Deere & Company (DE)

Over the past six months, Deere & Co.'s share price has outperformed the S&P500 Index by +5.43%. As of July 18, 2025, the share price was $499.54, representing an increase of 31.24% from July 18, 2024, reaching its all-time high on May 15, 2025, at $533.78. Recent events include reporting second-quarter net income, acquiring Sentera, announcing a quarterly dividend, broadcasting Deere Brazil Investor Day, being recognized as a Top Community-Minded Company, and news regarding the Drone as a Service (DaaS) market. In Q1 2025, Deere reported a net sales decline of 30% but maintained an operating margin of 7.7%, proactively managing inventories by underproducing retail demand.

Deere & Co.'s business experiences demand seasonality, particularly in its agricultural equipment segments, leading to variations in product sales throughout the year. The company manufactures equipment in anticipation of this demand, with the PPA and SAT segments incurring seasonal variations in cash flows. Deere focused on reducing used inventory levels and returning to normal production seasonality in Q1 2025, while global roadbuilding markets are forecasted to be roughly flat.

Deere & Co., also known as John Deere, is an American corporation headquartered in Moline, Illinois, and is a global leader in the production of agricultural, construction, and forestry equipment and solutions. The company manufactures intelligent, connected machines and applications to enhance productivity in agriculture and construction. Its major products include farm and turf equipment, construction and forestry equipment, drivetrain components, and engines. John Deere Financial provides financing solutions for equipment sales and leases.

Deere & Co. has a significant global presence with facilities in more than 30 countries, expanding outside the U.S. and Canada in 1956. Approximately 60% of its sales are from the US/Canada, 17% from Europe, 14% from Latin America, and 9% from the rest of the world. Deere goes to market through a dealer network with over 2,000 dealer locations in North America and reach into over 100 countries, totaling approximately 3,700 locations globally.

Deere & Co. maintains a strong brand reputation, being named among the top three of the one hundred brands in the 2023 Axios Harris Poll 100 reputation survey. Deere & Company was recognized as one of the 2025 World's Most Ethical Companies by Ethisphere for the 18th time, underscoring its commitment to high ethical business practices globally.

Deere & Co. has significant institutional ownership, with 3,434 institutional owners holding approximately 72.00% of the company. Major institutional owners include Vanguard Group Inc., BlackRock, Inc., and State Street Corp. Individual ownership accounts for 16.04%, with Cascade Investment LLC being the largest individual shareholder. Insiders own 11.95% of the company, with net selling activity in the last 12 and 3 months.