Deere & Co (DE)

• Market cap: $124B
• 1 day: 0.63%
• 5 days: 1.10%
• 1 month: -1.23%
• 3 months: -3.42%
• 6 months: 14.55%
• Year to date: 10.85%
• 1 year: 18.43%
• 5 years: 219.56%
• 10 years: 412.11%
• Sector: Industrials
• Industry: Farm & Heavy Construction Machinery

About: Deere is the world's leading manufacturer of agricultural equipment and a major producer of construction machinery. The company is divided into four reporting segments: production & precision agriculture (PPA), small agriculture & turf (SAT), construction & forestry (CF), and financial services (FS), its captive finance subsidiary. The core PPA business is the largest contributor to sales and profits by far. Geographically, Deere sales are 60% US/Canada, 17% Europe, 14% Latin America, and 9% rest of world. Deere goes to market through a robust dealer network that includes over 2,000 dealer locations in North America with reach into over 100 countries. John Deere financial provides retail financing for machinery to its customers and wholesale financing for dealers.

Employees: 75,800

Fund manager confidence

Based on 2024 Q4 regulatory disclosures by fund managers ($100M+ AUM)

182% more first-time investments, than exits

New positions opened: 285 | Existing positions closed: 101

18% more capital invested

Capital invested by funds: $79.1B [Q3] → $93.6B (+$14.5B) [Q4]

6% more funds holding

Funds holding: 2,104 [Q3] → 2,240 (+136) [Q4]

5% more funds holding in top 10

Funds holding in top 10: 41 [Q3] → 43 (+2) [Q4]

2.32% more ownership

Funds ownership: 69.93% [Q3] → 72.25% (+2.32%) [Q4]

9% less repeat investments, than reductions

Existing positions increased: 748 | Existing positions reduced: 820

17% less call options, than puts

Call options by funds: $1.31B | Put options by funds: $1.58B

Research analyst outlook

8 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $440 5% downside
• Avg. target: $488 5% upside
• High target: $546 18% upside

8 analyst ratings

• positive: 3 38%
• neutral: 5 63%
• negative: 0 0%

Oppenheimer Kristen Owen 42% 1-year accuracy 19 / 45 met price target	11% upside $513	Outperform Maintained	22 Apr 2025
Morgan Stanley Angel Castillo 54% 1-year accuracy 13 / 24 met price target	8% upside $500	Overweight Maintained	16 Apr 2025
Citigroup Kyle Menges 30% 1-year accuracy 11 / 37 met price target	3% downside $450	Neutral Maintained	8 Apr 2025
UBS Steven Fisher 35% 1-year accuracy 11 / 31 met price target	5% downside $440	Neutral Maintained	7 Apr 2025
Baird Mircea Dobre 46% 1-year accuracy 6 / 13 met price target	8% upside $501	Neutral Downgraded	3 Mar 2025