Legato Capital Management LLC Has $3.46 Million Position in Deere & Company $DE

Legato Capital Management LLC reduced its stake in shares of Deere & Company (NYSE:DE) by 14.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 7,424 shares of the industrial products company’s stock after selling 1,300 shares during the quarter. Legato Capital Management LLC’s holdings in Deere & Company were worth $3,456,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the stock. Karras Company Inc. acquired a new position in shares of Deere & Company during the 4th quarter worth about $486,000. RD Lewis Holdings Inc. grew its position in shares of Deere & Company by 5.4% during the 4th quarter. RD Lewis Holdings Inc. now owns 2,785 shares of the industrial products company’s stock worth $1,297,000 after buying an additional 143 shares during the period. Evoke Wealth LLC grew its position in shares of Deere & Company by 2.5% during the 4th quarter. Evoke Wealth LLC now owns 830 shares of the industrial products company’s stock worth $388,000 after buying an additional 20 shares during the period. Axxcess Wealth Management LLC grew its position in shares of Deere & Company by 89.1% during the 4th quarter. Axxcess Wealth Management LLC now owns 13,532 shares of the industrial products company’s stock worth $6,300,000 after buying an additional 6,377 shares during the period. Finally, Midwest Financial Partners Investments Inc. acquired a new position in shares of Deere & Company during the 4th quarter worth about $461,000. 68.58% of the stock is currently owned by institutional investors and hedge funds.

Deere & Company Price Performance

Shares of DE opened at $529.88 on Friday. The company has a debt-to-equity ratio of 1.54, a quick ratio of 1.96 and a current ratio of 2.18. The stock has a 50 day simple moving average of $576.52 and a 200 day simple moving average of $539.80. Deere & Company has a 52-week low of $433.00 and a 52-week high of $674.19. The firm has a market capitalization of $143.13 billion, a PE ratio of 30.02, a P/E/G ratio of 1.85 and a beta of 0.96.

Deere & Company (NYSE:DE) last issued its quarterly earnings data on Thursday, May 21st. The industrial products company reported $6.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.70 by $0.85. Deere & Company had a return on equity of 18.25% and a net margin of 10.09%.The business had revenue of $11.78 billion during the quarter, compared to analyst estimates of $11.55 billion. During the same period in the previous year, the firm earned $6.64 EPS. Deere & Company’s quarterly revenue was up 5.4% compared to the same quarter last year. Sell-side analysts predict that Deere & Company will post 18.01 EPS for the current fiscal year.

Deere & Company Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, May 8th. Shareholders of record on Tuesday, March 31st were given a dividend of $1.62 per share. The ex-dividend date of this dividend was Tuesday, March 31st. This represents a $6.48 dividend on an annualized basis and a yield of 1.2%. Deere & Company’s dividend payout ratio is 36.53%.

Trending Headlines about Deere & Company

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

• Positive Sentiment: Deere beat Q2 estimates on both earnings and revenue, with EPS of $6.55 and sales of $13.37 billion, helped by strength in Construction & Forestry and Small Ag & Turf. Deere Beats Q2 Estimates, But Ag Weakness Weighs on Outlook
• Positive Sentiment: Management raised its Construction & Forestry outlook, citing strong demand tied to data center and AI infrastructure spending, which supports a non-farm growth engine for Deere. Deere forecasts FY2026 net income of $4.5B-$5B while lifting construction & forestry sales outlook to up ~20%
• Neutral Sentiment: Several analysts adjusted price targets after earnings, but most kept neutral or buy ratings, suggesting Wall Street sees limited near-term upside until the ag cycle improves. JPMorgan adjusts price target on Deere Co. to $560 from $550, maintains neutral rating
• Neutral Sentiment: Deere maintained its full-year net income forecast of $4.5 billion to $5.0 billion, which reassured investors on guidance but did not signal a stronger rebound in the core farm market. Deere beats second-quarter profit estimate but maintains full-year forecast
• Negative Sentiment: Weak Production & Precision Agriculture sales, down sharply year over year, remain the main concern and are weighing on investor sentiment about Deere’s earnings quality and valuation. Deere Beats Q2 Estimates, But Ag Weakness Weighs on Outlook
• Negative Sentiment: A new class-action lawsuit over right-to-repair practices adds another legal overhang, potentially raising questions about Deere’s aftermarket model and customer relations. Deere Lawsuit Puts Right To Repair Model And Aftermarket Profits Under Review

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on DE shares. Truist Financial boosted their target price on Deere & Company from $612.00 to $793.00 and gave the stock a “buy” rating in a research report on Friday, February 20th. Wolfe Research boosted their price objective on Deere & Company from $550.00 to $660.00 and gave the company an “outperform” rating in a research report on Tuesday, March 31st. DA Davidson decreased their price objective on Deere & Company from $775.00 to $685.00 and set a “buy” rating for the company in a research report on Friday. BMO Capital Markets boosted their price objective on Deere & Company from $460.00 to $500.00 and gave the company a “market perform” rating in a research report on Friday, February 20th. Finally, Citigroup decreased their price objective on Deere & Company from $625.00 to $595.00 and set a “neutral” rating for the company in a research report on Friday. Fifteen analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $643.98.

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.