Strs Ohio Lowers Position in Deere & Company $DE

Key Points

• Strs Ohio trimmed its position in Deere & Company by 3.3% in Q4, selling 2,529 shares and now holding 74,067 shares valued at about $34.48 million, while overall institutional ownership stands near 68.6%.
• Strong quarter and dividend: Deere beat expectations with EPS of $2.42 (vs. $1.90) and revenue of $9.61B (up 17.5%), and announced a quarterly dividend of $1.62 ($6.48 annual, ~1.1% yield).
• Leadership and outlook: the board appointed Brent Norwood as CFO (internal hire), reducing transition risk, and analysts show a Moderate Buy consensus with an average target near $655 amid mixed individual revisions.

Strs Ohio cut its position in shares of Deere & Company (NYSE:DE - Free Report) by 3.3% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 74,067 shares of the industrial products company's stock after selling 2,529 shares during the quarter. Strs Ohio's holdings in Deere & Company were worth $34,483,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Strategic Advocates LLC purchased a new stake in shares of Deere & Company in the 3rd quarter worth about $25,000. Key Capital Management INC bought a new position in shares of Deere & Company in the 4th quarter worth about $27,000. Activest Wealth Management lifted its position in Deere & Company by 69.2% during the 3rd quarter. Activest Wealth Management now owns 66 shares of the industrial products company's stock valued at $30,000 after acquiring an additional 27 shares during the period. Wealth Watch Advisors INC purchased a new position in Deere & Company during the 3rd quarter valued at about $32,000. Finally, High Point Wealth Management LLC bought a new stake in Deere & Company during the fourth quarter worth about $41,000. 68.58% of the stock is owned by hedge funds and other institutional investors.

Deere & Company News Summary

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

Deere & Company Stock Performance

Shares of NYSE DE opened at $578.26 on Friday. Deere & Company has a 12-month low of $433.00 and a 12-month high of $674.19. The firm has a market capitalization of $156.19 billion, a price-to-earnings ratio of 32.60, a price-to-earnings-growth ratio of 2.01 and a beta of 0.96. The company has a current ratio of 2.21, a quick ratio of 1.96 and a debt-to-equity ratio of 1.59. The firm has a 50 day moving average of $590.37 and a 200 day moving average of $529.47.

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 anticipate that Deere & Company will post 18.01 earnings per share for the current year.

Deere & Company Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, May 8th. Shareholders of record on Tuesday, March 31st will be paid a dividend of $1.62 per share. The ex-dividend date 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 presently 36.53%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the stock. Wolfe Research upped their price objective on shares of Deere & Company from $550.00 to $660.00 and gave the stock an "outperform" rating in a report on Tuesday, March 31st. Wall Street Zen upgraded shares of Deere & Company from a "sell" rating to a "hold" rating in a report on Saturday, February 7th. Citigroup cut their price target on Deere & Company from $675.00 to $625.00 and set a "neutral" rating on the stock in a research note on Monday, March 9th. Raymond James Financial reaffirmed an "outperform" rating and set a $765.00 price objective on shares of Deere & Company in a research report on Monday, February 23rd. Finally, Bank of America lifted their price objective on Deere & Company from $502.00 to $672.00 and gave the company a "neutral" 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's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $655.45.

Deere & Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.