Norges Bank Purchases New Position in Deere & Company $DE

Posted by Brenda Bartman on May 30th, 2026

Norges Bank purchased a new stake in Deere & Company (NYSE:DE – Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 3,685,016 shares of the industrial products company’s stock, valued at approximately $1,715,633,000.

Several other institutional investors have also bought and sold shares of DE. Brighton Jones LLC boosted its stake in Deere & Company by 39.1% in the 4th quarter. Brighton Jones LLC now owns 4,548 shares of the industrial products company’s stock valued at $1,927,000 after buying an additional 1,278 shares in the last quarter. Schnieders Capital Management LLC. boosted its stake in Deere & Company by 7.8% in the second quarter. Schnieders Capital Management LLC. now owns 2,076 shares of the industrial products company’s stock worth $1,056,000 after purchasing an additional 150 shares in the last quarter. Jump Financial LLC acquired a new position in Deere & Company in the second quarter worth $2,153,000. NewEdge Advisors LLC boosted its stake in Deere & Company by 6.0% in the second quarter. NewEdge Advisors LLC now owns 18,758 shares of the industrial products company’s stock worth $9,538,000 after purchasing an additional 1,067 shares in the last quarter. Finally, Main Street Financial Solutions LLC boosted its stake in Deere & Company by 6.7% in the second quarter. Main Street Financial Solutions LLC now owns 1,551 shares of the industrial products company’s stock worth $789,000 after purchasing an additional 97 shares in the last quarter. Institutional investors and hedge funds own 68.58% of the company’s stock.

Deere & Company Trading Up 0.6%

Shares of DE opened at $542.34 on Friday. The company has a quick ratio of 1.95, a current ratio of 2.18 and a debt-to-equity ratio of 1.54. Deere & Company has a 12-month low of $433.00 and a 12-month high of $674.19. The firm has a market capitalization of $146.49 billion, a PE ratio of 30.73, a price-to-earnings-growth ratio of 2.00 and a beta of 0.96. The stock’s fifty day simple moving average is $572.29 and its 200-day simple moving average is $542.07.

Deere & Company (NYSE:DE – Get Free Report) last issued its quarterly earnings results on Thursday, May 21st. The industrial products company reported $6.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.70 by $0.85. Deere & Company had a return on equity of 18.25% and a net margin of 10.09%.The business had revenue of $13.37 billion for the quarter, compared to analyst estimates of $11.55 billion. During the same quarter in the prior year, the firm posted $6.64 earnings per share. The firm’s revenue for the quarter was up 5.4% compared to the same quarter last year. As a group, research analysts predict that Deere & Company will post 18.08 earnings per share for the current year.

Deere & Company Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, August 10th. Stockholders of record on Tuesday, June 30th will be paid a dividend of $1.62 per share. This represents a $6.48 annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend is Tuesday, June 30th. Deere & Company’s dividend payout ratio is 36.71%.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the company. Raymond James Financial reduced their price objective on Deere & Company from $765.00 to $700.00 and set an “outperform” rating on the stock in a research note on Friday, May 22nd. Jefferies Financial Group raised Deere & Company from an “underperform” rating to a “hold” rating and set a $550.00 price objective on the stock in a research note on Wednesday, April 8th. Morgan Stanley boosted their price objective on Deere & Company from $560.00 to $730.00 and gave the stock an “overweight” rating in a research note on Monday, February 23rd. Wall Street Zen raised Deere & Company from a “sell” rating to a “hold” rating in a research note on Saturday, February 7th. Finally, Bank of America reduced their price objective on Deere & Company from $672.00 to $607.50 and set a “neutral” rating on the stock in a research note on Friday, May 22nd. Fifteen analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. According to MarketBeat.com, Deere & Company presently has an average rating of “Moderate Buy” and an average price target of $638.08.

Check Out Our Latest Analysis on DE

Deere & Company Profile

(Free Report)

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.