Deere & Company $DE Shares Purchased by CX Institutional

Key Points

• CX Institutional boosted its Deere stake by 20.2% in Q4 to 15,921 shares (about $7.41M); several large institutions also materially increased exposure—M&T Bank now holds 1,864,701 shares (~$868.1M), VanEck, Invesco and Capital World Investors added shares, and Two Sigma opened a ~$143.5M position, with institutions owning 68.58% of DE.
• Deere beat quarterly estimates with EPS of $2.42 versus $1.90 and revenue of $9.61B (up 17.5% YoY), while analysts maintain a consensus "Moderate Buy" with an average target of $655.45.
• The board appointed Brent Norwood as CFO (an internal hire) to provide continuity, and the company declared a quarterly dividend of $1.62 ($6.48 annual, ~1.1% yield; ex-dividend Mar 31, payable May 8).

CX Institutional boosted its holdings in Deere & Company (NYSE:DE - Free Report) by 20.2% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 15,921 shares of the industrial products company's stock after buying an additional 2,677 shares during the quarter. CX Institutional's holdings in Deere & Company were worth $7,412,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in DE. M&T Bank Corp grew its position in 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 during the last quarter. Van ECK Associates Corp grew its position in 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 during the last quarter. Invesco Ltd. grew its position in 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 during the last quarter. Capital World Investors grew its position in 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 during the last quarter. Finally, Two Sigma Investments LP acquired a new position in Deere & Company in the third quarter worth approximately $143,519,000. 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

Wall Street Analyst Weigh In

Several research analysts have issued reports on DE shares. Robert W. Baird decreased their price target on shares of Deere & Company from $675.00 to $580.00 and set a "neutral" rating on the stock in a research report on Thursday, April 2nd. BMO Capital Markets lifted 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 report on Friday, February 20th. Jefferies Financial Group upgraded shares of Deere & Company from an "underperform" rating to a "hold" rating and set a $550.00 price target on the stock in a research report on Wednesday, April 8th. Wolfe Research raised their price objective on shares of Deere & Company from $550.00 to $660.00 and gave the stock an "outperform" rating in a research note on Tuesday, March 31st. Finally, Truist Financial raised their price objective on shares of Deere & Company from $612.00 to $793.00 and gave the stock a "buy" rating in a research note on Friday, February 20th. Sixteen analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $655.45.

Deere & Company Trading Down 2.0%

Deere & Company stock opened at $578.26 on Friday. The company has a 50 day moving average price of $590.37 and a 200 day moving average price of $529.47. 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. The firm has a market capitalization of $156.19 billion, a price-to-earnings ratio of 32.60, a P/E/G ratio of 2.01 and a beta of 0.96.

Deere & Company (NYSE:DE - Get Free Report) last posted its quarterly earnings data on Thursday, February 19th. The industrial products company reported $2.42 EPS for the quarter, topping analysts' consensus estimates 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 analyst estimates of $7.50 billion. During the same quarter last year, the business posted $3.19 EPS. The company's revenue was up 17.5% on a year-over-year basis. Research analysts forecast that Deere & Company will post 18.01 EPS for the current year.

Deere & Company Announces Dividend

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 paid a $1.62 dividend. The ex-dividend date of this dividend is Tuesday, March 31st. This represents a $6.48 dividend on an annualized basis and a yield of 1.1%. Deere & Company's dividend payout ratio (DPR) 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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