Lombard Odier Asset Management Europe Ltd Cuts Stake in Deere & Company $DE

Lombard Odier Asset Management Europe Ltd reduced its stake in shares of Deere & Company (NYSE:DE) by 61.7% during the first quarter, Holdings Channel reports. The institutional investor owned 12,961 shares of the industrial products company’s stock after selling 20,887 shares during the quarter. Lombard Odier Asset Management Europe Ltd’s holdings in Deere & Company were worth $7,301,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Norges Bank bought a new position in Deere & Company in the fourth quarter worth $1,715,633,000. Capital World Investors grew its stake in shares of Deere & Company by 53.9% in the fourth quarter. Capital World Investors now owns 9,592,004 shares of the industrial products company’s stock worth $4,465,906,000 after acquiring an additional 3,358,264 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its position in shares of Deere & Company by 1,725.8% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 2,003,715 shares of the industrial products company’s stock worth $932,870,000 after purchasing an additional 1,893,972 shares during the last quarter. M&T Bank Corp grew its position in Deere & Company by 1,199.8% during the 4th quarter. M&T Bank Corp now owns 1,864,701 shares of the industrial products company’s stock valued at $868,149,000 after purchasing an additional 1,721,239 shares during the last quarter. Finally, Diamant Asset Management Inc. lifted its holdings in shares of Deere & Company by 56,230.0% during the 1st quarter. Diamant Asset Management Inc. now owns 610,617 shares of the industrial products company’s stock valued at $343,961,000 after buying an additional 609,533 shares during the period. Institutional investors own 68.58% of the company’s stock.

Key Headlines Impacting Deere & Company

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

• Positive Sentiment: New growth categories could support longer-term expansion. Deere is reportedly finding additional areas for growth beyond its traditional equipment markets, providing a potentially favorable strategic narrative for investors. Deere Stock: Buy, Hold, or Sell?
• Neutral Sentiment: Investors are comparing Deere’s valuation with Alamo Group. Recent value-focused analyses examine whether Deere (DE) or Alamo Group (ALG) offers the better opportunity in the farm-equipment sector. The coverage underscores that Deere remains a closely watched valuation decision, but provides no clear new catalyst by itself. ALG or DE: Which Is the Better Value Stock Right Now?
• Negative Sentiment: Labor negotiations remain a source of uncertainty. Deere and the United Auto Workers are still debating a proposed contract extension ahead of a union vote. Continued negotiations could raise concerns about labor costs, production disruptions, or operational visibility. Deere, UAW still debating contract extension proposal ahead of union vote
• Negative Sentiment: The right-to-repair settlement may increase compliance and support costs. Deere settled an antitrust case that expands farmers’ ability to repair equipment, potentially limiting some manufacturer-controlled service revenue and requiring changes to repair practices. Although the settlement removes litigation uncertainty, its financial and competitive effects may weigh on sentiment. Deere settled an antitrust case that expands farmers’ right to repair equipment
• Negative Sentiment: DE underperformed while the broader market improved. Deere’s recent decline appears partly driven by company-specific concerns rather than a broad market selloff, reinforcing investor focus on labor negotiations, regulatory developments, and valuation. Deere Stock Declines While Market Improves

Deere & Company Price Performance

Shares of NYSE DE opened at $592.70 on Monday. The stock has a market capitalization of $159.99 billion, a price-to-earnings ratio of 33.58, a PEG ratio of 2.50 and a beta of 0.90. The company has a debt-to-equity ratio of 1.54, a current ratio of 2.18 and a quick ratio of 1.95. The firm’s 50 day simple moving average is $591.56 and its 200-day simple moving average is $581.29. Deere & Company has a 12 month low of $433.00 and a 12 month high of $674.19.

Deere & Company (NYSE:DE) last posted its earnings results on Thursday, May 21st. The industrial products company reported $6.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.70 by $0.85. The business had revenue of $13.37 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% on a year-over-year basis. During the same period in the prior year, the company posted $6.64 EPS. Analysts expect that Deere & Company will post 18.26 EPS for the current year.

Deere & Company Announces Dividend

The firm 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 dividend of $1.62 per share. This represents a $6.48 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend is Tuesday, June 30th. Deere & Company’s dividend payout ratio (DPR) is presently 36.71%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the stock. Wall Street Zen raised shares of Deere & Company from a “sell” rating to a “hold” rating in a report on Sunday, July 5th. DA Davidson reiterated a “buy” rating and issued a $685.00 price target on shares of Deere & Company in a research report on Friday, July 17th. Citigroup increased their price target on Deere & Company from $575.00 to $610.00 and gave the company a “neutral” rating in a report on Tuesday, July 14th. Bank of America reduced their price target on Deere & Company from $672.00 to $607.50 and set a “neutral” rating on the stock in a report on Friday, May 22nd. Finally, Oppenheimer restated an “outperform” rating and issued a $680.00 price target (down from $715.00) on shares of Deere & Company in a report on Wednesday, May 27th. Fourteen research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $642.98.

Deere & 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.