Sumitomo Mitsui Trust Group Inc. Has $369.25 Million Stake in Deere & Company $DE

Key Points

• Sumitomo Mitsui Trust Group increased its position in Deere to 793,104 shares (0.29% ownership) valued at about $369.25 million after buying 2,738 shares in Q4.
• Deere topped Q4 expectations with $2.42 EPS versus $1.90 expected and revenue of $9.61 billion (up 17.5% YoY), prompting multiple analyst price-target raises and a consensus "Moderate Buy" with an average target near $655.
• The company declared a $1.62 quarterly dividend ($6.48 annual, ~1.1% yield) but faces a potential headwind from a $99 million "right-to-repair" class-action settlement that could pressure sentiment.

Sumitomo Mitsui Trust Group Inc. increased its position in shares of Deere & Company (NYSE:DE - Free Report) by 0.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 793,104 shares of the industrial products company's stock after buying an additional 2,738 shares during the period. Sumitomo Mitsui Trust Group Inc. owned 0.29% of Deere & Company worth $369,245,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the company. Brown Lisle Cummings Inc. increased its holdings in Deere & Company by 43.6% during the fourth quarter. Brown Lisle Cummings Inc. now owns 6,588 shares of the industrial products company's stock worth $3,067,000 after buying an additional 2,000 shares during the last quarter. KG&L Capital Management LLC increased its holdings in Deere & Company by 1.9% during the fourth quarter. KG&L Capital Management LLC now owns 10,507 shares of the industrial products company's stock worth $4,867,000 after buying an additional 194 shares during the last quarter. Clear Creek Financial Management LLC increased its holdings in Deere & Company by 60.9% during the fourth quarter. Clear Creek Financial Management LLC now owns 1,200 shares of the industrial products company's stock worth $559,000 after buying an additional 454 shares during the last quarter. Community Bank of Raymore acquired a new position in Deere & Company during the fourth quarter worth $220,000. Finally, Diligent Investors LLC acquired a new position in Deere & Company during the fourth quarter worth $204,000. 68.58% of the stock is currently owned by institutional investors and hedge funds.

Deere & Company Stock Performance

Shares of DE stock opened at $603.94 on Friday. The company has a market capitalization of $163.13 billion, a price-to-earnings ratio of 34.04, a PEG ratio of 2.11 and a beta of 0.98. 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 50-day simple moving average of $591.99 and a 200 day simple moving average of $517.34. Deere & Company has a 52 week low of $433.00 and a 52 week high of $674.19.

Deere & Company (NYSE:DE - Get Free Report) last announced its earnings results on Thursday, February 19th. The industrial products company reported $2.42 EPS 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 during the quarter, compared to the consensus estimate of $7.50 billion. During the same quarter in the previous year, the firm posted $3.19 EPS. Deere & Company's revenue was up 17.5% compared to the same quarter last year. On average, sell-side analysts predict that Deere & Company will post 19.32 earnings per share for the current year.

Deere & Company Announces Dividend

The firm also recently declared 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. The ex-dividend date is Tuesday, March 31st. This represents a $6.48 annualized dividend and a dividend yield of 1.1%. Deere & Company's dividend payout ratio is 36.53%.

Trending Headlines about Deere & Company

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 Activity at Deere & Company

In related news, insider Cory J. Reed sold 12,000 shares of the company's stock in a transaction dated Wednesday, January 14th. The shares were sold at an average price of $510.00, for a total value of $6,120,000.00. Following the transaction, the insider directly owned 20,792 shares in the company, valued at approximately $10,603,920. This represents a 36.59% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.29% of the company's stock.

Analyst Ratings Changes

DE has been the topic of several research reports. Truist Financial upped their price objective on shares of Deere & Company from $612.00 to $793.00 and gave the company a "buy" rating in a report on Friday, February 20th. Jefferies Financial Group raised shares of Deere & Company from an "underperform" rating to a "hold" rating and set a $550.00 target price for the company in a report on Wednesday. Argus lifted their target price on shares of Deere & Company from $540.00 to $700.00 and gave the stock a "buy" rating in a report on Tuesday, March 3rd. BMO Capital Markets lifted their target price on shares of Deere & Company from $460.00 to $500.00 and gave the stock a "market perform" rating in a report on Friday, February 20th. Finally, JPMorgan Chase & Co. lifted their target price on shares of Deere & Company from $525.00 to $550.00 and gave the stock a "neutral" rating in a report on Friday. Sixteen investment analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price 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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