Cane Capital Partners LLC Takes $4.24 Million Position in Deere & Company $DE

Cane Capital Partners LLC bought a new position in shares of Deere & Company (NYSE:DE) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 9,111 shares of the industrial products company’s stock, valued at approximately $4,242,000. Deere & Company makes up approximately 1.7% of Cane Capital Partners LLC’s portfolio, making the stock its 15th largest position.

Several other hedge funds and other institutional investors have also made changes to their positions in DE. Van ECK Associates Corp raised its position in shares of Deere & Company by 278.0% during the 3rd quarter. Van ECK Associates Corp now owns 487,697 shares of the industrial products company’s stock worth $223,005,000 after acquiring an additional 358,687 shares in the last quarter. Invesco Ltd. increased its position 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 buying an additional 323,512 shares during the period. Capital World Investors increased its position in Deere & Company by 5.5% during the third quarter. Capital World Investors now owns 6,233,740 shares of the industrial products company’s stock worth $2,850,687,000 after buying an additional 322,582 shares during the period. Two Sigma Investments LP acquired a new position in Deere & Company during the third quarter worth approximately $143,519,000. Finally, Nordea Investment Management AB increased its position in Deere & Company by 71.4% during the third quarter. Nordea Investment Management AB now owns 531,807 shares of the industrial products company’s stock worth $242,834,000 after buying an additional 221,456 shares during the period. Institutional investors and hedge funds own 68.58% of the company’s stock.

Deere & Company Trading Down 0.0%

NYSE:DE opened at $575.01 on Wednesday. The firm has a market cap of $155.32 billion, a P/E ratio of 32.41, a PEG ratio of 2.01 and a beta of 0.98. The company has a current ratio of 2.21, a quick ratio of 1.96 and a debt-to-equity ratio of 1.59. The stock’s 50 day simple moving average is $586.99 and its 200-day simple moving average is $514.72. Deere & Company has a 12-month low of $404.42 and a 12-month high of $674.19.

Deere & Company (NYSE:DE) last released 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 business had revenue of $9.61 billion for the quarter, compared to analyst estimates of $7.50 billion. Deere & Company had a return on equity of 18.93% and a net margin of 10.29%.The company’s revenue for the quarter 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. Equities analysts anticipate that Deere & Company will post 19.32 EPS for the current year.

Deere & Company Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 8th. Stockholders of record on Tuesday, March 31st will be issued a $1.62 dividend. The ex-dividend date of this dividend is Tuesday, March 31st. This represents a $6.48 dividend on an annualized basis and a dividend yield of 1.1%. Deere & Company’s payout ratio is presently 36.53%.

Insider Buying and Selling

In other news, CEO John C. May II sold 41,472 shares of the business’s stock in a transaction that occurred 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 transaction, the chief executive officer owned 117,970 shares of the company’s stock, valued at approximately $59,160,775.30. The trade was a 26.01% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 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 completion of the transaction, the insider directly owned 20,792 shares in the company, valued at approximately $10,603,920. The trade was a 36.59% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 0.29% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have commented on DE shares. Morgan Stanley lifted their price target on Deere & Company from $560.00 to $730.00 and gave the stock an “overweight” rating in a research report on Monday, February 23rd. Sanford C. Bernstein lifted their price target on Deere & Company from $521.00 to $615.00 and gave the stock a “market perform” rating in a research report on Friday, February 20th. Oppenheimer reaffirmed an “outperform” rating and set a $715.00 price target on shares of Deere & Company in a research report on Friday, February 20th. Raymond James Financial reaffirmed an “outperform” rating and set a $765.00 price target on shares of Deere & Company in a research report on Monday, February 23rd. Finally, Royal Bank Of Canada lifted their price target on Deere & Company from $541.00 to $736.00 and gave the stock an “outperform” rating in a research report on Friday, February 20th. 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 company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $650.95.

More Deere & Company News

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

• Positive Sentiment: Deere reached a settlement that resolves the multidistrict “right to repair” litigation with no finding of wrongdoing, removing a legal overhang that had weighed on investor sentiment. Deere & Company Reaches Settlement in Repair Services Antitrust Litigation
• Positive Sentiment: The settlement includes commitments that expand farmer access to diagnostic/repair tools (reports note a 10‑year access provision), which should help rebuild customer trust and undercut one of the main complaints driving the suits. Deere (DE) Reaches $99M Settlement Over Equipment Repair Restrictions
• Positive Sentiment: Separately, Deere recently reported quarterly results that beat expectations (EPS and revenue ahead), which supports the company’s operational story despite the legal headlines.
• Neutral Sentiment: The monetary settlement is $99 million into a class fund — meaningful to affected customers but relatively small versus Deere’s large market capitalization, so the direct financial hit is limited. Deere & Co agrees to pay $99 million to settle ‘right to repair’ lawsuit
• Negative Sentiment: The Federal Trade Commission matter remains pending, so regulatory risk and potential follow‑on actions are unresolved — the settlement does not fully eliminate legal or reputational risk. Deere (DE) Reaches $99M Settlement Over Equipment Repair Restrictions
• Negative Sentiment: Some stakeholders (independent repair shops, advocacy groups) may remain critical; ongoing public and regulatory scrutiny could limit how quickly reputational damage is repaired. Deere settles US right-to-repair lawsuit with $99 million fund, repair commitments

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.