Deere & Company $DE Shares Sold by ABN AMRO Bank N.V.

ABN AMRO Bank N.V. lowered its stake in shares of Deere & Company (NYSE:DE) by 2.4% during the first quarter, Holdings Channel reports. The institutional investor owned 34,489 shares of the industrial products company’s stock after selling 835 shares during the period. ABN AMRO Bank N.V.’s holdings in Deere & Company were worth $19,646,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in DE. FLP Wealth Management LLC purchased a new position in shares of Deere & Company in the first quarter valued at $1,587,000. Cambient Family Office LLC raised its position in Deere & Company by 4.6% during the first quarter. Cambient Family Office LLC now owns 16,630 shares of the industrial products company’s stock worth $9,395,000 after acquiring an additional 732 shares during the last quarter. Value Partners Investments Inc. raised its position in Deere & Company by 12.6% during the first quarter. Value Partners Investments Inc. now owns 2,345 shares of the industrial products company’s stock worth $1,321,000 after acquiring an additional 263 shares during the last quarter. Lewis Asset Management LLC purchased a new stake in shares of Deere & Company in the first quarter valued at about $250,000. Finally, Venturi Wealth Management LLC lifted its holdings in shares of Deere & Company by 26.4% in the first quarter. Venturi Wealth Management LLC now owns 976 shares of the industrial products company’s stock valued at $550,000 after purchasing an additional 204 shares in the last quarter. 68.58% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

DE has been the subject of a number of recent research reports. DA Davidson dropped their price objective on shares of Deere & Company from $775.00 to $685.00 and set a “buy” rating for the company in a research note on Friday, May 22nd. Oppenheimer reaffirmed an “outperform” rating and issued a $680.00 target price (down from $715.00) on shares of Deere & Company in a research note on Wednesday, May 27th. Weiss Ratings upgraded Deere & Company from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday, May 21st. Truist Financial dropped their price target on Deere & Company from $793.00 to $759.00 and set a “buy” rating for the company in a research report on Tuesday, May 26th. Finally, JPMorgan Chase & Co. boosted their price target on Deere & Company from $560.00 to $590.00 and gave the stock a “neutral” rating in a report on Thursday, June 4th. Fourteen investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. According to MarketBeat.com, Deere & Company has an average rating of “Moderate Buy” and a consensus target price of $639.58.

Deere & Company Price Performance

Deere & Company stock opened at $613.45 on Friday. Deere & Company has a 1 year low of $433.00 and a 1 year high of $674.19. The firm has a 50 day moving average price of $574.51 and a 200 day moving average price of $557.28. The company has a market cap of $165.59 billion, a price-to-earnings ratio of 34.76, a PEG ratio of 2.27 and a beta of 0.92. The company has a debt-to-equity ratio of 1.54, a quick ratio of 1.95 and a current ratio of 2.18.

Deere & Company (NYSE:DE) last posted its quarterly earnings results on Thursday, May 21st. The industrial products company reported $6.55 earnings per share 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 company had revenue of $13.37 billion for the quarter, compared to the consensus estimate of $11.55 billion. During the same quarter last year, the firm posted $6.64 earnings per share. Deere & Company’s revenue was up 5.4% on a year-over-year basis. Sell-side analysts predict that Deere & Company will post 18.13 earnings per share for the current year.

Deere & Company Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, August 10th. Shareholders of record on Tuesday, June 30th will be given a dividend of $1.62 per share. 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 36.71%.

More Deere & Company News

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

• Positive Sentiment: Deere raised full-year net income guidance, expanded its share repurchase program, and highlighted AI-enabled efficiency investments, all of which support the case for stronger margins and shareholder returns. Deere (DE) Is Up 7.0% After Raising Guidance, Expanding Buybacks And Highlighting AI Efficiency Investments
• Positive Sentiment: RBC Capital and Freedom Broker raised price targets on Deere after strong quarterly earnings, signaling Wall Street sees continued upside following the company’s latest results. RBC Capital and Freedom Broker Raise Price Targets on Deere (DE) After Strong Quarterly Earnings
• Positive Sentiment: Deere continues to be viewed as a long-term winner in agtech, robotics, and automation, reinforcing the investment case for its precision-farming and technology-driven business model. Is Deere & Co. (DE) Amongst the Best Robotics and Automation Stocks to Look at
• Neutral Sentiment: Deere and other ag-related companies are being highlighted in articles about agtech and food innovation, which supports the long-term theme but does not appear to be a direct stock-moving catalyst. 3 AgTech & Food Innovation Stocks Driving Agriculture’s Future
• Neutral Sentiment: Some commentary suggests Deere may be near an agricultural-cycle bottom in 2026, which could eventually help the stock if farm conditions improve, but that recovery is still forward-looking. Deere Expects 2026 to Mark the Bottom of the Agriculture Cycle, RBC Says
• Negative Sentiment: Near-term sentiment is being capped by concerns that Deere’s agriculture business is still working through a cyclical downturn, even as investors look for signs that demand has stabilized. How CAT Stock Doubles Again To Reach $2,000

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.