Elevate Capital Advisors LLC Lowers Position in Deere & Company $DE

Key Points

• Elevate Capital Advisors LLC cut its stake in Deere & Company by 43.7% in Q4, selling 1,666 shares to hold 2,147 shares valued at about $1.0 million at quarter-end.
• Insider Cory J. Reed sold 12,000 shares on January 14 for roughly $6.12 million, a ~36.6% reduction in his direct holding.
• Deere reported a strong quarterly beat (Q EPS $2.42 vs. $1.90; revenue $9.61B vs. $7.50B) and has seen several price-target upgrades, but it also faces a $99M 'right-to-repair' settlement and mixed near-term analyst ratings.

Elevate Capital Advisors LLC lessened its stake in Deere & Company (NYSE:DE - Free Report) by 43.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,147 shares of the industrial products company's stock after selling 1,666 shares during the period. Elevate Capital Advisors LLC's holdings in Deere & Company were worth $1,000,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Strategic Advocates LLC acquired a new position in shares of Deere & Company during the 3rd quarter worth approximately $25,000. Activest Wealth Management raised its stake in shares of 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 during the period. Wealth Watch Advisors INC acquired a new position in shares of Deere & Company during the 3rd quarter worth approximately $32,000. United Community Bank raised its stake in shares of Deere & Company by 67.3% during the 3rd quarter. United Community Bank now owns 92 shares of the industrial products company's stock worth $42,000 after buying an additional 37 shares during the period. Finally, GoalVest Advisory LLC raised its stake in shares of Deere & Company by 56.7% during the 4th quarter. GoalVest Advisory LLC now owns 94 shares of the industrial products company's stock worth $44,000 after buying an additional 34 shares during the period. Hedge funds and other institutional investors own 68.58% of the company's stock.

Deere & Company News Summary

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

• Positive Sentiment: Barclays kept an Overweight rating and raised its price target to $640, signaling more upside from current levels as the firm updates machinery-sector expectations. Barclays Maintains an Overweight Rating on Deere & Company (DE)
• Positive Sentiment: An analyst raised Deere’s FY2026 EPS forecast, reflecting stronger forward earnings visibility which supports longer-term valuation. FY2026 EPS Forecast for Deere & Company Lifted by Analyst
• Positive Sentiment: Operational tailwinds: coverage highlights ~50% order growth tied to data‑center construction demand and signs that the ag cycle is stabilizing — a diversification of end markets that can sustain equipment sales. The Green Machine Finds a Second Gear as AI Data Centers Drive 50% Order Growth
• Neutral Sentiment: Broader coverage pieces note Deere has outperformed the market recently; that momentum supports investor interest but also raises the risk of profit-taking. Deere (DE) Exceeds Market Returns: Some Facts to Consider
• Neutral Sentiment: Jefferies moved its rating to “Hold,” reflecting mixed near-term expectations even as Deere’s fundamentals remain solid. Deere & Company Raised to "Hold" at Jefferies Financial Group
• Negative Sentiment: Legal/PR hit: Deere agreed to a $99M class-action settlement over “right-to-repair” claims and will make repair software more widely available. The payment and reputational fallout likely pressured sentiment despite the settlement limiting future liability. Deere agrees to pay $99M in ‘right to repair’ settlement
• Negative Sentiment: JPMorgan lifted its price target modestly to $550 but kept a Neutral rating — the new target implies limited upside from recent levels, which can prompt profit-taking by investors who bought the run-up. JPMorgan Adjusts Price Target on Deere to $550

Insider Buying and Selling

In related news, insider Cory J. Reed sold 12,000 shares of the stock in a transaction on Wednesday, January 14th. The stock was sold at an average price of $510.00, for a total value of $6,120,000.00. Following the completion of the transaction, the insider directly owned 20,792 shares of the company's stock, valued at approximately $10,603,920. This represents a 36.59% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.29% of the company's stock.

Deere & Company Stock Down 2.3%

NYSE DE opened at $603.94 on Friday. The business has a fifty day moving average price of $591.99 and a 200 day moving average price of $517.34. Deere & Company has a one year low of $433.00 and a one year 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 company has a market cap of $163.13 billion, a P/E ratio of 34.04, a P/E/G ratio of 2.11 and a beta of 0.98.

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, beating the consensus estimate of $1.90 by $0.52. Deere & Company had a return on equity of 18.93% and a net margin of 10.29%.The firm had revenue of $9.61 billion during the quarter, compared to the consensus estimate of $7.50 billion. During the same period in the prior year, the company earned $3.19 EPS. The firm's revenue was up 17.5% compared to the same quarter last year. Research analysts anticipate that Deere & Company will post 19.32 EPS for the current fiscal 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 paid a $1.62 dividend. This represents a $6.48 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend is Tuesday, March 31st. Deere & Company's dividend payout ratio is currently 36.53%.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the company. Oppenheimer reaffirmed an "outperform" rating and set a $715.00 target price on shares of Deere & Company in a research note on Friday, February 20th. Robert W. Baird reduced their target price on Deere & Company from $675.00 to $580.00 and set a "neutral" rating for the company in a research note on Thursday, April 2nd. Jefferies Financial Group raised Deere & Company from an "underperform" rating to a "hold" rating and set a $550.00 target price for the company in a research note on Wednesday. Bank of America upped their target price on Deere & Company from $502.00 to $672.00 and gave the stock a "neutral" rating in a research note on Friday, February 20th. Finally, Wolfe Research upped their target price on Deere & Company from $550.00 to $660.00 and gave the stock an "outperform" rating in a research note on Tuesday, March 31st. Sixteen investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $655.45.

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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