Eldred Rock Partners LLC Acquires New Position in Deere & Company $DE

Eldred Rock Partners LLC bought a new position in shares of Deere & Company (NYSE:DE) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 28,279 shares of the industrial products company’s stock, valued at approximately $13,166,000. Deere & Company accounts for 3.4% of Eldred Rock Partners LLC’s holdings, making the stock its 13th biggest holding.

Other hedge funds also recently added to or reduced their stakes in the company. Strategic Advocates LLC acquired a new stake in shares of Deere & Company during the 3rd quarter valued at approximately $25,000. Howard Hughes Medical Institute purchased a new stake in Deere & Company during the second quarter worth $27,000. Activest Wealth Management boosted its position in Deere & Company by 69.2% during the third quarter. Activest Wealth Management now owns 66 shares of the industrial products company’s stock worth $30,000 after purchasing an additional 27 shares in the last quarter. Wealth Watch Advisors INC acquired a new stake in Deere & Company in the third quarter valued at $32,000. Finally, United Community Bank grew its holdings in Deere & Company by 67.3% in the third quarter. United Community Bank now owns 92 shares of the industrial products company’s stock valued at $42,000 after purchasing an additional 37 shares during the last quarter. 68.58% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have recently issued reports on DE. Wolfe Research lifted their price target on Deere & Company from $550.00 to $660.00 and gave the stock an “outperform” rating in a research note on Tuesday. BMO Capital Markets increased their price objective on shares of Deere & Company from $460.00 to $500.00 and gave the company a “market perform” rating in a research note on Friday, February 20th. Raymond James Financial restated an “outperform” rating and set a $765.00 target price on shares of Deere & Company in a report on Monday, February 23rd. Argus lifted their target price on shares of Deere & Company from $540.00 to $700.00 and gave the stock a “buy” rating in a research report on Tuesday, March 3rd. Finally, Truist Financial upped their price target on shares of Deere & Company from $612.00 to $793.00 and gave the company a “buy” rating in a report on Friday, February 20th. Sixteen investment 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’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $650.95.

Deere & Company Stock Up 0.8%

Shares of NYSE:DE opened at $575.49 on Friday. The company has a quick ratio of 1.96, a current ratio of 2.21 and a debt-to-equity ratio of 1.59. The company has a market capitalization of $155.45 billion, a P/E ratio of 32.44, a P/E/G ratio of 2.00 and a beta of 0.98. Deere & Company has a 52-week low of $404.42 and a 52-week high of $674.19. The stock’s fifty day simple moving average is $583.51 and its 200-day simple moving average is $511.93.

Deere & Company (NYSE:DE) last posted its quarterly earnings data 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 return on equity of 18.93% and a net margin of 10.29%.The firm had revenue of $9.61 billion during the quarter, compared to analysts’ expectations of $7.50 billion. During the same quarter last year, the business posted $3.19 EPS. The firm’s quarterly revenue was up 17.5% compared to the same quarter last year. As a group, equities research analysts forecast that Deere & Company will post 19.32 earnings per share for the current fiscal year.

Deere & Company Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 8th. Stockholders of record on Tuesday, March 31st will be issued a dividend of $1.62 per share. The ex-dividend date 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 36.53%.

Insider Buying and Selling

In other news, 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 owned 20,792 shares of the company’s stock, valued at $10,603,920. The trade was a 36.59% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO John C. May II sold 41,472 shares of the company’s stock in a transaction that occurred on Thursday, January 8th. The shares were sold at an average price of $501.49, for a total transaction of $20,797,793.28. Following the transaction, the chief executive officer directly owned 117,970 shares in the company, valued at $59,160,775.30. The trade was a 26.01% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 0.29% of the company’s stock.

Key Headlines Impacting Deere & Company

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

• Positive Sentiment: Wolfe Research raised its price target to $660 and maintained an “outperform” rating, signaling stronger earnings/volume expectations that support upside for DE. Wolfe Research PT Raise
• Positive Sentiment: Barclays lifted its target to $640 and kept an “overweight” rating — another institutional vote of confidence that likely helped buying interest. Barclays PT Raise
• Positive Sentiment: Deere announced a marketing/partnership initiative with Major League Baseball, which can boost brand visibility and aftermarket demand over time. John Deere MLB Partnership
• Positive Sentiment: John Deere opened a Central Texas testing facility for new farming technology — a sign of continued investment in precision/ag tech that supports medium‑term revenue and margin expansion. Central Texas Facility
• Neutral Sentiment: Coverage pieces highlight Deere’s leadership in precision farming and its Russell 1000 positioning — positive for narrative but not immediate price catalysts. Precision Farming Coverage
• Neutral Sentiment: A MarketWatch note said the stock rose but still underperformed the broader market — context for relative performance but not a directional catalyst. MarketWatch Note
• Neutral Sentiment: A small‑cap TSXV company (Decisive Dividend Corporation, ticker DE on TSXV) closed a private placement — unrelated ticker noise that can cause confusion in scanners but does not affect Deere & Company. Decisive Dividend Private Placement
• Negative Sentiment: Robert W. Baird cut its price target from $675 to $580 and moved to “neutral,” reducing an optimistic view and trimming expected upside for some investors. Baird PT Cut
• Negative Sentiment: Ongoing U.S. political discussion about tariffs on heavy machinery imported from Mexico poses a regulatory/supply‑chain risk that could increase costs or disrupt production plans if enacted. Tariff Risk Article

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.