Deere & Company $DE Stock: M&G PLC Cuts Stake

M&G PLC lessened its holdings in Deere & Company (NYSE:DE) by 32.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,068 shares of the industrial products company’s stock after selling 1,481 shares during the period. M&G PLC’s holdings in Deere & Company were worth $2,062,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of DE. Mowery & Schoenfeld Wealth Management LLC acquired a new position in Deere & Company during the second quarter worth $27,000. Kilter Group LLC acquired a new stake in shares of Deere & Company in the second quarter worth about $29,000. Solstein Capital LLC acquired a new stake in shares of Deere & Company in the second quarter worth about $30,000. Orion Capital Management LLC bought a new stake in shares of Deere & Company during the 2nd quarter worth about $32,000. Finally, Downshift Financial LLC boosted its stake in shares of Deere & Company by 218.8% during the 3rd quarter. Downshift Financial LLC now owns 51 shares of the industrial products company’s stock worth $34,000 after acquiring an additional 35 shares in the last quarter. 68.58% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on DE shares. DA Davidson increased their price objective on Deere & Company from $685.00 to $760.00 and gave the company a “buy” rating in a report on Monday, August 24th. Truist Financial reduced their target price on Deere & Company from $812.00 to $804.00 and set a “buy” rating for the company in a report on Monday, August 24th. Nomura raised Deere & Company to a “buy” rating in a research report on Monday, August 31st. Bank of America upped their target price on Deere & Company from $667.00 to $715.00 in a research report on Thursday, September 24th. Finally, Evercore upgraded Deere & Company from an “in-line” rating to an “outperform” rating and set a $813.00 price target on the stock in a report on Wednesday, September 2nd. Seventeen research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $688.10.

Deere & Company Trading Up 0.6%

Deere & Company stock opened at $691.45 on Thursday. The company has a debt-to-equity ratio of 1.45, a quick ratio of 1.89 and a current ratio of 2.10. The business’s 50-day simple moving average is $669.14 and its 200-day simple moving average is $610.65. The firm has a market capitalization of $186.43 billion, a PE ratio of 38.41, a PEG ratio of 1.95 and a beta of 0.89. Deere & Company has a 52 week low of $455.90 and a 52 week high of $721.22.

Deere & Company (NYSE:DE) last announced its earnings results on Thursday, August 20th. The industrial products company reported $5.10 earnings per share for the quarter, beating the consensus estimate of $4.69 by $0.41. The firm had revenue of $12.61 billion during the quarter, compared to the consensus estimate of $10.81 billion. Deere & Company had a return on equity of 18.10% and a net margin of 10.16%. The firm’s revenue for the quarter was up 6.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $4.75 EPS. Equities research analysts forecast that Deere & Company will post 18.11 earnings per share for the current year.

Deere & Company Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, November 9th. Stockholders of record on Wednesday, September 30th were issued a dividend of $1.62 per share. The ex-dividend date was Wednesday, September 30th. This represents a $6.48 dividend on an annualized basis and a dividend yield of 0.9%. Deere & Company’s payout ratio is 36.00%.

Key Deere & Company News

Here’s some of the latest news about DE:

• Neutral Sentiment: Deere will discuss fourth-quarter 2026 results on Nov. 25. The announcement sets a date for the next major financial update but provides no new performance guidance. Deere to Announce Fourth Quarter 2026 Financial Results
• Neutral Sentiment: Deere attracted increased attention from Zacks.com users, but the report offers no specific new company developments or financial information to explain that interest. Deere Is Attracting Investor Attention
• Negative Sentiment: Deere plans to close two Iowa plants and move some production to other U.S. facilities and Brazil, citing the need to align capacity with demand. The restructuring could improve efficiency over time, but closures and production shifts bring execution and workforce uncertainty. Deere to End Production at Two Iowa Plants

About Deere & Company

Deere & Company, commonly known as John Deere, manufactures and distributes equipment and technology for agriculture, construction, forestry, and lawn care. Its products include tractors, combines, planting and spraying equipment, construction machinery, forestry equipment, and turf-care products, along with related parts and services. The company also provides precision agriculture technologies designed to help customers monitor and manage equipment and field operations. Through its Financial Services business, Deere offers financing and leasing options for equipment and related products.