Deere & Company $DE Shares Sold by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. lowered its stake in Deere & Company (NYSE:DE) by 14.7% during the third quarter, HoldingsChannel reports. The firm owned 54,605 shares of the industrial products company’s stock after selling 9,435 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Deere & Company were worth $24,969,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. The Manufacturers Life Insurance Company raised its position in Deere & Company by 30.6% during the second quarter. The Manufacturers Life Insurance Company now owns 364,103 shares of the industrial products company’s stock valued at $185,143,000 after buying an additional 85,351 shares during the period. OLD National Bancorp IN grew its stake in shares of Deere & Company by 2.6% in the 2nd quarter. OLD National Bancorp IN now owns 24,000 shares of the industrial products company’s stock valued at $12,204,000 after buying an additional 610 shares in the last quarter. Csenge Advisory Group grew its position in Deere & Company by 84.9% in the third quarter. Csenge Advisory Group now owns 7,440 shares of the industrial products company’s stock worth $3,402,000 after acquiring an additional 3,416 shares in the last quarter. Mesirow Financial Investment Management Inc. boosted its holdings in Deere & Company by 1.0% in the second quarter. Mesirow Financial Investment Management Inc. now owns 4,678 shares of the industrial products company’s stock worth $2,379,000 after purchasing an additional 45 shares in the last quarter. Finally, MASTERINVEST Kapitalanlage GmbH bought a new stake in shares of Deere & Company during the 2nd quarter worth about $3,615,000. 68.58% of the stock is currently owned by hedge funds and other institutional investors.

Trending Headlines about Deere & Company

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

• Positive Sentiment: Market-driven rally — Traders are rotating out of big tech into cyclical, economy-linked stocks, helping push DE to intraday and all-time highs as investors position for rate cuts and stronger growth. Deere shares jump to record as traders rotate out of tech
• Positive Sentiment: All-time-high print — Multiple outlets report DE hitting record levels, signaling renewed investor appetite and momentum for the stock. Deere and Company stock hits all-time high at 533.99 USD
• Positive Sentiment: Capacity expansion — Deere announced plans to open two new U.S. industrial facilities (Indiana and North Carolina), which should support production and delivery capabilities as demand recovers. John Deere to Open Two New Industrial Facilities in Indiana, North Carolina
• Positive Sentiment: Targeted investment — Deere is investing roughly $70 million in a North Carolina facility, reinforcing U.S. manufacturing capacity and government/PR tailwinds highlighted by political attention. Deere & Co Invests $70 Million In North Carolina Facility
• Neutral Sentiment: Workforce update — Deere plans to recall 99 workers at Davenport and Dubuque plants in February, indicating incremental production ramp-ups but on a modest scale. This supports operations but is not a material hiring surge. John Deere to recall 99 workers at Davenport, Dubuque plants in February
• Neutral Sentiment: Valuation and demand questions — Recent analyst/coverage pieces are evaluating whether current DE pricing already reflects long-term agricultural demand and cyclical upside; these are reminders to weigh fundamentals (PE ~28.6, PEG ~2.1) against momentum. Can Deere & Company Stock Deliver Better Returns by 2026?

Insider Activity

In other news, CEO John C. May II sold 41,472 shares of the company’s stock in a transaction dated Thursday, January 8th. The stock was sold at an average price of $501.49, for a total value of $20,797,793.28. Following the completion of the sale, the chief executive officer directly owned 117,970 shares of the company’s stock, valued at $59,160,775.30. This represents a 26.01% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Cory J. Reed sold 12,000 shares of the stock in a transaction on Wednesday, January 14th. The stock was 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 approximately $10,603,920. This trade represents a 36.59% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 64,578 shares of company stock valued at $32,471,682 over the last 90 days. Corporate insiders own 0.29% of the company’s stock.

Analyst Ratings Changes

Several analysts recently issued reports on DE shares. DA Davidson reaffirmed a “buy” rating and set a $580.00 price objective on shares of Deere & Company in a report on Monday, December 1st. Zacks Research upgraded Deere & Company from a “strong sell” rating to a “hold” rating in a research note on Wednesday, December 3rd. Morgan Stanley reissued an “overweight” rating and issued a $560.00 price target on shares of Deere & Company in a report on Tuesday, December 9th. UBS Group reiterated a “buy” rating on shares of Deere & Company in a research note on Tuesday, November 25th. Finally, Keefe, Bruyette & Woods restated an “outperform” rating on shares of Deere & Company in a research note on Monday, December 1st. Fifteen 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, Deere & Company has a consensus rating of “Moderate Buy” and an average target price of $524.20.

Deere & Company Stock Up 0.9%

NYSE DE opened at $529.91 on Friday. The stock has a fifty day moving average of $486.40 and a 200-day moving average of $482.34. The company has a debt-to-equity ratio of 1.68, a quick ratio of 2.01 and a current ratio of 2.22. The stock has a market capitalization of $143.64 billion, a P/E ratio of 28.63, a price-to-earnings-growth ratio of 2.09 and a beta of 1.00. Deere & Company has a 52 week low of $404.42 and a 52 week high of $537.26.

Deere & Company (NYSE:DE) last released its earnings results on Wednesday, November 26th. The industrial products company reported $3.93 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.96 by ($0.03). The business had revenue of $12.39 billion for the quarter, compared to analyst estimates of $9.77 billion. Deere & Company had a net margin of 11.00% and a return on equity of 20.54%. The business’s revenue for the quarter was up 14.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $4.55 earnings per share. On average, equities research analysts forecast that Deere & Company will post 19.32 EPS for the current year.

Deere & Company Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, February 9th. Investors of record on Wednesday, December 31st will be paid a dividend of $1.62 per share. The ex-dividend date of this dividend is Wednesday, December 31st. This represents a $6.48 dividend on an annualized basis and a dividend yield of 1.2%. Deere & Company’s payout ratio is 35.01%.

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.