Deere & Company (NYSE:DE) Price Target Raised to $660.00

Deere & Company (NYSE:DE) had its price objective hoisted by Wolfe Research from $550.00 to $660.00 in a report issued on Tuesday,MarketScreener reports. They currently have an outperform rating on the industrial products company’s stock.

Other equities research analysts also recently issued reports about the company. Keefe, Bruyette & Woods reaffirmed an “outperform” rating on shares of Deere & Company in a research note on Monday, December 1st. UBS Group boosted their price target on Deere & Company from $535.00 to $775.00 and gave the company a “buy” rating in a research note on Friday, February 20th. JPMorgan Chase & Co. dropped their price objective on Deere & Company from $480.00 to $460.00 and set a “neutral” rating on the stock in a report on Friday, December 19th. Oppenheimer reaffirmed an “outperform” rating and set a $715.00 price objective on shares of Deere & Company in a research report on Friday, February 20th. Finally, Robert W. Baird lifted their target price on shares of Deere & Company from $467.00 to $675.00 and gave the company a “neutral” rating in a research note on Friday, February 20th. Sixteen 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. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $650.95.

Deere & Company Trading Up 0.8%

NYSE DE opened at $575.49 on Tuesday. The company has a current ratio of 2.21, a quick ratio of 1.96 and a debt-to-equity ratio of 1.59. Deere & Company has a 1-year low of $404.42 and a 1-year high of $674.19. The firm’s fifty day simple moving average is $583.51 and its 200-day simple moving average is $511.93. The company has a market capitalization of $155.45 billion, a PE ratio of 32.44, a price-to-earnings-growth ratio of 2.00 and a beta of 0.98.

Deere & Company (NYSE:DE) last released its quarterly earnings data on Thursday, February 19th. The industrial products company reported $2.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.90 by $0.52. Deere & Company had a return on equity of 18.93% and a net margin of 10.29%.The firm had revenue of $9.61 billion during the quarter, compared to analysts’ expectations of $7.50 billion. During the same quarter last year, the firm earned $3.19 earnings per share. The business’s revenue for the quarter was up 17.5% on a year-over-year basis. As a group, sell-side analysts anticipate that Deere & Company will post 19.32 earnings per share for the current fiscal year.

Deere & Company Dividend Announcement

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

Insider Transactions at Deere & Company

In other news, insider Cory J. Reed sold 12,000 shares of the company’s stock in a transaction dated Wednesday, January 14th. The shares were sold at an average price of $510.00, for a total transaction of $6,120,000.00. Following the completion of the transaction, the insider owned 20,792 shares of the company’s stock, valued at approximately $10,603,920. This represents a 36.59% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO John C. May II sold 41,472 shares of the stock in a transaction dated 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 owned 117,970 shares of the company’s stock, valued at approximately $59,160,775.30. The trade was a 26.01% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.29% of the stock is currently owned by corporate insiders.

Institutional Trading of Deere & Company

A number of hedge funds have recently modified their holdings of the company. Howard Hughes Medical Institute bought a new stake in shares of Deere & Company during the second quarter valued at approximately $27,000. Strategic Advocates LLC bought a new position in Deere & Company in the third quarter worth $25,000. Key Capital Management INC bought a new position in Deere & Company in the fourth quarter worth $27,000. Timmons Wealth Management LLC acquired a new stake in Deere & Company during the fourth quarter worth $29,000. Finally, McIlrath & Eck LLC acquired a new stake in Deere & Company during the fourth quarter worth $30,000. Institutional investors own 68.58% of the company’s stock.

More Deere & Company News

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.