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Axxcess Wealth Management LLC trimmed its stake in Deere & Company (NYSE:DE – Free Report) by 19.5% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 7,368 shares of the industrial products company’s stock after selling 1,790 shares during the quarter. Axxcess Wealth Management LLC’s holdings in Deere & Company were worth $4,948,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Baxter Bros Inc. bought a new position in Deere & Company in the 2nd quarter valued at $1,707,000. Global Retirement Partners LLC bought a new position in shares of Deere & Company during the 2nd quarter worth $3,890,000. Nykredit A S purchased a new stake in Deere & Company in the 2nd quarter worth about $44,378,000. TRB Wealth Management LLC bought a new stake in Deere & Company in the 2nd quarter valued at about $623,000. Finally, Pacific Sage Partners LLC bought a new stake in Deere & Company in the 2nd quarter valued at about $2,592,000. 68.58% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In A number of equities analysts have weighed in on the stock. CICC Research began coverage on shares of Deere & Company in a research report on Sunday, September 13th. They set an “outperform” rating for the company. Bank of America boosted their price target on shares of Deere & Company from $667.00 to $715.00 in a research report on Thursday, September 24th. Barclays boosted their price target on shares of Deere & Company from $640.00 to $675.00 and gave the company an “overweight” rating in a research report on Monday, August 24th. Robert W. Baird upgraded shares of Deere & Company from a “neutral” rating to an “outperform” rating and upped their price target for the company from $640.00 to $800.00 in a research note on Monday, August 31st. Finally, Raymond James Financial raised their price objective on shares of Deere & Company from $700.00 to $730.00 and gave the stock an “outperform” rating in a report on Monday, August 31st. Seventeen research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $688.10.

Read Our Latest Research Report on Deere & Company Deere & Company Stock Performance Deere & Company stock opened at $636.93 on Thursday. The firm’s 50 day simple moving average is $659.06 and its 200 day simple moving average is $613.53. The company has a current ratio of 2.10, a quick ratio of 1.89 and a debt-to-equity ratio of 1.45. The firm has a market capitalization of $171.73 billion, a PE ratio of 35.39, a price-to-earnings-growth ratio of 2.31 and a beta of 0.86. Deere & Company has a 1-year low of $454.50 and a 1-year high of $721.22.

Deere & Company (NYSE:DE – Get Free Report) last released its quarterly earnings results on Thursday, August 20th. The industrial products company reported $5.10 earnings per share for the quarter, topping the consensus estimate of $4.69 by $0.41. Deere & Company had a net margin of 10.16% and a return on equity of 18.10%. The firm had revenue of $12.61 billion for the quarter, compared to analysts’ expectations of $10.81 billion. During the same quarter in the prior year, the firm posted $4.75 earnings per share. The business’s quarterly revenue was up 6.2% on a year-over-year basis. As a group, analysts expect that Deere & Company will post 18.11 earnings per share for the current fiscal year.

Deere & Company Announces Dividend The business also recently announced a quarterly dividend, which will be paid on Monday, November 9th. Shareholders of record on Wednesday, September 30th will be given a dividend of $1.62 per share. The ex-dividend date is Wednesday, September 30th. This represents a $6.48 annualized dividend and a yield of 1.0%. Deere & Company’s payout ratio is presently 36.00%.

(Free Report)

Deere & Company, founded by blacksmith John Deere in 1837, is a global manufacturer of agricultural, construction, forestry and turf-care equipment. The company is headquartered in Moline, Illinois, and operates under the John Deere brand.

Its products include tractors, combines, planters, sprayers, harvesting equipment, loaders, excavators, motor graders, forestry machines, mowers and compact utility equipment. Deere also provides replacement parts, equipment support, financing and technology-enabled solutions designed to improve machine productivity, automation and precision in farming and other industries.

Deere serves customers through dealerships and operations across North America, Latin America, Europe and other international markets.

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Weybosset Research & Management LLC trimmed its position in shares of Deere & Company (NYSE:DE – Free Report) by 2.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 45,057 shares of the industrial products company’s stock after selling 984 shares during the period. Deere & Company comprises approximately 8.7% of Weybosset Research & Management LLC’s portfolio, making the stock its 2nd biggest holding. Weybosset Research & Management LLC’s holdings in Deere & Company were worth $30,258,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of DE. Baxter Bros Inc. bought a new stake in Deere & Company in the second quarter worth $1,707,000. Global Retirement Partners LLC bought a new position in shares of Deere & Company in the 2nd quarter valued at approximately $3,890,000. Nykredit A S acquired a new stake in Deere & Company in the 2nd quarter worth approximately $44,378,000. TRB Wealth Management LLC acquired a new stake in Deere & Company in the 2nd quarter worth approximately $623,000. Finally, Pacific Sage Partners LLC acquired a new position in Deere & Company during the second quarter valued at approximately $2,592,000. Hedge funds and other institutional investors own 68.58% of the company’s stock.

Deere & Company Trading Down 0.1% Shares of Deere & Company stock opened at $641.46 on Monday. Deere & Company has a 52-week low of $454.50 and a 52-week high of $721.22. The firm has a market capitalization of $172.95 billion, a PE ratio of 35.64, a price-to-earnings-growth ratio of 2.35 and a beta of 0.86. The company has a debt-to-equity ratio of 1.45, a current ratio of 2.10 and a quick ratio of 1.89. The company’s fifty day moving average price is $658.05 and its two-hundred day moving average price is $612.22.

Deere & Company (NYSE:DE – Get Free Report) last posted its earnings results on Thursday, August 20th. The industrial products company reported $5.10 earnings per share for the quarter, beating analysts’ consensus estimates of $4.69 by $0.41. The business had revenue of $12.61 billion for the quarter, compared to analysts’ expectations of $10.81 billion. Deere & Company had a net margin of 10.16% and a return on equity of 18.10%. The firm’s revenue for the quarter was up 6.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $4.75 earnings per share. On average, analysts expect that Deere & Company will post 18.11 EPS for the current year. Deere & Company Announces Dividend The business also recently declared a quarterly dividend, which will be paid on Monday, November 9th. Shareholders of record on Wednesday, September 30th will be given a $1.62 dividend. This represents a $6.48 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date is Wednesday, September 30th. Deere & Company’s dividend payout ratio is 36.00%.

Wall Street Analysts Forecast Growth Several research analysts recently commented on DE shares. Barclays lifted their target price on shares of Deere & Company from $640.00 to $675.00 and gave the stock an “overweight” rating in a report on Monday, August 24th. DA Davidson lifted their price objective on Deere & Company from $685.00 to $760.00 and gave the stock a “buy” rating in a research note on Monday, August 24th. Bank of America lifted their price objective on Deere & Company from $667.00 to $715.00 in a research note on Thursday, September 24th. Robert W. Baird raised Deere & Company from a “neutral” rating to an “outperform” rating and boosted their price objective for the stock from $640.00 to $800.00 in a research report on Monday, August 31st. Finally, Seaport Research Partners set a $570.00 price target on Deere & Company in a report on Friday, August 14th. Seventeen equities research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $688.10.

View Our Latest Report on Deere & Company

Deere & Company Profile (Free Report)

Deere & Company, founded by blacksmith John Deere in 1837, is a global manufacturer of agricultural, construction, forestry and turf-care equipment. The company is headquartered in Moline, Illinois, and operates under the John Deere brand.

Its products include tractors, combines, planters, sprayers, harvesting equipment, loaders, excavators, motor graders, forestry machines, mowers and compact utility equipment. Deere also provides replacement parts, equipment support, financing and technology-enabled solutions designed to improve machine productivity, automation and precision in farming and other industries.

Deere serves customers through dealerships and operations across North America, Latin America, Europe and other international markets.

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Annex Advisory Services LLC boosted its position in shares of Deere & Company (NYSE:DE – Free Report) by 1.5% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 59,109 shares of the industrial products company’s stock after buying an additional 890 shares during the period. Annex Advisory Services LLC’s holdings in Deere & Company were worth $39,694,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. BlackRock Inc. bought a new position in shares of Deere & Company in the 2nd quarter valued at about $11,763,504,000. Wellington Management Group LLP increased its stake in Deere & Company by 84.3% during the second quarter. Wellington Management Group LLP now owns 3,088,628 shares of the industrial products company’s stock worth $1,959,209,000 after acquiring an additional 1,412,694 shares during the last quarter. Bank of America Corp DE bought a new stake in Deere & Company during the second quarter worth approximately $1,685,093,000. Bank of New York Mellon Corp bought a new stake in shares of Deere & Company in the 2nd quarter valued at approximately $1,259,279,000. Finally, Legal & General Group Plc bought a new stake in shares of Deere & Company in the 2nd quarter valued at approximately $957,456,000. Hedge funds and other institutional investors own 68.58% of the company’s stock.

Deere & Company Price Performance Shares of DE stock opened at $641.46 on Friday. Deere & Company has a twelve month low of $454.50 and a twelve month high of $721.22. The company has a current ratio of 2.10, a quick ratio of 1.89 and a debt-to-equity ratio of 1.45. The stock has a fifty day simple moving average of $658.05 and a two-hundred day simple moving average of $611.83. The stock has a market capitalization of $172.95 billion, a price-to-earnings ratio of 36.15, a P/E/G ratio of 2.38 and a beta of 0.86.

Deere & Company (NYSE:DE – Get Free Report) last announced its quarterly earnings results on Thursday, August 20th. The industrial products company reported $5.10 EPS for the quarter, beating the consensus estimate of $4.69 by $0.41. Deere & Company had a return on equity of 18.10% and a net margin of 10.16%. The firm had revenue of $12.61 billion for the quarter, compared to analyst estimates of $10.81 billion. During the same quarter last year, the firm posted $4.75 earnings per share. The business’s revenue for the quarter was up 6.2% on a year-over-year basis. On average, analysts predict that Deere & Company will post 18.11 EPS for the current fiscal year. Deere & Company Announces Dividend The firm also recently declared a quarterly dividend, which will be paid on Monday, November 9th. Stockholders of record on Wednesday, September 30th will be issued a $1.62 dividend. The ex-dividend date is Wednesday, September 30th. This represents a $6.48 annualized dividend and a dividend yield of 1.0%. Deere & Company’s payout ratio is currently 36.00%.

Analysts Set New Price Targets Several equities analysts have recently weighed in on the company. JPMorgan Chase & Co. boosted their target price on Deere & Company from $585.00 to $625.00 and gave the company a “neutral” rating in a research report on Thursday, October 8th. Weiss Ratings upgraded shares of Deere & Company from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, September 21st. Wall Street Zen lowered shares of Deere & Company from a “hold” rating to a “sell” rating in a research report on Saturday, August 22nd. DA Davidson raised their price objective on shares of Deere & Company from $685.00 to $760.00 and gave the stock a “buy” rating in a research note on Monday, August 24th. Finally, Seaport Research Partners set a $570.00 target price on Deere & Company in a research report on Friday, August 14th. Seventeen analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $688.10.

View Our Latest Stock Analysis on DE

Deere & Company Profile (Free Report)

Deere & Company, commonly known as John Deere, is a global manufacturer of agricultural, construction, forestry and turf-care equipment. The company’s products include tractors, combines, planters, sprayers, harvesting equipment, earthmoving machinery, forestry equipment, commercial and residential lawn-care products, and related technology solutions.

Deere operates through businesses serving production and precision agriculture, small agriculture and turf, and construction and forestry markets.

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Deere (DE - Free Report) has recently been on Zacks.com's list of the most searched stocks. Therefore, you might want to consider some of the key factors that could influence the stock's performance in the near future.

Shares of this agricultural equipment manufacturer have returned -5% over the past month versus the Zacks S&P 500 composite's +2.1% change. The Zacks Manufacturing - Farm Equipment industry, to which Deere belongs, has lost 4.6% over this period. Now the key question is: Where could the stock be headed in the near term?

Although media reports or rumors about a significant change in a company's business prospects usually cause its stock to trend and lead to an immediate price change, there are always certain fundamental factors that ultimately drive the buy-and-hold decision.

Earnings Estimate RevisionsHere at Zacks, we prioritize appraising the change in the projection of a company's future earnings over anything else. That's because we believe the present value of its future stream of earnings is what determines the fair value for its stock.

Our analysis is essentially based on how sell-side analysts covering the stock are revising their earnings estimates to take the latest business trends into account. When earnings estimates for a company go up, the fair value for its stock goes up as well. And when a stock's fair value is higher than its current market price, investors tend to buy the stock, resulting in its price moving upward. Because of this, empirical studies indicate a strong correlation between trends in earnings estimate revisions and short-term stock price movements.

For the current quarter, Deere is expected to post earnings of $4.07 per share, indicating a change of +3.6% from the year-ago quarter. The Zacks Consensus Estimate has changed +0.8% over the last 30 days.

The consensus earnings estimate of $18.11 for the current fiscal year indicates a year-over-year change of -2.1%. This estimate has changed -0.1% over the last 30 days.

For the next fiscal year, the consensus earnings estimate of $23.24 indicates a change of +28.3% from what Deere is expected to report a year ago. Over the past month, the estimate has changed +1.1%.

With an impressive externally audited track record, our proprietary stock rating tool -- the Zacks Rank -- is a more conclusive indicator of a stock's near-term price performance, as it effectively harnesses the power of earnings estimate revisions. The size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, has resulted in a Zacks Rank #3 (Hold) for Deere.

The chart below shows the evolution of the company's forward 12-month consensus EPS estimate:

12 Month EPS

Revenue Growth ForecastWhile earnings growth is arguably the most superior indicator of a company's financial health, nothing happens as such if a business isn't able to grow its revenues. After all, it's nearly impossible for a company to increase its earnings for an extended period without increasing its revenues. So, it's important to know a company's potential revenue growth.

In the case of Deere, the consensus sales estimate of $10.3 billion for the current quarter points to a year-over-year change of -2.6%. The $41.35 billion and $45.59 billion estimates for the current and next fiscal years indicate changes of +6.3% and +10.3%, respectively.

Last Reported Results and Surprise HistoryDeere reported revenues of $11 billion in the last reported quarter, representing a year-over-year change of +6.2%. EPS of $5.1 for the same period compares with $4.75 a year ago.

Compared to the Zacks Consensus Estimate of $10.81 billion, the reported revenues represent a surprise of +1.77%. The EPS surprise was +6.47%.

Over the last four quarters, Deere surpassed consensus EPS estimates three times. The company topped consensus revenue estimates each time over this period.

ValuationNo investment decision can be efficient without considering a stock's valuation. Whether a stock's current price rightly reflects the intrinsic value of the underlying business and the company's growth prospects is an essential determinant of its future price performance.

Comparing the current value of a company's valuation multiples, such as its price-to-earnings (P/E), price-to-sales (P/S), and price-to-cash flow (P/CF), to its own historical values helps ascertain whether its stock is fairly valued, overvalued, or undervalued, whereas comparing the company relative to its peers on these parameters gives a good sense of how reasonable its stock price is.

The Zacks Value Style Score (part of the Zacks Style Scores system), which pays close attention to both traditional and unconventional valuation metrics to grade stocks from A to F (an A is better than a B; a B is better than a C; and so on), is pretty helpful in identifying whether a stock is overvalued, rightly valued, or temporarily undervalued.

Deere is graded D on this front, indicating that it is trading at a premium to its peers. Click here to see the values of some of the valuation metrics that have driven this grade.

ConclusionThe facts discussed here and much other information on Zacks.com might help determine whether or not it's worthwhile paying attention to the market buzz about Deere. However, its Zacks Rank #3 does suggest that it may perform in line with the broader market in the near term.

Caterpillar built a hefty valuation on its data center power business, but a single afternoon of trading is stripping that premium away while rivals like Deere move in the opposite direction. The split between these stocks hints at something bigger…

The premium the market paid for Caterpillar‘s (NYSE:CAT | CAT Price Prediction) data center power business is coming under pressure fast, while the rest of the heavy machinery group holds up better. Caterpillar stock is at $760.64, down 5% in afternoon trading, extending its 7% decline over the past month.

Meanwhile, Deere (NYSE:DE) stock is at $642.72, up 2%, moving opposite its larger rival. Checking in on another peer, PACCAR (NASDAQ:PCAR) stock is at $106.76, down 1%, a softer slide than the one in Caterpillar stock.

The Industrial Select Sector SPDR ETF (NYSEARCA:XLI) is down 1%, a modest dip for a fund that held Caterpillar as its largest disclosed position at 8.5% of net assets as of June 30. The SPDR S&P 500 ETF Trust (NYSEARCA:SPY), a broad-market benchmark, is down 0.1%. That steadier group points to a company-specific adjustment.

Data Center Power Premium Gets Repriced
Caterpillar sells construction and mining equipment alongside engines and generator sets, and that last business pulled it into the data center power buildout. Its Power and Energy segment is a meaningful supplier. It provides on-site electricity for data centers (we rounded up seven non-chipmaker beneficiaries of that same expansion in a free report), with sales rising 17% to $8.24 billion in Q2 2026. That growth story helped carry Caterpillar stock to a trailing P/E ratio of 34x.

Discussing artificial intelligence (AI) demand on the August 4 earnings call, Joe Creed, Caterpillar’s chairman and CEO at the time, stated that “no one is slowing down at the moment.” Orders back him up, with total backlog climbing to $72 billion at the end of the second quarter and some Power and Energy customers booking as far out as 2030. Sentiment can move faster than shipments, though.

Deere and PACCAR Tell a Different Story
Deere sells farm equipment while PACCAR builds commercial trucks, and neither sits in the AI infrastructure trade, though supporters of Deere see the ag cycle bottoming with construction demand strong while bears note higher rates raise financing costs for farmers. PACCAR bulls cite rising truck build rates on strong orders, while bears see freight demand as cyclical.

Both Caterpillar stock and Deere stock fell sharply last week as long-dated Treasury yields rose. Heavy equipment is bought on credit, so higher borrowing costs raise the effective price of a machine whatever the order book looks like, and that mechanism hits Deere at least as hard as Caterpillar, which makes the split between the two stocks a useful tell.

Optimists on Caterpillar argue that data center power orders are contracted years ahead and don’t adjust with sentiment. Management said in August that turbine lead times stretch into 2029, which supports that argument. Skeptics argue that premium can come out of Caterpillar shares far faster than the orders arrive.

Near-term expenses add pressure, with Caterpillar expecting about $600 million in Q3 2026 tariff costs and a full-year adjusted operating margin near the bottom of its target range once refunds of prior duties are excluded. Measured against its 52-week high of $1,071.47, Caterpillar stock has already given back a large part of that premium.

What to Watch Next
Caterpillar reports third-quarter results in early November, on a date the company hasn’t confirmed. Investors can watch whether Power and Energy sales keep climbing fast enough to defend the valuation on Caterpillar stock.

Any update on the restart of the company’s 10-megawatt gas engine platform, with first shipments planned for Q4 2026, could also shape how much premium Caterpillar shares retain. Until then, investors may want to size their positions with the data center power exposure in mind.

Contact [email protected] for any questions or corrections.

GAMMA Investing LLC increased its stake in shares of Deere & Company (NYSE:DE – Free Report) by 14.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 7,847 shares of the industrial products company’s stock after acquiring an additional 981 shares during the quarter. GAMMA Investing LLC’s holdings in Deere & Company were worth $5,270,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the stock. SHEPHERD WEALTH MANAGEMENT Ltd LIABILITY Co raised its stake in Deere & Company by 3.2% during the 2nd quarter. SHEPHERD WEALTH MANAGEMENT Ltd LIABILITY Co now owns 516 shares of the industrial products company’s stock worth $308,000 after buying an additional 16 shares during the period. Anchyra Partners LLC grew its stake in Deere & Company by 0.5% in the first quarter. Anchyra Partners LLC now owns 3,191 shares of the industrial products company’s stock valued at $1,797,000 after acquiring an additional 17 shares during the period. William B. Walkup & Associates Inc. increased its holdings in shares of Deere & Company by 0.6% during the first quarter. William B. Walkup & Associates Inc. now owns 2,908 shares of the industrial products company’s stock valued at $1,638,000 after acquiring an additional 17 shares in the last quarter. Concorde Asset Management LLC increased its holdings in shares of Deere & Company by 3.0% during the second quarter. Concorde Asset Management LLC now owns 581 shares of the industrial products company’s stock valued at $369,000 after acquiring an additional 17 shares in the last quarter. Finally, MCF Advisors LLC raised its position in shares of Deere & Company by 0.9% during the second quarter. MCF Advisors LLC now owns 1,999 shares of the industrial products company’s stock worth $1,271,000 after purchasing an additional 17 shares during the period. Institutional investors and hedge funds own 68.58% of the company’s stock.

Wall Street Analysts Forecast Growth A number of brokerages have commented on DE. Evercore upgraded shares of Deere & Company from an “in-line” rating to an “outperform” rating and set a $813.00 price target for the company in a research note on Wednesday, September 2nd. Citigroup boosted their target price on shares of Deere & Company from $610.00 to $650.00 and gave the stock a “neutral” rating in a research report on Friday, August 21st. UBS Group dropped their price target on shares of Deere & Company from $732.00 to $728.00 and set a “buy” rating on the stock in a research report on Friday, August 21st. Seaport Research Partners set a $570.00 price objective on Deere & Company in a research note on Friday, August 14th. Finally, Nomura raised Deere & Company to a “buy” rating in a research report on Monday, August 31st. Seventeen analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company’s stock. According to MarketBeat, Deere & Company presently has an average rating of “Moderate Buy” and an average price target of $688.10.

Check Out Our Latest Stock Report on Deere & Company Key Headlines Impacting Deere & Company Here are the key news stories impacting Deere & Company this week:

Positive Sentiment: Evercore ISI upgraded Deere to Outperform from In Line and set an $813 price target, implying substantial upside and reflecting confidence in the company’s long-term earnings and agricultural-equipment prospects. Evercore ISI Upgrades Deere & Company to Outperform Positive Sentiment: Deere announced a collaboration with Yamaha Motor on future side-by-side vehicles. The partnership could broaden Deere’s product offerings and support future growth, although financial details and timing were not disclosed. Yamaha Motor and Deere Announce Collaboration Neutral Sentiment: JPMorgan raised its price target to $625 from $585 but maintained a Neutral rating. The new target remains below Deere’s recent trading level, signaling that the bank sees limited near-term upside despite the valuation increase. JPMorgan Raises Deere Price Target Negative Sentiment: The FTC and USDA opened an inquiry into farm-equipment market practices, including potential barriers to purchasing, servicing and repairing equipment. Investors are concerned that increased scrutiny could lead to regulatory changes affecting Deere’s distribution, parts and service economics. Caterpillar and Deere Stock Fall as Regulatory Pressure Continues Negative Sentiment: Surging Treasury yields pressured capital-intensive equipment manufacturers. Higher financing costs can reduce customers’ ability or willingness to purchase large agricultural machines on credit, adding to the selling pressure on Deere and its peers. Industrials Sell Off as Treasury Yields Rise Deere & Company Price Performance DE opened at $652.54 on Friday. The firm has a market cap of $175.94 billion, a P/E ratio of 36.25, a PEG ratio of 2.40 and a beta of 0.86. The firm has a 50-day moving average of $654.41 and a 200 day moving average of $609.32. The company has a debt-to-equity ratio of 1.45, a quick ratio of 1.89 and a current ratio of 2.10. Deere & Company has a fifty-two week low of $433.00 and a fifty-two week high of $721.22.

Deere & Company (NYSE:DE – Get Free Report) last announced its quarterly earnings data on Thursday, August 20th. The industrial products company reported $5.10 EPS for the quarter, topping the consensus estimate of $4.69 by $0.41. The business had revenue of $12.61 billion for the quarter, compared to analyst estimates of $10.81 billion. Deere & Company had a net margin of 10.16% and a return on equity of 18.10%. The company’s revenue for the quarter was up 6.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $4.75 earnings per share. On average, research analysts expect that Deere & Company will post 18.12 EPS for the current year.

Deere & Company Announces Dividend The business also recently declared a quarterly dividend, which will be paid on Monday, November 9th. Investors of record on Wednesday, September 30th will be issued a $1.62 dividend. This represents a $6.48 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date of this dividend is Wednesday, September 30th. Deere & Company’s payout ratio is 36.00%.

(Free Report)

Deere & Company, commonly known as John Deere, is a global manufacturer of agricultural, construction, forestry and turf-care equipment. The company’s products include tractors, combines, planters, sprayers, harvesting equipment, earthmoving machinery, forestry equipment, commercial and residential lawn-care products, and related technology solutions.

Deere operates through businesses serving production and precision agriculture, small agriculture and turf, and construction and forestry markets.

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Central Pacific Bank Trust Division grew its stake in shares of Deere & Company (NYSE:DE – Free Report) by 19.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,024 shares of the industrial products company’s stock after buying an additional 1,122 shares during the period. Central Pacific Bank Trust Division’s holdings in Deere & Company were worth $4,717,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in DE. Horizons Wealth Management bought a new position in shares of Deere & Company in the 3rd quarter worth $71,000. Ferguson Wellman Capital Management Inc. raised its position in Deere & Company by 5.3% during the third quarter. Ferguson Wellman Capital Management Inc. now owns 7,439 shares of the industrial products company’s stock valued at $4,996,000 after purchasing an additional 375 shares in the last quarter. Heartwood Wealth Advisors LLC boosted its holdings in shares of Deere & Company by 7.3% in the 3rd quarter. Heartwood Wealth Advisors LLC now owns 763 shares of the industrial products company’s stock worth $512,000 after purchasing an additional 52 shares in the last quarter. Miller Global Investments LLC purchased a new position in shares of Deere & Company in the 3rd quarter worth about $52,000. Finally, Polaris Financial Partners bought a new position in Deere & Company during the third quarter valued at approximately $396,000. 68.58% of the stock is currently owned by hedge funds and other institutional investors.

Deere & Company Price Performance DE stock opened at $682.51 on Tuesday. The firm has a market capitalization of $184.02 billion, a price-to-earnings ratio of 37.92, a PEG ratio of 2.51 and a beta of 0.86. The firm has a 50 day moving average price of $651.60 and a 200-day moving average price of $607.24. Deere & Company has a 52-week low of $433.00 and a 52-week high of $721.22. The company has a debt-to-equity ratio of 1.45, a quick ratio of 1.89 and a current ratio of 2.10.

Deere & Company (NYSE:DE – Get Free Report) last posted its quarterly earnings results on Thursday, August 20th. The industrial products company reported $5.10 earnings per share for the quarter, topping the consensus estimate of $4.69 by $0.41. The firm had revenue of $12.61 billion during the quarter, compared to analysts’ expectations of $10.81 billion. Deere & Company had a return on equity of 18.10% and a net margin of 10.16%.The company’s revenue was up 6.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $4.75 earnings per share. Equities research analysts forecast that Deere & Company will post 18.12 EPS for the current fiscal year. Deere & Company Dividend Announcement The business also recently declared a quarterly dividend, which will be paid on Monday, November 9th. Shareholders of record on Wednesday, September 30th will be paid a $1.62 dividend. The ex-dividend date is Wednesday, September 30th. This represents a $6.48 annualized dividend and a yield of 0.9%. Deere & Company’s payout ratio is presently 36.00%.

Analyst Upgrades and Downgrades A number of equities research analysts have recently weighed in on the company. Wall Street Zen lowered Deere & Company from a “hold” rating to a “sell” rating in a research note on Saturday, August 22nd. Bank of America increased their price target on shares of Deere & Company from $667.00 to $715.00 in a research report on Thursday, September 24th. Truist Financial cut their price target on shares of Deere & Company from $812.00 to $804.00 and set a “buy” rating on the stock in a report on Monday, August 24th. Evercore upgraded shares of Deere & Company from an “in-line” rating to an “outperform” rating and set a $813.00 price objective on the stock in a research report on Wednesday, September 2nd. Finally, Barclays upped their price objective on shares of Deere & Company from $640.00 to $675.00 and gave the company an “overweight” rating in a research note on Monday, August 24th. Seventeen investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $686.10.

Check Out Our Latest Analysis on DE

Deere & Company Profile (Free Report)

Deere & Company, commonly known as John Deere, is a global manufacturer of agricultural, construction, forestry and turf-care equipment. The company’s products include tractors, combines, planters, sprayers, harvesting equipment, earthmoving machinery, forestry equipment, commercial and residential lawn-care products, and related technology solutions.

Deere operates through businesses serving production and precision agriculture, small agriculture and turf, and construction and forestry markets.

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Investors interested in Manufacturing - Farm Equipment stocks are likely familiar with Kubota Corp. (KUBTY) and Deere (DE). But which of these two stocks presents investors with the better value opportunity right now?

Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?

Before we discuss the reliability of brokerage recommendations and how to use them to your advantage, let's see what these Wall Street heavyweights think about Deere (DE - Free Report) .

Deere currently has an average brokerage recommendation (ABR) of 1.92, on a scale of 1 to 5 (Strong Buy to Strong Sell), calculated based on the actual recommendations (Buy, Hold, Sell, etc.) made by 24 brokerage firms. An ABR of 1.92 approximates between Strong Buy and Buy.

Of the 24 recommendations that derive the current ABR, 12 are Strong Buy and two are Buy. Strong Buy and Buy respectively account for 50% and 8.3% of all recommendations.

Brokerage Recommendation Trends for DE

Check price target & stock forecast for Deere here>>>

The ABR suggests buying Deere, but making an investment decision solely on the basis of this information might not be a good idea. According to several studies, brokerage recommendations have little to no success guiding investors to choose stocks with the most potential for price appreciation.

Are you wondering why? The vested interest of brokerage firms in a stock they cover often results in a strong positive bias of their analysts in rating it. Our research shows that for every "Strong Sell" recommendation, brokerage firms assign five "Strong Buy" recommendations.

In other words, their interests aren't always aligned with retail investors, rarely indicating where the price of a stock could actually be heading. Therefore, the best use of this information could be validating your own research or an indicator that has proven to be highly successful in predicting a stock's price movement.

Zacks Rank, our proprietary stock rating tool with an impressive externally audited track record, categorizes stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), and is an effective indicator of a stock's price performance in the near future. Therefore, using the ABR to validate the Zacks Rank could be an efficient way of making a profitable investment decision.

Zacks Rank Should Not Be Confused With ABRAlthough both Zacks Rank and ABR are displayed in a range of 1--5, they are different measures altogether.

Broker recommendations are the sole basis for calculating the ABR, which is typically displayed in decimals (such as 1.28). The Zacks Rank, on the other hand, is a quantitative model designed to harness the power of earnings estimate revisions. It is displayed in whole numbers -- 1 to 5.

Analysts employed by brokerage firms have been and continue to be overly optimistic with their recommendations. Since the ratings issued by these analysts are more favorable than their research would support because of the vested interest of their employers, they mislead investors far more often than they guide.

In contrast, the Zacks Rank is driven by earnings estimate revisions. And near-term stock price movements are strongly correlated with trends in earnings estimate revisions, according to empirical research.

Furthermore, the different grades of the Zacks Rank are applied proportionately across all stocks for which brokerage analysts provide earnings estimates for the current year. In other words, at all times, this tool maintains a balance among the five ranks it assigns.

Another key difference between the ABR and Zacks Rank is freshness. The ABR is not necessarily up-to-date when you look at it. But, since brokerage analysts keep revising their earnings estimates to account for a company's changing business trends, and their actions get reflected in the Zacks Rank quickly enough, it is always timely in indicating future price movements.

Is DE a Good Investment?In terms of earnings estimate revisions for Deere, the Zacks Consensus Estimate for the current year has remained unchanged over the past month at $18.12.

Analysts' steady views regarding the company's earnings prospects, as indicated by an unchanged consensus estimate, could be a legitimate reason for the stock to perform in line with the broader market in the near term.

The size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, has resulted in a Zacks Rank #3 (Hold) for Deere. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>

It may therefore be prudent to be a little cautious with the Buy-equivalent ABR for Deere.

Shares of Deere & Company (NYSE:DE – Get Free Report) reached a new 52-week high during mid-day trading on Wednesday. The company traded as high as $715.90 and last traded at $719.8070, with a volume of 101886 shares trading hands. The stock had previously closed at $703.12.

Analysts Set New Price Targets Several equities analysts have recently commented on DE shares. Raymond James Financial upped their price target on shares of Deere & Company from $700.00 to $730.00 and gave the stock an “outperform” rating in a research report on Monday, August 31st. JPMorgan Chase & Co. boosted their target price on shares of Deere & Company from $570.00 to $585.00 and gave the company a “neutral” rating in a research note on Friday, August 21st. CICC Research initiated coverage on shares of Deere & Company in a research report on Sunday, September 13th. They issued an “outperform” rating for the company. Wall Street Zen lowered shares of Deere & Company from a “hold” rating to a “sell” rating in a research note on Saturday, August 22nd. Finally, Nomura raised Deere & Company to a “buy” rating in a report on Monday, August 31st. Seventeen analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat.com, Deere & Company has an average rating of “Moderate Buy” and an average price target of $686.10.

Get Our Latest Analysis on DE

Deere & Company Price Performance The business has a fifty day moving average price of $641.10 and a 200 day moving average price of $602.52. The company has a debt-to-equity ratio of 1.45, a current ratio of 2.10 and a quick ratio of 1.89. The company has a market capitalization of $187.20 billion, a price-to-earnings ratio of 38.57, a price-to-earnings-growth ratio of 2.90 and a beta of 0.90. Deere & Company (NYSE:DE – Get Free Report) last posted its quarterly earnings data on Thursday, August 20th. The industrial products company reported $5.10 earnings per share for the quarter, topping the consensus estimate of $4.69 by $0.41. The business had revenue of $12.61 billion during the quarter, compared to the consensus estimate of $10.81 billion. Deere & Company had a net margin of 10.16% and a return on equity of 18.10%. The company’s quarterly revenue was up 6.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $4.75 earnings per share. On average, research analysts expect that Deere & Company will post 18.12 earnings per share for the current fiscal year.

Deere & Company Announces Dividend The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 9th. Stockholders of record on Wednesday, September 30th will be issued a $1.62 dividend. The ex-dividend date is Wednesday, September 30th. This represents a $6.48 annualized dividend and a dividend yield of 0.9%. Deere & Company’s dividend payout ratio (DPR) is 36.00%.

Institutional Investors Weigh In On Deere & Company Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Baxter Bros Inc. acquired a new stake in Deere & Company during the 2nd quarter worth about $1,707,000. Global Retirement Partners LLC acquired a new position in shares of Deere & Company in the 2nd quarter valued at about $3,890,000. Westpac Banking Corp lifted its position in shares of Deere & Company by 78.6% in the fourth quarter. Westpac Banking Corp now owns 6,925 shares of the industrial products company’s stock worth $3,224,000 after purchasing an additional 3,047 shares in the last quarter. TRB Wealth Management LLC purchased a new stake in shares of Deere & Company in the second quarter worth approximately $623,000. Finally, Nykredit A S acquired a new stake in shares of Deere & Company during the second quarter worth approximately $44,378,000. Institutional investors own 68.58% of the company’s stock.

About Deere & Company (Get Free Report)

Deere & Company, operating under the John Deere brand, is a global manufacturer of agricultural, construction, forestry and turf-care equipment. Its products include tractors, combines, harvesters, planters, sprayers, loaders, excavators, skid steers, forestry machines, commercial mowing equipment and compact utility tractors. The company also develops precision agriculture and construction technologies, including machine guidance, automation, data-management and connected-equipment solutions.

Founded by blacksmith John Deere in 1837, the company has grown from its original steel plow business into a diversified equipment and technology provider.

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Nykredit A S acquired a new position in shares of Deere & Company (NYSE:DE – Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 69,961 shares of the industrial products company’s stock, valued at approximately $44,378,000.

Other institutional investors also recently bought and sold shares of the company. Kinetic Wealth Investment Advisors LLC acquired a new position in shares of Deere & Company in the second quarter valued at approximately $220,000. Range Advisory LLC lifted its stake in Deere & Company by 27.1% in the second quarter. Range Advisory LLC now owns 624 shares of the industrial products company’s stock worth $396,000 after acquiring an additional 133 shares during the last quarter. Formuepleje A S acquired a new position in Deere & Company during the 2nd quarter worth approximately $2,747,000. SHEPHERD WEALTH MANAGEMENT Ltd LIABILITY Co increased its holdings in Deere & Company by 3.2% in the second quarter. SHEPHERD WEALTH MANAGEMENT Ltd LIABILITY Co now owns 516 shares of the industrial products company’s stock valued at $308,000 after buying an additional 16 shares during the last quarter. Finally, Wellington Grp LLC raised its stake in Deere & Company by 55.7% in the second quarter. Wellington Grp LLC now owns 1,526 shares of the industrial products company’s stock valued at $968,000 after buying an additional 546 shares in the last quarter. 68.58% of the stock is owned by hedge funds and other institutional investors.

Deere & Company Price Performance Shares of NYSE:DE opened at $683.33 on Friday. The firm has a market capitalization of $184.24 billion, a price-to-earnings ratio of 37.96, a price-to-earnings-growth ratio of 2.83 and a beta of 0.90. The company has a debt-to-equity ratio of 1.45, a current ratio of 2.10 and a quick ratio of 1.89. The business’s 50 day simple moving average is $632.42 and its 200-day simple moving average is $600.06. Deere & Company has a 12 month low of $433.00 and a 12 month high of $705.88.

Deere & Company (NYSE:DE – Get Free Report) last released its quarterly earnings data on Thursday, August 20th. The industrial products company reported $5.10 earnings per share for the quarter, beating the consensus estimate of $4.69 by $0.41. Deere & Company had a return on equity of 18.10% and a net margin of 10.16%.The firm had revenue of $12.61 billion during the quarter, compared to the consensus estimate of $10.81 billion. During the same period last year, the business posted $4.75 EPS. Deere & Company’s quarterly revenue was up 6.2% on a year-over-year basis. As a group, equities analysts forecast that Deere & Company will post 18.12 earnings per share for the current fiscal year. Deere & Company Announces Dividend The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 9th. Stockholders of record on Wednesday, September 30th will be issued a dividend of $1.62 per share. This represents a $6.48 annualized dividend and a dividend yield of 0.9%. The ex-dividend date is Wednesday, September 30th. Deere & Company’s dividend payout ratio is presently 36.00%.

Deere & Company News Summary Here are the key news stories impacting Deere & Company this week:

Positive Sentiment: Third-quarter earnings beat and dividend support sentiment. A report says Deere’s stock gained following better-than-expected Q3 2026 results and a dividend announcement, suggesting stronger-than-feared operating performance and continued shareholder returns. Deere & Co. stock gains on Q3 2026 earnings beat and dividend Positive Sentiment: Recent earnings momentum has improved investor confidence. Commentary highlights Deere’s reported $12.61 billion in revenue and earnings above analyst expectations, along with substantial share-price gains since the report. The results have led investors to reassess Deere’s growth prospects. Is Deere (DE) Undervalued As Its Earnings Beat Reframes The Valuation Debate? Neutral Sentiment: Increased attention could support trading interest but does not constitute a new catalyst. Zacks coverage discusses whether DE is a buy after attracting significant investor attention, while another analysis compares Deere with Kubota on value metrics. These reports may influence sentiment but do not appear to include a new company announcement. Is Trending Stock Deere & Company (DE) a Buy Now? KUBTY vs. DE: Which Stock Is the Better Value Option? Negative Sentiment: Weak farm-equipment demand remains an industry risk. A bearish report on rival AGCO points to a tougher operating environment and weaker equipment demand. Although not specific to Deere, the industry weakness could pressure future orders, earnings estimates and the premium valuation investors currently assign to DE. Bear of the Day: AGCO Analyst Upgrades and Downgrades A number of research analysts have recently commented on the company. JPMorgan Chase & Co. increased their price objective on Deere & Company from $570.00 to $585.00 and gave the company a “neutral” rating in a report on Friday, August 21st. Barclays raised their price objective on Deere & Company from $640.00 to $675.00 and gave the stock an “overweight” rating in a report on Monday, August 24th. Raymond James Financial lifted their target price on Deere & Company from $700.00 to $730.00 and gave the stock an “outperform” rating in a research report on Monday, August 31st. Truist Financial decreased their target price on Deere & Company from $812.00 to $804.00 and set a “buy” rating for the company in a research report on Monday, August 24th. Finally, Wall Street Zen downgraded Deere & Company from a “hold” rating to a “sell” rating in a research note on Saturday, August 22nd. Seventeen analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $680.73.

View Our Latest Stock Report on DE

Deere & Company Profile (Free Report)

Deere & Company, operating under the John Deere brand, is a global manufacturer of agricultural, construction, forestry and turf-care equipment. Its products include tractors, combines, harvesters, planters, sprayers, loaders, excavators, skid steers, forestry machines, commercial mowing equipment and compact utility tractors. The company also develops precision agriculture and construction technologies, including machine guidance, automation, data-management and connected-equipment solutions.

Founded by blacksmith John Deere in 1837, the company has grown from its original steel plow business into a diversified equipment and technology provider.

Further Reading Five stocks we like better than Deere & Company J.B. Hunt’s Stock Plunges After Market Misprices Profit Warning 2 Stocks Breaking Out Post-FOMC With One Thing in Common Lennar’s Q3 Miss Hides a Stronger Operating Story Beneath the Housing Slump These 3 Stocks Are Drawing Insider Buyers for Very Different Reasons Want to see what other hedge funds are holding DE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Deere & Company (NYSE:DE – Free Report).

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Deere (DE - Free Report) has recently been on Zacks.com's list of the most searched stocks. Therefore, you might want to consider some of the key factors that could influence the stock's performance in the near future.

Over the past month, shares of this agricultural equipment manufacturer have returned +10.4%, compared to the Zacks S&P 500 composite's -1.3% change. During this period, the Zacks Manufacturing - Farm Equipment industry, which Deere falls in, has gained 15.6%. The key question now is: What could be the stock's future direction?

While media releases or rumors about a substantial change in a company's business prospects usually make its stock 'trending' and lead to an immediate price change, there are always some fundamental facts that eventually dominate the buy-and-hold decision-making.

Revisions to Earnings EstimatesHere at Zacks, we prioritize appraising the change in the projection of a company's future earnings over anything else. That's because we believe the present value of its future stream of earnings is what determines the fair value for its stock.

We essentially look at how sell-side analysts covering the stock are revising their earnings estimates to reflect the impact of the latest business trends. And if earnings estimates go up for a company, the fair value for its stock goes up. A higher fair value than the current market price drives investors' interest in buying the stock, leading to its price moving higher. This is why empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.

Deere is expected to post earnings of $4.04 per share for the current quarter, representing a year-over-year change of +2.8%. Over the last 30 days, the Zacks Consensus Estimate has changed -9.9%.

For the current fiscal year, the consensus earnings estimate of $18.12 points to a change of -2.1% from the prior year. Over the last 30 days, this estimate has changed -0.7%.

For the next fiscal year, the consensus earnings estimate of $22.99 indicates a change of +26.9% from what Deere is expected to report a year ago. Over the past month, the estimate has changed +2.9%.

With an impressive externally audited track record, our proprietary stock rating tool -- the Zacks Rank -- is a more conclusive indicator of a stock's near-term price performance, as it effectively harnesses the power of earnings estimate revisions. The size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, has resulted in a Zacks Rank #3 (Hold) for Deere.

The chart below shows the evolution of the company's forward 12-month consensus EPS estimate:

12 Month EPS

Projected Revenue GrowthWhile earnings growth is arguably the most superior indicator of a company's financial health, nothing happens as such if a business isn't able to grow its revenues. After all, it's nearly impossible for a company to increase its earnings for an extended period without increasing its revenues. So, it's important to know a company's potential revenue growth.

For Deere, the consensus sales estimate for the current quarter of $10.3 billion indicates a year-over-year change of -2.6%. For the current and next fiscal years, $41.35 billion and $45.39 billion estimates indicate +6.3% and +9.8% changes, respectively.

Last Reported Results and Surprise HistoryDeere reported revenues of $11 billion in the last reported quarter, representing a year-over-year change of +6.2%. EPS of $5.1 for the same period compares with $4.75 a year ago.

Compared to the Zacks Consensus Estimate of $10.81 billion, the reported revenues represent a surprise of +1.77%. The EPS surprise was +6.47%.

Over the last four quarters, Deere surpassed consensus EPS estimates three times. The company topped consensus revenue estimates each time over this period.

ValuationNo investment decision can be efficient without considering a stock's valuation. Whether a stock's current price rightly reflects the intrinsic value of the underlying business and the company's growth prospects is an essential determinant of its future price performance.

Comparing the current value of a company's valuation multiples, such as its price-to-earnings (P/E), price-to-sales (P/S), and price-to-cash flow (P/CF), to its own historical values helps ascertain whether its stock is fairly valued, overvalued, or undervalued, whereas comparing the company relative to its peers on these parameters gives a good sense of how reasonable its stock price is.

The Zacks Value Style Score (part of the Zacks Style Scores system), which pays close attention to both traditional and unconventional valuation metrics to grade stocks from A to F (an A is better than a B; a B is better than a C; and so on), is pretty helpful in identifying whether a stock is overvalued, rightly valued, or temporarily undervalued.

Deere is graded F on this front, indicating that it is trading at a premium to its peers. Click here to see the values of some of the valuation metrics that have driven this grade.

Bottom LineThe facts discussed here and much other information on Zacks.com might help determine whether or not it's worthwhile paying attention to the market buzz about Deere. However, its Zacks Rank #3 does suggest that it may perform in line with the broader market in the near term.

Two AI executives published essays over a weekend, and by Monday morning Caterpillar was selling off four times faster than the broader market while Deere climbed. The question is whether the order book that stretches into 2029 actually matters when…

Shares of Caterpillar (NYSE:CAT | CAT Price Prediction) are down 4% to $783.15 in Monday trading, leading industrial names lower. The slide caps a rough stretch, with Caterpillar stock down 8% over the past month even as it holds a 38% gain year to date.

Deere & Company (NYSE:DE) stock is going the other way, up 1% to $684.25, and Paccar (NASDAQ:PCAR) stock is little changed at $121.99, off 0.6%. The split matters because Caterpillar is the only one of the three with a large power generation business tied to artificial intelligence (AI) data center construction.

The sector picture reinforces that read. The Industrial Select Sector SPDR ETF (NYSEARCA:XLI) is down 2%, and the SPDR S&P 500 ETF Trust (NYSEARCA:SPY) is off by 0.4%. Caterpillar is sliding faster than the industrial fund, which itself is down by more than the broad market, so Caterpillar stock is the weight rather than a passenger.

AI Warnings Shake the Data Center Trade No company-specific announcement from Caterpillar sits behind Monday’s decline. The backdrop is a weekend policy exchange in which Anthropic CEO Dario Amodei called on frontier AI companies to slow the pace at which they improve model capabilities, and OpenAI CEO Sam Altman said he agreed. That’s pushed selling across names whose valuations rest on AI infrastructure buildout continuing at its current pace.

Caterpillar’s power generation segment supplies large reciprocating engines and turbines into data center construction, and power generation sales to users grew 72% in Q2 2026 on that demand. On the August earnings call, Caterpillar CEO Joe Creed said “we haven’t seen any customers back off of demand,” and the company’s backlog reached $72 billion at quarter-end. The mechanism for Monday’s move looks like a momentum unwind in the AI-linked portion of the Caterpillar story rather than a change in the underlying order book.

Deere Rises While Caterpillar Falls Deere sells agricultural and construction equipment and carries no meaningful data center exposure. Deere stock is up 48% year to date, ahead of Caterpillar, after fiscal Q3 2026 delivered GAAP EPS of $5.10 and a full-year net income guidance raise to $4.75 billion to $5 billion.

Paccar builds heavy-duty trucks under Kenworth, Peterbilt and DAF, has no AI-linked business, and Paccar stock is close to unchanged Monday. Caterpillar is the only one of the three with a power generation segment tied to data center demand, and it’s the only one falling sharply, which is consistent with an unwind reading without proving it.

Separately and over a different timeframe, the industrial fund is up 10% year to date, well behind both Caterpillar and Deere. That gap is the measure of how narrow this year’s industrial leadership has been, and Caterpillar sits at the center of it (we profiled seven of the power, cooling, and networking suppliers riding the same data center buildout in a free report on AI infrastructure names that aren’t chipmakers).

What to Watch Investors can watch for whether Caterpillar’s backlog commentary at the next quarterly update reaffirms the delivery cadence Creed described on the August call, when he said “we’re starting to take orders into 29 and 30 already.” An order book stretching into 2029 and 2030 doesn’t evaporate because two executives published essays over a weekend.

The bear case for Caterpillar is that a large part of this year’s re-rating in the stock assumed data center power demand extending indefinitely, and that’s precisely the assumption the weekend warnings called into question. Given how quickly the AI narrative has shifted, sizing your exposure to Caterpillar around a durable backlog rather than a straight-line power buildout may prove the sturdier posture into year-end.

Contact [email protected] for any questions or corrections.

Shares of Deere & Company (NYSE:DE | DE Price Prediction) and Caterpillar (NYSE:CAT) sit near the top of the industrial leaderboard this year, and both are adding to the gain again in Friday midday trading.

California State Teachers Retirement System increased its stake in Deere & Company (NYSE:DE – Free Report) by 60,460.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 234,586,018 shares of the industrial products company’s stock after buying an additional 234,198,659 shares during the period. California State Teachers Retirement System owned 86.90% of Deere & Company worth $148,804,949,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of DE. Mowery & Schoenfeld Wealth Management LLC bought a new position in Deere & Company in the second quarter worth $27,000. Timmons Wealth Management LLC bought a new stake in shares of Deere & Company during the 4th quarter valued at $29,000. Kilter Group LLC bought a new stake in shares of Deere & Company during the 2nd quarter valued at $29,000. Solstein Capital LLC bought a new stake in shares of Deere & Company during the 2nd quarter valued at $30,000. Finally, Wealth Watch Advisors INC purchased a new stake in shares of Deere & Company in the 3rd quarter worth about $32,000. 68.58% of the stock is currently owned by hedge funds and other institutional investors.

Deere & Company Stock Performance Shares of DE opened at $692.68 on Monday. The company has a market cap of $186.76 billion, a price-to-earnings ratio of 38.48, a P/E/G ratio of 2.86 and a beta of 0.90. The business’s fifty day simple moving average is $619.13 and its two-hundred day simple moving average is $596.25. Deere & Company has a 12 month low of $433.00 and a 12 month high of $705.88. The company has a current ratio of 2.10, a quick ratio of 1.89 and a debt-to-equity ratio of 1.45.

Deere & Company (NYSE:DE – Get Free Report) last posted its quarterly earnings results on Thursday, August 20th. The industrial products company reported $5.10 earnings per share for the quarter, topping the consensus estimate of $4.69 by $0.41. The firm had revenue of $12.61 billion during the quarter, compared to analysts’ expectations of $10.81 billion. Deere & Company had a return on equity of 18.10% and a net margin of 10.16%.The company’s revenue was up 6.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $4.75 earnings per share. Research analysts anticipate that Deere & Company will post 18.12 earnings per share for the current fiscal year. Deere & Company Dividend Announcement The firm also recently announced a quarterly dividend, which will be paid on Monday, November 9th. Shareholders of record on Wednesday, September 30th will be given a $1.62 dividend. The ex-dividend date of this dividend is Wednesday, September 30th. This represents a $6.48 dividend on an annualized basis and a yield of 0.9%. Deere & Company’s payout ratio is 36.00%.

Wall Street Analyst Weigh In Several research analysts recently issued reports on DE shares. Weiss Ratings lowered shares of Deere & Company from a “hold (c+)” rating to a “hold (c)” rating in a research note on Wednesday. Robert W. Baird raised shares of Deere & Company from a “neutral” rating to an “outperform” rating and boosted their price objective for the stock from $640.00 to $800.00 in a research note on Monday, August 31st. Truist Financial cut their price objective on shares of Deere & Company from $812.00 to $804.00 and set a “buy” rating on the stock in a report on Monday, August 24th. Seaport Research Partners set a $570.00 target price on shares of Deere & Company in a report on Friday, August 14th. Finally, Nomura raised Deere & Company to a “buy” rating in a research report on Monday, August 31st. Sixteen research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $680.73.

Read Our Latest Stock Report on Deere & Company

(Free Report)

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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Deere & Co. (DE -0.13%) stock had a strong week, hitting a record high above $700 per share. Shares have jumped 10% since last Friday's close, according to data provided by S&P Global Market Intelligence.

After a strong fiscal third-quarter report on Aug. 20, Deere boosted the low end of its full-year net income guidance by $250 million. One analyst thinks that signals the start of a recovery cycle in agricultural equipment sales, and thinks Deere stock is still a buy near its record high.

Image source: Getty Images.

Investors noticed when Deere CEO John May helped make the case for agriculture and construction stocks, stating, "As we look ahead, we continue to believe 2026 will mark the bottom of the current ag equipment cycle."

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That would be welcome as companies like Deere & Co. navigate a dynamic tariff and tariff refund environment. Tariff rates have changed, and refunds have been distributed in some cases, making it difficult to set pricing and plan capital spending. But Deere is confident, citing its diversified product groups, advanced technology offerings, and what May called "stable U.S. market conditions."

Baird analyst Mircea Dobre thinks that makes it a good time to buy Deere, even as it hit a record high this week. Dobre anticipates that the impending recovery cycle in the agricultural equipment sector will boost Deere stock to $800 per share.

That represents a possible 15% upside from where Deere shares ended the week.

Howard Smith has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Deere & Company. The Motley Fool has a disclosure policy.

Investors looking for stocks in the Manufacturing - Farm Equipment sector might want to consider either Kubota Corp. (KUBTY - Free Report) or Deere (DE - Free Report) . But which of these two stocks offers value investors a better bang for their buck right now? We'll need to take a closer look.

The best way to find great value stocks is to pair a strong Zacks Rank with an impressive grade in the Value category of our Style Scores system. The Zacks Rank is a proven strategy that targets companies with positive earnings estimate revision trends, while our Style Scores work to grade companies based on specific traits.

Kubota Corp. and Deere are sporting Zacks Ranks of #2 (Buy) and #3 (Hold), respectively, right now. This means that KUBTY's earnings estimate revision activity has been more impressive, so investors should feel comfortable with its improving analyst outlook. But this is only part of the picture for value investors.

Value investors also try to analyze a wide range of traditional figures and metrics to help determine whether a company is undervalued at its current share price levels.

Our Value category highlights undervalued companies by looking at a variety of key metrics, including the popular P/E ratio, as well as the P/S ratio, earnings yield, cash flow per share, and a variety of other fundamentals that have been used by value investors for years.

KUBTY currently has a forward P/E ratio of 12.03, while DE has a forward P/E of 37.31. We also note that KUBTY has a PEG ratio of 1.20. This popular figure is similar to the widely-used P/E ratio, but the PEG ratio also considers a company's expected EPS growth rate. DE currently has a PEG ratio of 2.79.

Another notable valuation metric for KUBTY is its P/B ratio of 1.12. Investors use the P/B ratio to look at a stock's market value versus its book value, which is defined as total assets minus total liabilities. By comparison, DE has a P/B of 6.51.

These are just a few of the metrics contributing to KUBTY's Value grade of A and DE's Value grade of F.

KUBTY stands above DE thanks to its solid earnings outlook, and based on these valuation figures, we also feel that KUBTY is the superior value option right now.

Shares of Deere (DE +3.90%) rose on Monday after an analyst report drove investors to price in the rising probability of a near-term recovery in the U.S. farming market.

Image source: Getty Images.

The ag sector is poised for a rebound A brutal combination of higher fuel costs and lower crop prices has weighed on the U.S. agriculture industry's profits in recent years. Yet farmers could soon get some relief.

Baird analyst Mircea Dobre believes rising corn and soy prices will help to drive an upturn in farming profits in North America, boosting demand for large agricultural equipment in the coming year.

And that, my friends, would mean more sales for Deere.

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Deere stands to profit handsomely from a farming recovery Dobre estimates that Deere's earnings per share will grow to roughly $25 in 2027 and well over $30 in 2028 as these trends take hold. The agricultural machinery and heavy construction equipment maker generated $18.50 in per-share profits in fiscal year 2025.

Due in part to this expected surge in profitability, Dobre placed an outperform rating on Deere's stock and lifted his share price forecast from $640 to $800.

This new price target represents potential gains of more than 22% for investors who buy shares now.

Joe Tenebruso has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Deere & Company. The Motley Fool has a disclosure policy.

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades, downgrades and initiations, please see our analyst ratings page.

Baird analyst Mircea Dobre upgraded Deere & Company (NYSE:DE) from Neutral to Outperform and raised the price target from $640 to $800. Deere closed at $630.33 on Friday. See how other analysts view this stock. Itau BBA analyst Pedro Leduc upgraded XP Inc. (NASDAQ:XP) from Market Perform to Outperform and announced a $22 price target. XP shares closed at $17.66 on Friday. See how other analysts view this stock. Baird analyst Mircea Dobre upgraded AGCO Corporation (NYSE:AGCO) from Neutral to Outperform and boosted the price target from $120 to $150. AGCO closed at $113.39 on Friday. See how other analysts view this stock. Argus Research analyst Christine Dooley upgraded Abercrombie & Fitch Co. (NYSE:ANF) from Hold to Buy and announced a $162 price target. Abercrombie & Fitch shares closed at $148.42 on Friday. See how other analysts view this stock. UBS analyst Alex Stansbury upgraded Kaiser Aluminum Corporation (NASDAQ:KALU) from Neutral to Buy and raised the price target from $179 to $184. Kaiser Aluminum closed at $156.38 on Friday. See how other analysts view this stock. Considering buying DE stock? Here’s what analysts think:

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Ancora Advisors LLC purchased a new position in Deere & Company (NYSE:DE – Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 1,811 shares of the industrial products company’s stock, valued at approximately $1,149,000.

A number of other institutional investors have also recently bought and sold shares of the stock. BlackRock Inc. acquired a new stake in Deere & Company during the 2nd quarter valued at $11,763,504,000. Norges Bank acquired a new position in Deere & Company during the fourth quarter valued at $1,715,633,000. Capital World Investors lifted its stake 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 worth $4,465,906,000 after acquiring an additional 3,358,264 shares in the last quarter. Bank of New York Mellon Corp purchased a new stake in Deere & Company in the 2nd quarter worth about $1,259,279,000. Finally, Northwestern Mutual Wealth Management Co. boosted its position in Deere & Company by 1,725.8% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 2,003,715 shares of the industrial products company’s stock worth $932,870,000 after acquiring an additional 1,893,972 shares during the period. Hedge funds and other institutional investors own 68.58% of the company’s stock.

Deere & Company Trading Down 1.9% Shares of NYSE DE opened at $622.67 on Friday. The business has a 50 day simple moving average of $610.78 and a 200 day simple moving average of $593.08. Deere & Company has a 52 week low of $433.00 and a 52 week high of $674.19. The stock has a market cap of $168.08 billion, a price-to-earnings ratio of 34.59, a PEG ratio of 2.62 and a beta of 0.90. The company has a debt-to-equity ratio of 1.45, a quick ratio of 1.89 and a current ratio of 2.10.

Deere & Company (NYSE:DE – Get Free Report) last posted its earnings results on Thursday, August 20th. The industrial products company reported $5.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.69 by $0.41. The firm had revenue of $12.61 billion during the quarter, compared to analysts’ expectations of $10.81 billion. Deere & Company had a net margin of 10.16% and a return on equity of 18.10%. The company’s revenue was up 6.2% compared to the same quarter last year. During the same period in the previous year, the company earned $4.75 earnings per share. On average, research analysts predict that Deere & Company will post 18.09 earnings per share for the current fiscal year. Deere & Company Dividend Announcement The firm also recently declared a quarterly dividend, which will be paid on Monday, November 9th. Stockholders of record on Wednesday, September 30th will be issued a dividend of $1.62 per share. The ex-dividend date is Wednesday, September 30th. This represents a $6.48 dividend on an annualized basis and a dividend yield of 1.0%. Deere & Company’s dividend payout ratio (DPR) is currently 36.00%.

Wall Street Analyst Weigh In DE has been the topic of several research analyst reports. Robert W. Baird lifted their target price on Deere & Company from $525.00 to $640.00 and gave the company a “neutral” rating in a research note on Friday, August 21st. Seaport Research Partners set a $570.00 price target on shares of Deere & Company in a report on Friday, August 14th. UBS Group lowered their price objective on shares of Deere & Company from $732.00 to $728.00 and set a “buy” rating on the stock in a research report on Friday, August 21st. Bank of America dropped their price objective on shares of Deere & Company from $672.00 to $607.50 and set a “neutral” rating on the stock in a research note on Friday, May 22nd. Finally, JPMorgan Chase & Co. increased their target price on shares of Deere & Company from $570.00 to $585.00 and gave the stock a “neutral” rating in a research report on Friday, August 21st. Fourteen equities research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. Based on data from MarketBeat, Deere & Company has an average rating of “Moderate Buy” and an average price target of $653.48.

View Our Latest Analysis on DE

Deere & Company News Summary Here are the key news stories impacting Deere & Company this week:

Positive Sentiment: Better-than-expected earnings and execution: Deere reported fiscal third-quarter earnings per share of $5.10, above the $4.69 analyst consensus, while revenue reached $12.61 billion versus expectations of $10.81 billion. Net income increased 7% year over year to $1.379 billion. Management cited strong factory output, disciplined cost control, favorable price realization, and steady construction and turf demand. Deere’s Q2 Earnings Call: Our Top 5 Analyst Questions Positive Sentiment: Construction and AI opportunities support diversification: Coverage highlighted growth in less traditional areas, including construction, where demand is benefiting from technology and infrastructure investment. Deere also entered a $10 million, three-year R&D partnership with Reservoir to accelerate rugged artificial-intelligence applications for high-value crop agriculture. Deere quarterly profits and construction growth Reservoir AI partnership with John Deere Positive Sentiment: Analyst support and shareholder return: DA Davidson raised its price target to $760, while RBC reaffirmed an “Outperform” rating. Deere also declared a quarterly dividend of $1.62 per share, payable November 9 to shareholders of record September 30. DA Davidson raises Deere price target RBC reaffirms Deere Outperform rating Deere quarterly dividend announcement Neutral Sentiment: Mixed segment picture: The earnings commentary suggests Deere’s diversified businesses, particularly construction and turf, are offsetting softer conditions in its largest agriculture-related division. Investors may therefore remain focused on the durability of farm-equipment demand and the company’s outlook. Negative Sentiment: Valuation leaves less room for disappointment: With the shares trading at roughly 35 times earnings, investors may be taking profits or showing caution despite the earnings beat, particularly if agricultural weakness persists or growth in newer businesses takes longer to scale. (Free Report)

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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Key Takeaways Deere's Construction and Forestry sales rose 18% y/y, driven by higher shipment volumes and favorable pricing.Construction and Forestry sales are expected to rise 20% in FY26.Infrastructure, data centers and energy projects are supporting construction equipment demand. Deere & Company (DE - Free Report) raised the lower end of its fiscal 2026 net income forecast to $4.75-$5 billion from the earlier $4.5-$5 billion. The updated guidance reflects strong results delivered in the third quarter of fiscal 2026.

Net sales from Deere’s equipment operations were $11 billion in third-quarter fiscal 2026, up 6.2% from the year-ago quarter’s $10.36 billion. This reflects strength in Small Agriculture and Turf and Construction and Forestry despite weakness in Production and Precision Agriculture. Construction and Forestry net sales were $3.62 billion, up 18% year over year, primarily on higher shipment volumes and favorable price realization. Operating profit surged 84% year over year to $436 million, aided mainly by favorable price realization, partially offset by higher selling, administrative, general and R&D costs.

Deere is gaining from strong growth in both its precision construction technologies and construction portfolio. The company expects the Construction and Forestry segment to be an increasingly important contributor to Deere's long-term growth strategy, driven by solid end market demand, healthy customer backlogs and the rising adoption of Deere’s technology solution.

Deere expects Construction and Forestry sales to increase 20% in fiscal 2026. The segment’s operating earnings are expected to be 10.5-11.5%, marking an increase of 9% from that reported in fiscal 2025.

The company expects industry sales for earthmoving equipment in the U.S. and Canada construction equipment to increase 5-10% in fiscal 2026, and compact construction equipment to increase 5%. The upside will be driven by solid demand from large-scale infrastructure, data center and energy-related projects. Even though global forestry sales are expected to be down 10% in the year, it will be offset by a 10% rise in global roadbuilding market sales.

The company continues to view 2026 as the bottom of the current agriculture equipment cycle. Early order program trends, improving used-equipment inventories and increased customer adoption of advanced technologies underpin its confidence in the company's longer-term positioning.

Recent Performance & Outlook of Deere’s PeersAGCO Corp.’s (AGCO - Free Report) net sales declined 1% year over year to $2.61 billion in the second quarter of 2026. Adjusted operating income fell 21.1% to $172 million. AGCO Corp’s adjusted operating margin declined 170 basis points to 6.6% due to weaker sales and factory absorption in Latin America, along with tariff-related costs.

AGCO Corp expects adjusted earnings of $5.50-$5.75 per share compared with the prior stated $6.00. It anticipates 2026 net sales between $10.1 billion and $10.2 billion, while the adjusted operating margin is expected to be 7.5%.

Lindsay Corporation’s (LNN - Free Report) sales were $160.8 million, down 5% year over year in the third quarter of 2026. Irrigation softness outweighed infrastructure growth. The quarter reflected persistent demand challenges in North America and Brazil.

Lindsay expects the irrigation market conditions in the United States to remain soft as growers await greater trade certainty and an improvement in commodity prices. Brazil is expected to return to growth, supported by secular demand for irrigation investments. Lindsay also expects to recognize $70 million in revenues from the MENA irrigation project in fiscal 2026. In Infrastructure, the company anticipates continued growth in road safety products.

DE’s Price Performance, Valuations & EstimatesDeere shares have gained 34.4% in a year compared with the Zacks Manufacturing - Farm Equipment industry’s 28.1% growth. In comparison, the broader Zacks Industrial Products sector has returned 20.4% and the S&P 500 has rallied 22.9%. 

Image Source: Zacks Investment Research

Deere is currently trading at a forward 12-month price/earnings of 30.06X, a premium compared with the industry’s 27.55X. It is also higher than DE’s five-year median of 27.53X.

Image Source: Zacks Investment Research

The consensus estimate for fiscal 2026 earnings suggests a year-over-year decline of 1.5%. The same for fiscal 2027 indicates growth of 22.4%. The Zacks Consensus Estimate for 2026 sales implies 8.9% growth. The same for fiscal 2027 suggests growth of 9.1%.

EPS estimates for 2026 and 2027 have moved south over the past 60 days.

Image Source: Zacks Investment Research

Deere currently has a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

UAW President Shawn Fain called the offer an effort to avoid the usual bargaining process.

Blue Capital Inc. acquired a new position in Deere & Company (NYSE:DE – Free Report) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 1,281 shares of the industrial products company’s stock, valued at approximately $813,000.

Several other hedge funds have also recently modified their holdings of the company. Keating Financial Advisory Services Inc. purchased a new stake in shares of Deere & Company during the 2nd quarter worth approximately $336,000. Patron Partners LLC bought a new stake in shares of Deere & Company in the second quarter valued at $1,206,000. OneAscent Family Office LLC purchased a new position in shares of Deere & Company during the 2nd quarter valued at $301,000. OneAscent Financial Services LLC bought a new position in shares of Deere & Company during the 2nd quarter worth $1,979,000. Finally, Allworth Financial LP purchased a new stake in Deere & Company in the 2nd quarter worth about $7,473,000. Institutional investors own 68.58% of the company’s stock.

Analyst Ratings Changes Several equities research analysts have commented on DE shares. JPMorgan Chase & Co. upped their price objective on shares of Deere & Company from $570.00 to $585.00 and gave the company a “neutral” rating in a report on Friday. Truist Financial boosted their price target 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. Robert W. Baird upped their price target on shares of Deere & Company from $525.00 to $640.00 and gave the company a “neutral” rating in a research note on Friday. Citigroup raised their price objective on shares of Deere & Company from $610.00 to $650.00 and gave the stock a “neutral” rating in a report on Friday. Finally, Royal Bank Of Canada reissued an “outperform” rating and set a $752.00 target price on shares of Deere & Company in a report on Monday, June 1st. Fourteen investment analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. Based on data from MarketBeat.com, Deere & Company presently has a consensus rating of “Moderate Buy” and an average target price of $643.38.

Read Our Latest Research Report on Deere & Company Deere & Company Stock Up 4.5% Shares of DE opened at $648.61 on Friday. Deere & Company has a 1 year low of $433.00 and a 1 year high of $674.19. The company has a debt-to-equity ratio of 1.45, a current ratio of 2.10 and a quick ratio of 1.95. The stock has a 50 day simple moving average of $606.90 and a two-hundred day simple moving average of $590.75. The firm has a market cap of $175.08 billion, a P/E ratio of 36.03, a P/E/G ratio of 2.63 and a beta of 0.90.

Deere & Company (NYSE:DE – Get Free Report) last posted its quarterly earnings results on Thursday, August 20th. The industrial products company reported $5.10 earnings per share for the quarter, topping the consensus estimate of $4.69 by $0.41. Deere & Company had a net margin of 10.16% and a return on equity of 18.10%. The business had revenue of $12.61 billion during the quarter, compared to the consensus estimate of $10.81 billion. During the same period in the previous year, the firm posted $4.75 earnings per share. The firm’s revenue for the quarter was up 6.2% on a year-over-year basis. On average, analysts forecast that Deere & Company will post 18.23 earnings per share for the current fiscal year.

Deere & Company Dividend Announcement The firm also recently announced a quarterly dividend, which was paid on Monday, August 10th. Investors of record on Tuesday, June 30th were issued a dividend of $1.62 per share. This represents a $6.48 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date was Tuesday, June 30th. Deere & Company’s dividend payout ratio is currently 36.00%.

More Deere & Company News Here are the key news stories impacting Deere & Company this week:

Positive Sentiment: Q3 earnings and revenue beat expectations. Deere reported earnings of $5.10 per share, up from $4.75 a year earlier, on revenue of $12.61 billion, which rose about 6% year over year and exceeded analyst estimates. Deere Reports Third Quarter Net Income Positive Sentiment: Management raised its fiscal 2026 outlook. Deere increased its net-income forecast to $4.75 billion-$5.00 billion and expects $5.0 billion-$5.5 billion in equipment-operations cash flow, improving confidence in profitability and cash generation. Deere Raises FY2026 Outlook Positive Sentiment: Construction and forestry provided the key growth engine. Demand for bulldozers, excavators and other earth-moving equipment is largely booked through the rest of the year, supported by data-center and energy-infrastructure construction tied to artificial-intelligence investment. Deere Lifts Sales Guidance Positive Sentiment: The agricultural cycle may be nearing a bottom. Executives characterized fiscal 2026 as the likely trough for the agricultural equipment cycle and pointed to improving early order trends and potentially stronger demand in 2027. Deere also recognized $110 million in tariff refunds during the quarter. DE Q3 Earnings Call Highlights Neutral Sentiment: Analyst reactions were mixed but generally reflected higher estimates. Robert W. Baird raised its target to $640 and JPMorgan increased its target to $585, while both retained neutral ratings. Other analysts lifted targets as high as $685, indicating expectations have improved but also that valuation and limited near-term upside remain concerns. Deere Analysts Increase Forecasts Negative Sentiment: Agriculture remains a constraint. Production and precision agriculture demand is still weak, and Bank of America cautioned that any recovery may be gradual rather than a sharp cyclical rebound. The stock’s elevated valuation could make it vulnerable if farm-market improvement is delayed. Deere & Company Profile (Free Report)

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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Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

Allworth Financial LP acquired a new stake in Deere & Company (NYSE:DE – Free Report) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 11,781 shares of the industrial products company’s stock, valued at approximately $7,473,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. B. Metzler seel. Sohn & Co. AG acquired a new position in Deere & Company during the 2nd quarter worth $11,696,000. TrinityBridge Ltd acquired a new stake in Deere & Company in the 2nd quarter valued at about $19,225,000. Bernicke Wealth Management Ltd. acquired a new stake in Deere & Company in the 2nd quarter valued at about $200,000. Silvant Capital Management LLC purchased a new position in shares of Deere & Company in the 2nd quarter valued at about $3,788,000. Finally, LaSalle St. Investment Advisors LLC acquired a new position in shares of Deere & Company during the second quarter worth about $1,168,000. 68.58% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In A number of analysts recently weighed in on the stock. Oppenheimer restated an “outperform” rating on shares of Deere & Company in a research note on Thursday. Bank of America lowered their price target on shares of Deere & Company from $672.00 to $607.50 and set a “neutral” rating for the company in a report on Friday, May 22nd. Robert W. Baird dropped their price objective on shares of Deere & Company from $580.00 to $525.00 and set a “neutral” rating on the stock in a research report on Friday, May 22nd. Citigroup raised their price objective on shares of Deere & Company from $575.00 to $610.00 and gave the company a “neutral” rating in a report on Tuesday, July 14th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Deere & Company in a research report on Tuesday. Fourteen analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $641.98.

View Our Latest Research Report on DE Deere & Company Price Performance Shares of NYSE DE opened at $624.38 on Friday. The stock’s 50-day simple moving average is $605.47 and its 200-day simple moving average is $590.34. The firm has a market capitalization of $168.55 billion, a PE ratio of 35.38, a price-to-earnings-growth ratio of 2.46 and a beta of 0.90. Deere & Company has a fifty-two week low of $433.00 and a fifty-two 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.

Deere & Company (NYSE:DE – Get Free Report) last announced its quarterly earnings results on Thursday, August 20th. The industrial products company reported $5.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.69 by $0.41. Deere & Company had a return on equity of 18.25% and a net margin of 10.09%.The firm had revenue of $12.61 billion during the quarter, compared to the consensus estimate of $10.81 billion. During the same period in the prior year, the company posted $4.75 earnings per share. The firm’s quarterly revenue was up 6.2% compared to the same quarter last year. As a group, equities research analysts forecast that Deere & Company will post 18.21 EPS for the current fiscal year.

Deere & Company Dividend Announcement The company also recently disclosed a quarterly dividend, which was paid on Monday, August 10th. Shareholders of record on Tuesday, June 30th were issued a dividend of $1.62 per share. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $6.48 annualized dividend and a dividend yield of 1.0%. Deere & Company’s dividend payout ratio (DPR) is presently 36.71%.

Key Deere & Company News Here are the key news stories impacting Deere & Company this week:

Positive Sentiment: Deere reported fiscal Q3 net income of $1.379 billion, or $5.10 per share, up from $4.75 per share a year earlier. Revenue rose approximately 6% to $12.61 billion, exceeding analyst expectations for both earnings and sales. Deere Reports Third Quarter Net Income of $1.379 Billion Positive Sentiment: Management raised fiscal 2026 net-income guidance to $4.75 billion-$5.00 billion, from a prior range of $4.50 billion-$5.00 billion, and expects $5 billion-$5.5 billion in equipment-operations cash flow. Deere Raises FY2026 Net Income Outlook Positive Sentiment: The Construction & Forestry and Small Agriculture & Turf divisions provided the main upside, with demand tied to energy infrastructure and data-center construction supporting Deere’s nonfarm businesses. The company also indicated that fiscal 2026 could mark the bottom of the current agricultural equipment cycle. Deere Stock Soars After Construction Unit Drives Earnings Beat Neutral Sentiment: Management cited improving early order trends, used-equipment inventories and resilient parts demand, which may support a gradual recovery; however, the broader farm-equipment rebound is expected to be more pronounced in 2027. Deere Narrows Profit Outlook as Farm Recovery Seen in 2027 Negative Sentiment: Production agriculture remains pressured by weak farm conditions, while tariffs and regional sales weakness could weigh on margins and demand. The stock’s strong earnings reaction also leaves valuation and expectations elevated, increasing sensitivity to any signs that the agricultural recovery is delayed. Deere & Company Profile (Free Report)

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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