Deere & Company $DE Shares Bought by Pictet Asset Management Holding SA

Pictet Asset Management Holding SA boosted its stake in shares of Deere & Company (NYSE:DE - Free Report) by 9.1% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 362,727 shares of the industrial products company's stock after acquiring an additional 30,211 shares during the period. Pictet Asset Management Holding SA owned about 0.13% of Deere & Company worth $168,888,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of DE. M&T Bank Corp lifted its stake in shares of Deere & Company by 1,199.8% in the fourth 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 in the last quarter. Van ECK Associates Corp lifted its stake in shares of Deere & Company by 278.0% in the third 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 in the last quarter. Invesco Ltd. lifted its stake in shares of Deere & Company by 21.7% in the third 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 in the last quarter. Capital World Investors lifted its stake in shares of Deere & Company by 5.5% in the third 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 in the last quarter. Finally, Two Sigma Investments LP purchased a new position in shares of Deere & Company in the third quarter worth about $143,519,000. 68.58% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. Barclays raised their price target on shares of Deere & Company from $530.00 to $640.00 and gave the stock an "overweight" rating in a research note on Tuesday, March 31st. Weiss Ratings reissued a "hold (c+)" rating on shares of Deere & Company in a research note on Monday, December 29th. BMO Capital Markets raised their price target on shares of Deere & Company from $460.00 to $500.00 and gave the stock a "market perform" rating in a research note on Friday, February 20th. Oppenheimer reissued an "outperform" rating and issued a $715.00 price target on shares of Deere & Company in a research note on Friday, February 20th. Finally, DA Davidson raised their price target on shares of Deere & Company from $580.00 to $775.00 and gave the stock a "buy" rating in a research note on Friday, February 20th. Sixteen investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $655.45.

Key Headlines Impacting 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

Deere & Company Price Performance

Deere & Company stock opened at $568.76 on Tuesday. Deere & Company has a 12-month low of $433.00 and a 12-month high of $674.19. The stock has a market cap of $153.63 billion, a P/E ratio of 32.06, a PEG ratio of 1.96 and a beta of 0.98. The company has a 50-day moving average price of $592.93 and a 200 day moving average price of $527.35. The company has a current ratio of 2.21, a quick ratio of 1.96 and a debt-to-equity ratio of 1.59.

Deere & Company (NYSE:DE - Get Free Report) last released its quarterly earnings data on Thursday, February 19th. The industrial products company reported $2.42 earnings per share (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 period last year, the business earned $3.19 earnings per share. Deere & Company's revenue was up 17.5% compared to the same quarter last year. Sell-side analysts anticipate that Deere & Company will post 18.01 earnings per share for the current year.

Deere & Company Dividend Announcement

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

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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