Primecap Management Co. CA Has $33.93 Million Position in Deere & Company $DE

Primecap Management Co. CA cut its holdings in Deere & Company (NYSE:DE) by 13.2% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 74,210 shares of the industrial products company’s stock after selling 11,300 shares during the quarter. Primecap Management Co. CA’s holdings in Deere & Company were worth $33,933,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in DE. Howard Hughes Medical Institute bought a new position in shares of Deere & Company in the 2nd quarter worth $27,000. Activest Wealth Management boosted its holdings in Deere & Company by 69.2% during the third quarter. Activest Wealth Management now owns 66 shares of the industrial products company’s stock worth $30,000 after buying an additional 27 shares during the last quarter. Center for Financial Planning Inc. grew its position in shares of Deere & Company by 406.7% during the 2nd quarter. Center for Financial Planning Inc. now owns 76 shares of the industrial products company’s stock worth $39,000 after buying an additional 61 shares during the period. Soundwatch Capital LLC acquired a new position in shares of Deere & Company during the 2nd quarter worth about $41,000. Finally, United Community Bank increased its stake in shares of Deere & Company by 67.3% in the 3rd quarter. United Community Bank now owns 92 shares of the industrial products company’s stock valued at $42,000 after acquiring an additional 37 shares during the last quarter. Institutional investors own 68.58% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. UBS Group lifted their price objective on shares of Deere & Company from $535.00 to $775.00 and gave the stock a “buy” rating in a research note on Friday, February 20th. 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 research report on Friday, February 20th. Raymond James Financial reaffirmed an “outperform” rating and set a $765.00 price objective on shares of Deere & Company in a research note on Monday. Wells Fargo & Company lifted their target price on Deere & Company from $543.00 to $750.00 and gave the stock an “overweight” rating in a report on Friday, February 20th. Finally, Oppenheimer restated an “outperform” rating and issued a $715.00 price target on shares of Deere & Company in a report on Friday, February 20th. Fifteen investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Deere & Company currently has an average rating of “Moderate Buy” and a consensus price target of $637.70.

Key Stories Impacting Deere & Company

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

• Positive Sentiment: Board declared a quarterly dividend of $1.62 per share (record Mar 31, payable May 8), supporting income-focused investor demand and signaling confidence in cash flow. Article Title
• Positive Sentiment: Analysts and strategists are highlighting Deere as an AI/industrial beneficiary as companies rotate into “old economy” names that are adopting AI-driven productivity and subscription models — a narrative that can support multiple expansion and revenue durability. Article Title
• Positive Sentiment: High-profile endorsements and media coverage (e.g., Jim Cramer) praise Deere’s precision-ag and digital offerings, which can boost retail/flow-driven buying and reinforce the company’s growth story. Article Title
• Positive Sentiment: Partnerships in ag data and digital agronomy (mentioned in coverage of Bayer’s crop science moves) reinforce Deere’s role in farm software/hardware ecosystems — a long-term monetization opportunity. Article Title
• Neutral Sentiment: Shareholders rejected an anti‑DEI proposal — governance outcome that reduces potential reputational/governance noise but is unlikely to move fundamentals materially in the short term. Article Title
• Neutral Sentiment: New industry reports profile Deere’s digital transformation strategy — useful for the long-term narrative but incremental to near-term earnings. Article Title
• Negative Sentiment: Relative to Caterpillar, recent coverage highlights diverging earnings trajectories — Deere positioned as a recovery play while CAT posted a record quarter. That comparison can pressure DE shares if investors prefer the stronger near-term growth story in peers. Article Title

Deere & Company Trading Down 0.7%

DE opened at $619.32 on Friday. The stock has a market capitalization of $167.88 billion, a P/E ratio of 34.91, a P/E/G ratio of 2.23 and a beta of 1.02. 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 firm’s fifty day simple moving average is $534.67 and its 200 day simple moving average is $494.74.

Deere & Company (NYSE:DE) last released its quarterly earnings results on Thursday, February 19th. The industrial products company reported $2.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.90 by $0.52. The firm had revenue of $9.61 billion for the quarter, compared to the consensus estimate of $7.50 billion. Deere & Company had a return on equity of 18.93% and a net margin of 10.29%.The company’s revenue for the quarter was up 17.5% on a year-over-year basis. During the same quarter last year, the business posted $3.19 EPS. As a group, research analysts anticipate that Deere & Company will post 19.32 EPS for the current fiscal year.

Deere & Company Announces Dividend

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 $1.62 dividend. The ex-dividend date is Tuesday, March 31st. This represents a $6.48 annualized dividend and a yield of 1.0%. Deere & Company’s payout ratio is presently 36.53%.

Insider Buying and Selling

In other news, CEO John C. May II sold 41,472 shares of the firm’s stock in a transaction that occurred on Thursday, January 8th. The shares were sold at an average price of $501.49, for a total transaction of $20,797,793.28. Following the completion of the transaction, the chief executive officer directly owned 117,970 shares of the company’s stock, valued at $59,160,775.30. This trade represents a 26.01% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Cory J. Reed sold 12,000 shares of Deere & Company stock in a transaction that occurred on Wednesday, January 14th. The shares were sold at an average price of $510.00, for a total transaction of $6,120,000.00. Following the completion of the sale, the insider owned 20,792 shares in the company, valued at $10,603,920. This trade represents a 36.59% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 0.29% of the company’s stock.

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.