Deere & Company (NYSE:DE) Hits New 12-Month High on Earnings Beat

Shares of Deere & Company (NYSE:DE) reached a new 52-week high during mid-day trading on Thursday after the company announced better than expected quarterly earnings. The company traded as high as $639.99 and last traded at $648.5010, with a volume of 284135 shares traded. The stock had previously closed at $593.27.

The industrial products company reported $2.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.90 by $0.52. The business had revenue of $9.61 billion for the quarter, compared to analysts’ expectations of $7.50 billion. Deere & Company had a net margin of 10.29% and a return on equity of 18.93%. The company’s quarterly revenue was up 17.5% on a year-over-year basis. During the same period last year, the company earned $3.19 earnings per share.

Deere & Company Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, February 9th. Stockholders of record on Wednesday, December 31st 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 was Wednesday, December 31st. Deere & Company’s dividend payout ratio is presently 36.53%.

More Deere & Company News

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

• Positive Sentiment: Q1 beat and raised FY guidance — Deere reported Q1 revenue of $9.61B and EPS of $2.42 (above estimates) and raised fiscal‑2026 net‑income guidance to $4.5B–$5.0B, which traders interpreted as confirmation that order trends and construction demand are improving. Deere Lifts Full-Year Profit Forecast as Construction, Sales Rebound (Reuters)
• Positive Sentiment: Large analyst price‑target upgrades — several firms jumped their targets after the beat-and-raise (notable moves: Truist to $793, DA Davidson to $775, Wells Fargo to $750, RBC to $736, BofA to $672), supporting further upside expectations. Wall Street Goes Wild For Deere: The Real Reason Analysts Are Hiking Price Forecasts (Benzinga)
• Positive Sentiment: Construction recovery, product strategy and M&A — management says 2026 may be the bottom of the farm cycle and highlighted strength in construction and small‑ag; Deere completed the Tenna acquisition and is pushing AI/connected‑equipment initiatives, which boost long‑term growth narrative. John Deere Completes Acquisition of Tenna (ForConstructionPros)
• Neutral Sentiment: Some analysts remain cautious despite higher targets — a few shops raised targets but kept market‑perform/neutral ratings (e.g., Sanford Bernstein, BMO), signaling mixed conviction beneath the bullish headlines. Bernstein Adjusts Price Target on Deere to $615 from $521; Maintains Market Perform (MarketScreener)
• Negative Sentiment: Profit and margin headwinds remain — net income fell year‑over‑year (to ~$656M) as tariffs and an unfavorable sales mix pressured margins; that keeps some earnings risk if tariffs or costs persist. Deere Profit Sinks as Tariffs Weigh on Margins (WSJ)

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on DE shares. Sanford C. Bernstein upped their price target on Deere & Company from $521.00 to $615.00 and gave the stock a “market perform” rating in a research note on Friday. Royal Bank Of Canada increased their target price on shares of Deere & Company from $541.00 to $736.00 and gave the stock an “outperform” rating in a research report on Friday. Bank of America raised their price target on shares of Deere & Company from $502.00 to $672.00 and gave the company a “neutral” rating in a report on Friday. Truist Financial boosted their price objective on shares of Deere & Company from $612.00 to $793.00 and gave the stock a “buy” rating in a research note on Friday. Finally, DA Davidson increased their price objective on shares of Deere & Company from $580.00 to $775.00 and gave the stock a “buy” rating in a research report on Friday. Fifteen analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $607.20.

Insider Buying and Selling

In related news, CEO John C. May II sold 41,472 shares of the firm’s stock in a transaction on Thursday, January 8th. The shares were sold at an average price of $501.49, for a total transaction of $20,797,793.28. Following the completion of the sale, the chief executive officer directly owned 117,970 shares of the company’s stock, valued at approximately $59,160,775.30. This trade represents a 26.01% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Cory J. Reed sold 12,000 shares of Deere & Company stock in a transaction on Wednesday, January 14th. The stock was sold at an average price of $510.00, for a total transaction of $6,120,000.00. Following the sale, the insider directly owned 20,792 shares in the company, valued at $10,603,920. This trade represents a 36.59% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 64,578 shares of company stock worth $32,471,682 in the last quarter. Insiders own 0.29% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the stock. The Manufacturers Life Insurance Company increased its holdings in shares of Deere & Company by 30.6% in the second quarter. The Manufacturers Life Insurance Company now owns 364,103 shares of the industrial products company’s stock valued at $185,143,000 after buying an additional 85,351 shares in the last quarter. Csenge Advisory Group boosted its stake in shares of Deere & Company by 84.9% during the 3rd quarter. Csenge Advisory Group now owns 7,440 shares of the industrial products company’s stock worth $3,402,000 after acquiring an additional 3,416 shares in the last quarter. MASTERINVEST Kapitalanlage GmbH acquired a new position in shares of Deere & Company in the 2nd quarter worth $3,615,000. Mesirow Financial Investment Management Inc. raised its position in shares of Deere & Company by 1.0% during the second quarter. Mesirow Financial Investment Management Inc. now owns 4,678 shares of the industrial products company’s stock worth $2,379,000 after purchasing an additional 45 shares during the period. Finally, WINTON GROUP Ltd acquired a new stake in shares of Deere & Company during the second quarter worth $4,550,000. 68.58% of the stock is currently owned by institutional investors.

Deere & Company Stock Performance

The company has a debt-to-equity ratio of 1.59, a current ratio of 2.21 and a quick ratio of 2.01. The firm has a market capitalization of $179.65 billion, a PE ratio of 37.36, a P/E/G ratio of 2.64 and a beta of 1.02. The firm has a fifty day moving average price of $522.56 and a 200 day moving average price of $491.27.

About Deere & Company

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.