Deere & Company (NYSE:DE) Reaches New 1-Year High – Here’s Why

Deere & Company (NYSE:DE) shares reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $675.75 and last traded at $671.8070, with a volume of 689365 shares traded. The stock had previously closed at $654.91.

Key Stories Impacting Deere & Company

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

• Positive Sentiment: Baird upgraded Deere to Outperform and raised its price target to $800 from $640. The firm expects North American agricultural fundamentals to improve in 2027, supported by firmer corn prices and a recovery in row-crop demand. Baird Just Upgraded Deere Stock. Here’s Why.
• Positive Sentiment: The upgrade prompted a broader rally in agricultural machinery stocks, including AGCO, as investors positioned for an eventual rebound in farm-equipment demand. The call also suggests Deere may be approaching the bottom of its current agricultural cycle. Deere and AGCO Rally as Baird Upgrades Both on North America Row Crop Demand
• Positive Sentiment: Options activity was unusually strong, with investors purchasing 8,338 call options—about 61% above typical call volume—indicating increased near-term bullish positioning, although options activity is not a guarantee of future performance.
• Positive Sentiment: Deere’s latest quarterly report provided fundamental support for the rally: earnings per share came in at $5.10 versus the $4.69 consensus estimate, revenue reached $12.61 billion, and fiscal 2026 net-income guidance was raised to $4.75 billion-$5.00 billion.
• Neutral Sentiment: Investor interest is mixed but broadly constructive: 1,226 institutional investors added DE shares in the latest quarter, while 1,127 reduced positions. Reported large buyers included JPMorgan and Capital International Investors.
• Negative Sentiment: Insider trading data shows no reported open-market purchases and 15 sales over the past six months, including more than 31,000 shares sold by an executive. This may temper enthusiasm, though insider sales can reflect personal liquidity or diversification needs.

Analyst Upgrades and Downgrades

DE has been the subject of several recent research reports. Nomura upgraded Deere & Company to a “buy” rating in a research report on Monday. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Deere & Company in a research note on Tuesday, August 18th. Royal Bank Of Canada reiterated an “outperform” rating and set a $752.00 price target on shares of Deere & Company in a report on Monday, August 24th. Robert W. Baird raised shares of Deere & Company from a “neutral” rating to an “outperform” rating and increased their price target for the company from $640.00 to $800.00 in a research report on Monday. Finally, Oppenheimer raised their price target on shares of Deere & Company from $680.00 to $685.00 and gave the stock an “outperform” rating in a report on Thursday, August 20th. Sixteen investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $662.98.

Deere & Company Trading Up 2.5%

The firm has a market cap of $181.07 billion, a P/E ratio of 37.31, a PEG ratio of 2.60 and a beta of 0.90. The firm’s fifty day moving average is $612.74 and its two-hundred day moving average is $593.84. The company has a quick ratio of 1.89, a current ratio of 2.10 and a debt-to-equity ratio of 1.45.

Deere & Company (NYSE:DE) last issued its quarterly earnings data 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 net margin of 10.16% and a return on equity of 18.10%. The business had revenue of $12.61 billion for the quarter, compared to the consensus estimate of $10.81 billion. During the same period in the previous year, the firm earned $4.75 EPS. The company’s quarterly revenue was up 6.2% compared to the same quarter last year. Analysts predict that Deere & Company will post 18.11 earnings per share for the current fiscal year.

Deere & Company Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, November 9th. Stockholders of record on Wednesday, September 30th will be paid 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 is Wednesday, September 30th. Deere & Company’s dividend payout ratio (DPR) is presently 36.00%.

Institutional Trading of Deere & Company

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Cary Street Partners Financial LLC lifted its holdings in shares of Deere & Company by 11.8% during the fourth quarter. Cary Street Partners Financial LLC now owns 10,312 shares of the industrial products company’s stock valued at $4,801,000 after purchasing an additional 1,086 shares in the last quarter. Baxter Bros Inc. bought a new position in shares of Deere & Company in the 2nd quarter worth approximately $1,707,000. Global Retirement Partners LLC purchased a new stake in shares of Deere & Company in the 2nd quarter worth $3,890,000. Westpac Banking Corp raised its holdings in Deere & Company by 78.6% in the 4th 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 during the period. Finally, TRB Wealth Management LLC bought a new position in Deere & Company in the 2nd quarter worth $623,000. 68.58% of the stock is owned by hedge funds and other institutional investors.

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.