TD Waterhouse Canada Inc. Sells 4,642 Shares of Deere & Company $DE

TD Waterhouse Canada Inc. lessened its stake in shares of Deere & Company (NYSE:DE) by 17.6% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 21,721 shares of the industrial products company’s stock after selling 4,642 shares during the quarter. TD Waterhouse Canada Inc.’s holdings in Deere & Company were worth $9,819,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in the business. Traynor Capital Management Inc. raised its stake in Deere & Company by 1.7% during the 3rd quarter. Traynor Capital Management Inc. now owns 17,529 shares of the industrial products company’s stock valued at $8,015,000 after purchasing an additional 295 shares during the last quarter. Mystic Asset Management Inc. lifted its position in shares of Deere & Company by 1.2% during the 3rd quarter. Mystic Asset Management Inc. now owns 4,808 shares of the industrial products company’s stock worth $2,199,000 after buying an additional 57 shares during the period. EPG Wealth Management LLC lifted its holdings in shares of Deere & Company by 2.9% during the third quarter. EPG Wealth Management LLC now owns 5,149 shares of the industrial products company’s stock valued at $2,354,000 after acquiring an additional 144 shares during the period. Pines Wealth Management LLC lifted its holdings in Deere & Company by 4.3% during the 3rd quarter. Pines Wealth Management LLC now owns 832 shares of the industrial products company’s stock valued at $380,000 after purchasing an additional 34 shares during the last quarter. Finally, J. Safra Sarasin Holding AG boosted its holdings in shares of Deere & Company by 9.1% in the 3rd quarter. J. Safra Sarasin Holding AG now owns 69,647 shares of the industrial products company’s stock worth $31,847,000 after acquiring an additional 5,835 shares in the last quarter. Institutional investors and hedge funds own 68.58% of the company’s stock.

Deere & Company Stock Performance

Shares of NYSE DE opened at $529.91 on Friday. Deere & Company has a one year low of $404.42 and a one year high of $537.26. The firm has a market cap of $143.64 billion, a price-to-earnings ratio of 28.63, a P/E/G ratio of 2.09 and a beta of 1.00. The stock’s fifty day moving average price is $486.40 and its two-hundred day moving average price is $482.34. The company has a debt-to-equity ratio of 1.68, a current ratio of 2.22 and a quick ratio of 2.01.

Deere & Company (NYSE:DE) last posted its quarterly earnings data 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). Deere & Company had a net margin of 11.00% and a return on equity of 20.54%. The business had revenue of $12.39 billion during the quarter, compared to the consensus estimate of $9.77 billion. During the same period in the prior year, the firm earned $4.55 EPS. The business’s revenue for the quarter was up 14.1% on a year-over-year basis. On average, equities analysts forecast that Deere & Company will post 19.32 EPS for the current year.

Deere & Company Dividend Announcement

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

Insiders Place Their Bets

In other news, insider Cory J. Reed sold 12,000 shares of the business’s 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 transaction, the insider owned 20,792 shares of the company’s stock, valued at approximately $10,603,920. The trade was a 36.59% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO John C. May II sold 41,472 shares of the stock in a transaction dated Thursday, January 8th. The stock was 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 SEC filing for this sale provides additional information. Insiders have sold a total of 64,578 shares of company stock valued at $32,471,682 in the last three months. 0.29% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on DE shares. Evercore ISI reiterated a “positive” rating on shares of Deere & Company in a research report on Friday, November 28th. Citigroup cut their price objective on Deere & Company from $525.00 to $515.00 and set a “neutral” rating on the stock in a report on Tuesday, October 7th. Truist Financial upped their target price on shares of Deere & Company from $609.00 to $612.00 and gave the stock a “buy” rating in a research note on Friday, November 28th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Deere & Company in a report on Monday, December 29th. Finally, Sanford C. Bernstein reiterated a “market perform” rating on shares of Deere & Company in a report on Tuesday, December 9th. Fifteen investment analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. Based on data from MarketBeat, Deere & Company has an average rating of “Moderate Buy” and a consensus price target of $524.20.

Key Deere & Company News

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?

Deere & Company Company Profile

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.