Banque Pictet & Cie SA Has $35.79 Million Stake in Deere & Company $DE

Banque Pictet & Cie SA lifted its stake in Deere & Company (NYSE:DE) by 1.8% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 76,867 shares of the industrial products company’s stock after acquiring an additional 1,362 shares during the period. Banque Pictet & Cie SA’s holdings in Deere & Company were worth $35,787,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Bouchey Financial Group Ltd grew its holdings in Deere & Company by 4.4% during the third quarter. Bouchey Financial Group Ltd now owns 500 shares of the industrial products company’s stock valued at $229,000 after purchasing an additional 21 shares during the last quarter. Silvant Capital Management LLC lifted its stake in shares of Deere & Company by 0.5% in the third quarter. Silvant Capital Management LLC now owns 4,449 shares of the industrial products company’s stock worth $2,034,000 after buying an additional 21 shares during the last quarter. Blue Chip Partners LLC lifted its stake in shares of Deere & Company by 1.4% in the second quarter. Blue Chip Partners LLC now owns 1,574 shares of the industrial products company’s stock worth $801,000 after buying an additional 21 shares during the last quarter. Forefront Wealth Partners LLC boosted its holdings in shares of Deere & Company by 4.1% during the 3rd quarter. Forefront Wealth Partners LLC now owns 564 shares of the industrial products company’s stock worth $258,000 after buying an additional 22 shares during the period. Finally, Romano Brothers AND Company boosted its holdings in shares of Deere & Company by 0.3% during the 4th quarter. Romano Brothers AND Company now owns 7,936 shares of the industrial products company’s stock worth $3,695,000 after buying an additional 22 shares during the period. 68.58% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Deere & Company

In other news, CEO John C. May II sold 41,472 shares of Deere & Company stock in a transaction that occurred on 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 owned 117,970 shares of the company’s stock, valued at approximately $59,160,775.30. This trade represents a 26.01% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Cory J. Reed sold 12,000 shares of the business’s stock in a transaction that occurred on 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 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 disclosure for this sale is available in the SEC filing. Corporate insiders own 0.29% of the company’s stock.

Deere & Company Stock Performance

NYSE DE opened at $572.02 on Thursday. The company’s fifty day moving average is $582.44 and its two-hundred day moving average is $511.48. Deere & Company has a 52-week low of $404.42 and a 52-week high of $674.19. The company has a debt-to-equity ratio of 1.59, a current ratio of 2.21 and a quick ratio of 1.96. The firm has a market capitalization of $154.51 billion, a price-to-earnings ratio of 32.24, a P/E/G ratio of 1.97 and a beta of 0.98.

Deere & Company (NYSE:DE) last announced its quarterly earnings data on Thursday, February 19th. The industrial products company reported $2.42 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 in the prior year, the business earned $3.19 earnings per share. The firm’s revenue for the quarter was up 17.5% on a year-over-year basis. Equities research analysts forecast that Deere & Company will post 19.32 EPS for the current year.

Deere & Company Dividend Announcement

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

Key Stories Impacting Deere & Company

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

• Positive Sentiment: Analyst upgrades — Wolfe Research raised its price target to $660 and kept an “outperform” rating; Barclays lifted its target to $640 and kept an “overweight” rating. These upgrades signal stronger earnings/valuation expectations and likely helped buying interest. Wolfe Research Adjusts PT Barclays Adjusts PT
• Positive Sentiment: Brand & marketing boost — Deere announced a multi-year partnership with Major League Baseball, raising brand visibility across U.S. communities and recreational/municipal channels that could support aftermarket/consumer demand. John Deere Partners with MLB
• Positive Sentiment: Tech investment — Deere opened a Central Texas facility to test new farming technology, underlining continued capex in precision/ag-tech that can drive higher-margin service/software revenue over time. Central Texas Facility
• Positive Sentiment: Industry recognition — Coverage highlights Deere’s role in precision farming and inclusion in investor screens (Russell 1000 attention), which supports longer-term demand narratives. Precision Farming Coverage
• Neutral Sentiment: Market commentary — Deere is a trending stock in retail/institutional scans and analysts debate valuation vs. cyclical outlook; some pieces argue the company is well-positioned but still cyclically sensitive. Zacks Trending Note
• Neutral Sentiment: Short-term price action — Coverage notes the stock rose but still slightly underperformed broader indices recently, reflecting mixed investor views on cyclical recovery timing. MarketWatch Coverage
• Negative Sentiment: Trade/tariff risk — U.S. lawmakers are targeting heavy machinery imported from Mexico; potential tariffs or political pressure on offshoring could raise costs or disrupt supply chains for manufacturers in the sector. Tariff Risk Article
• Negative Sentiment: Input-cost concerns — Analyst/commentary pieces warn that rising fertilizer and input prices could pressure farmer margins and equipment demand, a key downside risk for Deere’s sales cycle. Fertilizer Cost Risk

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on DE shares. Sanford C. Bernstein upped their price target on shares of Deere & Company from $521.00 to $615.00 and gave the company a “market perform” rating in a report on Friday, February 20th. Barclays lifted their price objective on Deere & Company from $530.00 to $640.00 and gave the stock an “overweight” rating in a research note on Tuesday. Truist Financial increased their target price on Deere & Company from $612.00 to $793.00 and gave the company a “buy” rating in a research note on Friday, February 20th. UBS Group raised their target price on Deere & Company from $535.00 to $775.00 and gave the company a “buy” rating in a report on Friday, February 20th. Finally, Zacks Research raised Deere & Company from a “strong sell” rating to a “hold” rating in a research report on Wednesday, December 3rd. Sixteen equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Deere & Company presently has a consensus rating of “Moderate Buy” and a consensus target price of $655.70.

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.