Danske Bank A S Has $60.39 Million Stock Holdings in Deere & Company $DE

Key Points

• Danske Bank increased its stake in Deere & Company by 14.9%, buying 16,777 shares to hold 129,705 shares worth about $60.39 million as of the latest SEC filing.
• Deere beat expectations for the quarter with $2.42 EPS versus $1.90 expected and revenue of $9.61 billion (vs. $7.50 billion), with revenue up 17.5% year-over-year.
• Multiple brokers raised price targets (several to $700+), leaving Deere with a consensus rating of Moderate Buy and a consensus price target of $655.45.

Danske Bank A S boosted its position in shares of Deere & Company (NYSE:DE - Free Report) by 14.9% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 129,705 shares of the industrial products company's stock after buying an additional 16,777 shares during the quarter. Danske Bank A S's holdings in Deere & Company were worth $60,387,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of DE. Strategic Advocates LLC acquired a new position in Deere & Company during the 3rd quarter worth $25,000. Key Capital Management INC acquired a new position in Deere & Company during the 4th quarter worth $27,000. Activest Wealth Management lifted its holdings in Deere & Company by 69.2% during the 3rd quarter. Activest Wealth Management now owns 66 shares of the industrial products company's stock worth $30,000 after buying an additional 27 shares in the last quarter. Wealth Watch Advisors INC acquired a new position in Deere & Company during the 3rd quarter worth $32,000. Finally, High Point Wealth Management LLC acquired a new position in Deere & Company during the 4th quarter worth $41,000. Institutional investors and hedge funds own 68.58% of the company's stock.

Deere & Company Stock Performance

Shares of Deere & Company stock opened at $578.26 on Friday. The firm has a fifty day moving average of $590.37 and a two-hundred day moving average of $528.84. The stock has a market capitalization of $156.19 billion, a price-to-earnings ratio of 32.60, a PEG ratio of 2.06 and a beta of 0.96. Deere & Company has a 52 week low of $433.00 and a 52 week high of $674.19. The company has a debt-to-equity ratio of 1.59, a quick ratio of 1.96 and a current ratio of 2.21.

Deere & Company (NYSE:DE - Get Free Report) last issued its earnings results 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. The company had revenue of $9.61 billion during the quarter, compared to analysts' expectations of $7.50 billion. Deere & Company had a net margin of 10.29% and a return on equity of 18.93%. The business's revenue for the quarter was up 17.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.19 EPS. As a group, equities research analysts predict that Deere & Company will post 18.01 EPS for the current year.

Deere & Company Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 8th. Shareholders of record on Tuesday, March 31st will be given a dividend of $1.62 per share. The ex-dividend date is Tuesday, March 31st. This represents a $6.48 annualized dividend and a dividend yield of 1.1%. Deere & Company's payout ratio is presently 36.53%.

Trending Headlines about Deere & Company

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

• Positive Sentiment: Board names Brent Norwood as CFO (internal hire), providing continuity after a formal internal/external search — this should reduce transition risk and supports financial execution. Deere & Company Board Elects Brent Norwood as Chief Financial Officer
• Neutral Sentiment: Sector/compiler commentary: a Trefis piece highlights Caterpillar’s valuation shift (higher multiple driven by AI/data-center demand), which can reframe investor comparisons within large-cap equipment names and encourage rotation or relative re-rating away from traditional ag-equipment plays like Deere. Has CAT Stock Run Ahead Of Its Valuation?
• Neutral Sentiment: Market note reporting intraday weakness: coverage pieces (Zacks) flagged that Deere shares slid while the broader market rose, signaling stock-specific profit-taking or repositioning by traders rather than a broad sector sell-off. Deere (DE) Stock Slides as Market Rises: Facts to Know Before You Trade
• Negative Sentiment: Analyst tweak: Erste Group slightly cut its FY2027 EPS forecast for Deere (a marginal reduction), which may have nudged sentiment downward given the stock’s rich multiples and recent strong performance — even small estimate reductions can trigger selling in high-PE industrial names. Erste trims FY2027 estimate for Deere

Analyst Ratings Changes

Several research firms have issued reports on DE. DA Davidson upped their price objective on Deere & Company from $580.00 to $775.00 and gave the stock a "buy" rating in a report on Friday, February 20th. Argus upped their price objective on Deere & Company from $540.00 to $700.00 and gave the stock a "buy" rating in a report on Tuesday, March 3rd. UBS Group upped their price objective on Deere & Company from $535.00 to $775.00 and gave the stock a "buy" rating in a report on Friday, February 20th. Morgan Stanley upped their price objective on Deere & Company from $560.00 to $730.00 and gave the stock an "overweight" rating in a report on Monday, February 23rd. Finally, Wells Fargo & Company upped their target price on shares of Deere & Company from $543.00 to $750.00 and gave the company an "overweight" rating in a research report on Friday, February 20th. Sixteen research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. According to MarketBeat, Deere & Company presently has a consensus rating of "Moderate Buy" and a consensus price target of $655.45.

Deere & Company 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.

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