Rep. Julia Letlow Sells Off Shares of Deere & Company (NYSE:DE)

Representative Julia Letlow (Republican-Louisiana) recently sold shares of Deere & Company (NYSE:DE). In a filing disclosed on January 13th, the Representative disclosed that they had sold between $1,001 and $15,000 in Deere & Company stock on September 22nd. The trade occurred in the Representative’s “MERRILL LYNCH INVESTMENT ACCOUNT #025” account.

Representative Julia Letlow also recently made the following trade(s):

• Purchased $1,001 – $15,000 in shares of United Rentals (NYSE:URI) on 12/16/2025.
• Sold $1,001 – $15,000 in shares of Pinterest (NYSE:PINS) on 12/16/2025.
• Sold $1,001 – $15,000 in shares of Salesforce (NYSE:CRM) on 12/16/2025.
• Sold $1,001 – $15,000 in shares of Warner Bros. Discovery (NASDAQ:WBD) on 12/8/2025.
• Sold $1,001 – $15,000 in shares of AbbVie (NYSE:ABBV) on 12/8/2025.
• Sold $1,001 – $15,000 in shares of Abbott Laboratories (NYSE:ABT) on 12/8/2025.
• Sold $1,001 – $15,000 in shares of Mettler-Toledo International (NYSE:MTD) on 12/8/2025.
• Purchased $1,001 – $15,000 in shares of Icon Energy (NASDAQ:ICON) on 12/8/2025.
• Purchased $1,001 – $15,000 in shares of Devon Energy (NYSE:DVN) on 12/8/2025.
• Purchased $1,001 – $15,000 in shares of AstraZeneca (NASDAQ:AZN) on 12/8/2025.

Deere & Company Stock Down 1.1%

Deere & Company stock opened at $592.69 on Wednesday. The company has a debt-to-equity ratio of 1.59, a current ratio of 2.21 and a quick ratio of 1.96. Deere & Company has a fifty-two week low of $404.42 and a fifty-two week high of $674.19. The firm has a fifty day moving average price of $557.00 and a two-hundred day moving average price of $501.12. The firm has a market cap of $160.09 billion, a price-to-earnings ratio of 33.41, a P/E/G ratio of 2.11 and a beta of 0.96.

Deere & Company (NYSE:DE) last issued its quarterly earnings results on Thursday, February 19th. The industrial products company reported $2.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.90 by $0.52. The company had revenue of $9.61 billion for the quarter, compared to the consensus estimate of $7.50 billion. Deere & Company had a return on equity of 18.93% and a net margin of 10.29%.The firm’s revenue was up 17.5% compared to the same quarter last year. During the same period last year, the business posted $3.19 earnings per share. As a group, analysts forecast that Deere & Company will post 19.32 earnings per share for the current year.

Deere & Company Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, May 8th. Shareholders of record on Tuesday, March 31st will be given a dividend of $1.62 per share. The ex-dividend date of this dividend is Tuesday, March 31st. This represents a $6.48 dividend on an annualized basis and a yield of 1.1%. Deere & Company’s payout ratio is currently 36.53%.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. BMO Capital Markets increased their target price on Deere & Company from $460.00 to $500.00 and gave the company a “market perform” rating in a research note on Friday, February 20th. JPMorgan Chase & Co. dropped their price target on Deere & Company from $480.00 to $460.00 and set a “neutral” rating on the stock in a research report on Friday, December 19th. Royal Bank Of Canada upped their price target on Deere & Company from $541.00 to $736.00 and gave the stock an “outperform” rating in a report on Friday, February 20th. Morgan Stanley increased their price objective on Deere & Company from $560.00 to $730.00 and gave the company an “overweight” rating in a research report on Monday, February 23rd. Finally, DA Davidson raised their price objective on shares of Deere & Company from $580.00 to $775.00 and gave the stock a “buy” rating in a research note on Friday, February 20th. Sixteen equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Deere & Company currently has a consensus rating of “Moderate Buy” and an average price target of $644.70.

Institutional Investors Weigh In On Deere & Company

Institutional investors have recently added to or reduced their stakes in the company. Advisortrust Partners LLC acquired a new position in Deere & Company in the 4th quarter valued at approximately $417,000. Corient Private Wealth LLC lifted its position in shares of Deere & Company by 76.4% in the 4th quarter. Corient Private Wealth LLC now owns 632,157 shares of the industrial products company’s stock worth $294,351,000 after acquiring an additional 273,842 shares during the period. Union Savings Bank acquired a new stake in shares of Deere & Company during the 4th quarter worth approximately $241,000. Hsbc Holdings PLC grew its holdings in shares of Deere & Company by 7.8% during the 4th quarter. Hsbc Holdings PLC now owns 517,406 shares of the industrial products company’s stock worth $241,224,000 after purchasing an additional 37,319 shares in the last quarter. Finally, Mengis Capital Management Inc. increased its position in shares of Deere & Company by 6.8% during the fourth quarter. Mengis Capital Management Inc. now owns 27,120 shares of the industrial products company’s stock valued at $12,626,000 after purchasing an additional 1,730 shares during the period. 68.58% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Deere & Company news, CEO John C. May II sold 41,472 shares of Deere & Company stock in a transaction on Thursday, January 8th. The shares were sold at an average price of $501.49, for a total transaction of $20,797,793.28. Following the sale, the chief executive officer owned 117,970 shares in the company, valued at $59,160,775.30. The trade was a 26.01% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Cory J. Reed sold 12,000 shares of the business’s stock in a transaction on Wednesday, January 14th. The shares were 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 directly owned 20,792 shares in the company, valued at $10,603,920. This trade represents a 36.59% decrease in their position. The disclosure for this sale is available in the SEC filing. Corporate insiders own 0.29% of the company’s stock.

About Representative Letlow

Julia Letlow (Republican Party) is a member of the U.S. House, representing Louisiana’s 5th Congressional District. She assumed office on April 14, 2021. Her current term ends on January 3, 2027.

Letlow (Republican Party) is running for re-election to the U.S. House to represent Louisiana’s 5th Congressional District. She declared candidacy for the primary scheduled on November 3, 2026.

Julia Letlow earned a doctorate. Letlow’s career experience includes working as a senior administrator with the University of Louisiana at Monroe.

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.