Deere & Company (NYSE:DE – Get Free Report) had its price objective upped by investment analysts at Barclays from $530.00 to $640.00 in a research note issued to investors on Tuesday, Marketbeat.com reports. The firm currently has an “overweight” rating on the industrial products company’s stock. Barclays‘s target price would suggest a potential upside of 11.88% from the company’s current price.
Several other equities analysts also recently weighed in on the company. Argus raised their target price on Deere & Company from $540.00 to $700.00 and gave the company a “buy” rating in a research report on Tuesday, March 3rd. Wolfe Research increased their price objective on Deere & Company from $520.00 to $550.00 and gave the company an “outperform” rating in a research note on Friday, January 2nd. Daiwa Securities Group decreased their price objective on Deere & Company from $530.00 to $520.00 and set an “outperform” rating on the stock in a report on Tuesday, December 2nd. Sanford C. Bernstein lifted their target price on shares of Deere & Company from $521.00 to $615.00 and gave the stock a “market perform” rating in a research note on Friday, February 20th. Finally, UBS Group upped their target price on shares of Deere & Company from $535.00 to $775.00 and gave the stock a “buy” rating in a report on Friday, February 20th. Sixteen analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $655.70.
Deere & Company Stock Up 1.5%
Deere & Company (NYSE:DE – Get Free Report) last posted its quarterly earnings data on Thursday, February 19th. The industrial products company reported $2.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.90 by $0.52. Deere & Company had a return on equity of 18.93% and a net margin of 10.29%.The company had revenue of $9.61 billion for the quarter, compared to analysts’ expectations of $7.50 billion. During the same period in the previous year, the firm posted $3.19 EPS. Deere & Company’s revenue was up 17.5% compared to the same quarter last year. Sell-side analysts expect that Deere & Company will post 19.32 earnings per share for the current fiscal year.
Insider Buying and Selling
In other Deere & Company news, insider Cory J. Reed sold 12,000 shares of the company’s stock in a transaction on Wednesday, January 14th. The stock was sold at an average price of $510.00, for a total value of $6,120,000.00. Following the completion of the sale, the insider directly owned 20,792 shares in the company, valued at $10,603,920. This represents a 36.59% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, 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 value of $20,797,793.28. Following the completion of the sale, the chief executive officer directly owned 117,970 shares of the company’s stock, valued at $59,160,775.30. This trade represents a 26.01% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.29% of the company’s stock.
Institutional Investors Weigh In On Deere & Company
A number of hedge funds have recently modified their holdings of the company. Norges Bank purchased a new position in shares of Deere & Company during the 4th quarter worth $1,715,633,000. Capital World Investors raised its holdings in Deere & Company by 53.9% in 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 buying an additional 3,358,264 shares during the period. Northwestern Mutual Wealth Management Co. lifted its position in Deere & Company by 1,725.8% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 2,003,715 shares of the industrial products company’s stock valued at $932,870,000 after buying an additional 1,893,972 shares during the last quarter. M&T Bank Corp lifted its position in Deere & Company by 1,199.8% in the fourth quarter. M&T Bank Corp now owns 1,864,701 shares of the industrial products company’s stock valued at $868,149,000 after buying an additional 1,721,239 shares during the last quarter. Finally, Marshall Wace LLP boosted its stake in Deere & Company by 573.9% during the second quarter. Marshall Wace LLP now owns 842,882 shares of the industrial products company’s stock worth $428,597,000 after buying an additional 717,808 shares during the period. Hedge funds and other institutional investors own 68.58% of the company’s stock.
Deere & Company News Summary
Here are the key news stories impacting Deere & Company this week:
- Positive Sentiment: Analyst upgrades — Wolfe Research raised its price target to $660 and kept an “outperform” rating; Barclays lifted its target to $640 and kept an “overweight” rating. These upgrades signal stronger earnings/valuation expectations and likely helped buying interest. Wolfe Research Adjusts PT Barclays Adjusts PT
- Positive Sentiment: Brand & marketing boost — Deere announced a multi-year partnership with Major League Baseball, raising brand visibility across U.S. communities and recreational/municipal channels that could support aftermarket/consumer demand. John Deere Partners with MLB
- Positive Sentiment: Tech investment — Deere opened a Central Texas facility to test new farming technology, underlining continued capex in precision/ag-tech that can drive higher-margin service/software revenue over time. Central Texas Facility
- Positive Sentiment: Industry recognition — Coverage highlights Deere’s role in precision farming and inclusion in investor screens (Russell 1000 attention), which supports longer-term demand narratives. Precision Farming Coverage
- Neutral Sentiment: Market commentary — Deere is a trending stock in retail/institutional scans and analysts debate valuation vs. cyclical outlook; some pieces argue the company is well-positioned but still cyclically sensitive. Zacks Trending Note
- Neutral Sentiment: Short-term price action — Coverage notes the stock rose but still slightly underperformed broader indices recently, reflecting mixed investor views on cyclical recovery timing. MarketWatch Coverage
- Negative Sentiment: Trade/tariff risk — U.S. lawmakers are targeting heavy machinery imported from Mexico; potential tariffs or political pressure on offshoring could raise costs or disrupt supply chains for manufacturers in the sector. Tariff Risk Article
- Negative Sentiment: Input-cost concerns — Analyst/commentary pieces warn that rising fertilizer and input prices could pressure farmer margins and equipment demand, a key downside risk for Deere’s sales cycle. Fertilizer Cost Risk
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.
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