Comerica Bank Cuts Stake in Deere & Company $DE

Key Points

• Comerica Bank reduced its stake in Deere & Company by 7.9% in Q4, selling 3,895 shares and holding 45,328 shares worth $21,103,000 at quarter-end.
• Several institutions significantly increased positions—most notably M&T Bank added 1,721,239 shares (up 1,199.8%) to own 1,864,701 shares worth $868.1M—leaving institutional investors with about 68.58% of the stock.
• Wall Street and fundamentals are supportive: Deere has a consensus rating of "Moderate Buy" with a $655.45 price target, it beat Q4 EPS and revenue estimates, and declared a $1.62 quarterly dividend ($6.48 annual, ~1.1% yield).

Comerica Bank reduced its stake in Deere & Company (NYSE:DE - Free Report) by 7.9% during the fourth quarter, according to its most recent filing with the SEC. The fund owned 45,328 shares of the industrial products company's stock after selling 3,895 shares during the quarter. Comerica Bank's holdings in Deere & Company were worth $21,103,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in DE. M&T Bank Corp boosted its holdings in shares of Deere & Company by 1,199.8% in the 4th quarter. M&T Bank Corp now owns 1,864,701 shares of the industrial products company's stock worth $868,149,000 after buying an additional 1,721,239 shares during the last quarter. Van ECK Associates Corp boosted its holdings in shares of Deere & Company by 278.0% in the 3rd quarter. Van ECK Associates Corp now owns 487,697 shares of the industrial products company's stock worth $223,005,000 after buying an additional 358,687 shares during the last quarter. Invesco Ltd. boosted its holdings in shares of Deere & Company by 21.7% in the 3rd 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 last quarter. Capital World Investors boosted its holdings in shares of Deere & Company by 5.5% in the 3rd 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 last quarter. Finally, Two Sigma Investments LP purchased a new position in shares of Deere & Company in the 3rd quarter worth about $143,519,000. 68.58% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have commented on DE shares. Wells Fargo & Company upped their price objective on shares of Deere & Company from $543.00 to $750.00 and gave the company an "overweight" rating in a report on Friday, February 20th. Robert W. Baird dropped their price objective on shares of Deere & Company from $675.00 to $580.00 and set a "neutral" rating on the stock in a report on Thursday, April 2nd. Wolfe Research upped their price objective on shares of Deere & Company from $550.00 to $660.00 and gave the company an "outperform" rating in a report on Tuesday, March 31st. Bank of America upped their price objective on shares of Deere & Company from $502.00 to $672.00 and gave the company a "neutral" rating in a report on Friday, February 20th. Finally, Jefferies Financial Group raised shares of Deere & Company from an "underperform" rating to a "hold" rating and set a $550.00 price objective on the stock in a report on Wednesday, April 8th. Sixteen research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. According to MarketBeat, Deere & Company has a consensus rating of "Moderate Buy" and a consensus price target of $655.45.

Deere & Company Price Performance

NYSE DE opened at $568.76 on Tuesday. The company has a market cap of $153.63 billion, a PE ratio of 32.06, a price-to-earnings-growth ratio of 1.96 and a beta of 0.98. Deere & Company has a 52 week low of $433.00 and a 52 week high of $674.19. 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 firm's 50-day simple moving average is $592.93 and its two-hundred day simple moving average is $527.35.

Deere & Company (NYSE:DE - Get Free Report) last released its quarterly earnings data on Thursday, February 19th. The industrial products company reported $2.42 EPS for the quarter, beating the consensus estimate 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 for the quarter, compared to the consensus estimate of $7.50 billion. During the same period in the prior year, the firm earned $3.19 earnings per share. The company's revenue was up 17.5% compared to the same quarter last year. Research analysts predict that Deere & Company will post 18.01 earnings per share for the current 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 $1.62 dividend. This represents a $6.48 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend is Tuesday, March 31st. Deere & Company's dividend payout ratio is presently 36.53%.

Trending Headlines about Deere & Company

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

• Positive Sentiment: Analyst/bull write-ups highlight Deere as a buy, arguing the company is attractively valued versus its cycle and benefits from durable pricing power and strong margins; these bullish narratives can attract buyers and support the rally. Is Deere & Company (DE) A Good Stock To Buy Now?
• Positive Sentiment: Deere’s recent quarterly results (Feb. 19) beat EPS and revenue estimates, showing resilient margins and revenue growth; that earnings beat remains a fundamental tailwind that supports higher valuations and investor confidence.
• Neutral Sentiment: A 247WallStreet piece frames Deere and Caterpillar at different cycle points — Deere is described as “one quarter ahead,” calling 2026 the bottom of the large agriculture cycle while construction rebounds for peers. This positions Deere as a value/cycle play rather than a momentum story, which can temper fast rallies but attract longer-term value investors. Caterpillar and Deere Hit Opposite Cycle Peaks: One Rides Momentum, One Hunts Value
• Negative Sentiment: John Deere agreed to a $99 million settlement tied to repairability/regulatory issues; litigation and regulatory scrutiny on repair rights could raise compliance costs, reputational risk, and operational uncertainty — a potential headwind for sentiment and margins. John Deere's $99 million settlement could change the future of automotive repairs

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.

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