Gamco Investors INC. ET AL Reduces Position in Deere & Company $DE

Key Points

• Gamco Investors trimmed its position in Deere by 4.2%, selling 5,550 shares and holding 125,528 shares valued at $57.399 million at quarter‑end; institutional investors own 68.58% of the stock.
• Deere delivered a quarterly beat with EPS of $2.42 versus $1.90 expected and revenue of $9.61 billion versus $7.50 billion, a 17.5% year‑over‑year revenue increase.
• Significant insider selling occurred—CEO John C. May II sold 41,472 shares (~$20.8M) and Cory J. Reed sold 12,000 shares (~$6.12M), leaving insiders with just 0.29% ownership, while analysts' consensus remains a "Moderate Buy" with an average target of $647.20.

Gamco Investors INC. ET AL trimmed its holdings in Deere & Company (NYSE:DE - Free Report) by 4.2% in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 125,528 shares of the industrial products company's stock after selling 5,550 shares during the quarter. Gamco Investors INC. ET AL's holdings in Deere & Company were worth $57,399,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of DE. Vanguard Group Inc. boosted its holdings in shares of Deere & Company by 1.4% during the 2nd quarter. Vanguard Group Inc. now owns 22,372,671 shares of the industrial products company's stock valued at $11,376,279,000 after acquiring an additional 309,081 shares during the last quarter. State Street Corp grew its stake in shares of Deere & Company by 0.6% in the second quarter. State Street Corp now owns 10,386,268 shares of the industrial products company's stock worth $5,297,913,000 after acquiring an additional 64,262 shares during the period. Geode Capital Management LLC raised its holdings in shares of Deere & Company by 2.1% during the second quarter. Geode Capital Management LLC now owns 5,541,778 shares of the industrial products company's stock valued at $2,810,807,000 after purchasing an additional 111,627 shares during the last quarter. Norges Bank purchased a new position in shares of Deere & Company during the second quarter valued at approximately $1,578,243,000. Finally, Fisher Asset Management LLC lifted its position in Deere & Company by 5.5% during the third quarter. Fisher Asset Management LLC now owns 2,722,018 shares of the industrial products company's stock valued at $1,244,670,000 after purchasing an additional 141,790 shares during the period. Hedge funds and other institutional investors own 68.58% of the company's stock.

Key Stories Impacting Deere & Company

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

• Positive Sentiment: Acquisition of Tenna — Deere completed the purchase of construction-technology firm Tenna to scale mixed‑fleet telematics and services for its Construction & Forestry segment, signaling incremental recurring‑revenue and product expansion potential. Will Deere's Tenna Buyout Aid Its Construction & Forestry Segment?
• Positive Sentiment: Analyst support — Wells Fargo reiterated a Buy rating for DE, and Argus also flagged upside potential, giving institutional conviction that can underpin the stock amid short‑term noise. Wells Fargo Sticks to Its Buy Rating for Deere (DE) Argus Analyst Says DE Stock Price Expected to Rise
• Neutral Sentiment: Trending/attention — Zacks notes DE is a trending stock, increasing retail attention; that can amplify moves but isn't a directional catalyst by itself. Deere & Company (DE) Is a Trending Stock: Facts to Know Before Betting on It
• Neutral Sentiment: Marketing/customer engagement — Deere's "Building America" excavator contest at CONEXPO boosts brand and dealer engagement; helpful for long‑term demand but not an immediate earnings driver. John Deere Launches Building America Excavator Contest at Conexpo
• Neutral Sentiment: Options activity — Unusual options flow suggests speculative positioning that can increase intraday volatility but doesn't change fundamentals. Looking At Deere's Recent Unusual Options Activity
• Negative Sentiment: Valuation/rotation concerns — After a strong multi‑period run, analysts and articles ask whether much of the upside is already priced in; DE's premium valuation (P/E elevated vs history) makes it sensitive to any slowdown in farm income or capital‑goods demand. Is It Too Late To Consider Deere (DE) After Its Strong Share Price Run?
• Negative Sentiment: Macro & sector risks — Zacks highlights risks (falling farm income, tariff pressure, premium multiple) that could sap upside, and weekly market notes point to geopolitical and economic headwinds that are pressuring cyclical stocks like Deere. DE Gains 33% in a Year: What's the Right Strategy for Investors Now? MarketBeat Week in Review – 03/02 - 03/06

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the stock. DA Davidson lifted their target price on shares of Deere & Company from $580.00 to $775.00 and gave the stock a "buy" rating in a research report on Friday, February 20th. Jefferies Financial Group downgraded Deere & Company from a "hold" rating to an "underperform" rating and raised their price target for the stock from $475.00 to $550.00 in a research note on Monday, February 23rd. Keefe, Bruyette & Woods reaffirmed an "outperform" rating on shares of Deere & Company in a report on Monday, December 1st. Royal Bank Of Canada upped their price objective on Deere & Company from $541.00 to $736.00 and gave the company an "outperform" rating in a research report on Friday, February 20th. Finally, JPMorgan Chase & Co. lowered their target price on Deere & Company from $480.00 to $460.00 and set a "neutral" rating on the stock in a report on Friday, December 19th. Sixteen equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $647.20.

Insider Buying and Selling at Deere & Company

In related news, insider Cory J. Reed sold 12,000 shares of Deere & Company stock in a transaction on Wednesday, January 14th. The stock was sold at an average price of $510.00, for a total transaction of $6,120,000.00. Following the transaction, the insider directly owned 20,792 shares in the company, valued at approximately $10,603,920. The trade was a 36.59% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO John C. May II sold 41,472 shares of the business's stock in a transaction dated Thursday, January 8th. The shares were sold at an average price of $501.49, for a total value of $20,797,793.28. Following the sale, the chief executive officer directly owned 117,970 shares of the company's stock, valued at $59,160,775.30. This represents a 26.01% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.29% of the stock is currently owned by insiders.

Deere & Company Stock Down 0.2%

Shares of DE stock opened at $589.22 on Friday. 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 has a 12 month low of $404.42 and a 12 month high of $674.19. The stock has a market cap of $159.15 billion, a P/E ratio of 33.21, a P/E/G ratio of 2.08 and a beta of 0.96. The company has a 50 day simple moving average of $551.94 and a two-hundred day simple moving average of $499.50.

Deere & Company (NYSE:DE - Get Free Report) last issued its quarterly earnings results on Thursday, February 19th. The industrial products company reported $2.42 earnings per share 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 business had revenue of $9.61 billion for the quarter, compared to analysts' expectations of $7.50 billion. During the same quarter last year, the company posted $3.19 EPS. The company's revenue was up 17.5% compared to the same quarter last year. On average, research analysts expect that Deere & Company will post 19.32 earnings per share for the current year.

Deere & Company Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, May 8th. Investors of record on Tuesday, March 31st will be issued a $1.62 dividend. This represents a $6.48 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend is Tuesday, March 31st. 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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