Deere & Company (DE)

In the past six months, Deere & Co.'s stock experienced a significant intraday decline on August 14, 2025, despite better-than-expected Q3 2025 earnings, due to a year-over-year revenue decrease and narrowed fiscal 2025 net income guidance. Analyst ratings have varied, with firms like Jefferies Financial Group lowering their price target while Truist Financial boosted theirs. RBC Capital Markets initiated coverage with an "Outperform" rating, and Zacks Research cut the rating to "strong sell". The company announced a quarterly dividend of $1.62, payable on November 10, 2025.

Demand for Deere & Co.'s agricultural products exhibits seasonality, peaking in April and May during planting seasons. In 2024, Deere anticipated a decline in the U.S. and Canada large agriculture industry and a smaller decline in small agriculture and turf, due to softening agricultural sales, lowering commodity prices, and increasing interest rates. The company aims to align production with retail demand, even underproducing in some regions.

Deere & Co., known as John Deere, is an American corporation specializing in agricultural machinery, heavy equipment, forestry machinery, and lawn care equipment. It also produces diesel engines and drivetrains and provides financial services. Deere operates in the Industrials sector, focusing on Farm & Heavy Construction Machinery, with four segments: Production & Precision Agriculture (PPA), Small Agriculture & Turf (SAT), Construction & Forestry (CF), and Financial Services (FS). The PPA segment is the largest contributor. The company focuses on precision agriculture and connected technology to enhance productivity.

Deere & Co. has a significant global presence with facilities in over 30 countries and a dealer network spanning over 2,000 locations in North America and more than 100 countries worldwide. Approximately 60% of its sales are in the US/Canada, 17% in Europe, 14% in Latin America, and 9% in the rest of the world.

Deere & Co. has focused on enhancing its brand reputation through technology and sustainability initiatives, including the "Smart Industrial" operating model and LEAP ambitions. These efforts involve investments in autonomous tractors, AI, and precision agriculture. However, the company faced negative publicity in August 2024 due to relocating manufacturing jobs from the United States to Mexico.

Institutional investors hold a substantial portion of Deere & Co.’s stock, approximately 68.58% to 74.16%. Major institutional owners include State Street Corp., Markel Group, Inc., and Schweizerische Nationalbank. Chilton Capital Management LLC significantly increased its position in Q2 2025.