Deere & Company (NYSE:DE) Price Target Raised to $640.00

Deere & Company (NYSE:DE) had its target price lifted by Barclays from $530.00 to $640.00 in a research note released on Tuesday, MarketBeat.com reports. They currently have an overweight rating on the industrial products company’s stock.

DE has been the topic of several other reports. Royal Bank Of Canada raised their price objective on Deere & Company from $541.00 to $736.00 and gave the company an “outperform” rating in a research report on Friday, February 20th. Wall Street Zen upgraded Deere & Company from a “sell” rating to a “hold” rating in a research note on Saturday, February 7th. Daiwa Securities Group dropped their target price on Deere & Company from $530.00 to $520.00 and set an “outperform” rating on the stock in a report on Tuesday, December 2nd. Argus boosted their price target on Deere & Company from $540.00 to $700.00 and gave the stock a “buy” rating in a research report on Tuesday, March 3rd. Finally, Bank of America upped their price target on Deere & Company from $502.00 to $672.00 and gave the stock a “neutral” rating in a report on Friday, February 20th. Sixteen equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $650.95.

Deere & Company Price Performance

Deere & Company stock opened at $575.49 on Tuesday. Deere & Company has a 52-week low of $404.42 and a 52-week high of $674.19. The firm has a fifty day moving average of $583.51 and a 200-day moving average of $511.93. The firm has a market capitalization of $155.45 billion, a P/E ratio of 32.44, a PEG ratio of 2.00 and a beta of 0.98. The company has a quick ratio of 1.96, a current ratio of 2.21 and a debt-to-equity ratio of 1.59.

Deere & Company (NYSE:DE) last issued its earnings results on Thursday, February 19th. The industrial products company reported $2.42 EPS for the quarter, beating analysts’ consensus estimates of $1.90 by $0.52. Deere & Company had a net margin of 10.29% and a return on equity of 18.93%. The business had revenue of $9.61 billion for the quarter, compared to the consensus estimate of $7.50 billion. During the same quarter last year, the firm posted $3.19 EPS. The business’s revenue for the quarter was up 17.5% compared to the same quarter last year. As a group, analysts predict that Deere & Company will post 19.32 EPS for the current year.

Deere & Company Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, May 8th. Investors of record on Tuesday, March 31st will be given a dividend of $1.62 per share. This represents a $6.48 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend is Tuesday, March 31st. Deere & Company’s dividend payout ratio is currently 36.53%.

Insider Activity at Deere & Company

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 stock was sold at an average price of $501.49, for a total transaction of $20,797,793.28. Following the transaction, the chief executive officer directly owned 117,970 shares in the company, valued at $59,160,775.30. This trade represents a 26.01% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Cory J. Reed sold 12,000 shares of the 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 ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 0.29% of the company’s stock.

Institutional Investors Weigh In On Deere & Company

Several institutional investors and hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. raised its position in shares of Deere & Company by 0.9% during the 4th quarter. Vanguard Group Inc. now owns 22,583,185 shares of the industrial products company’s stock worth $10,514,053,000 after purchasing an additional 198,332 shares during the period. State Street Corp lifted its holdings in shares of Deere & Company by 0.9% in the 4th quarter. State Street Corp now owns 10,485,949 shares of the industrial products company’s stock worth $4,898,717,000 after purchasing an additional 97,049 shares during the last quarter. Capital World Investors boosted its position in Deere & Company by 53.9% during the 4th quarter. Capital World Investors now owns 9,592,004 shares of the industrial products company’s stock valued at $4,465,906,000 after purchasing an additional 3,358,264 shares during the period. Price T Rowe Associates Inc. MD boosted its position in Deere & Company by 2.1% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 7,692,877 shares of the industrial products company’s stock valued at $3,581,574,000 after purchasing an additional 158,584 shares during the period. Finally, Geode Capital Management LLC grew its stake in Deere & Company by 0.3% during the 4th quarter. Geode Capital Management LLC now owns 5,600,552 shares of the industrial products company’s stock worth $2,609,149,000 after buying an additional 17,269 shares during the last quarter. Institutional investors and hedge funds own 68.58% of the company’s stock.

Trending Headlines about Deere & Company

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

• Positive Sentiment: Wolfe Research raised its price target to $660 and maintained an “outperform” rating, signaling stronger earnings/volume expectations that support upside for DE. Wolfe Research PT Raise
• Positive Sentiment: Barclays lifted its target to $640 and kept an “overweight” rating — another institutional vote of confidence that likely helped buying interest. Barclays PT Raise
• Positive Sentiment: Deere announced a marketing/partnership initiative with Major League Baseball, which can boost brand visibility and aftermarket demand over time. John Deere MLB Partnership
• Positive Sentiment: John Deere opened a Central Texas testing facility for new farming technology — a sign of continued investment in precision/ag tech that supports medium‑term revenue and margin expansion. Central Texas Facility
• Neutral Sentiment: Coverage pieces highlight Deere’s leadership in precision farming and its Russell 1000 positioning — positive for narrative but not immediate price catalysts. Precision Farming Coverage
• Neutral Sentiment: A MarketWatch note said the stock rose but still underperformed the broader market — context for relative performance but not a directional catalyst. MarketWatch Note
• Neutral Sentiment: A small‑cap TSXV company (Decisive Dividend Corporation, ticker DE on TSXV) closed a private placement — unrelated ticker noise that can cause confusion in scanners but does not affect Deere & Company. Decisive Dividend Private Placement
• Negative Sentiment: Robert W. Baird cut its price target from $675 to $580 and moved to “neutral,” reducing an optimistic view and trimming expected upside for some investors. Baird PT Cut
• Negative Sentiment: Ongoing U.S. political discussion about tariffs on heavy machinery imported from Mexico poses a regulatory/supply‑chain risk that could increase costs or disrupt production plans if enacted. Tariff Risk Article

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.