Keebeck Wealth Management Buys Shares of 1,930 Deere & Company $DE

Keebeck Wealth Management bought a new position in shares of Deere & Company (NYSE:DE) during the 2nd quarter, HoldingsChannel reports. The firm bought 1,930 shares of the industrial products company’s stock, valued at approximately $1,227,000.

A number of other large investors have also recently made changes to their positions in DE. Blue Capital Inc. purchased a new stake in Deere & Company during the 2nd quarter worth about $813,000. Keating Financial Advisory Services Inc. purchased a new position in Deere & Company during the 2nd quarter valued at about $336,000. Patron Partners LLC bought a new stake in shares of Deere & Company during the second quarter valued at about $1,206,000. OneAscent Family Office LLC bought a new stake in shares of Deere & Company during the second quarter valued at about $301,000. Finally, OneAscent Financial Services LLC purchased a new stake in shares of Deere & Company in the second quarter worth about $1,979,000. 68.58% of the stock is owned by institutional investors.

Deere & Company Stock Performance

NYSE DE opened at $648.61 on Friday. Deere & Company has a 52-week low of $433.00 and a 52-week high of $674.19. The company has a debt-to-equity ratio of 1.45, a quick ratio of 1.95 and a current ratio of 2.10. The company has a market capitalization of $175.08 billion, a P/E ratio of 36.03, a P/E/G ratio of 2.63 and a beta of 0.90. The company has a fifty day moving average of $606.90 and a 200-day moving average of $590.75.

Deere & Company (NYSE:DE) last announced its earnings results on Thursday, August 20th. The industrial products company reported $5.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.69 by $0.41. Deere & Company had a net margin of 10.16% and a return on equity of 18.10%. The company had revenue of $12.61 billion during the quarter, compared to analyst estimates of $10.81 billion. During the same period in the previous year, the business earned $4.75 earnings per share. The firm’s quarterly revenue was up 6.2% compared to the same quarter last year. As a group, equities research analysts predict that Deere & Company will post 18.23 EPS for the current fiscal year.

Deere & Company Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 10th. Investors of record on Tuesday, June 30th were issued 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 of this dividend was Tuesday, June 30th. Deere & Company’s dividend payout ratio (DPR) is currently 36.00%.

Key Stories Impacting Deere & Company

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

• Positive Sentiment: Q3 earnings and revenue beat expectations. Deere reported earnings of $5.10 per share, up from $4.75 a year earlier, on revenue of $12.61 billion, which rose about 6% year over year and exceeded analyst estimates. Deere Reports Third Quarter Net Income
• Positive Sentiment: Management raised its fiscal 2026 outlook. Deere increased its net-income forecast to $4.75 billion-$5.00 billion and expects $5.0 billion-$5.5 billion in equipment-operations cash flow, improving confidence in profitability and cash generation. Deere Raises FY2026 Outlook
• Positive Sentiment: Construction and forestry provided the key growth engine. Demand for bulldozers, excavators and other earth-moving equipment is largely booked through the rest of the year, supported by data-center and energy-infrastructure construction tied to artificial-intelligence investment. Deere Lifts Sales Guidance
• Positive Sentiment: The agricultural cycle may be nearing a bottom. Executives characterized fiscal 2026 as the likely trough for the agricultural equipment cycle and pointed to improving early order trends and potentially stronger demand in 2027. Deere also recognized $110 million in tariff refunds during the quarter. DE Q3 Earnings Call Highlights
• Neutral Sentiment: Analyst reactions were mixed but generally reflected higher estimates. Robert W. Baird raised its target to $640 and JPMorgan increased its target to $585, while both retained neutral ratings. Other analysts lifted targets as high as $685, indicating expectations have improved but also that valuation and limited near-term upside remain concerns. Deere Analysts Increase Forecasts
• Negative Sentiment: Agriculture remains a constraint. Production and precision agriculture demand is still weak, and Bank of America cautioned that any recovery may be gradual rather than a sharp cyclical rebound. The stock’s elevated valuation could make it vulnerable if farm-market improvement is delayed.

Analyst Ratings Changes

A number of equities analysts have recently commented on DE shares. UBS Group cut their price objective on shares of Deere & Company from $732.00 to $728.00 and set a “buy” rating for the company in a research report on Friday. Bank of America lowered their target price on shares of Deere & Company from $672.00 to $607.50 and set a “neutral” 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 report on Tuesday. DA Davidson set a $585.00 price target on shares of Deere & Company in a report on Friday. Finally, Citigroup increased their price objective on Deere & Company from $610.00 to $650.00 and gave the stock a “neutral” rating in a research report on Friday. Fourteen equities research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $643.38.

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.