Deere & Co (DE)

• Market cap: $124B
• 1 day: 3.72%
• 5 days: 11.62%
• 1 month: 2.67%
• 3 months: 12.42%
• 6 months: 18.26%
• Year to date: 8.91%
• 1 year: 20.29%
• 5 years: 158.48%
• 10 years: 422.71%
• 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: 75,800

Fund manager confidence

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

36% more first-time investments, than exits

New positions opened: 174 | Existing positions closed: 128

6% more capital invested

Capital invested by funds: $79B [Q2] → $83.5B (+$4.47B) [Q3]

5% more funds holding in top 10

Funds holding in top 10: 39 [Q2] → 41 (+2) [Q3]

1% more funds holding

Funds holding: 2,080 [Q2] → 2,094 (+14) [Q3]

2.26% less ownership

Funds ownership: 76.0% [Q2] → 73.74% (-2.26%) [Q3]

18% less call options, than puts

Call options by funds: $1.34B | Put options by funds: $1.63B

19% less repeat investments, than reductions

Existing positions increased: 699 | Existing positions reduced: 867

Research analyst outlook

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

• Low target: $430 6% downside
• Avg. target: $478 5% upside
• High target: $550 21% upside

8 analyst ratings

• positive: 4 50%
• neutral: 4 50%
• negative: 0 0%

JP Morgan Tami Zakaria 53% 1-year accuracy 16 / 30 met price target	3% upside $470	Neutral Maintained	15 Jan 2025
Citigroup Kyle Menges 58% 1-year accuracy 14 / 24 met price target	6% downside $430	Neutral Maintained	14 Jan 2025
Truist Securities Jamie Cook 66% 1-year accuracy 57 / 86 met price target	21% upside $550	Buy Maintained	19 Dec 2024
Jefferies Stephen Volkmann 27% 1-year accuracy 3 / 11 met price target	12% upside $510	Hold Downgraded	6 Dec 2024
Morgan Stanley Angel Castillo 53% 1-year accuracy 8 / 15 met price target	1% downside $450	Overweight Maintained	25 Nov 2024