Carnegie Investment Counsel Boosts Stock Position in Deere & Company $DE

Key Points

• Carnegie Investment Counsel increased its stake in Deere & Company by 11.7% in Q4, now owning 26,601 shares valued at about $12.38 million, with roughly 68.6% of the stock held by institutions.
• Wall Street sentiment is largely positive—multiple firms raised price targets (UBS to $775, Truist to $793) giving an average target of $655.45—and Deere is benefiting from operational tailwinds including roughly 50% order growth tied to data‑center demand and a stabilizing ag cycle.
• Deere beat quarterly estimates (EPS $2.42 vs. $1.90; revenue $9.61B), declared a $1.62 quarterly dividend, but faces a $99M "right‑to‑repair" settlement and recent insider selling that could weigh on sentiment.

Carnegie Investment Counsel grew its holdings in Deere & Company (NYSE:DE - Free Report) by 11.7% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 26,601 shares of the industrial products company's stock after buying an additional 2,778 shares during the quarter. Carnegie Investment Counsel's holdings in Deere & Company were worth $12,384,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Strategic Advocates LLC purchased a new stake in shares of Deere & Company in the third quarter valued at approximately $25,000. Activest Wealth Management increased its position in shares of Deere & Company by 69.2% in the third quarter. Activest Wealth Management now owns 66 shares of the industrial products company's stock valued at $30,000 after buying an additional 27 shares in the last quarter. Wealth Watch Advisors INC purchased a new stake in shares of Deere & Company in the third quarter valued at approximately $32,000. United Community Bank increased its position in shares of 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 buying an additional 37 shares in the last quarter. Finally, GoalVest Advisory LLC increased its position in shares of Deere & Company by 56.7% in the fourth quarter. GoalVest Advisory LLC now owns 94 shares of the industrial products company's stock valued at $44,000 after buying an additional 34 shares in the last quarter. 68.58% of the stock is currently owned by hedge funds and other institutional investors.

More Deere & Company News

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

• Positive Sentiment: Barclays kept an Overweight rating and raised its price target to $640, signaling more upside from current levels as the firm updates machinery-sector expectations. Barclays Maintains an Overweight Rating on Deere & Company (DE)
• Positive Sentiment: An analyst raised Deere’s FY2026 EPS forecast, reflecting stronger forward earnings visibility which supports longer-term valuation. FY2026 EPS Forecast for Deere & Company Lifted by Analyst
• Positive Sentiment: Operational tailwinds: coverage highlights ~50% order growth tied to data‑center construction demand and signs that the ag cycle is stabilizing — a diversification of end markets that can sustain equipment sales. The Green Machine Finds a Second Gear as AI Data Centers Drive 50% Order Growth
• Neutral Sentiment: Broader coverage pieces note Deere has outperformed the market recently; that momentum supports investor interest but also raises the risk of profit-taking. Deere (DE) Exceeds Market Returns: Some Facts to Consider
• Neutral Sentiment: Jefferies moved its rating to “Hold,” reflecting mixed near-term expectations even as Deere’s fundamentals remain solid. Deere & Company Raised to "Hold" at Jefferies Financial Group
• Negative Sentiment: Legal/PR hit: Deere agreed to a $99M class-action settlement over “right-to-repair” claims and will make repair software more widely available. The payment and reputational fallout likely pressured sentiment despite the settlement limiting future liability. Deere agrees to pay $99M in ‘right to repair’ settlement
• Negative Sentiment: JPMorgan lifted its price target modestly to $550 but kept a Neutral rating — the new target implies limited upside from recent levels, which can prompt profit-taking by investors who bought the run-up. JPMorgan Adjusts Price Target on Deere to $550

Wall Street Analysts Forecast Growth

DE has been the subject of a number of recent analyst reports. UBS Group boosted their price objective on Deere & Company from $535.00 to $775.00 and gave the company a "buy" rating in a research report on Friday, February 20th. Truist Financial boosted their price objective on Deere & Company from $612.00 to $793.00 and gave the company a "buy" rating in a research report on Friday, February 20th. Argus boosted their price objective on Deere & Company from $540.00 to $700.00 and gave the company a "buy" rating in a research report on Tuesday, March 3rd. Raymond James Financial restated an "outperform" rating and issued a $765.00 price objective on shares of Deere & Company in a research report on Monday, February 23rd. Finally, Weiss Ratings reaffirmed a "hold (c+)" rating on shares of Deere & Company in a research note on Monday, December 29th. Sixteen investment analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $655.45.

Deere & Company Stock Performance

Shares of NYSE:DE opened at $603.94 on Friday. 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 business's 50 day moving average price is $591.99 and its 200-day moving average price is $517.03. The firm has a market capitalization of $163.13 billion, a PE ratio of 34.04, a P/E/G ratio of 2.16 and a beta of 0.98. Deere & Company has a 1 year low of $433.00 and a 1 year high of $674.19.

Deere & Company (NYSE:DE - Get Free Report) last issued its quarterly earnings results on Thursday, February 19th. The industrial products company reported $2.42 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.90 by $0.52. The firm 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 business's revenue was up 17.5% on a year-over-year basis. During the same period in the previous year, the company posted $3.19 earnings per share. As a group, equities research analysts expect that Deere & Company will post 19.32 earnings per share for the current fiscal year.

Deere & Company Dividend Announcement

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 paid 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 currently 36.53%.

Insider Activity

In other news, insider Cory J. Reed sold 12,000 shares of Deere & Company stock in a transaction that occurred on Wednesday, January 14th. The stock was 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 of the company's stock, valued at $10,603,920. The trade was a 36.59% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.29% of the stock is owned by corporate insiders.

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.

Want to see what other hedge funds are holding DE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Deere & Company (NYSE:DE - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.