Geode Capital Management LLC Increases Stock Holdings in Deere & Company $DE

Key Points

• Geode Capital Management slightly increased its Deere stake in Q4, and several other hedge funds also added shares, with institutional investors now owning 68.58% of the company.
• Deere reported stronger-than-expected quarterly results, posting $6.55 EPS versus the $5.70 estimate and revenue of $11.78 billion, while revenue rose 5.4% year over year.
• The company declared a quarterly dividend of $1.62 per share and continues to receive generally positive analyst coverage, with a consensus rating of Moderate Buy and a target price of $638.08.

Geode Capital Management LLC raised its position in shares of Deere & Company (NYSE:DE - Free Report) by 0.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 5,600,552 shares of the industrial products company's stock after buying an additional 17,269 shares during the quarter. Geode Capital Management LLC owned about 2.07% of Deere & Company worth $2,609,149,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Fidelis Capital Partners LLC lifted its position in Deere & Company by 7.9% during the fourth quarter. Fidelis Capital Partners LLC now owns 4,324 shares of the industrial products company's stock valued at $2,013,000 after buying an additional 315 shares during the period. King Luther Capital Management Corp lifted its position in Deere & Company by 824.6% during the fourth quarter. King Luther Capital Management Corp now owns 26,535 shares of the industrial products company's stock valued at $12,354,000 after buying an additional 23,665 shares during the period. TrustBank purchased a new position in Deere & Company during the fourth quarter valued at $684,000. Roundview Capital LLC lifted its position in Deere & Company by 11.9% during the fourth quarter. Roundview Capital LLC now owns 4,826 shares of the industrial products company's stock valued at $2,247,000 after buying an additional 514 shares during the period. Finally, Malaga Cove Capital LLC lifted its position in Deere & Company by 13.6% during the fourth quarter. Malaga Cove Capital LLC now owns 3,626 shares of the industrial products company's stock valued at $1,688,000 after buying an additional 433 shares during the period. Hedge funds and other institutional investors own 68.58% of the company's stock.

Deere & Company Price Performance

Shares of NYSE:DE opened at $529.26 on Thursday. Deere & Company has a 1-year low of $433.00 and a 1-year high of $674.19. The company has a debt-to-equity ratio of 1.54, a current ratio of 2.18 and a quick ratio of 1.95. The business has a fifty day moving average price of $573.56 and a 200-day moving average price of $541.56. The company has a market capitalization of $142.96 billion, a PE ratio of 29.99, a PEG ratio of 1.97 and a beta of 0.96.

Deere & Company (NYSE:DE - Get Free Report) last issued its quarterly earnings results on Thursday, May 21st. The industrial products company reported $6.55 earnings per share for the quarter, beating the consensus estimate of $5.70 by $0.85. Deere & Company had a return on equity of 18.25% and a net margin of 10.09%.The firm had revenue of $11.78 billion during the quarter, compared to the consensus estimate of $11.55 billion. During the same period last year, the company earned $6.64 earnings per share. The company's revenue was up 5.4% on a year-over-year basis. As a group, equities analysts expect that Deere & Company will post 18.05 EPS for the current fiscal year.

Deere & Company Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, August 10th. Stockholders of record on Tuesday, June 30th will be issued a dividend of $1.62 per share. The ex-dividend date is Tuesday, June 30th. This represents a $6.48 annualized dividend and a dividend yield of 1.2%. Deere & Company's dividend payout ratio (DPR) is presently 36.71%.

Deere & Company News Summary

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

• Positive Sentiment: RBC raised its price target on Deere to $752 and reiterated an outperform rating, citing solid fiscal Q2 execution and resilience despite tough core market conditions.
• Positive Sentiment: Truist also maintained a buy rating on Deere, reflecting continued confidence in the company’s earnings power and long-term outlook.
• Positive Sentiment: Deere announced a quarterly dividend of $1.62 per share, reinforcing its return-of-capital story for income-focused investors. Deere & Company Announces Quarterly Dividend
• Positive Sentiment: Thoughtworks was recognized as a Partner-level supplier in Deere’s Achieving Excellence Program, highlighting Deere’s focus on supplier quality and operational excellence. Thoughtworks Recognized as John Deere Partner-Level Supplier in 2026 Achieving Excellence Program
• Neutral Sentiment: Deere remains a heavily watched stock on Zacks, suggesting investor attention is elevated, but this is not a direct fundamental catalyst. Here is What to Know Beyond Why Deere & Company (DE) is a Trending Stock
• Neutral Sentiment: Planet Labs received a Deere sustainability award, which reflects Deere’s supplier standards but is unlikely to move the stock on its own. Planet Labs PBC Receives John Deere Sustainability Award
• Negative Sentiment: Benzinga reported fading stock momentum, weaker agricultural conditions, and fertilizer cost pressure tied to geopolitical risks, suggesting near-term headwinds for Deere’s shares.

Wall Street Analysts Forecast Growth

DE has been the subject of several recent research reports. Weiss Ratings raised Deere & Company from a "hold (c)" rating to a "hold (c+)" rating in a research report on Thursday, May 21st. Oppenheimer reissued an "outperform" rating and set a $680.00 price objective (down from $715.00) on shares of Deere & Company in a research report on Wednesday. Jefferies Financial Group raised Deere & Company from an "underperform" rating to a "hold" rating and set a $550.00 price objective for the company in a research report on Wednesday, April 8th. Wolfe Research raised their price objective on Deere & Company from $550.00 to $660.00 and gave the company an "outperform" rating in a research report on Tuesday, March 31st. Finally, Barclays raised their price objective on Deere & Company from $530.00 to $640.00 and gave the company an "overweight" rating in a research report on Tuesday, March 31st. Fifteen equities research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $638.08.

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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