Deere Shares Rise After Q3 Beat and Higher Full-Year Outlook

Deere & Company (DE) is up 7.5% today. Here is some analysis on what might have caused this price movement.

Analysis: Deere appears to be moving higher after posting a stronger fiscal third quarter than investors expected and tightening its full-year profit outlook upward. The reaction also suggests investors were encouraged by management’s view that 2026 is shaping up to be the bottom of the current agricultural equipment cycle.

Details:

Deere reported fiscal third-quarter net income of $1.379 billion, or $5.10 per share, up from $1.289 billion, or $4.75 per share, a year earlier.

Worldwide net sales and revenues increased 5% to $12.608 billion, while equipment net sales rose to $10.999 billion from $10.357 billion.

The company improved its fiscal 2026 net income guidance to $4.75 billion to $5.00 billion, compared with its earlier range of $4.5 billion to $5.0 billion.

Management also highlighted early order-program trends, improving used-equipment inventories, and resilient demand in parts of the portfolio, which likely reinforced confidence in a cyclical recovery.

Sources:

Deere & Company, John Deere Investor Relations, Investing.com

Disclaimer: This price movement analysis was generated with the help of AI. Please double-check the information provided for mistakes.

$DE Hedge Fund Activity

We have seen 1,217 institutional investors add shares of $DE stock to their portfolio, and 1,130 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

JPMORGAN CHASE & CO added 9,211,993 shares (+inf%) to their portfolio in Q2 2026, for an estimated $5,843,443,519
CAPITAL INTERNATIONAL INVESTORS added 4,706,513 shares (+276.3%) to their portfolio in Q2 2026, for an estimated $2,985,482,391
SIXTH STREET PARTNERS MANAGEMENT COMPANY, L.P. added 1,638,704 shares (+inf%) to their portfolio in Q2 2026, for an estimated $1,039,479,108
WELLINGTON MANAGEMENT GROUP LLP added 1,412,694 shares (+84.3%) to their portfolio in Q2 2026, for an estimated $896,114,185
FMR LLC added 958,880 shares (+14.7%) to their portfolio in Q2 2026, for an estimated $608,246,350
CAPITAL WORLD INVESTORS removed 770,945 shares (-6.3%) from their portfolio in Q2 2026, for an estimated $489,033,541
DIAMANT ASSET MANAGEMENT, INC. removed 609,683 shares (-99.8%) from their portfolio in Q2 2026, for an estimated $386,740,217

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.

$DE Government Contracts

We have seen $11,499,479 of award payments to $DE over the last year.

Here are some of the awards which we have have seen pay out the most over the last year:

8511618895!WHEEL LOADER: $7,640,515

To track government contracts to publicy traded companies, check out Quiver Quantitative's government contracts dashboard. You can access data on government contracts through the Quiver Quantitative API government contracts endpoint.

$DE Congressional Stock Trading

Members of Congress have traded $DE stock 2 times in the past 6 months. Of those trades, 1 have been purchases and 1 have been sales.

Here’s a breakdown of recent trading of $DE stock by members of Congress over the last 6 months:

REPRESENTATIVE DAN NEWHOUSE sold up to $15,000 on 07/10.
SENATOR ALAN ARMSTRONG purchased up to $15,000 on 03/27.

To track congressional stock trading, check out Quiver Quantitative's congressional trading dashboard. You can access data on congressional stock trades through the Quiver Quantitative API Congress trades endpoint.

$DE Price Targets

Multiple analysts have issued price targets for $DE recently. We have seen 10 analysts offer price targets for $DE in the last 6 months, with a median target of $640.5.

Here are some recent targets:

Jamie Cook from Truist Securities set a target price of $812.0 on 07/02/2026
Tami Zakaria from JP Morgan set a target price of $590.0 on 06/04/2026
Sabahat Khan from RBC Capital set a target price of $752.0 on 06/01/2026
Ross Gilardi from B of A Securities set a target price of $607.5 on 05/22/2026
Michael Shlisky from DA Davidson set a target price of $685.0 on 05/22/2026
Stephen Volkmann from Jefferies set a target price of $550.0 on 04/08/2026
Adam Seiden from Barclays set a target price of $640.0 on 04/01/2026

This article is not financial advice. See Quiver Quantitative's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.