Davis Asset Management L.P. Invests $1.23 Million in Deere & Company $DE

Davis Asset Management L.P. acquired a new stake in shares of Deere & Company (NYSE:DE) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 1,943 shares of the industrial products company’s stock, valued at approximately $1,232,000.

A number of other hedge funds also recently made changes to their positions in the stock. Mowery & Schoenfeld Wealth Management LLC bought a new position in Deere & Company in the second quarter valued at $27,000. Kilter Group LLC purchased a new stake in Deere & Company during the second quarter valued at about $29,000. Timmons Wealth Management LLC bought a new stake in Deere & Company during the fourth quarter worth about $29,000. McIlrath & Eck LLC bought a new stake in Deere & Company during the fourth quarter worth about $30,000. Finally, Portus Wealth Advisors LLC purchased a new position in shares of Deere & Company in the 1st quarter worth about $32,000. 68.58% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

DE has been the topic of several recent research reports. Wall Street Zen lowered Deere & Company from a “hold” rating to a “sell” rating in a research report on Saturday. Raymond James Financial dropped their target price on Deere & Company from $765.00 to $700.00 and set an “outperform” rating for the company in a research report on Friday, May 22nd. Citigroup upped their target price on Deere & Company from $610.00 to $650.00 and gave the stock a “neutral” rating in a research note on Friday. Royal Bank Of Canada reiterated an “outperform” rating and set a $752.00 price target on shares of Deere & Company in a research report on Monday, June 1st. Finally, DA Davidson set a $585.00 price target on shares of Deere & Company in a research note on Friday. Fourteen equities research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. Based on data from MarketBeat, Deere & Company presently has an average rating of “Moderate Buy” and an average price target of $643.38.

Deere & Company Stock Up 4.5%

Shares of NYSE:DE opened at $648.61 on Friday. The stock has a market capitalization of $175.09 billion, a P/E ratio of 36.03, a price-to-earnings-growth ratio of 2.74 and a beta of 0.90. The stock’s 50-day moving average price is $606.90 and its 200-day moving average price is $590.75. The company has a current ratio of 2.10, a quick ratio of 1.95 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.

Deere & Company (NYSE:DE) last released its earnings results on Thursday, August 20th. The industrial products company reported $5.10 earnings per share for the quarter, beating analysts’ consensus estimates of $4.69 by $0.41. The company had revenue of $12.61 billion during the quarter, compared to analyst estimates of $10.81 billion. Deere & Company had a return on equity of 18.10% and a net margin of 10.16%.Deere & Company’s revenue for the quarter was up 6.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $4.75 EPS. On average, equities analysts anticipate that Deere & Company will post 18.23 earnings per share for the current year.

Deere & Company Announces Dividend

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