CIBC Private Wealth Group LLC Sells 1,372 Shares of Deere & Company $DE

CIBC Private Wealth Group LLC trimmed its holdings in shares of Deere & Company (NYSE:DE) by 5.0% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 25,979 shares of the industrial products company’s stock after selling 1,372 shares during the period. CIBC Private Wealth Group LLC’s holdings in Deere & Company were worth $11,879,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of DE. Brighton Jones LLC grew its stake in shares of Deere & Company by 39.1% in the fourth quarter. Brighton Jones LLC now owns 4,548 shares of the industrial products company’s stock worth $1,927,000 after acquiring an additional 1,278 shares during the period. Schnieders Capital Management LLC. raised its holdings in shares of Deere & Company by 7.8% during 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 during the last quarter. Empowered Funds LLC lifted its position in Deere & Company by 10.4% during the second quarter. Empowered Funds LLC now owns 18,145 shares of the industrial products company’s stock valued at $9,227,000 after purchasing an additional 1,711 shares during the period. Perennial Investment Advisors LLC bought a new position in Deere & Company during the second quarter valued at approximately $257,000. Finally, Traub Capital Management LLC bought a new stake in Deere & Company in the 2nd quarter worth approximately $131,000. Institutional investors own 68.58% of the company’s stock.

Deere & Company News Summary

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

• Positive Sentiment: Recent fundamental strength: Deere’s operational momentum remains a tailwind — the company has shown strong revenue growth and past earnings beats, supporting medium-term fundamentals and analyst earnings power. (Background earnings and analyst estimates point to solid profitability and a multi-year growth profile.)
• Positive Sentiment: Potential macro catalyst — a new Farm Bill gaining momentum in Congress could increase federal support for agriculture and agri‑tech, which would be a structural tailwind for equipment demand and Deere’s long-term outlook. Farm Bill Providing Big Boost to Agri-Tech Gains Momentum in Congress
• Positive Sentiment: Technical/flow-based buying recently showed strength — a Power Inflow/order-flow signal on 3/18 triggered a >2% intraday rise, indicating institutional/retail demand can spark short-term rallies. Deere Shares Rise Over 2% After Key Trading Signal
• Neutral Sentiment: Investor attention and analyst writeups: Deere is getting increased coverage and screening interest; research pieces compare Deere with peers (AGCO) on growth, margins and valuation — useful for relative-value decisions but not an immediate directional driver. Deere & Company (DE) is Attracting Investor Attention: Here is What You Should Know
• Neutral Sentiment: Peer comparison: Recent articles contrast Deere vs. AGCO to weigh growth, margins and strategy — useful for portfolio allocation but highlights mixed positioning across the sector. Deere vs. AGCO Corp: Which Farm Equipment Stock Is the Better Buy Now?
• Negative Sentiment: Near-term pullback and valuation chatter: Analysts and screens note a short-term price pullback and mixed weekly/monthly returns; some investors point to elevated multiples (P/E near ~32, PEG ~2) as a reason for profit‑taking after strong multi‑year gains. Assessing Deere (DE) Valuation After Recent Share Price Pullback And Undervaluation Signals

Analyst Ratings Changes

A number of brokerages have weighed in on DE. Robert W. Baird boosted their target price on shares of Deere & Company from $467.00 to $675.00 and gave the company a “neutral” rating in a research note on Friday, February 20th. Truist Financial raised their price target on Deere & Company from $612.00 to $793.00 and gave the stock a “buy” rating in a research note on Friday, February 20th. Wells Fargo & Company lifted their price objective on Deere & Company from $543.00 to $750.00 and gave the stock an “overweight” rating in a report on Friday, February 20th. Evercore reissued a “positive” rating on shares of Deere & Company in a report on Friday, November 28th. Finally, Jefferies Financial Group cut Deere & Company from a “hold” rating to an “underperform” rating and raised their target price for the stock from $475.00 to $550.00 in a research report on Monday, February 23rd. Sixteen equities 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. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $644.70.

Insiders Place Their Bets

In other Deere & Company 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 owned 117,970 shares in the company, valued at approximately $59,160,775.30. This represents a 26.01% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Cory J. Reed sold 12,000 shares of the firm’s 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 sale, the insider directly owned 20,792 shares in the company, valued at approximately $10,603,920. This represents a 36.59% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.29% of the stock is currently owned by insiders.

Deere & Company Trading Down 0.7%

Shares of NYSE:DE opened at $566.92 on Friday. The stock has a 50 day moving average of $571.33 and a 200 day moving average of $505.28. The company has a market cap of $153.13 billion, a PE ratio of 31.96, a price-to-earnings-growth ratio of 2.00 and a beta of 0.96. Deere & Company has a 12-month low of $404.42 and a 12-month high of $674.19. 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 (NYSE:DE) last released 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. Deere & Company had a net margin of 10.29% and a return on equity of 18.93%. The company had revenue of $9.61 billion for the quarter, compared to analysts’ expectations of $7.50 billion. During the same quarter last year, the business earned $3.19 EPS. The firm’s revenue was up 17.5% compared to the same quarter last year. As a group, equities research analysts expect that Deere & Company will post 19.32 EPS for the current year.

Deere & Company Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 8th. Stockholders of record on Tuesday, March 31st will be given a dividend of $1.62 per share. This represents a $6.48 annualized dividend and a dividend yield of 1.1%. The ex-dividend date is Tuesday, March 31st. Deere & Company’s dividend payout ratio (DPR) is presently 36.53%.

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.