Deere & Company’s (DE) Buy Rating Reiterated at DA Davidson

Deere & Company (NYSE:DE)‘s stock had its “buy” rating reiterated by analysts at DA Davidson in a report issued on Friday,Benzinga reports. They presently have a $685.00 target price on the industrial products company’s stock. DA Davidson’s price target would indicate a potential upside of 14.81% from the company’s current price.

DE has been the subject of several other reports. Oppenheimer reissued an “outperform” rating and issued a $680.00 target price (down from $715.00) on shares of Deere & Company in a report on Wednesday, May 27th. Wall Street Zen raised Deere & Company from a “sell” rating to a “hold” rating in a report on Sunday, July 5th. Robert W. Baird reduced their price target on shares of Deere & Company from $580.00 to $525.00 and set a “neutral” rating for the company in a research report on Friday, May 22nd. Jefferies Financial Group upgraded shares of Deere & Company from an “underperform” rating to a “hold” rating and set a $550.00 price target for the company in a research note on Wednesday, April 8th. Finally, Barclays raised their price objective on shares of Deere & Company from $530.00 to $640.00 and gave the stock an “overweight” rating in a research report on Tuesday, March 31st. Fourteen equities research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $642.98.

Deere & Company Stock Down 0.4%

Shares of Deere & Company stock traded down $2.34 during trading hours on Friday, hitting $596.63. The company had a trading volume of 499,400 shares, compared to its average volume of 1,416,189. The company has a debt-to-equity ratio of 1.54, a current ratio of 2.18 and a quick ratio of 1.95. The company’s 50-day moving average is $582.10 and its two-hundred day moving average is $571.13. The company has a market cap of $161.05 billion, a P/E ratio of 33.78, a price-to-earnings-growth ratio of 2.18 and a beta of 0.89. Deere & Company has a twelve month low of $433.00 and a twelve month high of $674.19.

Deere & Company (NYSE:DE) last announced its quarterly earnings results on Thursday, May 21st. The industrial products company reported $6.55 EPS for the quarter, topping the consensus estimate of $5.70 by $0.85. Deere & Company had a net margin of 10.09% and a return on equity of 18.25%. The firm had revenue of $13.37 billion for the quarter, compared to analyst estimates of $11.55 billion. During the same period last year, the business earned $6.64 EPS. Deere & Company’s revenue for the quarter was up 5.4% compared to the same quarter last year. Analysts anticipate that Deere & Company will post 18.13 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in DE. Vanguard Group Inc. boosted its holdings in Deere & Company by 0.9% in the 4th quarter. Vanguard Group Inc. now owns 22,583,185 shares of the industrial products company’s stock valued at $10,514,053,000 after purchasing an additional 198,332 shares in the last quarter. State Street Corp lifted its holdings in shares of Deere & Company by 0.9% in the 4th quarter. State Street Corp now owns 10,485,949 shares of the industrial products company’s stock valued at $4,898,717,000 after buying an additional 97,049 shares during the period. Capital World Investors boosted its stake in shares of Deere & Company by 53.9% in the fourth quarter. Capital World Investors now owns 9,592,004 shares of the industrial products company’s stock valued at $4,465,906,000 after buying an additional 3,358,264 shares in the last quarter. Price T Rowe Associates Inc. MD raised its position in Deere & Company by 2.1% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 7,692,877 shares of the industrial products company’s stock worth $3,581,574,000 after acquiring an additional 158,584 shares in the last quarter. Finally, Geode Capital Management LLC raised its position in Deere & Company by 0.3% in the fourth quarter. Geode Capital Management LLC now owns 5,600,552 shares of the industrial products company’s stock worth $2,609,149,000 after acquiring an additional 17,269 shares in the last quarter. 68.58% of the stock is currently owned by institutional investors and hedge funds.

More Deere & Company News

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

• Positive Sentiment: Deere shares had recently shown resilience, rising in the latest reported trading session despite a softer broader market, suggesting investors still see value in the stock. Deere (DE) Increases Despite Market Slip: Here’s What You Need to Know
• Neutral Sentiment: Deere was included in broader articles highlighting agriculture and industrial stocks to watch, but these pieces did not provide company-specific news that would materially move the stock. Best Agriculture Stocks To Watch Now – July 14th
• Negative Sentiment: Erste Group Bank lowered its FY2027 EPS estimate for Deere to $22.81 from $23.00, adding to concerns that earnings growth may be slowing. Even after the cut, the forecast remains above current consensus, but the revision can still weigh on sentiment. Deere & Company stock report
• Negative Sentiment: A recent FTC settlement requires John Deere to expand access to repair tools, which could increase support costs and reduce some of the company’s aftermarket control over repairs. John Deere agrees to expand repair tool access under FTC settlement

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.