annualized basis and a yield of 1.0%. Deere & Company’s payout ratio is presently 36.00%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. SHEPHERD WEALTH MANAGEMENT Ltd LIABILITY Co grew its holdings in shares of Deere & Company by 3.2% during the 2nd quarter. SHEPHERD WEALTH MANAGEMENT Ltd LIABILITY Co now owns 516 shares of the industrial products company’s stock valued at $308,000 after purchasing an additional 16 shares during the last quarter. Anchyra Partners LLC boosted its position in Deere & Company by 0.5% during the first quarter. Anchyra Partners LLC now owns 3,191 shares of the industrial products company’s stock valued at $1,797,000 after buying an additional 17 shares during the period. William B. Walkup & Associates Inc. boosted its position in Deere & Company by 0.6% during the first quarter. William B. Walkup & Associates Inc. now owns 2,908 shares of the industrial products company’s stock valued at $1,638,000 after buying an additional 17 shares during the period. Advisortrust Partners LLC grew its stake in shares of Deere & Company by 2.0% during the first quarter. Advisortrust Partners LLC now owns 914 shares of the industrial products company’s stock valued at $515,000 after buying an additional 18 shares during the last quarter. Finally, Cerro Pacific Wealth Advisors LLC increased its holdings in shares of Deere & Company by 0.6% in the fourth quarter. Cerro Pacific Wealth Advisors LLC now owns 3,179 shares of the industrial products company’s stock worth $1,480,000 after buying an additional 19 shares during the period. 68.58% of the stock is currently 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.