Leigh Baldwin & CO. LLC Takes Position in Deere & Company $DE

Leigh Baldwin & CO. LLC purchased a new stake in shares of Deere & Company (NYSE:DE) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 1,319 shares of the industrial products company’s stock, valued at approximately $837,000.

A number of other hedge funds have also bought and sold shares of DE. Mowery & Schoenfeld Wealth Management LLC bought a new position in Deere & Company in the 2nd quarter valued at $27,000. Kilter Group LLC bought a new stake in shares of Deere & Company during the 2nd quarter worth $29,000. Solstein Capital LLC purchased a new position in shares of Deere & Company in the 2nd quarter worth about $30,000. Portus Wealth Advisors LLC purchased a new position in shares of Deere & Company in the 1st quarter worth about $32,000. Finally, Timmons Wealth Management LLC bought a new position in Deere & Company during the fourth quarter valued at about $29,000. 68.58% of the stock is currently owned by institutional investors.

Key Headlines Impacting Deere & Company

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.

Analyst Upgrades and Downgrades

DE has been the subject of a number of research analyst reports. Oppenheimer raised their price objective on shares of Deere & Company from $680.00 to $685.00 and gave the stock an “outperform” rating in a report on Thursday. Raymond James Financial dropped their target price on shares of Deere & Company from $765.00 to $700.00 and set an “outperform” rating on the stock in a research note on Friday, May 22nd. Wall Street Zen downgraded shares of Deere & Company from a “hold” rating to a “sell” rating in a research report on Saturday. DA Davidson set a $585.00 price target on shares of Deere & Company in a research note on Friday. Finally, Bank of America lowered their price target on shares of Deere & Company from $672.00 to $607.50 and set a “neutral” rating on the stock in a report on Friday, May 22nd. Fourteen research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $643.38.

Deere & Company Trading Up 0.2%

Shares of DE opened at $648.61 on Monday. Deere & Company has a fifty-two week low of $433.00 and a fifty-two week high of $674.19. The business has a 50-day moving average of $606.90 and a 200 day moving average of $591.15. The firm has a market cap of $175.09 billion, a P/E ratio of 36.03, a price-to-earnings-growth ratio of 2.74 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) last released its quarterly earnings data 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. The business had revenue of $12.61 billion for 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 revenue was up 6.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $4.75 earnings per share. As a group, research analysts forecast that Deere & Company will post 18.23 EPS for the current year.

Deere & Company Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, August 10th. Stockholders of record on Tuesday, June 30th were given a $1.62 dividend. 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 payout ratio is 36.00%.

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.