Deere & Company $DE Shares Acquired by M&T Bank Corp

Key Points

• M&T Bank Corp raised its Q4 stake in Deere & Company by 1.8%, adding 2,542 shares to hold 146,004 shares worth roughly $68.0 million (about 0.05% of the company).
• Deere beat expectations for the most recent quarter with EPS of $2.42 vs. a $1.90 consensus and revenue of $9.61 billion vs. $7.50 billion, with revenue up 17.5% year-over-year.
• Deere announced a quarterly dividend of $1.62 ($6.48 annualized) with an ex-dividend/record date of March 31 and a pay date of May 8, reflecting a yield of about 1.1%.

M&T Bank Corp boosted its position in Deere & Company (NYSE:DE - Free Report) by 1.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 146,004 shares of the industrial products company's stock after buying an additional 2,542 shares during the quarter. M&T Bank Corp owned 0.05% of Deere & Company worth $67,975,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Verdence Capital Advisors LLC lifted its holdings in Deere & Company by 2.7% in the 4th quarter. Verdence Capital Advisors LLC now owns 773 shares of the industrial products company's stock worth $360,000 after buying an additional 20 shares in the last quarter. Bouchey Financial Group Ltd raised its stake in shares of Deere & Company by 4.4% in the 3rd quarter. Bouchey Financial Group Ltd now owns 500 shares of the industrial products company's stock valued at $229,000 after purchasing an additional 21 shares in the last quarter. Silvant Capital Management LLC raised its stake in shares of Deere & Company by 0.5% in the 3rd quarter. Silvant Capital Management LLC now owns 4,449 shares of the industrial products company's stock valued at $2,034,000 after purchasing an additional 21 shares in the last quarter. Blue Chip Partners LLC raised its stake in shares of Deere & Company by 1.4% in the 2nd quarter. Blue Chip Partners LLC now owns 1,574 shares of the industrial products company's stock valued at $801,000 after purchasing an additional 21 shares in the last quarter. Finally, Romano Brothers AND Company raised its stake in shares of Deere & Company by 0.3% in the 4th quarter. Romano Brothers AND Company now owns 7,936 shares of the industrial products company's stock valued at $3,695,000 after purchasing an additional 22 shares in the last quarter. Institutional investors and hedge funds own 68.58% of the company's stock.

Key Deere & Company News

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

Deere & Company Price Performance

NYSE DE opened at $578.26 on Monday. 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 2.21, a quick ratio of 1.96 and a debt-to-equity ratio of 1.59. The stock has a market cap of $156.19 billion, a price-to-earnings ratio of 32.60, a price-to-earnings-growth ratio of 2.01 and a beta of 0.96. The company has a 50-day moving average price of $590.37 and a two-hundred day moving average price of $530.04.

Deere & Company (NYSE:DE - Get Free Report) last posted its earnings results on Thursday, February 19th. The industrial products company reported $2.42 EPS for the quarter, topping 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 firm had revenue of $9.61 billion during the quarter, compared to analysts' expectations of $7.50 billion. During the same quarter in the prior year, the firm earned $3.19 EPS. Deere & Company's quarterly revenue was up 17.5% 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 disclosed 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. 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 dividend payout ratio (DPR) is 36.53%.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. BMO Capital Markets upped their target price on shares of Deere & Company from $460.00 to $500.00 and gave the company a "market perform" rating in a research note on Friday, February 20th. Morgan Stanley upped their target price on shares of Deere & Company from $560.00 to $730.00 and gave the company an "overweight" rating in a research note on Monday, February 23rd. Oppenheimer restated an "outperform" rating and issued a $715.00 target price on shares of Deere & Company in a research note on Friday, February 20th. Citigroup cut their target price on shares of Deere & Company from $675.00 to $625.00 and set a "neutral" rating on the stock in a research note on Monday, March 9th. Finally, Wells Fargo & Company increased their price objective on shares of Deere & Company from $543.00 to $750.00 and gave the stock an "overweight" rating in a research note on Friday, February 20th. Sixteen equities research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $655.45.

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.

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