Deere & Company $DE Shares Sold by Diamond Hill Capital Management Inc.

Diamond Hill Capital Management Inc. reduced its position in shares of Deere & Company (NYSE:DE) by 1.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 422,819 shares of the industrial products company’s stock after selling 5,952 shares during the quarter. Diamond Hill Capital Management Inc.’s holdings in Deere & Company were worth $193,338,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Norges Bank acquired a new stake in shares of Deere & Company in the second quarter valued at approximately $1,578,243,000. Marshall Wace LLP raised its holdings in Deere & Company by 573.9% in the 2nd quarter. Marshall Wace LLP now owns 842,882 shares of the industrial products company’s stock valued at $428,597,000 after buying an additional 717,808 shares during the period. TD Asset Management Inc boosted its holdings in Deere & Company by 132.0% during the 2nd quarter. TD Asset Management Inc now owns 721,638 shares of the industrial products company’s stock valued at $366,946,000 after acquiring an additional 410,636 shares during the period. Laurel Wealth Advisors LLC grew its stake in Deere & Company by 50,691.9% during the 2nd quarter. Laurel Wealth Advisors LLC now owns 332,179 shares of the industrial products company’s stock worth $168,910,000 after purchasing an additional 331,525 shares in the last quarter. Finally, Vanguard Group Inc. increased its holdings in Deere & Company by 1.4% during the 2nd quarter. Vanguard Group Inc. now owns 22,372,671 shares of the industrial products company’s stock worth $11,376,279,000 after purchasing an additional 309,081 shares during the period. Hedge funds and other institutional investors own 68.58% of the company’s stock.

Wall Street Analyst Weigh In

DE has been the topic of a number of recent analyst reports. BMO Capital Markets reiterated a “market perform” rating and issued a $460.00 price objective on shares of Deere & Company in a report on Tuesday, December 9th. Jefferies Financial Group upped their price objective on shares of Deere & Company from $440.00 to $475.00 and gave the company a “hold” rating in a research note on Tuesday, December 9th. Sanford C. Bernstein reissued a “market perform” rating on shares of Deere & Company in a report on Tuesday, December 9th. Wells Fargo & Company initiated coverage on Deere & Company in a research note on Thursday, November 13th. They set an “overweight” rating and a $543.00 price target on the stock. Finally, Wall Street Zen raised Deere & Company from a “sell” rating to a “hold” rating in a research report on Saturday. Fifteen equities research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $524.20.

Insider Buying and Selling at Deere & Company

In related news, insider Cory J. Reed sold 12,000 shares of the stock in a transaction that occurred on Wednesday, January 14th. The stock was sold at an average price of $510.00, for a total transaction of $6,120,000.00. Following the completion of the sale, the insider owned 20,792 shares in the company, valued at $10,603,920. This represents a 36.59% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO John C. May II sold 41,472 shares of Deere & Company stock in a transaction that occurred on Thursday, January 8th. The shares were sold at an average price of $501.49, for a total value of $20,797,793.28. Following the sale, 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 ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 64,578 shares of company stock valued at $32,471,682. Corporate insiders own 0.29% of the company’s stock.

Key Deere & Company News

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

• Positive Sentiment: Deere announced two new U.S. manufacturing facilities, expanding domestic capacity and supply-chain flexibility to support rising demand for ag and construction equipment — a clear long-term revenue/capacity positive. John Deere Expands US Manufacturing with Two New Facilities
• Positive Sentiment: Deere is investing $30M in Seeding Works, its oldest factory, signaling targeted capex to modernize production and preserve manufacturing footprint — supportive for supply reliability and investor confidence. Deere invests $30M in Seeding Works, company’s oldest factory
• Positive Sentiment: DE hit an all-time high, reflecting strong momentum and buyer demand; technicals and price leadership often attract momentum and institutional flows. Deere and Company stock hits all-time high
• Positive Sentiment: Investor’s Business Daily reports Deere received an RS (relative strength) rating lift — a technical upgrade that can pull in momentum-focused investors and ETFs. Farm Machinery Deere Stock Gets RS Rating Lift
• Positive Sentiment: Coverage on Deere’s push into autonomous/self-driving tractors and “backdoor” AI exposure highlights a high-growth optionality for future margins and recurring software/services revenue. This “Backdoor” AI Stock Is Betting Big on … Self-Driving Tractors?!
• Positive Sentiment: Zacks notes last session’s share jump (up ~4.1%) on above-average volume and favorable earnings-estimate revision trends, suggesting analysts and traders are becoming more bullish. Deere (DE) Soars 4.1%: Is Further Upside Left in the Stock?
• Neutral Sentiment: Zacks published a “what to know” piece explaining why DE is a trending name — useful context for retail interest but not a direct fundamental catalyst. Here is What to Know Beyond Why Deere & Company (DE) is a Trending Stock
• Neutral Sentiment: Deere is expected to report quarterly earnings soon — the report is a potential near-term catalyst that could reinforce the rally or trigger consolidation depending on guidance and margins. Deere & Company (DE) Expected to Announce Quarterly Earnings on Thursday
• Neutral Sentiment: The EPA’s response to Deere’s request on farmers’ right-to-repair is in the news; regulatory outcomes create uncertainty around end-customer relations and aftermarket service models but the present impact remains unclear. EPA responds to John Deere’s request on farmers’ right to repair nonroad diesel equipment

Deere & Company Price Performance

DE stock opened at $583.66 on Friday. Deere & Company has a 12-month low of $404.42 and a 12-month high of $584.06. The company has a market cap of $158.21 billion, a price-to-earnings ratio of 31.53, a PEG ratio of 2.33 and a beta of 1.02. The firm has a 50 day moving average of $495.23 and a 200-day moving average of $484.31. The company has a current ratio of 2.22, a quick ratio of 2.01 and a debt-to-equity ratio of 1.68.

Deere & Company (NYSE:DE) last announced its quarterly earnings results on Wednesday, November 26th. The industrial products company reported $3.93 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.96 by ($0.03). The business had revenue of $12.39 billion during the quarter, compared to analysts’ expectations of $9.77 billion. Deere & Company had a net margin of 11.00% and a return on equity of 20.54%. The firm’s revenue for the quarter was up 14.1% on a year-over-year basis. During the same period last year, the company earned $4.55 EPS. As a group, equities analysts expect that Deere & Company will post 19.32 EPS for the current fiscal year.

Deere & Company Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, February 9th. Shareholders of record on Wednesday, December 31st will be paid a $1.62 dividend. This represents a $6.48 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date is Wednesday, December 31st. Deere & Company’s dividend payout ratio (DPR) is presently 35.01%.

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.