Nordea trims Deere & Company stake by 11.8% amid strong earnings and dividend news

Nordea Investment Management reduced its holdings in Deere & Company by 11.8% in Q4, selling over 62,000 shares but still holding $219.6 million worth. Deere reported strong Q4 earnings with EPS of $2.42 beating estimates and revenue up 17.5% year-over-year. The company also declared a quarterly dividend of $1.62 per share. Despite insider stock sales, analysts maintain a positive outlook with an average target price of $644.70, reflecting confidence in Deere's growth and profitability.