AIA Group Ltd trimmed its position in Deere & Company (NYSE:DE – Free Report) by 45.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 34,864 shares of the industrial products company’s stock after selling 28,906 shares during the quarter. AIA Group Ltd’s holdings in Deere & Company were worth $15,942,000 at the end of the most recent reporting period.
Other institutional investors have also added to or reduced their stakes in the company. State Street Corp raised its holdings in shares of Deere & Company by 0.6% during the 2nd quarter. State Street Corp now owns 10,386,268 shares of the industrial products company’s stock worth $5,297,913,000 after buying an additional 64,262 shares in the last quarter. Capital World Investors boosted its stake in Deere & Company by 5.5% in the third quarter. Capital World Investors now owns 6,233,740 shares of the industrial products company’s stock valued at $2,850,687,000 after buying an additional 322,582 shares in the last quarter. Norges Bank acquired a new stake in Deere & Company in the second quarter valued at about $1,578,243,000. Fisher Asset Management LLC grew its position in Deere & Company by 5.5% in the third quarter. Fisher Asset Management LLC now owns 2,722,018 shares of the industrial products company’s stock valued at $1,244,670,000 after acquiring an additional 141,790 shares during the last quarter. Finally, Invesco Ltd. raised its stake in Deere & Company by 21.7% during the third quarter. Invesco Ltd. now owns 1,815,007 shares of the industrial products company’s stock worth $829,930,000 after acquiring an additional 323,512 shares in the last quarter. 68.58% of the stock is currently owned by institutional investors and hedge funds.
Insiders Place Their Bets
In related news, CEO John C. May II sold 41,472 shares of the stock in a transaction on 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 completion of the sale, the chief executive officer directly owned 117,970 shares in the company, valued at $59,160,775.30. This represents a 26.01% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Cory J. Reed sold 12,000 shares of the firm’s stock in a transaction on Wednesday, January 14th. The stock was sold at an average price of $510.00, for a total value of $6,120,000.00. Following the transaction, the insider directly owned 20,792 shares of the company’s stock, valued at approximately $10,603,920. This represents a 36.59% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.29% of the stock is currently owned by insiders.
Deere & Company Stock Performance
Deere & Company (NYSE:DE – Get Free Report) last issued its quarterly earnings data 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. Deere & Company had a net margin of 10.29% and a return on equity of 18.93%. The business had revenue of $9.61 billion during the quarter, compared to analyst estimates of $7.50 billion. During the same quarter last year, the business earned $3.19 EPS. The firm’s quarterly revenue was up 17.5% on a year-over-year basis. Equities research analysts anticipate that Deere & Company will post 19.32 earnings per share for the current year.
Deere & Company Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, May 8th. Stockholders of record on Tuesday, March 31st will be paid a dividend of $1.62 per share. The ex-dividend date of this dividend is Tuesday, March 31st. This represents a $6.48 annualized dividend and a dividend yield of 1.1%. Deere & Company’s dividend payout ratio (DPR) is presently 36.53%.
Analysts Set New Price Targets
A number of research analysts have recently commented on DE shares. Evercore reissued a “positive” rating on shares of Deere & Company in a report on Friday, November 28th. Truist Financial upped their price objective on shares of Deere & Company from $612.00 to $793.00 and gave the stock a “buy” rating in a research report on Friday, February 20th. Oppenheimer reissued an “outperform” rating and issued a $715.00 price objective on shares of Deere & Company in a research note on Friday, February 20th. Sanford C. Bernstein raised their target price on shares of Deere & Company from $521.00 to $615.00 and gave the company a “market perform” rating in a research report on Friday, February 20th. Finally, Royal Bank Of Canada boosted their target price on shares of Deere & Company from $541.00 to $736.00 and gave the stock an “outperform” rating in a research note on Friday, February 20th. Sixteen research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $644.70.
Read Our Latest Research Report on DE
Trending Headlines about Deere & Company
Here are the key news stories impacting Deere & Company this week:
- Positive Sentiment: Order-flow bullishness: A Power Inflow / trading-signal alert flagged strong institutional/retail order flow at roughly $564, which coincided with a >2% intraday bounce — a short-term technical catalyst that can attract momentum traders. Deere Shares Rise Over 2% After Key Trading Signal
- Positive Sentiment: Policy tailwind: Progress on a new farm bill in Congress could boost long-term ag spending and agri‑tech investment, supporting equipment demand and Deere’s end markets over the next several years. Farm Bill Providing Big Boost to Agri-Tech Gains Momentum in Congress
- Neutral Sentiment: Investor attention / watchlist interest: Zacks notes rising interest in DE among its users and flags the key fundamentals to monitor (demand, commodity & crop economics, supply chain, margins), which could amplify volatility as news arrives. Deere & Company (DE) is Attracting Investor Attention: Here is What You Should Know
- Neutral Sentiment: Competitive/relative view: Recent comparisons between Deere and AGCO highlight mixed industry dynamics — growth and margin differences and strategy shifts — which will shape relative valuation and investor preference within the sector. Deere vs. AGCO Corp: Which Farm Equipment Stock Is the Better Buy Now?
- Negative Sentiment: Short-term pullback and valuation questions: Coverage notes a recent weekly/month decline and calls attention to valuation signals after the share price pullback — a reminder that despite strong recent multi‑quarter returns and solid earnings beats, some investors see less near-term upside until clarity on demand and margins returns. Assessing Deere (DE) Valuation After Recent Share Price Pullback And Undervaluation Signals
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.
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