Elevation Point Wealth Partners LLC Takes Position in Deere & Company $DE

Elevation Point Wealth Partners LLC acquired a new stake in Deere & Company (NYSE:DE) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 5,373 shares of the industrial products company’s stock, valued at approximately $3,412,000.

Several other hedge funds have also recently bought and sold shares of the company. Alta Advisers Ltd acquired a new position in Deere & Company in the 2nd quarter valued at about $623,000. Daiichi Life Insurance Co. Ltd. purchased a new stake in Deere & Company during the second quarter worth about $4,669,000. Commerce Bank acquired a new stake in shares of Deere & Company during the second quarter worth about $69,740,000. Northwestern Mutual Wealth Management Co. acquired a new stake in shares of Deere & Company during the second quarter worth about $88,735,000. Finally, WealthShield Partners LLC purchased a new position in shares of Deere & Company in the second quarter valued at approximately $418,000. Institutional investors and hedge funds own 68.58% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently weighed in on DE shares. Weiss Ratings restated a “hold (c+)” rating on shares of Deere & Company in a report on Tuesday. Robert W. Baird increased their target price on shares of Deere & Company from $525.00 to $640.00 and gave the stock a “neutral” rating in a report on Friday. Raymond James Financial decreased their price target on shares of Deere & Company from $765.00 to $700.00 and set an “outperform” rating for the company in a research report on Friday, May 22nd. Oppenheimer boosted their price target on shares of Deere & Company from $680.00 to $685.00 and gave the stock an “outperform” rating in a research note on Thursday. Finally, Wall Street Zen lowered Deere & Company from a “hold” rating to a “sell” rating in a research report on Saturday. Fourteen investment analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to MarketBeat, Deere & Company has a consensus rating of “Moderate Buy” and an average price target of $643.38.

Deere & Company Stock Performance

Shares of Deere & Company stock opened at $648.61 on Friday. The business has a 50-day simple moving average of $606.90 and a 200-day simple moving average of $590.75. The company has a debt-to-equity ratio of 1.45, a quick ratio of 1.95 and a current ratio of 2.10. Deere & Company has a one year low of $433.00 and a one year high of $674.19. The company has a market cap of $175.09 billion, a PE ratio of 36.03, a P/E/G ratio of 2.74 and a beta of 0.90.

Deere & Company (NYSE:DE) last issued its earnings results on Thursday, August 20th. The industrial products company reported $5.10 earnings per share for the quarter, beating 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 firm had revenue of $12.61 billion for the quarter, compared to analysts’ expectations of $10.81 billion. During the same quarter last year, the company earned $4.75 earnings per share. The firm’s revenue was up 6.2% compared to the same quarter last year. On average, equities research analysts forecast that Deere & Company will post 18.23 EPS 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. The ex-dividend date was Tuesday, June 30th. This represents a $6.48 dividend on an annualized basis and a dividend yield of 1.0%. Deere & Company’s payout ratio is presently 36.00%.

Deere & Company News Roundup

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.

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.