Deere & Company $DE Shares Bought by King Luther Capital Management Corp

Key Points

• King Luther Capital Management boosted its Deere & Company stake by 824.6% in the fourth quarter, ending with 26,535 shares worth about $12.35 million.
• Deere’s latest earnings beat expectations, reporting $6.55 EPS on $11.78 billion in revenue, with revenue up 5.4% year over year.
• The company announced a quarterly dividend of $1.62 per share, payable August 10, representing an annualized dividend of $6.48 and a yield of about 1.2%.

King Luther Capital Management Corp raised its holdings in shares of Deere & Company (NYSE:DE - Free Report) by 824.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 26,535 shares of the industrial products company's stock after purchasing an additional 23,665 shares during the period. King Luther Capital Management Corp's holdings in Deere & Company were worth $12,354,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in DE. Strategic Advocates LLC acquired a new position in shares of Deere & Company during the third quarter worth $25,000. Key Capital Management INC acquired a new position in shares of Deere & Company during the fourth quarter worth $27,000. Activest Wealth Management increased its holdings in shares of Deere & Company by 69.2% during the third quarter. Activest Wealth Management now owns 66 shares of the industrial products company's stock valued at $30,000 after acquiring an additional 27 shares in the last quarter. McIlrath & Eck LLC purchased a new position in shares of Deere & Company in the 4th quarter valued at approximately $30,000. Finally, Wealth Watch Advisors INC purchased a new position in shares of Deere & Company in the 3rd quarter valued at approximately $32,000. 68.58% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. Wall Street Zen raised shares of Deere & Company from a "sell" rating to a "hold" rating in a report on Saturday, February 7th. Argus raised their price target on shares of Deere & Company from $540.00 to $700.00 and gave the stock a "buy" rating in a report on Tuesday, March 3rd. Sanford C. Bernstein raised their price target on shares of Deere & Company from $521.00 to $615.00 and gave the stock a "market perform" rating in a report on Friday, February 20th. Wells Fargo & Company raised their price target on shares of Deere & Company from $543.00 to $750.00 and gave the stock an "overweight" rating in a report on Friday, February 20th. Finally, Citigroup dropped their target price on Deere & Company from $625.00 to $595.00 and set a "neutral" rating on the stock in a research report on Friday, May 22nd. Fifteen research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $638.08.

Key Headlines Impacting Deere & Company

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

• Positive Sentiment: RBC raised its price target on Deere to $752 and reiterated an outperform rating, citing solid fiscal Q2 execution and resilience despite tough core market conditions.
• Positive Sentiment: Truist also maintained a buy rating on Deere, reflecting continued confidence in the company’s earnings power and long-term outlook.
• Positive Sentiment: Deere announced a quarterly dividend of $1.62 per share, reinforcing its return-of-capital story for income-focused investors. Deere & Company Announces Quarterly Dividend
• Positive Sentiment: Thoughtworks was recognized as a Partner-level supplier in Deere’s Achieving Excellence Program, highlighting Deere’s focus on supplier quality and operational excellence. Thoughtworks Recognized as John Deere Partner-Level Supplier in 2026 Achieving Excellence Program
• Neutral Sentiment: Deere remains a heavily watched stock on Zacks, suggesting investor attention is elevated, but this is not a direct fundamental catalyst. Here is What to Know Beyond Why Deere & Company (DE) is a Trending Stock
• Neutral Sentiment: Planet Labs received a Deere sustainability award, which reflects Deere’s supplier standards but is unlikely to move the stock on its own. Planet Labs PBC Receives John Deere Sustainability Award
• Negative Sentiment: Benzinga reported fading stock momentum, weaker agricultural conditions, and fertilizer cost pressure tied to geopolitical risks, suggesting near-term headwinds for Deere’s shares.

Deere & Company Price Performance

Shares of NYSE DE opened at $529.26 on Thursday. The business's 50 day moving average price is $573.56 and its 200 day moving average price is $541.56. The firm has a market cap of $142.96 billion, a P/E ratio of 29.99, a P/E/G ratio of 1.97 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 quick ratio of 1.95, a current ratio of 2.18 and a debt-to-equity ratio of 1.54.

Deere & Company (NYSE:DE - Get Free Report) last issued its earnings results on Thursday, May 21st. The industrial products company reported $6.55 EPS for the quarter, beating analysts' consensus estimates of $5.70 by $0.85. The firm had revenue of $11.78 billion for the quarter, compared to analyst estimates of $11.55 billion. Deere & Company had a return on equity of 18.25% and a net margin of 10.09%.Deere & Company's revenue for the quarter was up 5.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $6.64 earnings per share. On average, sell-side analysts expect that Deere & Company will post 18.05 earnings per share for the current year.

Deere & Company Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 10th. Stockholders of record on Tuesday, June 30th will be paid a dividend of $1.62 per share. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $6.48 dividend on an annualized basis and a dividend yield of 1.2%. Deere & Company's dividend payout ratio (DPR) is presently 36.71%.

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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