Deere & Company (NYSE:DE) Cut to Strong Sell at Zacks Research

Zacks Research downgraded shares of Deere & Company (NYSE:DE) from a hold rating to a strong sell rating in a research note issued to investors on Monday morning,Zacks.com reports. Zacks Research also issued estimates for Deere & Company’s Q4 2026 earnings at $4.78 EPS.

Several other research analysts also recently commented on DE. DA Davidson dropped their target price on shares of Deere & Company from $595.00 to $580.00 and set a “buy” rating on the stock in a report on Monday, August 18th. Evercore ISI set a $491.00 target price on shares of Deere & Company in a research report on Tuesday, August 19th. Jefferies Financial Group decreased their target price on shares of Deere & Company from $510.00 to $440.00 and set a “hold” rating on the stock in a research report on Wednesday, October 8th. Weiss Ratings restated a “hold (c+)” rating on shares of Deere & Company in a research report on Wednesday, October 8th. Finally, Wolfe Research reduced their price target on shares of Deere & Company from $550.00 to $520.00 and set an “outperform” rating on the stock in a research report on Friday, October 3rd. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Deere & Company has a consensus rating of “Moderate Buy” and an average target price of $518.72.

Deere & Company Stock Up 0.5%

Deere & Company stock opened at $462.28 on Monday. The company has a market capitalization of $124.97 billion, a P/E ratio of 24.17, a P/E/G ratio of 2.96 and a beta of 1.02. The firm’s fifty day simple moving average is $470.40 and its 200-day simple moving average is $487.74. The company has a current ratio of 2.19, a quick ratio of 1.98 and a debt-to-equity ratio of 1.76. Deere & Company has a 1-year low of $387.03 and a 1-year high of $533.78.

Deere & Company (NYSE:DE) last released its quarterly earnings results on Thursday, August 14th. The industrial products company reported $4.75 earnings per share for the quarter, beating analysts’ consensus estimates of $4.62 by $0.13. The business had revenue of $10.36 billion for the quarter, compared to the consensus estimate of $10.33 billion. Deere & Company had a net margin of 11.72% and a return on equity of 21.97%. Deere & Company’s revenue for the quarter was down 9.0% on a year-over-year basis. During the same quarter last year, the firm earned $6.29 EPS. Sell-side analysts forecast that Deere & Company will post 19.32 earnings per share for the current fiscal year.

Deere & Company Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, November 10th. Shareholders of record on Tuesday, September 30th will be paid a $1.62 dividend. This represents a $6.48 annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend is Tuesday, September 30th. Deere & Company’s dividend payout ratio is presently 33.87%.

Institutional Investors Weigh In On Deere & Company

Several large investors have recently bought and sold shares of DE. Mid American Wealth Advisory Group Inc. bought a new stake in shares of Deere & Company during the second quarter worth $25,000. Howard Hughes Medical Institute acquired a new position in Deere & Company during the second quarter worth $27,000. Activest Wealth Management boosted its holdings in Deere & Company by 2,750.0% during the first quarter. Activest Wealth Management now owns 57 shares of the industrial products company’s stock worth $27,000 after purchasing an additional 55 shares during the last quarter. Hughes Financial Services LLC acquired a new position in Deere & Company during the first quarter worth $29,000. Finally, Cornerstone Planning Group LLC boosted its holdings in Deere & Company by 116.1% during the first quarter. Cornerstone Planning Group LLC now owns 67 shares of the industrial products company’s stock worth $31,000 after purchasing an additional 36 shares during the last quarter. Institutional investors own 68.58% of the company’s stock.

Deere & Company Company Profile

Deere & Co engages in the manufacture and distribution of equipment used in agriculture, construction, forestry, and turf care. It operates through the following segments: Agriculture and Turf, Construction and Forestry, and Financial Services. The Agriculture and Turf segment focuses on the distribution and manufacture of a full line of agriculture and turf equipment and related service parts.