Deere & Company (NYSE:DE) Shares Gap Up on Better-Than-Expected Earnings

Deere & Company (NYSE:DE)’s share price gapped up prior to trading on Thursday following a stronger than expected earnings report. The stock had previously closed at $580.63, but opened at $611.12. Deere & Company shares last traded at $604.9670, with a volume of 254,807 shares changing hands.

The industrial products company reported $5.10 earnings per share for the quarter, beating analysts’ consensus estimates of $4.71 by $0.39. Deere & Company had a net margin of 10.09% and a return on equity of 18.25%. The firm had revenue of $12.61 billion for the quarter, compared to analyst estimates of $10.81 billion. During the same quarter in the previous year, the firm posted $4.75 EPS. The company’s revenue for the quarter was up 6.2% compared to the same quarter last year.

Deere & Company Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, August 10th. Investors of record on Tuesday, June 30th were paid a $1.62 dividend. The ex-dividend date was Tuesday, June 30th. This represents a $6.48 dividend on an annualized basis and a yield of 1.1%. Deere & Company’s payout ratio is presently 36.71%.

More Deere & Company News

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

• Positive Sentiment: Large earnings and revenue beat: Deere reported adjusted earnings of $5.10 per share, above analyst estimates ranging from $4.71 to $4.79 and up from $4.75 a year earlier. Revenue rose 6.2% year over year to $12.61 billion, well ahead of estimates near $10.8 billion. Deere Beats Q3 Earnings and Revenue Estimates
• Positive Sentiment: Full-year outlook improved: Deere raised its fiscal-year net-income guidance to approximately $4.75 billion-$5.00 billion, signaling that disciplined cost control and execution are helping offset uneven demand. Deere Reports Third Quarter Net Income
• Positive Sentiment: Construction helped diversify results: Continued growth in Deere’s construction-equipment business helped compensate for weakness in its production-agriculture segment, demonstrating some resilience beyond farming. Deere’s Profit Rises as Sales Climb
• Neutral Sentiment: Recovery remains delayed: Deere narrowed its profit outlook while indicating that stabilizing farm conditions may lead to a more meaningful recovery in 2027, suggesting near-term agricultural-equipment demand remains pressured. Deere Narrows Profit Outlook as Farm Recovery Seen in 2027

Analyst Ratings Changes

A number of analysts have commented on the company. Wall Street Zen raised Deere & Company from a “sell” rating to a “hold” rating in a report on Sunday, July 5th. Seaport Research Partners set a $570.00 price objective on Deere & Company in a research report on Friday, August 14th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Deere & Company in a research note on Tuesday. Oppenheimer restated an “outperform” rating on shares of Deere & Company in a research report on Thursday. Finally, Robert W. Baird lowered their target price on shares of Deere & Company from $580.00 to $525.00 and set a “neutral” rating on the stock in a research note on Friday, May 22nd. Fourteen research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $641.98.

Institutional Trading of Deere & Company

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Mowery & Schoenfeld Wealth Management LLC purchased a new stake in shares of Deere & Company during the 2nd quarter worth approximately $27,000. Kilter Group LLC purchased a new stake in shares of Deere & Company in the second quarter valued at about $29,000. Timmons Wealth Management LLC acquired a new position in Deere & Company during the 4th quarter worth approximately $29,000. McIlrath & Eck LLC purchased a new position in Deere & Company in the fourth quarter worth $30,000. Finally, Solstein Capital LLC purchased a new position in shares of Deere & Company in the 2nd quarter valued at about $30,000. Institutional investors and hedge funds own 68.58% of the company’s stock.

Deere & Company Stock Performance

The stock’s fifty day simple moving average is $604.36 and its 200-day simple moving average is $589.65. The company has a market capitalization of $162.83 billion, a PE ratio of 34.35, a PEG ratio of 2.49 and a beta of 0.90. The company has a quick ratio of 1.95, a current ratio of 2.18 and a debt-to-equity ratio of 1.54.

About Deere & Company

Deere & Company, commonly known by its brand John Deere, is a global manufacturer of agricultural, construction and forestry machinery, as well as turf care equipment and power systems. Founded in 1837 by blacksmith John Deere—who developed a polished steel plow to improve tillage in tough prairie soils—the company is headquartered in Moline, Illinois, and has grown into one of the largest and most recognizable names in equipment manufacturing worldwide.

The company’s principal businesses include a broad portfolio of agricultural equipment such as tractors, combines, planters, sprayers, harvesters and tillage implements, complemented by precision agriculture technologies and telematics that support farm management, yield optimization and equipment connectivity.