Lord, Abbett Adds $30M in Deere & Company ($DE)
Lord, Abbett boosted its holdings in Deere & Company by 21.9%, reflecting confidence in the machinery giant.
Key Points
- Lord, Abbett increased its Deere & Company holdings by 21.9%, adding 47,543 shares to total 264,428 shares valued at $155.3 million.
- Deere & Company has a market cap of $158 billion and trades at a forward P/E of 25.6, with a 52-week range between $433 and $674.19.
- Analysts have set a mean price target of $644.21 for Deere & Company, with recent ratings from JP Morgan, RBC Capital, and DA Davidson.
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Lord, Abbett recently filed a Form 13F with the SEC, revealing a significant increase in its holdings of Deere & Company (NYSE: DE). As of the filing date, the firm boosted its stake by 21.9%, adding 47,543 shares. This brings its total holdings to 264,428 shares, valued at approximately $155.3 million.
What Changed in Lord, Abbett's Deere & Company Position
Lord, Abbett's move represents a notable increase in its investment in Deere & Company. Previously holding 216,885 shares, the firm expanded its position by 47,543 shares, marking a 21.9% increase. The total value of its holdings now stands at about $155.3 million.
Other Institutional Activity in Deere & Company
Other major institutional investors have also been active in Deere & Company. BlackRock, Inc. reduced its holdings by 593,426 shares, leaving it with 18,315,823 shares valued at $10.3 billion. Vanguard Capital Management LLC added 16,525,075 shares, bringing its total to 16,525,075 shares worth $9.3 billion. Capital World Investors increased its position by 2,680,890 shares, ending with 12,272,894 shares valued at $6.9 billion. State Street Corp added 125,432 shares, totaling 10,611,381 shares valued at $5.9 billion.
Deere & Company Stock Down 4.2%
Shares of NYSE:DE traded near $587.18. Deere & Company has a market cap of approximately $158 billion and a P/E ratio of 33.1. The stock has a 52-week low of $433 and a high of $674.19. It has a 50-day moving average of $574.33 and a 200-day moving average of $526.25. The company's beta is 0.928, indicating lower volatility compared to the market.
$DE stock price
Daily closing prices, year to date. Not investment advice.
Recent Earnings
Deere & Company reported revenues of $47.3 billion, with a revenue growth decline of 11.1%. The company achieved a net margin of 10.1% and a return on equity of 18.3%. The next earnings release is scheduled for August 20, 2026.
Earnings drift grade
Outlook vs expectations on the last report — not price action.
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Forward outlook
2 target raises vs 2 cuts.
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EPS & revenue
EPS beat estimates by 11.5%. Revenue beat estimates by 12.5%.
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Profit surprise
EBITDA beat by 27 percent. Operating income beat by 47 percent.
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Pre-earnings setup
Expectations were about average.
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Analyst signal
2 target raises, 2 target cuts.
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Earnings quality
Gross margin down 1.1 points. Operating margin down 0.5 points. Positive free cash flow.
Earnings Call Summary
Deere reported 13.4 billion dollars in revenue, up 5 percent year over year, beating consensus by 1.5 billion dollars. Equipment margins reached 16.9 percent, helped by a 272 million dollar tariff refund. Construction and Forestry surged 29 percent with an order book up more than 60 percent, while Large Ag remains weak with a 14 percent sales decline. Management said tariff exposure stays around 900 million dollars net for the year, and they are managing through by cutting costs and finding new sourcing, not raising prices to customers.
Guidance Deere maintained its full year net income guidance between $4.5 billion and $5 billion. The company raised Construction and Forestry sales outlook to up about 20 percent, but kept Large Ag flat around the bottom of the cycle. They expect the back half of the year to be stronger than the first half, with better price and cost comparisons.
Slightly positive report. The quarter was acceptable, but the forward setup is not strong.
Dividend
Deere & Company pays an annual dividend rate of $6.48, yielding 1.11%. The dividend payout ratio is 36.71%, indicating a balanced approach to returning capital to shareholders.
Insider Buying and Selling at Deere & Company
Recent insider transactions included Kellye Walker, Senior VP & CLO GLSRA, selling 568 shares at an average price of $577.26 on May 1, 2026. Several insiders, including Alan Cletus Heuberger, Gregory Page, Laurence Neil Hunn, Leanne Caret, and Preston Feight, each purchased 293 shares on March 4, 2026.
Analysts Set New Price Targets
On June 4, 2026, JP Morgan maintained its hold rating on Deere & Company with a price target of $590. RBC Capital maintained a buy rating with a target of $752 on May 26, 2026. DA Davidson also maintained a buy rating, setting a target of $685 on May 22, 2026. The consensus among 23 analysts is a buy rating, with a mean price target of $644.21.
About Deere & Company
Deere & Company, based in Moline, Illinois, is a leading manufacturer of agricultural and construction equipment. The company operates through segments such as Production and Precision Agriculture, Small Agriculture and Turf, Construction and Forestry, and Financial Services. It was founded in 1837 and is led by CEO John C. May II.
Bottom Line
Lord, Abbett's increased stake in Deere & Company highlights its confidence in the company's prospects. Investors closely watch these filings for insights into institutional sentiment. However, it's important to note that 13F filings are backward-looking and may not reflect current positions.
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