Deere & Company (NYSE:DE) Given “Buy” Rating at DA Davidson

DA Davidson reaffirmed their buy rating on shares of Deere & Company (NYSE:DE) in a research report released on Friday,Benzinga reports. They currently have a $685.00 target price on the industrial products company’s stock.

A number of other research analysts also recently issued reports on the stock. Truist Financial upped their target price on shares of Deere & Company from $759.00 to $812.00 and gave the company a “buy” rating in a research report on Thursday, July 2nd. Bank of America dropped their price target on shares of Deere & Company from $672.00 to $607.50 and set a “neutral” rating for the company in a research note on Friday, May 22nd. JPMorgan Chase & Co. increased their price objective on shares of Deere & Company from $560.00 to $590.00 and gave the company a “neutral” rating in a report on Thursday, June 4th. Raymond James Financial reduced their price objective on shares of Deere & Company from $765.00 to $700.00 and set an “outperform” rating on the stock in a research note on Friday, May 22nd. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and set a $752.00 target price on shares of Deere & Company in a report on Monday, June 1st. Fourteen equities research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $642.98.

Deere & Company Stock Down 0.2%

NYSE DE opened at $597.56 on Friday. The stock has a market capitalization of $161.31 billion, a P/E ratio of 33.86, a price-to-earnings-growth ratio of 2.22 and a beta of 0.89. Deere & Company has a 52 week low of $433.00 and a 52 week high of $674.19. The company has a debt-to-equity ratio of 1.54, a quick ratio of 1.95 and a current ratio of 2.18. The stock has a fifty day moving average of $582.55 and a 200-day moving average of $571.31.

Deere & Company (NYSE:DE) last issued its quarterly earnings results on Thursday, May 21st. The industrial products company reported $6.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.70 by $0.85. The business had revenue of $13.37 billion for the quarter, compared to analyst estimates of $11.55 billion. Deere & Company had a return on equity of 18.25% and a net margin of 10.09%.The firm’s revenue for the quarter was up 5.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $6.64 earnings per share. On average, equities research analysts forecast that Deere & Company will post 18.13 EPS for the current year.

Deere & Company Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, August 10th. Investors of record on Tuesday, June 30th will be issued a $1.62 dividend. This represents a $6.48 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date is Tuesday, June 30th. Deere & Company’s dividend payout ratio (DPR) is 36.71%.

Hedge Funds Weigh In On Deere & Company

Several large investors have recently modified their holdings of DE. First Community Trust NA grew its stake in shares of Deere & Company by 1.6% in the second quarter. First Community Trust NA now owns 14,295 shares of the industrial products company’s stock worth $9,068,000 after purchasing an additional 226 shares during the last quarter. Walker Asset Management LLC acquired a new position in Deere & Company during the 2nd quarter worth about $215,000. Ballast Inc. lifted its holdings in Deere & Company by 15.5% during the 2nd quarter. Ballast Inc. now owns 4,311 shares of the industrial products company’s stock worth $2,735,000 after buying an additional 579 shares during the period. Abound Wealth Management grew its position in shares of Deere & Company by 1,100.0% in the 2nd quarter. Abound Wealth Management now owns 480 shares of the industrial products company’s stock valued at $305,000 after buying an additional 440 shares during the last quarter. Finally, Annex Advisory Services LLC grew its position in shares of Deere & Company by 11,031.7% in the 2nd quarter. Annex Advisory Services LLC now owns 58,219 shares of the industrial products company’s stock valued at $36,930,000 after buying an additional 57,696 shares during the last quarter. Institutional investors 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: DA Davidson reiterated a buy rating on Deere & Company and lifted its price target to $685, signaling continued analyst confidence in upside potential. Benzinga
• Neutral Sentiment: Deere was highlighted in broader agriculture and industrial stock roundups, keeping investor attention on the company as a key name in the farm equipment sector. Best Agriculture Stocks To Watch Now – July 14th
• Neutral Sentiment: Erste Group Bank slightly lowered its FY2027 EPS forecast for Deere, which is a minor cautionary note but not a major change to longer-term earnings expectations. MarketBeat report on Deere EPS estimate cut
• Negative Sentiment: Deere also remains tied to a broader industrial-sector backdrop that has lagged the market recently, which can weigh on sentiment toward cyclical names. 1 Industrials Stock to Target This Week and 2 We Find Risky

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.