Clearstead Advisors LLC Sells 2,255 Shares of Deere & Company $DE

Clearstead Advisors LLC decreased its stake in shares of Deere & Company (NYSE:DE) by 11.1% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 18,110 shares of the industrial products company’s stock after selling 2,255 shares during the quarter. Clearstead Advisors LLC’s holdings in Deere & Company were worth $8,281,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in DE. Brighton Jones LLC grew its holdings in shares of Deere & Company by 39.1% during the 4th quarter. Brighton Jones LLC now owns 4,548 shares of the industrial products company’s stock worth $1,927,000 after purchasing an additional 1,278 shares in the last quarter. Schnieders Capital Management LLC. raised its stake in shares of Deere & Company by 7.8% in the second quarter. Schnieders Capital Management LLC. now owns 2,076 shares of the industrial products company’s stock valued at $1,056,000 after purchasing an additional 150 shares in the last quarter. Strategic Blueprint LLC lifted its position in Deere & Company by 32.3% in the second quarter. Strategic Blueprint LLC now owns 627 shares of the industrial products company’s stock worth $319,000 after purchasing an additional 153 shares during the period. Oppenheimer Asset Management Inc. boosted its stake in Deere & Company by 1.8% during the second quarter. Oppenheimer Asset Management Inc. now owns 16,763 shares of the industrial products company’s stock worth $8,524,000 after buying an additional 295 shares in the last quarter. Finally, Wealthfront Advisers LLC increased its holdings in Deere & Company by 11.4% in the 2nd quarter. Wealthfront Advisers LLC now owns 34,085 shares of the industrial products company’s stock valued at $17,332,000 after buying an additional 3,482 shares during the period. Institutional investors own 68.58% of the company’s stock.

Deere & Company Stock Performance

NYSE DE opened at $646.61 on Tuesday. The firm has a market cap of $175.28 billion, a price-to-earnings ratio of 36.45, a PEG ratio of 2.64 and a beta of 1.02. The company has a 50 day moving average of $525.73 and a 200-day moving average of $492.00. The company has a current ratio of 2.21, a quick ratio of 1.96 and a debt-to-equity ratio of 1.59. Deere & Company has a 1-year low of $404.42 and a 1-year high of $674.19.

Deere & Company (NYSE:DE) last posted its earnings results on Thursday, February 19th. The industrial products company reported $2.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.90 by $0.52. The company had revenue of $9.61 billion during 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%. Deere & Company’s quarterly revenue was up 17.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.19 earnings per share. On average, equities analysts forecast that Deere & Company will post 19.32 earnings per share for the current fiscal year.

Deere & Company Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, February 9th. Shareholders of record on Wednesday, December 31st were paid a $1.62 dividend. The ex-dividend date of this dividend was Wednesday, December 31st. This represents a $6.48 dividend on an annualized basis and a yield of 1.0%. Deere & Company’s payout ratio is currently 36.53%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. BMO Capital Markets raised their price objective on shares of Deere & Company from $460.00 to $500.00 and gave the stock a “market perform” rating in a report on Friday. Morgan Stanley increased their price target on shares of Deere & Company from $560.00 to $730.00 and gave the stock an “overweight” rating in a research report on Monday. Oppenheimer reaffirmed an “outperform” rating and set a $715.00 price objective on shares of Deere & Company in a report on Friday. Wells Fargo & Company upped their price objective on Deere & Company from $543.00 to $750.00 and gave the company an “overweight” rating in a research note on Friday. Finally, Citigroup increased their target price on Deere & Company from $515.00 to $675.00 and gave the stock a “neutral” rating in a report on Monday. Fifteen research 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. Based on data from MarketBeat, Deere & Company currently has an average rating of “Moderate Buy” and an average target price of $637.70.

Deere & Company News Roundup

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

• Positive Sentiment: Morgan Stanley raised its price target sharply to $730 and maintained an Overweight, one of several recent target increases that support a higher-through-cycle valuation for Deere. Morgan Stanley raises DE target
• Positive Sentiment: Multiple firms have raised price targets (examples: $793, $775, $750, $736 and $615 in recent notes), reflecting analyst views that Deere’s Q1 beat and raised guidance justify higher through‑cycle earnings and price targets. Sample price target raise
• Positive Sentiment: Analysts and models are rerating Deere after a strong Q1 (revenue and EPS beat plus raised guidance), with some fair‑value estimates moving materially higher—this underpins the bullish thesis for longer‑term earnings power. Narrative shift after Q1
• Positive Sentiment: Bayer and John Deere announced tighter integration between FieldView and Operations Center to streamline prescription-to-execution workflows for U.S. farmers — a product/partnership win that could improve product stickiness and services revenue. Bayer partnership
• Neutral Sentiment: Deere is drawing heavy retail and institutional attention (high search/coverage), which increases intraday volatility as investors digest conflicting analyst views. Watch volume and short‑term news flow. Zacks investor attention
• Negative Sentiment: Jefferies downgraded Deere to Underperform/Sell, arguing the stock already prices in a full farm cycle recovery while U.S. farm incomes remain under pressure — that bearish call is a primary driver of near‑term selling pressure and increased debate about valuation. Jefferies downgrade

Insider Buying and Selling at Deere & Company

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

Deere & Company Profile

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.