TD Waterhouse Canada Inc. Has $9.82 Million Position in Deere & Company $DE

TD Waterhouse Canada Inc. reduced its stake in Deere & Company (NYSE:DE) by 17.6% during the third quarter, Holdings Channel.com reports. The fund owned 21,721 shares of the industrial products company’s stock after selling 4,642 shares during the period. TD Waterhouse Canada Inc.’s holdings in Deere & Company were worth $9,819,000 at the end of the most recent quarter.

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

Insider Activity at Deere & Company

In related news, insider Cory J. Reed sold 12,000 shares of the company’s stock in a transaction that occurred 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 in the company, valued at $10,603,920. This represents a 36.59% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO John C. May II sold 41,472 shares of the company’s stock in a transaction on 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 owned 117,970 shares of the company’s stock, valued at $59,160,775.30. This trade represents a 26.01% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 64,578 shares of company stock worth $32,471,682 over the last three months. Insiders own 0.29% of the company’s stock.

Key Stories Impacting 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?

Analysts Set New Price Targets

DE has been the topic of several analyst reports. Truist Financial boosted their price target on shares of Deere & Company from $609.00 to $612.00 and gave the stock a “buy” rating in a report on Friday, November 28th. Weiss Ratings restated a “hold (c+)” rating on shares of Deere & Company in a research note on Monday, December 29th. UBS Group restated a “buy” rating on shares of Deere & Company in a research note on Tuesday, November 25th. Evercore ISI restated a “positive” rating on shares of Deere & Company in a research note on Friday, November 28th. Finally, DA Davidson restated a “buy” rating and set a $580.00 price target on shares of Deere & Company in a research report on Monday, December 1st. Fifteen analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $524.20.

Deere & Company Stock Performance

NYSE DE opened at $529.91 on Friday. The company has a 50-day simple moving average of $486.40 and a two-hundred day simple moving average of $482.34. The company has a quick ratio of 2.01, a current ratio of 2.22 and a debt-to-equity ratio of 1.68. Deere & Company has a 12-month low of $404.42 and a 12-month high of $537.26. The firm has a market cap of $143.64 billion, a price-to-earnings ratio of 28.63, a PEG ratio of 2.09 and a beta of 1.00.

Deere & Company (NYSE:DE) last announced its quarterly earnings results on Wednesday, November 26th. The industrial products company reported $3.93 EPS for the quarter, missing analysts’ consensus estimates of $3.96 by ($0.03). Deere & Company had a return on equity of 20.54% and a net margin of 11.00%.The company had revenue of $12.39 billion during the quarter, compared to analysts’ expectations of $9.77 billion. During the same period last year, the firm earned $4.55 earnings per share. Deere & Company’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 firm also recently announced a quarterly dividend, which will be paid on Monday, February 9th. Investors of record on Wednesday, December 31st will be paid a $1.62 dividend. The ex-dividend date of this dividend is Wednesday, December 31st. This represents a $6.48 annualized dividend and a dividend yield of 1.2%. Deere & Company’s dividend payout ratio (DPR) is presently 35.01%.

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.