Texas Capital Bank Wealth Management Services Inc Acquires 5,281 Shares of Deere & Company $DE

Key Points

• Texas Capital Bank Wealth Management Services increased its Deere stake by 19% in Q4, buying 5,281 additional shares and bringing its total to 33,040 shares worth about $15.4 million.
• Deere reported better-than-expected fiscal Q2 results, with EPS of $6.55 versus the $5.70 estimate and revenue of $11.78 billion, up 5.4% year over year.
• The company also announced a quarterly dividend of $1.62 per share, while analysts remain broadly constructive: RBC lifted its target to $752 and Deere currently carries a Moderate Buy consensus.

Texas Capital Bank Wealth Management Services Inc boosted its holdings in shares of Deere & Company (NYSE:DE - Free Report) by 19.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 33,040 shares of the industrial products company's stock after acquiring an additional 5,281 shares during the period. Deere & Company comprises about 0.9% of Texas Capital Bank Wealth Management Services Inc's portfolio, making the stock its 20th largest position. Texas Capital Bank Wealth Management Services Inc's holdings in Deere & Company were worth $15,382,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. Strategic Advocates LLC purchased a new position in shares of Deere & Company in the 3rd quarter valued at approximately $25,000. Key Capital Management INC acquired a new position in Deere & Company in the 4th quarter worth about $27,000. Activest Wealth Management raised its holdings in Deere & Company by 69.2% in the 3rd quarter. Activest Wealth Management now owns 66 shares of the industrial products company's stock worth $30,000 after purchasing an additional 27 shares during the period. McIlrath & Eck LLC purchased a new stake in Deere & Company in the 4th quarter worth $30,000. Finally, Wealth Watch Advisors INC purchased a new stake in Deere & Company in the 3rd quarter worth $32,000. 68.58% of the stock is currently owned by institutional investors.

Deere & Company News Roundup

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.

Deere & Company Stock Performance

Shares of DE opened at $529.26 on Thursday. The company has a current ratio of 2.18, a quick ratio of 1.95 and a debt-to-equity ratio of 1.54. The firm has a market cap of $142.96 billion, a PE ratio of 29.99, a price-to-earnings-growth ratio of 1.97 and a beta of 0.96. The company's 50 day simple moving average is $573.56 and its 200-day simple moving average is $541.56. Deere & Company has a 12-month low of $433.00 and a 12-month high of $674.19.

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

Deere & Company Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 10th. Investors of record on Tuesday, June 30th will be given a $1.62 dividend. This represents a $6.48 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date is Tuesday, June 30th. Deere & Company's dividend payout ratio (DPR) is 36.71%.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Citigroup dropped their target price on shares of Deere & Company from $625.00 to $595.00 and set a "neutral" rating for the company in a report on Friday, May 22nd. Barclays increased their target price on shares of Deere & Company from $530.00 to $640.00 and gave the stock an "overweight" rating in a research note on Tuesday, March 31st. Bank of America lowered their target price on shares of Deere & Company from $672.00 to $607.50 and set a "neutral" rating for the company in a research note on Friday, May 22nd. JPMorgan Chase & Co. raised their price objective on shares of Deere & Company from $550.00 to $560.00 and gave the company a "neutral" rating in a research note on Friday, May 22nd. Finally, Royal Bank Of Canada raised their price objective on shares of Deere & Company from $736.00 to $752.00 and gave the company an "outperform" rating in a research note on Tuesday. Fifteen equities research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target 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.

Want to see what other hedge funds are holding DE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Deere & Company (NYSE:DE - Free Report).

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.