Varma Mutual Pension Insurance Co Makes New Investment in Deere & Company $DE

Posted by Francis Steltz on Aug 23rd, 2026

Varma Mutual Pension Insurance Co bought a new stake in Deere & Company (NYSE:DE – Free Report) in the second quarter, HoldingsChannel.com reports. The institutional investor bought 45,367 shares of the industrial products company’s stock, valued at approximately $28,778,000.

Several other institutional investors have also modified their holdings of the company. George Kaiser Family Foundation acquired a new stake in shares of Deere & Company in the 2nd quarter worth approximately $265,000. De Lisle Partners LLP acquired a new position in Deere & Company during the second quarter worth $7,924,000. Westpac Banking Corp acquired a new position in Deere & Company during the second quarter worth $5,587,000. Iyo Bank Ltd. purchased a new stake in Deere & Company during the second quarter worth $6,394,000. Finally, TRB Wealth Management LLC purchased a new stake in Deere & Company during the second quarter worth $623,000. Hedge funds and other institutional investors own 68.58% of the company’s stock.

Deere & Company News Summary

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

Positive Sentiment: Q3 earnings and revenue beat expectations. Deere reported earnings of $5.10 per share, up from $4.75 a year earlier, on revenue of $12.61 billion, which rose about 6% year over year and exceeded analyst estimates. Deere Reports Third Quarter Net Income
Positive Sentiment: Management raised its fiscal 2026 outlook. Deere increased its net-income forecast to $4.75 billion-$5.00 billion and expects $5.0 billion-$5.5 billion in equipment-operations cash flow, improving confidence in profitability and cash generation. Deere Raises FY2026 Outlook
Positive Sentiment: Construction and forestry provided the key growth engine. Demand for bulldozers, excavators and other earth-moving equipment is largely booked through the rest of the year, supported by data-center and energy-infrastructure construction tied to artificial-intelligence investment. Deere Lifts Sales Guidance
Positive Sentiment: The agricultural cycle may be nearing a bottom. Executives characterized fiscal 2026 as the likely trough for the agricultural equipment cycle and pointed to improving early order trends and potentially stronger demand in 2027. Deere also recognized $110 million in tariff refunds during the quarter. DE Q3 Earnings Call Highlights
Neutral Sentiment: Analyst reactions were mixed but generally reflected higher estimates. Robert W. Baird raised its target to $640 and JPMorgan increased its target to $585, while both retained neutral ratings. Other analysts lifted targets as high as $685, indicating expectations have improved but also that valuation and limited near-term upside remain concerns. Deere Analysts Increase Forecasts
Negative Sentiment: Agriculture remains a constraint. Production and precision agriculture demand is still weak, and Bank of America cautioned that any recovery may be gradual rather than a sharp cyclical rebound. The stock’s elevated valuation could make it vulnerable if farm-market improvement is delayed.

Analyst Ratings Changes

DE has been the subject of a number of research analyst reports. Raymond James Financial dropped their price target on Deere & Company from $765.00 to $700.00 and set an “outperform” rating for the company in a research report on Friday, May 22nd. Robert W. Baird boosted their price objective on shares of Deere & Company from $525.00 to $640.00 and gave the stock a “neutral” rating in a research report on Friday. DA Davidson set a $585.00 price objective on shares of Deere & Company in a research note on Friday. Oppenheimer raised their target price on shares of Deere & Company from $680.00 to $685.00 and gave the company an “outperform” rating in a report on Thursday. Finally, Seaport Research Partners set a $570.00 target price on shares of Deere & Company in a research report on Friday, August 14th. Fourteen investment analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. According to MarketBeat, Deere & Company currently has a consensus rating of “Moderate Buy” and an average target price of $643.38.

Check Out Our Latest Report on DE

Deere & Company Stock Performance

Shares of DE opened at $648.61 on Friday. Deere & Company has a 1 year low of $433.00 and a 1 year high of $674.19. The company’s 50 day simple moving average is $606.90 and its 200 day simple moving average is $590.75. The company has a market capitalization of $175.09 billion, a price-to-earnings ratio of 36.03, a PEG ratio of 2.74 and a beta of 0.90. The company has a debt-to-equity ratio of 1.45, a quick ratio of 1.95 and a current ratio of 2.10.

Deere & Company (NYSE:DE – Get Free Report) last released its earnings results on Thursday, August 20th. The industrial products company reported $5.10 EPS for the quarter, topping the consensus estimate of $4.69 by $0.41. The firm had revenue of $12.61 billion during the quarter, compared to analysts’ expectations of $10.81 billion. Deere & Company had a net margin of 10.16% and a return on equity of 18.10%. Deere & Company’s revenue for the quarter was up 6.2% on a year-over-year basis. During the same period in the previous year, the company earned $4.75 EPS. On average, sell-side analysts predict that Deere & Company will post 18.23 EPS for the current year.

Deere & Company Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 10th. Stockholders of record on Tuesday, June 30th were given a $1.62 dividend. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $6.48 dividend on an annualized basis and a dividend yield of 1.0%. Deere & Company’s payout ratio is currently 36.00%.

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.