Deere & Company $DE Shares Sold by Gabelli Funds LLC

Gabelli Funds LLC reduced its stake in shares of Deere & Company (NYSE:DE) by 0.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 256,902 shares of the industrial products company’s stock after selling 2,120 shares during the period. Deere & Company accounts for about 0.8% of Gabelli Funds LLC’s investment portfolio, making the stock its 21st largest position. Gabelli Funds LLC’s holdings in Deere & Company were worth $117,471,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of DE. Howard Hughes Medical Institute purchased a new position in Deere & Company during the second quarter worth approximately $27,000. Activest Wealth Management boosted its holdings in shares of Deere & Company by 69.2% in the 3rd quarter. Activest Wealth Management now owns 66 shares of the industrial products company’s stock valued at $30,000 after purchasing an additional 27 shares during the last quarter. United Community Bank grew its stake in shares of Deere & Company by 67.3% during the 3rd quarter. United Community Bank now owns 92 shares of the industrial products company’s stock valued at $42,000 after buying an additional 37 shares during the period. Lynch Asset Management Inc. purchased a new stake in shares of Deere & Company during the 3rd quarter valued at $46,000. Finally, Vision Financial Markets LLC acquired a new stake in shares of Deere & Company during the 3rd quarter worth $46,000. 68.58% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages recently weighed in on DE. Morgan Stanley increased their target price on Deere & Company from $560.00 to $730.00 and gave the stock an “overweight” rating in a research report on Monday, February 23rd. Wolfe Research upped their price target on Deere & Company from $520.00 to $550.00 and gave the stock an “outperform” rating in a research note on Friday, January 2nd. JPMorgan Chase & Co. cut their price objective on Deere & Company from $480.00 to $460.00 and set a “neutral” rating on the stock in a report on Friday, December 19th. Robert W. Baird lifted their price objective on Deere & Company from $467.00 to $675.00 and gave the company a “neutral” rating in a research note on Friday, February 20th. Finally, Evercore reiterated a “positive” rating on shares of Deere & Company in a report on Friday, November 28th. Sixteen investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $647.20.

Deere & Company Stock Down 0.2%

Shares of NYSE:DE opened at $589.22 on Friday. The company has a market capitalization of $159.15 billion, a price-to-earnings ratio of 33.21, a price-to-earnings-growth ratio of 2.08 and a beta of 0.96. The company has a 50 day moving average of $551.94 and a two-hundred day moving average of $499.50. Deere & Company has a 52-week low of $404.42 and a 52-week high of $674.19. The company has a quick ratio of 1.96, a current ratio of 2.21 and a debt-to-equity ratio of 1.59.

Deere & Company (NYSE:DE) last posted its earnings results on Thursday, February 19th. The industrial products company reported $2.42 EPS for the quarter, topping analysts’ consensus estimates of $1.90 by $0.52. The business had revenue of $9.61 billion for the quarter, compared to analysts’ expectations of $7.50 billion. Deere & Company had a net margin of 10.29% and a return on equity of 18.93%. The business’s revenue for the quarter was up 17.5% compared to the same quarter last year. During the same period in the previous year, the company posted $3.19 earnings per share. As a group, analysts forecast that Deere & Company will post 19.32 earnings per share for the current fiscal year.

Deere & Company Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 8th. Shareholders of record on Tuesday, March 31st will be issued a $1.62 dividend. The ex-dividend date is Tuesday, March 31st. This represents a $6.48 dividend on an annualized basis and a yield of 1.1%. Deere & Company’s payout ratio is currently 36.53%.

Deere & Company News Summary

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

• Positive Sentiment: Acquisition of Tenna — Deere completed the purchase of construction-technology firm Tenna to scale mixed‑fleet telematics and services for its Construction & Forestry segment, signaling incremental recurring‑revenue and product expansion potential. Will Deere’s Tenna Buyout Aid Its Construction & Forestry Segment?
• Positive Sentiment: Analyst support — Wells Fargo reiterated a Buy rating for DE, and Argus also flagged upside potential, giving institutional conviction that can underpin the stock amid short‑term noise. Wells Fargo Sticks to Its Buy Rating for Deere (DE) Argus Analyst Says DE Stock Price Expected to Rise
• Neutral Sentiment: Trending/attention — Zacks notes DE is a trending stock, increasing retail attention; that can amplify moves but isn’t a directional catalyst by itself. Deere & Company (DE) Is a Trending Stock: Facts to Know Before Betting on It
• Neutral Sentiment: Marketing/customer engagement — Deere’s “Building America” excavator contest at CONEXPO boosts brand and dealer engagement; helpful for long‑term demand but not an immediate earnings driver. John Deere Launches Building America Excavator Contest at Conexpo
• Neutral Sentiment: Options activity — Unusual options flow suggests speculative positioning that can increase intraday volatility but doesn’t change fundamentals. Looking At Deere’s Recent Unusual Options Activity
• Negative Sentiment: Valuation/rotation concerns — After a strong multi‑period run, analysts and articles ask whether much of the upside is already priced in; DE’s premium valuation (P/E elevated vs history) makes it sensitive to any slowdown in farm income or capital‑goods demand. Is It Too Late To Consider Deere (DE) After Its Strong Share Price Run?
• Negative Sentiment: Macro & sector risks — Zacks highlights risks (falling farm income, tariff pressure, premium multiple) that could sap upside, and weekly market notes point to geopolitical and economic headwinds that are pressuring cyclical stocks like Deere. DE Gains 33% in a Year: What’s the Right Strategy for Investors Now? MarketBeat Week in Review – 03/02 – 03/06

Insider Transactions at Deere & Company

In related news, CEO John C. May II sold 41,472 shares of the business’s stock in a transaction dated Thursday, January 8th. The stock was sold at an average price of $501.49, for a total value of $20,797,793.28. Following the transaction, the chief executive officer owned 117,970 shares in the company, valued at approximately $59,160,775.30. The trade was a 26.01% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Cory J. Reed sold 12,000 shares of the stock in a transaction dated Wednesday, January 14th. The shares were sold at an average price of $510.00, for a total value of $6,120,000.00. Following the completion of the transaction, the insider directly owned 20,792 shares of the company’s stock, valued at $10,603,920. This represents a 36.59% decrease in their position. The disclosure for this sale is available in the SEC filing. Corporate insiders own 0.29% of the company’s stock.

About Deere & Company

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.