E. Ohman J:or Asset Management 13F: Cuts DE Stake by $2.1M
Key Points
- E. Ohman J:or Asset Management cut its Deere & Company stake by 16.7%, leaving it with 15,237 shares worth about $10.23 million.
- Deere shares traded recently around $643.70, sitting about 10.7% below their 52-week high of $721.22.
- The industrial equipment maker posted $47.93 billion in trailing twelve month revenue and a trailing P/E ratio of 35.38.
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E. Ohman J:or Asset Management reduced its holdings in Deere & Company (NYSE:DE) by 3,053 shares, according to a Form 13F filed with the Securities and Exchange Commission on October 22, 2026. The fund cut its position by 16.7% during the quarter, ending the period with 15,237 shares valued at approximately $10.23 million.
DE
Deere & Company
E. Ohman J:or Asset Management vs. the S&P 500
Hypothetical returns from E. Ohman J:or Asset Management's disclosed trades, not real profit or advice. How we model this.
What Changed in E. Ohman J:or's Deere & Company Position
The firm held 18,290 shares of the heavy machinery maker prior to the filing. The reduction brought the total down to 15,237 shares, with the remaining stake valued at $10.23 million based on market values at the time.
Other Institutional Activity in Deere & Company
Other large institutional investors have also made notable adjustments to their portfolios. Capital International Investors grew its holdings by 4,706,497 shares, ending with 6,410,022 shares worth about $4.13 billion.
Deere & Company Stock Up 1.8%
Deere closed at $643.62 on October 22, 2026, and recently traded around $643.70 as of October 23, 2026. The stock trades about 10.7% below its 52-week high of $721.22 and well above its 52-week low of $454.50. It currently sits below its 50-day moving average of $657.49 while remaining above its 200-day moving average of $599.35. The company carries a market capitalization of $171.63 billion and a trailing P/E ratio of 35.38, with a forward P/E of 27.95.
Recent Earnings
The industrial giant reported trailing twelve month revenue of $47.93 billion alongside earnings of $17.99 per share. The business generated a net profit margin of 10.2% and a return on equity of 18.2%. The company's next earnings report is scheduled for November 25, 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
The farm and heavy construction machinery maker pays an annual dividend rate of $6.48 per share, which translates to a dividend yield of 1.02%. The payout ratio stands at 36.0%.
Insider Buying and Selling at Deere & Company
Company insiders have made several share dispositions over the course of the year. Officer Cory J. Reed sold 12,000 shares at a price of $510.00 on January 14, 2026, for a total value of $6.12 million. Later, on August 21, 2026, officer Ryan David Campbell sold 23,260 shares valued at $15.15 million. Campbell followed up with two additional sales, shedding 7,839 shares worth $5.12 million on August 24, 2026, and 4,860 shares valued at $3.16 million on August 31, 2026.
Analysts Set New Price Targets
Wall Street firms have kept active coverage on the stock. Truist Securities maintained its Buy rating while lowering its price target from $812.00 to $804.00 on August 24, 2026. Raymond James maintained an Outperform rating and raised its target from $700.00 to $730.00 on August 31, 2026. On the same day, Baird upgraded the stock to Outperform with an increased price target of $800.00, up from $640.00. Evercore ISI Group upgraded the stock to Outperform on September 3, 2026, lifting its target from $632.00 to $813.00. JP Morgan maintained a Neutral rating on October 8, 2026, adjusting its price target from $585.00 to $625.00. The stock carries a consensus Buy recommendation and a mean price target of $694.01 across 23 analyst opinions.
About Deere & Company
Headquartered in Moline, Illinois, Deere & Company manufactures and distributes a wide range of equipment across the globe. The company operates through segments focused on production and precision agriculture, small agriculture and turf, construction and forestry, and financial services, serving farmers, contractors, and commercial customers.
Bottom Line
Investors will look toward the upcoming earnings release on November 25, 2026, for further updates on financial performance and demand across the agricultural and construction sectors.
Related Filing Alerts
Source: E. Ohman J:or Asset Management's 13F filing on $DE (Oct 22, 2026). 13F filings show holdings as of the end of the reporting quarter and may not reflect the fund's current position. Written by software, not financial advice. How we make alerts