PCM Encore LLC Buys Shares of 1,336 Deere & Company $DE

PCM Encore LLC purchased a new position in shares of Deere & Company (NYSE:DE) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,336 shares of the industrial products company’s stock, valued at approximately $848,000.

Several other hedge funds and other institutional investors have also modified their holdings of DE. Mowery & Schoenfeld Wealth Management LLC acquired a new stake in shares of Deere & Company in the second quarter valued at $27,000. Portus Wealth Advisors LLC acquired a new position in Deere & Company during the 1st quarter worth about $32,000. Harborfront Financial Group LLC acquired a new position in Deere & Company during the 2nd quarter worth about $39,000. Timmons Wealth Management LLC purchased a new position in Deere & Company during the 4th quarter valued at about $29,000. Finally, McIlrath & Eck LLC purchased a new position in Deere & Company during the 4th quarter valued at about $30,000. 68.58% of the stock is currently owned by hedge funds and other institutional investors.

Key Deere & Company News

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

• Positive Sentiment: Deere reported fiscal Q3 net income of $1.379 billion, or $5.10 per share, up from $4.75 per share a year earlier. Revenue rose approximately 6% to $12.61 billion, exceeding analyst expectations for both earnings and sales. Deere Reports Third Quarter Net Income of $1.379 Billion
• Positive Sentiment: Management raised fiscal 2026 net-income guidance to $4.75 billion-$5.00 billion, from a prior range of $4.50 billion-$5.00 billion, and expects $5 billion-$5.5 billion in equipment-operations cash flow. Deere Raises FY2026 Net Income Outlook
• Positive Sentiment: The Construction & Forestry and Small Agriculture & Turf divisions provided the main upside, with demand tied to energy infrastructure and data-center construction supporting Deere’s nonfarm businesses. The company also indicated that fiscal 2026 could mark the bottom of the current agricultural equipment cycle. Deere Stock Soars After Construction Unit Drives Earnings Beat
• Neutral Sentiment: Management cited improving early order trends, used-equipment inventories and resilient parts demand, which may support a gradual recovery; however, the broader farm-equipment rebound is expected to be more pronounced in 2027. Deere Narrows Profit Outlook as Farm Recovery Seen in 2027
• Negative Sentiment: Production agriculture remains pressured by weak farm conditions, while tariffs and regional sales weakness could weigh on margins and demand. The stock’s strong earnings reaction also leaves valuation and expectations elevated, increasing sensitivity to any signs that the agricultural recovery is delayed.

Deere & Company Trading Up 7.5%

DE opened at $624.38 on Friday. The business has a fifty day moving average price of $605.47 and a 200 day moving average price of $590.34. The company has a debt-to-equity ratio of 1.54, a current ratio of 2.18 and a quick ratio of 1.95. Deere & Company has a 12 month low of $433.00 and a 12 month high of $674.19. The stock has a market capitalization of $168.55 billion, a price-to-earnings ratio of 35.38, a PEG ratio of 2.46 and a beta of 0.90.

Deere & Company (NYSE:DE) last posted 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 company had revenue of $12.61 billion for the quarter, compared to analyst estimates of $10.81 billion. Deere & Company had a return on equity of 18.25% and a net margin of 10.09%.Deere & Company’s revenue for the quarter was up 6.2% compared to the same quarter last year. During the same quarter last year, the company earned $4.75 EPS. Sell-side analysts expect that Deere & Company will post 18.21 earnings per share for the current fiscal year.

Deere & Company Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, August 10th. Investors of record on Tuesday, June 30th were paid a dividend of $1.62 per share. This represents a $6.48 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date was Tuesday, June 30th. Deere & Company’s dividend payout ratio is presently 36.71%.

Analysts Set New Price Targets

A number of analysts have issued reports on DE shares. Raymond James Financial cut their price target on shares of Deere & Company from $765.00 to $700.00 and set an “outperform” rating on the stock in a research note on Friday, May 22nd. Weiss Ratings reissued a “hold (c+)” rating on shares of Deere & Company in a research note on Tuesday. Seaport Research Partners set a $570.00 price objective on shares of Deere & Company in a report on Friday, August 14th. Oppenheimer restated an “outperform” rating on shares of Deere & Company in a report on Thursday. Finally, DA Davidson reaffirmed a “buy” rating and set a $685.00 target price on shares of Deere & Company in a research note on Friday, July 17th. Fourteen analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $641.98.

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.