Jupiter Topco LLC Makes New Investment in Deere & Company $DE

Jupiter Topco LLC acquired a new stake in shares of Deere & Company (NYSE:DE) in the second quarter, HoldingsChannel.com reports. The fund acquired 1,090,450 shares of the industrial products company’s stock, valued at approximately $691,678,000.

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

Analyst Ratings Changes

DE has been the subject of several research reports. Wall Street Zen downgraded shares of Deere & Company from a “hold” rating to a “sell” rating in a report on Saturday. UBS Group reduced their target price on Deere & Company from $732.00 to $728.00 and set a “buy” rating on the stock in a report on Friday. Oppenheimer boosted their target price on Deere & Company from $680.00 to $685.00 and gave the stock an “outperform” rating in a research report on Thursday, August 20th. Bank of America dropped their price target on Deere & Company from $672.00 to $607.50 and set a “neutral” rating for the company in a research note on Friday, May 22nd. Finally, JPMorgan Chase & Co. raised their price target on Deere & Company from $570.00 to $585.00 and gave the company a “neutral” rating in a report on Friday, August 21st. Fourteen investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. According to MarketBeat.com, Deere & Company presently has a consensus rating of “Moderate Buy” and a consensus target price of $653.48.

Key Deere & Company News

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

• Positive Sentiment: Strong fiscal third-quarter results: Deere exceeded earnings expectations, with quarterly net income rising 7%. Construction & Forestry sales increased 18% year over year, benefiting from infrastructure investment and AI data-center construction. Deere & Company Strong Quarter Raises the Stakes for an Agricultural Recovery
• Positive Sentiment: Analysts raised their targets: DA Davidson lifted its price target to $760 and maintained a buy rating, while RBC reaffirmed its outperform rating with a $752 target. Analysts cited better-than-expected results, improving equipment orders and potential recovery in farm machinery demand. Deere analyst price-target updates
• Positive Sentiment: Construction and Forestry may provide longer-term growth: Higher volumes, pricing, technology adoption and demand tied to infrastructure spending are strengthening a segment that could help offset weakness in agricultural equipment. Can Construction and Forestry Fuel Deere’s Long-Term Growth?
• Neutral Sentiment: Competitive positioning is mixed: A comparison with Caterpillar concluded that CAT’s record sales, backlog and earnings growth currently give it an advantage over Deere, highlighting divergent outlooks within the heavy-equipment sector. Caterpillar vs. Deere
• Negative Sentiment: Tariff costs are expected to increase: Deere warned of a “step-up” in tariff expenses in 2027, raising concerns about margin pressure and potentially higher prices for customers. Deere expects step-up in tariff costs in 2027
• Negative Sentiment: Labor negotiations pose a future risk: United Auto Workers members rejected Deere’s proposed two-year contract extension, setting up potentially contentious bargaining in 2027. Wage demands and the possibility of operational disruptions could increase costs and uncertainty. UAW Workers Reject Deere’s Contract Extension Offer

Deere & Company Stock Performance

Shares of NYSE:DE opened at $631.41 on Wednesday. The firm has a fifty day simple moving average of $609.25 and a two-hundred day simple moving average of $592.33. Deere & Company has a 52 week low of $433.00 and a 52 week high of $674.19. The company has a quick ratio of 1.89, a current ratio of 2.10 and a debt-to-equity ratio of 1.45. The stock has a market capitalization of $170.44 billion, a P/E ratio of 35.08, a PEG ratio of 2.30 and a beta of 0.90.

Deere & Company (NYSE:DE) last announced its earnings results on Thursday, August 20th. The industrial products company reported $5.10 earnings per share (EPS) for the quarter, beating 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 period in the prior year, the company earned $4.75 EPS. The business’s revenue was up 6.2% compared to the same quarter last year. On average, analysts expect that Deere & Company will post 18.11 earnings per share for the current fiscal year.

Deere & 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.