Robert W. Baird Forecasts Strong Price Appreciation for Deere & Company (NYSE:DE) Stock

Deere & Company (NYSE:DE) had its target price hoisted by stock analysts at Robert W. Baird from $525.00 to $640.00 in a research report issued to clients and investors on Friday,Benzinga reports. The brokerage presently has a “neutral” rating on the industrial products company’s stock. Robert W. Baird’s price target points to a potential upside of 2.50% from the company’s previous close.

Other research analysts also recently issued research reports about the company. Wall Street Zen upgraded Deere & Company from a “sell” rating to a “hold” rating in a report on Sunday, July 5th. Truist Financial upped their target price on Deere & Company from $759.00 to $812.00 and gave the stock a “buy” rating in a research report on Thursday, July 2nd. Bank of America cut 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 report on Friday, May 22nd. Seaport Research Partners set a $570.00 price objective on shares of Deere & Company in a report on Friday, August 14th. Finally, Royal Bank Of Canada reissued an “outperform” rating and issued a $752.00 price objective on shares of Deere & Company in a research note on Monday, June 1st. Fourteen research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $647.73.

Deere & Company Stock Up 7.5%

NYSE DE opened at $624.38 on Friday. Deere & Company has a 12 month low of $433.00 and a 12 month high of $674.19. The company has a market capitalization of $168.55 billion, a P/E ratio of 35.38, a PEG ratio of 2.46 and a beta of 0.90. The company’s 50 day simple moving average is $605.47 and its 200 day simple moving average is $590.34. The company has a debt-to-equity ratio of 1.54, a current ratio of 2.18 and a quick ratio of 1.95.

Deere & Company (NYSE:DE) last announced its quarterly earnings data on Thursday, August 20th. The industrial products company reported $5.10 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 company had revenue of $12.61 billion during the quarter, compared to the consensus estimate of $10.81 billion. During the same quarter in the prior year, the firm earned $4.75 EPS. The company’s quarterly revenue was up 6.2% compared to the same quarter last year. Equities research analysts expect that Deere & Company will post 18.21 earnings per share for the current fiscal year.

Institutional Trading of Deere & Company

A number of large investors have recently bought and sold shares of the stock. Vanguard Group Inc. grew its holdings in shares of Deere & Company by 0.9% in the 4th quarter. Vanguard Group Inc. now owns 22,583,185 shares of the industrial products company’s stock worth $10,514,053,000 after purchasing an additional 198,332 shares during the last quarter. BlackRock Inc. acquired a new position in Deere & Company in the second quarter valued at about $11,763,504,000. State Street Corp boosted its position in Deere & Company by 0.9% in the fourth quarter. State Street Corp now owns 10,485,949 shares of the industrial products company’s stock valued at $4,898,717,000 after buying an additional 97,049 shares in the last quarter. Capital World Investors grew its stake in Deere & Company by 53.9% during the fourth quarter. Capital World Investors now owns 9,592,004 shares of the industrial products company’s stock worth $4,465,906,000 after buying an additional 3,358,264 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD increased its holdings in shares of Deere & Company by 2.1% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 7,692,877 shares of the industrial products company’s stock worth $3,581,574,000 after buying an additional 158,584 shares in the last quarter. 68.58% of the stock is currently owned by institutional investors.

Deere & Company News Summary

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

• Positive Sentiment: Deere reported fiscal Q3 earnings of $5.10 per share, above analyst estimates near $4.70–$4.79, while revenue rose roughly 5% year over year to $12.61 billion, substantially exceeding consensus expectations. 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 $4.5 billion–$5.0 billion, signaling greater confidence in execution and near-term demand. Deere Raises FY2026 Net Income Outlook
• Positive Sentiment: The Construction & Forestry and Small Agriculture & Turf businesses outperformed, offsetting weakness in Production & Precision Agriculture. Demand linked to data centers, energy infrastructure and broader construction activity is providing Deere with a new source of growth as the agricultural cycle remains soft. Deere Stock Soars After Construction Unit Drives Earnings Beat
• Positive Sentiment: CFO Brent Norwood said construction tailwinds and artificial-intelligence-related infrastructure spending are boosting sales, reinforcing the market’s view that Deere is benefiting from more than traditional farm-equipment demand. We’re Riding Construction’s Tailwinds, Deere CFO Says
• Neutral Sentiment: Management suggested the current agricultural-equipment downturn may be approaching a bottom, but a more meaningful farm recovery could be delayed until 2027. Early order trends and used-equipment inventories are improving, though the recovery remains cyclical. Deere Narrows Profit Outlook as Farm Recovery Seen in 2027
• Negative Sentiment: Agricultural demand remains pressured, with weakness in major production-farming markets, while tariffs, regional sales pressure and the possibility of a delayed farm recovery remain risks to future growth and margins.

Deere & Company Company Profile

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

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