Bank of New York Mellon Corp Cuts Stake in Deere & Company $DE

Bank of New York Mellon Corp reduced its stake in Deere & Company (NYSE:DE) by 12.4% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 1,597,798 shares of the industrial products company’s stock after selling 227,047 shares during the period. Bank of New York Mellon Corp’s holdings in Deere & Company were worth $743,887,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Strategic Advocates LLC purchased a new stake in Deere & Company during the third quarter valued at about $25,000. Key Capital Management INC purchased a new stake in Deere & Company during the fourth quarter valued at about $27,000. McIlrath & Eck LLC purchased a new stake in Deere & Company during the fourth quarter valued at about $30,000. Wealth Watch Advisors INC purchased a new stake in Deere & Company during the third quarter valued at about $32,000. Finally, Tucker Asset Management LLC purchased a new stake in Deere & Company during the fourth quarter valued at about $34,000. 68.58% of the stock is owned by hedge funds and other institutional investors.

Deere & Company Trading Up 1.7%

Shares of Deere & Company stock opened at $589.05 on Thursday. The company has a debt-to-equity ratio of 1.54, a current ratio of 2.18 and a quick ratio of 1.95. Deere & Company has a 1 year low of $433.00 and a 1 year high of $674.19. The firm has a market cap of $159.01 billion, a PE ratio of 33.37, a PEG ratio of 2.15 and a beta of 0.92. The company has a 50 day simple moving average of $572.57 and a two-hundred day simple moving average of $544.51.

Deere & Company (NYSE:DE) last released its quarterly earnings results on Thursday, May 21st. The industrial products company reported $6.55 EPS for the quarter, topping analysts’ consensus estimates of $5.70 by $0.85. Deere & Company had a net margin of 10.09% and a return on equity of 18.25%. The business had revenue of $13.37 billion during the quarter, compared to analysts’ expectations of $11.55 billion. During the same quarter in the previous year, the company earned $6.64 EPS. The business’s quarterly revenue was up 5.4% compared to the same quarter last year. Analysts expect that Deere & Company will post 18.08 earnings per share for the current fiscal year.

Deere & Company Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, August 10th. Shareholders of record on Tuesday, June 30th will be paid a $1.62 dividend. This represents a $6.48 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend is Tuesday, June 30th. Deere & Company’s payout ratio is currently 36.71%.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. UBS Group upped their price objective on shares of Deere & Company from $535.00 to $775.00 and gave the company a “buy” rating in a report on Friday, February 20th. Robert W. Baird decreased their price target on Deere & Company from $580.00 to $525.00 and set a “neutral” rating on the stock in a research report on Friday, May 22nd. Barclays upped their price target on Deere & Company from $530.00 to $640.00 and gave the company an “overweight” rating in a research report on Tuesday, March 31st. Truist Financial decreased their price target on Deere & Company from $793.00 to $759.00 and set a “buy” rating on the stock in a research report on Tuesday, May 26th. Finally, Citigroup decreased their price target on Deere & Company from $625.00 to $595.00 and set a “neutral” rating on the stock in a research report on Friday, May 22nd. Fifteen investment analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Deere & Company presently has a consensus rating of “Moderate Buy” and an average price target of $638.08.

Deere & Company News Summary

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

• Positive Sentiment: The White House said it will reduce tariffs on imported farm and construction machinery, including combines, harvesters and forklifts, which should lower input costs and improve margins for Deere and other heavy-equipment makers. US Lowers Tariffs to Boost Investment in Industrial Economy
• Positive Sentiment: Investors also reacted to Deere’s strong fiscal Q2 results, with earnings and revenue beating expectations and management keeping its full-year FY2026 profit outlook unchanged, which supports confidence in the business despite agricultural-cycle uncertainty. Deere jumps as investors refocus on Q2 beat, steady FY26 outlook, and construction strength
• Positive Sentiment: Analysts and market commentary note Deere is breaking above a key technical level as the stock extends its recent rally, reinforcing momentum buying. Bellwether Stock Surges Above Key Level. Trump Is Why.
• Neutral Sentiment: One article questions whether Deere’s strong year-to-date rally has already priced in much of the good news, suggesting valuation could limit further upside if fundamentals do not keep pace. Is It Time To Reassess Deere (DE) After Its Strong Year To Date Rally?

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.