Deere & Co
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 filings by fund managers ($100M+ AUM)
155% more first-time investments, than exits
New positions opened: 255 | Existing positions closed: 100
14% more capital invested
Capital invested by funds: $83.5B [Q3] → $95B (+$11.6B) [Q4]
2% more funds holding
Funds holding: 2,101 [Q3] → 2,147 (+46) [Q4]
8% less repeat investments, than reductions
Existing positions increased: 728 | Existing positions reduced: 791
1.12% less ownership
Funds ownership: 73.74% [Q3] → 72.62% (-1.12%) [Q4]
2% less funds holding in top 10
Funds holding in top 10: 41 [Q3] → 40 (-1) [Q4]
17% less call options, than puts
Call options by funds: $1.31B | Put options by funds: $1.58B
Research analyst outlook
9 Wall Street Analysts provided 1 year price targets over the past 3 months
9 analyst ratings
Evercore ISI Group David Raso 85% 1-year accuracy 17 / 20 met price target | 7%downside $455 | In-Line Maintained | 19 Feb 2025 |
Citigroup Kyle Menges 54% 1-year accuracy 14 / 26 met price target | 2%downside $480 | Neutral Maintained | 14 Feb 2025 |
Truist Securities Jamie Cook 60% 1-year accuracy 54 / 90 met price target | 11%upside $546 | Buy Reiterated | 14 Feb 2025 |
JP Morgan Tami Zakaria 44% 1-year accuracy 15 / 34 met price target | 2%upside $500 | Neutral Maintained | 10 Feb 2025 |
Oppenheimer Kristen Owen 48% 1-year accuracy 19 / 40 met price target | 3%upside $507 | Outperform Maintained | 28 Jan 2025 |
Financial journalist opinion
Based on 40 articles about DE published over the past 30 days
