Deere & Company Q2 EPS Forecast Boosted by Zacks Research

Deere & Company (NYSE:DE - Free Report) - Research analysts at Zacks Research raised their Q2 2026 earnings per share estimates for shares of Deere & Company in a research report issued on Thursday, April 10th. Zacks Research analyst M. Das now expects that the industrial products company will earn $5.74 per share for the quarter, up from their previous estimate of $5.73. The consensus estimate for Deere & Company's current full-year earnings is $19.32 per share.

Other analysts also recently issued reports about the stock. Robert W. Baird reiterated a "neutral" rating and issued a $501.00 price target on shares of Deere & Company in a research report on Monday, March 3rd. Citigroup cut their target price on shares of Deere & Company from $480.00 to $450.00 and set a "neutral" rating on the stock in a report on Tuesday, April 8th. Argus set a $510.00 price target on shares of Deere & Company in a report on Friday, March 7th. Baird R W downgraded Deere & Company from a "strong-buy" rating to a "hold" rating in a research note on Monday, March 3rd. Finally, Evercore ISI lifted their target price on Deere & Company from $437.00 to $455.00 and gave the stock an "in-line" rating in a report on Wednesday, February 19th. One investment analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and eight have given a buy rating to the stock. According to MarketBeat, Deere & Company has a consensus rating of "Hold" and a consensus price target of $457.26.

Deere & Company Trading Up 3.5 %

NYSE:DE opened at $459.75 on Monday. The firm has a market capitalization of $124.78 billion, a price-to-earnings ratio of 20.38, a PEG ratio of 2.14 and a beta of 1.00. Deere & Company has a 1-year low of $340.20 and a 1-year high of $515.05. The business's 50-day moving average price is $470.92 and its two-hundred day moving average price is $443.51. The company has a current ratio of 2.22, a quick ratio of 1.98 and a debt-to-equity ratio of 1.94.

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Deere & Company (NYSE:DE - Get Free Report) last released its earnings results on Thursday, February 13th. The industrial products company reported $3.19 EPS for the quarter, topping analysts' consensus estimates of $3.14 by $0.05. Deere & Company had a net margin of 12.94% and a return on equity of 27.31%.

Deere & Company Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 8th. Stockholders of record on Monday, March 31st will be issued a $1.62 dividend. This represents a $6.48 annualized dividend and a dividend yield of 1.41%. The ex-dividend date is Monday, March 31st. Deere & Company's payout ratio is presently 28.72%.

Insider Activity at Deere & Company

In other news, insider Rajesh Kalathur sold 24,580 shares of the company's stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $500.61, for a total value of $12,304,993.80. Following the sale, the insider now directly owns 74,878 shares of the company's stock, valued at approximately $37,484,675.58. This represents a 24.71 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.29% of the stock is owned by company insiders.

Hedge Funds Weigh In On Deere & Company

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Towneley Capital Management Inc DE acquired a new stake in Deere & Company during the first quarter worth approximately $247,000. Gateway Investment Advisers LLC increased its stake in shares of Deere & Company by 14.9% during the first quarter. Gateway Investment Advisers LLC now owns 81,956 shares of the industrial products company's stock worth $38,466,000 after purchasing an additional 10,645 shares during the period. Independence Bank of Kentucky lifted its holdings in Deere & Company by 1.8% during the 1st quarter. Independence Bank of Kentucky now owns 1,657 shares of the industrial products company's stock worth $778,000 after purchasing an additional 29 shares during the last quarter. Chemistry Wealth Management LLC boosted its stake in Deere & Company by 0.8% in the 1st quarter. Chemistry Wealth Management LLC now owns 3,482 shares of the industrial products company's stock valued at $1,634,000 after purchasing an additional 29 shares during the period. Finally, Pines Wealth Management LLC grew its holdings in Deere & Company by 15.9% in the 1st quarter. Pines Wealth Management LLC now owns 618 shares of the industrial products company's stock valued at $290,000 after buying an additional 85 shares in the last quarter. 68.58% of the stock is owned by institutional investors.

Deere & Company Company Profile

Deere & Co engages in the manufacture and distribution of equipment used in agriculture, construction, forestry, and turf care. It operates through the following segments: Agriculture and Turf, Construction and Forestry, and Financial Services. The Agriculture and Turf segment focuses on the distribution and manufacture of a full line of agriculture and turf equipment and related service parts.

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