Deere & Co (DE)

• Market cap: $109B
• 1 day: 1.09%
• 5 days: 0.45%
• 1 month: -0.76%
• 3 months: 6.88%
• 6 months: -3.64%
• Year to date: -0.49%
• 1 year: 4.75%
• 5 years: 128.65%
• 10 years: 359.57%
• Sector: Industrials
• Industry: Farm Machinery & Equipment

About: Deere is the world's leading manufacturer of agricultural equipment, producing some of the most recognizable machines in the heavy machinery industry in their green and yellow livery. The company is divided into four reportable segments: production and precision agriculture, small agriculture and turf, construction and forestry, and John Deere Capital. Its products are available through an extensive dealer network, which includes over 2,000 dealer locations in North America and approximately 3,700 locations globally. John Deere Capital provides retail financing for machinery to its customers, in addition to wholesale financing for dealers, which increases the likelihood of Deere product sales.

Employees: 83,000

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

6% more capital invested

Capital invested by funds: $74.7B [Q2] → $79.3B (+$4.5B) [Q3]

3% more funds holding in top 10

Funds holding in top 10: 39 [Q2] → 40 (+1) [Q3]

1% less funds holding

Funds holding: 2,077 [Q2] → 2,050 (-27) [Q3]

1.83% less ownership

Funds ownership: 71.89% [Q2] → 70.06% (-1.83%) [Q3]

14% less first-time investments, than exits

New positions opened: 170 | Existing positions closed: 197

18% less call options, than puts

Call options by funds: $1.31B | Put options by funds: $1.61B

19% less repeat investments, than reductions

Existing positions increased: 687 | Existing positions reduced: 847

Research analyst outlook

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

• Low target: $378 5% downside
• Avg. target: $428 7% upside
• High target: $496 24% upside

5 analyst ratings

• positive: 2 40%
• neutral: 3 60%
• negative: 0 0%

JP Morgan Tami Zakaria 66% 1-year accuracy 19 / 29 met price target	5% upside $420	Neutral Maintained	11 Oct 2024
Citigroup Kyle Menges 100% 1-year accuracy 3 / 3 met price target	5% upside $420	Neutral Maintained	9 Oct 2024
Truist Securities Jamie Cook 75% 1-year accuracy 49 / 65 met price target	24% upside $496	Buy Maintained	9 Oct 2024
Morgan Stanley Angel Castillo 67% 1-year accuracy 8 / 12 met price target	7% upside $425	Overweight Maintained	26 Aug 2024
Evercore ISI Group David Raso 83% 1-year accuracy 15 / 18 met price target	5% downside $378	In-Line Maintained	19 Aug 2024