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Headquartered in Moline, Illinois, Deere & Company (DE) is a leader in manufacturing agricultural, construction, and forestry machinery. With a market cap of $104.14 billion, Deere is known for its innovative and sustainable solutions that drive productivity and efficiency in the agriculture and construction sectors. The company’s advanced equipment and technology solutions support a wide range of industries, helping address critical challenges in food production, infrastructure, and resource management.
Shares of DE have significantly underperformed the broader market over the past year. The stock has declined 10.9% over this time frame, while the broader S&P 500 Index ($SPX) has rallied nearly 26.1%. In 2024 alone, the stock is down 5.5%, while the SPX has gained 16.5% on a YTD basis.