Cumberland Partners Ltd Cuts Stock Position in Deere & Company $DE

Key Points

• Cumberland Partners Ltd cut its Deere stake sharply in the fourth quarter, reducing its position by 62.2% and selling 10,558 shares. The firm ended the period with 6,423 shares worth about $2.99 million.
• Deere’s latest earnings topped expectations, with quarterly EPS of $6.55 versus the $5.70 estimate and revenue of $11.78 billion versus $11.55 billion expected. Revenue rose 5.4% year over year, though Production & Precision Agriculture sales remain a weakness.
• Analysts remain mostly constructive but cautious, with 15 Buy ratings and 9 Hold ratings and a consensus price target of $643.98. Deere also maintained its full-year net income guidance of $4.5 billion to $5.0 billion and continued its quarterly dividend of $1.62 per share.

Cumberland Partners Ltd decreased its position in shares of Deere & Company (NYSE:DE - Free Report) by 62.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,423 shares of the industrial products company's stock after selling 10,558 shares during the period. Cumberland Partners Ltd's holdings in Deere & Company were worth $2,990,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Strategic Advocates LLC bought a new stake in shares of Deere & Company in the 3rd quarter worth about $25,000. Key Capital Management INC bought a new stake in shares of Deere & Company in the 4th quarter worth about $27,000. McIlrath & Eck LLC bought a new stake in shares of Deere & Company in the 4th quarter worth about $30,000. Activest Wealth Management increased its position in shares of Deere & Company by 69.2% in the 3rd quarter. Activest Wealth Management now owns 66 shares of the industrial products company's stock worth $30,000 after purchasing an additional 27 shares during the last quarter. Finally, Wealth Watch Advisors INC bought a new stake in shares of Deere & Company in the 3rd quarter worth about $32,000. Hedge funds and other institutional investors own 68.58% of the company's stock.

Trending Headlines about Deere & Company

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

• Positive Sentiment: Deere beat Q2 estimates on both earnings and revenue, with EPS of $6.55 and sales of $13.37 billion, helped by strength in Construction & Forestry and Small Ag & Turf. Deere Beats Q2 Estimates, But Ag Weakness Weighs on Outlook
• Positive Sentiment: Management raised its Construction & Forestry outlook, citing strong demand tied to data center and AI infrastructure spending, which supports a non-farm growth engine for Deere. Deere forecasts FY2026 net income of $4.5B-$5B while lifting construction & forestry sales outlook to up ~20%
• Neutral Sentiment: Several analysts adjusted price targets after earnings, but most kept neutral or buy ratings, suggesting Wall Street sees limited near-term upside until the ag cycle improves. JPMorgan adjusts price target on Deere Co. to $560 from $550, maintains neutral rating
• Neutral Sentiment: Deere maintained its full-year net income forecast of $4.5 billion to $5.0 billion, which reassured investors on guidance but did not signal a stronger rebound in the core farm market. Deere beats second-quarter profit estimate but maintains full-year forecast
• Negative Sentiment: Weak Production & Precision Agriculture sales, down sharply year over year, remain the main concern and are weighing on investor sentiment about Deere’s earnings quality and valuation. Deere Beats Q2 Estimates, But Ag Weakness Weighs on Outlook
• Negative Sentiment: A new class-action lawsuit over right-to-repair practices adds another legal overhang, potentially raising questions about Deere’s aftermarket model and customer relations. Deere Lawsuit Puts Right To Repair Model And Aftermarket Profits Under Review

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. JPMorgan Chase & Co. boosted their price objective on shares of Deere & Company from $550.00 to $560.00 and gave the company a "neutral" rating in a research report on Friday. Raymond James Financial reaffirmed an "outperform" rating and set a $765.00 price objective on shares of Deere & Company in a research report on Monday, February 23rd. DA Davidson lowered their price objective on shares of Deere & Company from $775.00 to $685.00 and set a "buy" rating for the company in a research report on Friday. Truist Financial boosted their price objective on shares of Deere & Company from $612.00 to $793.00 and gave the company a "buy" rating in a research report on Friday, February 20th. Finally, Argus boosted their price objective on shares of Deere & Company from $540.00 to $700.00 and gave the company a "buy" rating in a research report on Tuesday, March 3rd. Fifteen research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $643.98.

Deere & Company Price Performance

NYSE DE opened at $529.88 on Friday. Deere & Company has a 52 week low of $433.00 and a 52 week high of $674.19. The company has a current ratio of 2.18, a quick ratio of 1.96 and a debt-to-equity ratio of 1.54. The stock has a market cap of $143.13 billion, a price-to-earnings ratio of 30.02, a price-to-earnings-growth ratio of 1.85 and a beta of 0.96. The company has a 50-day moving average price of $576.52 and a two-hundred day moving average price of $539.80.

Deere & Company (NYSE:DE - Get Free Report) last posted its earnings results on Thursday, May 21st. The industrial products company reported $6.55 EPS for the quarter, topping the consensus estimate of $5.70 by $0.85. Deere & Company had a net margin of 10.09% and a return on equity of 18.25%. The firm had revenue of $11.78 billion during the quarter, compared to analysts' expectations of $11.55 billion. During the same quarter in the prior year, the firm earned $6.64 EPS. Deere & Company's quarterly revenue was up 5.4% on a year-over-year basis. Analysts forecast that Deere & Company will post 18.01 EPS for the current year.

Deere & Company Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 8th. Stockholders of record on Tuesday, March 31st were paid a $1.62 dividend. This represents a $6.48 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend was Tuesday, March 31st. Deere & Company's dividend payout ratio is currently 36.53%.

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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