Wolfe Research Forecasts Strong Price Appreciation for Deere & Company (NYSE:DE) Stock

Deere & Company (NYSE:DE) had its target price lifted by Wolfe Research from $550.00 to $660.00 in a research note issued to investors on Tuesday,MarketScreener reports. The firm presently has an “outperform” rating on the industrial products company’s stock. Wolfe Research’s price target would indicate a potential upside of 15.38% from the company’s current price.

Several other equities research analysts also recently weighed in on DE. Citigroup reduced their target price on shares of Deere & Company from $675.00 to $625.00 and set a “neutral” rating on the stock in a research note on Monday, March 9th. JPMorgan Chase & Co. cut their price target on shares of Deere & Company from $480.00 to $460.00 and set a “neutral” rating on the stock in a report on Friday, December 19th. UBS Group increased their price objective on shares of Deere & Company from $535.00 to $775.00 and gave the stock a “buy” rating in a research report on Friday, February 20th. Argus raised their price objective on shares of Deere & Company from $540.00 to $700.00 and gave the stock a “buy” rating in a research note on Tuesday, March 3rd. Finally, Oppenheimer reaffirmed an “outperform” rating and set a $715.00 target price on shares of Deere & Company in a research note on Friday, February 20th. Sixteen investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $655.70.

Deere & Company Price Performance

Shares of Deere & Company stock opened at $572.02 on Tuesday. The stock has a market cap of $154.51 billion, a price-to-earnings ratio of 32.24, a price-to-earnings-growth ratio of 1.97 and a beta of 0.98. The company has a debt-to-equity ratio of 1.59, a quick ratio of 1.96 and a current ratio of 2.21. The stock has a 50 day moving average price of $582.44 and a 200-day moving average price of $511.48. Deere & Company has a one year low of $404.42 and a one year high of $674.19.

Deere & Company (NYSE:DE) last released its quarterly earnings results on Thursday, February 19th. The industrial products company reported $2.42 earnings per share for the quarter, beating the consensus estimate of $1.90 by $0.52. The company had revenue of $9.61 billion for the quarter, compared to analyst estimates of $7.50 billion. Deere & Company had a return on equity of 18.93% and a net margin of 10.29%.Deere & Company’s quarterly revenue was up 17.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $3.19 EPS. Equities analysts expect that Deere & Company will post 19.32 EPS for the current year.

Insiders Place Their Bets

In other Deere & Company news, insider Cory J. Reed sold 12,000 shares of the firm’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 transaction, the insider owned 20,792 shares of the company’s stock, valued at approximately $10,603,920. This trade represents a 36.59% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO John C. May II sold 41,472 shares of the firm’s 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 transaction, the chief executive officer directly owned 117,970 shares in the company, valued at $59,160,775.30. This trade represents a 26.01% decrease in their position. The SEC filing for this sale provides additional information. 0.29% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Deere & Company

Hedge funds and other institutional investors have recently modified their holdings of the business. Brighton Jones LLC raised its position in shares of Deere & Company by 39.1% in the 4th quarter. Brighton Jones LLC now owns 4,548 shares of the industrial products company’s stock worth $1,927,000 after acquiring an additional 1,278 shares in the last quarter. Schnieders Capital Management LLC. grew its stake in Deere & Company by 7.8% in the second quarter. Schnieders Capital Management LLC. now owns 2,076 shares of the industrial products company’s stock valued at $1,056,000 after purchasing an additional 150 shares during the last quarter. Van Hulzen Asset Management LLC grew its stake in Deere & Company by 139.5% in the second quarter. Van Hulzen Asset Management LLC now owns 2,266 shares of the industrial products company’s stock valued at $1,152,000 after purchasing an additional 1,320 shares during the last quarter. Westerkirk Capital Inc. bought a new position in Deere & Company in the second quarter worth about $1,150,000. Finally, Arrowstreet Capital Limited Partnership purchased a new stake in shares of Deere & Company during the second quarter valued at about $53,126,000. 68.58% of the stock is currently owned by institutional investors.

Deere & Company News Roundup

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

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.