Zacks Research Lifts Earnings Estimates for Deere & Company

Deere & Company (NYSE:DE) – Zacks Research boosted their Q4 2026 earnings per share (EPS) estimates for Deere & Company in a note issued to investors on Tuesday, October 21st. Zacks Research analyst Team now forecasts that the industrial products company will post earnings of $4.78 per share for the quarter, up from their prior forecast of $4.77. Zacks Research has a “Strong Sell” rating on the stock. The consensus estimate for Deere & Company’s current full-year earnings is $19.32 per share.

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

A number of other brokerages have also commented on DE. Daiwa Capital Markets cut their price target on Deere & Company from $565.00 to $530.00 and set an “outperform” rating on the stock in a research note on Thursday, September 25th. Robert W. Baird cut their price target on Deere & Company from $488.00 to $467.00 and set a “neutral” rating on the stock in a research note on Monday, October 13th. DA Davidson cut their price objective on Deere & Company from $595.00 to $580.00 and set a “buy” rating on the stock in a research note on Monday, August 18th. Jefferies Financial Group cut their price objective on Deere & Company from $510.00 to $440.00 and set a “hold” rating on the stock in a research note on Wednesday, October 8th. Finally, Wolfe Research cut their price objective on Deere & Company from $550.00 to $520.00 and set an “outperform” rating on the stock in a research note on Friday, October 3rd. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $518.72.

Deere & Company Stock Performance

Deere & Company stock opened at $462.28 on Wednesday. Deere & Company has a 12-month low of $387.03 and a 12-month high of $533.78. The company has a quick ratio of 1.98, a current ratio of 2.19 and a debt-to-equity ratio of 1.76. The business’s 50-day moving average price is $470.40 and its two-hundred day moving average price is $487.74. The stock has a market cap of $124.97 billion, a PE ratio of 24.17, a P/E/G ratio of 2.96 and a beta of 1.02.

Institutional Investors Weigh In On Deere & Company

Several institutional investors have recently bought and sold shares of the stock. Southland Equity Partners LLC grew its holdings in Deere & Company by 3.9% during the second quarter. Southland Equity Partners LLC now owns 534 shares of the industrial products company’s stock worth $271,000 after buying an additional 20 shares in the last quarter. Vivid Wealth Management LLC grew its holdings in Deere & Company by 1.9% during the second quarter. Vivid Wealth Management LLC now owns 1,088 shares of the industrial products company’s stock worth $553,000 after buying an additional 20 shares in the last quarter. Werba Rubin Papier Wealth Management grew its holdings in Deere & Company by 3.0% during the second quarter. Werba Rubin Papier Wealth Management now owns 676 shares of the industrial products company’s stock worth $344,000 after buying an additional 20 shares in the last quarter. Prairie Wealth Advisors Inc. boosted its position in Deere & Company by 2.1% in the second quarter. Prairie Wealth Advisors Inc. now owns 964 shares of the industrial products company’s stock worth $492,000 after purchasing an additional 20 shares during the last quarter. Finally, Chicago Partners Investment Group LLC boosted its position in Deere & Company by 1.2% in the first quarter. Chicago Partners Investment Group LLC now owns 1,803 shares of the industrial products company’s stock worth $852,000 after purchasing an additional 21 shares during the last quarter. Institutional investors own 68.58% of the company’s stock.

Deere & Company Announces Dividend

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

About Deere & Company

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.