Roberts Glore & Co. Inc. IL Makes New Investment in Deere & Company $DE

Roberts Glore & Co. Inc. IL bought a new stake in Deere & Company (NYSE:DE) in the second quarter, HoldingsChannel reports. The fund bought 1,463 shares of the industrial products company’s stock, valued at approximately $928,000.

Other large investors also recently modified their holdings of the company. BlackRock Inc. bought a new stake in Deere & Company in the 2nd quarter valued at approximately $11,763,504,000. Norges Bank acquired a new stake in shares of Deere & Company in the fourth quarter valued at about $1,715,633,000. Capital World Investors raised its holdings in Deere & Company by 53.9% during the fourth quarter. Capital World Investors now owns 9,592,004 shares of the industrial products company’s stock worth $4,465,906,000 after acquiring an additional 3,358,264 shares in the last quarter. Bank of New York Mellon Corp bought a new stake in Deere & Company during the second quarter worth about $1,259,279,000. Finally, Northwestern Mutual Wealth Management Co. boosted its position in Deere & Company by 1,725.8% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 2,003,715 shares of the industrial products company’s stock valued at $932,870,000 after purchasing an additional 1,893,972 shares during the last quarter. 68.58% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the company. Bank of America decreased their price target on Deere & Company from $672.00 to $607.50 and set a “neutral” rating for the company in a research note on Friday, May 22nd. Robert W. Baird increased their price objective on Deere & Company from $525.00 to $640.00 and gave the company a “neutral” rating in a report on Friday, August 21st. UBS Group decreased their target price on shares of Deere & Company from $732.00 to $728.00 and set a “buy” rating for the company in a research note on Friday. Citigroup boosted their target price on shares of Deere & Company from $610.00 to $650.00 and gave the stock a “neutral” rating in a report on Friday. Finally, Raymond James Financial dropped 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 report on Friday, May 22nd. Fourteen research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Deere & Company currently has a consensus rating of “Moderate Buy” and an average target price of $653.48.

Key Deere & Company News

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

• Positive Sentiment: Strong fiscal third-quarter results: Deere exceeded earnings expectations, with quarterly net income rising 7%. Construction & Forestry sales increased 18% year over year, benefiting from infrastructure investment and AI data-center construction. Deere & Company Strong Quarter Raises the Stakes for an Agricultural Recovery
• Positive Sentiment: Analysts raised their targets: DA Davidson lifted its price target to $760 and maintained a buy rating, while RBC reaffirmed its outperform rating with a $752 target. Analysts cited better-than-expected results, improving equipment orders and potential recovery in farm machinery demand. Deere analyst price-target updates
• Positive Sentiment: Construction and Forestry may provide longer-term growth: Higher volumes, pricing, technology adoption and demand tied to infrastructure spending are strengthening a segment that could help offset weakness in agricultural equipment. Can Construction and Forestry Fuel Deere’s Long-Term Growth?
• Neutral Sentiment: Competitive positioning is mixed: A comparison with Caterpillar concluded that CAT’s record sales, backlog and earnings growth currently give it an advantage over Deere, highlighting divergent outlooks within the heavy-equipment sector. Caterpillar vs. Deere
• Negative Sentiment: Tariff costs are expected to increase: Deere warned of a “step-up” in tariff expenses in 2027, raising concerns about margin pressure and potentially higher prices for customers. Deere expects step-up in tariff costs in 2027
• Negative Sentiment: Labor negotiations pose a future risk: United Auto Workers members rejected Deere’s proposed two-year contract extension, setting up potentially contentious bargaining in 2027. Wage demands and the possibility of operational disruptions could increase costs and uncertainty. UAW Workers Reject Deere’s Contract Extension Offer

Deere & Company Stock Performance

DE opened at $631.41 on Wednesday. The company has a quick ratio of 1.89, a current ratio of 2.10 and a debt-to-equity ratio of 1.45. Deere & Company has a 12-month low of $433.00 and a 12-month high of $674.19. The business has a 50 day moving average of $609.25 and a 200-day moving average of $592.33. The stock has a market cap of $170.44 billion, a price-to-earnings ratio of 35.08, a PEG ratio of 2.30 and a beta of 0.90.

Deere & Company (NYSE:DE) last posted its earnings results on Thursday, August 20th. The industrial products company reported $5.10 earnings per share for the quarter, topping analysts’ consensus estimates of $4.69 by $0.41. Deere & Company had a return on equity of 18.10% and a net margin of 10.16%.The business had revenue of $12.61 billion for the quarter, compared to analyst estimates of $10.81 billion. During the same period in the previous year, the firm earned $4.75 EPS. The firm’s revenue was up 6.2% compared to the same quarter last year. On average, equities research analysts expect that Deere & Company will post 18.11 earnings per share for the current year.

Deere & Company 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.