First Citizens Bank & Trust Co. Acquires 2,780 Shares of Deere & Company $DE

Key Points

• First Citizens Bank & Trust Co. increased its Deere position by 84.8% in the third quarter, purchasing 2,780 additional shares and bringing its holdings to 6,058 shares valued at approximately $4.1 million. Institutional investors collectively own 68.58% of Deere’s stock.
• Wall Street’s outlook remains favorable, with 17 analysts rating Deere a Buy and eight assigning a Hold rating. The stock has a consensus “Moderate Buy” rating and an average price target of $688.10.
• Deere recently surpassed quarterly earnings and revenue expectations, reporting $5.10 in EPS and $12.61 billion in revenue, while declaring a quarterly dividend of $1.62 per share, equivalent to a 1.0% annual yield.

First Citizens Bank & Trust Co. boosted its position in shares of Deere & Company (NYSE:DE - Free Report) by 84.8% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,058 shares of the industrial products company's stock after buying an additional 2,780 shares during the quarter. First Citizens Bank & Trust Co.'s holdings in Deere & Company were worth $4,068,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of DE. Focus Financial Network Inc. increased its stake in Deere & Company by 3.0% during the 3rd quarter. Focus Financial Network Inc. now owns 2,360 shares of the industrial products company's stock valued at $1,585,000 after purchasing an additional 68 shares in the last quarter. ASK Capital Investment Managers LLC acquired a new position in Deere & Company in the third quarter valued at approximately $1,369,000. XY Planning Network Inc. boosted its position in Deere & Company by 2.3% in the 3rd quarter. XY Planning Network Inc. now owns 765 shares of the industrial products company's stock worth $514,000 after purchasing an additional 17 shares in the last quarter. Salem Investment Counselors Inc. boosted its position in Deere & Company by 10.2% in the 3rd quarter. Salem Investment Counselors Inc. now owns 1,388 shares of the industrial products company's stock worth $934,000 after purchasing an additional 128 shares in the last quarter. Finally, Signal Advisors Wealth LLC boosted its position in Deere & Company by 8.6% in the 3rd quarter. Signal Advisors Wealth LLC now owns 555 shares of the industrial products company's stock worth $373,000 after purchasing an additional 44 shares in the last quarter. Institutional investors own 68.58% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have recently commented on DE. Bank of America boosted their price objective on Deere & Company from $667.00 to $715.00 in a research report on Thursday, September 24th. Nomura upgraded Deere & Company to a "buy" rating in a research report on Monday, August 31st. Evercore raised shares of Deere & Company from an "in-line" rating to an "outperform" rating and set a $813.00 price target on the stock in a research note on Wednesday, September 2nd. Citigroup boosted their price target on shares of Deere & Company from $610.00 to $650.00 and gave the stock a "neutral" rating in a report on Friday, August 21st. Finally, Weiss Ratings upgraded shares of Deere & Company from a "hold (c)" rating to a "hold (c+)" rating in a research report on Monday, September 21st. Seventeen research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $688.10.

More Deere & Company News

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

• Positive Sentiment: Deere is partnering with Yamaha on future side-by-side vehicles, a move that could expand its recreational-product lineup and create opportunities for longer-term growth. The financial impact and timing were not disclosed. Yamaha and John Deere Team Up on Future Side-by-Sides
• Positive Sentiment: Deere has held up better than Caterpillar in recent trading. Investors appear to be questioning the premium attached to Caterpillar’s data-center power exposure, which may be shifting attention toward Deere and other industrial companies. Caterpillar Sinks 5% as Deere Edges Higher
• Neutral Sentiment: Heavy investor searches for DE indicate elevated market attention, but the coverage does not identify a new earnings estimate, guidance change or fundamental catalyst. Investors Heavily Search Deere
• Neutral Sentiment: An analyst comparison of Deere and Caterpillar highlights diverging Wall Street narratives, though the available report does not provide a specific recommendation or price target. Which Industrials Stock Do Analysts Like Better: Deere or Caterpillar?
• Neutral Sentiment: The John Deere Foundation announced an $18.5 million farm-to-plate initiative supporting farmers and hunger-relief efforts. The program may strengthen Deere’s social-impact profile but is unlikely to materially change near-term earnings. John Deere Foundation Farm-to-Plate Strategy
• Negative Sentiment: Surging Treasury yields have pressured highly valued industrial stocks, with Deere previously falling alongside Caterpillar as the 30-year yield reached 5.7%. Higher borrowing costs can weigh on equipment demand and reduce the value investors assign to future earnings. Caterpillar and Deere Slide as Treasury Yields Surge
• Negative Sentiment: An FTC-USDA inquiry into agricultural-equipment competition includes Deere and keeps regulatory risk in focus, with public comments open through December 7, 2026. Potential scrutiny of repair access, competition or business practices could weigh on sentiment. Ag Equipment’s Recovery Trade Meets Washington’s Scrutiny

Deere & Company Stock Up 0.2%

Shares of NYSE:DE opened at $651.34 on Thursday. Deere & Company has a 1-year low of $445.55 and a 1-year high of $721.22. The stock has a market cap of $175.61 billion, a P/E ratio of 36.11, a P/E/G ratio of 2.38 and a beta of 0.86. The firm has a fifty day moving average price of $656.93 and a 200 day moving average price of $611.03. The company has a debt-to-equity ratio of 1.45, a current ratio of 2.10 and a quick ratio of 1.89.

Deere & Company (NYSE:DE - Get Free Report) last posted its quarterly earnings results on Thursday, August 20th. The industrial products company reported $5.10 earnings per share for the quarter, beating analysts' consensus estimates of $4.69 by $0.41. Deere & Company had a return on equity of 18.10% and a net margin of 10.16%. The firm had revenue of $12.61 billion for the quarter, compared to the consensus estimate of $10.81 billion. During the same period in the previous year, the business earned $4.75 earnings per share. The company's revenue for the quarter was up 6.2% compared to the same quarter last year. Sell-side analysts predict that Deere & Company will post 18.11 EPS for the current year.

Deere & Company Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, November 9th. Shareholders of record on Wednesday, September 30th will be paid a dividend of $1.62 per share. The ex-dividend date of this dividend is Wednesday, September 30th. This represents a $6.48 dividend on an annualized basis and a yield of 1.0%. Deere & Company's dividend payout ratio (DPR) is currently 36.00%.

Deere & Company Company Profile

Deere & Company, commonly known as John Deere, is a global manufacturer of agricultural, construction, forestry and turf-care equipment. The company's products include tractors, combines, planters, sprayers, harvesting equipment, earthmoving machinery, forestry equipment, commercial and residential lawn-care products, and related technology solutions.

Deere operates through businesses serving production and precision agriculture, small agriculture and turf, and construction and forestry markets.

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