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Moline, Illinois-based Deere & Company (DE) manufactures and distributes various equipment worldwide. It focuses on revolutionizing agriculture with technology to make farming automated, easier, and more precise across the production process. With a market cap of $110.7 billion, Deere operates as the world's largest producer of agricultural equipment.
The equipment manufacturer has lagged behind the broader market over the past year. DE stock has gained 1.2% on a YTD basis and 5.3% over the past 52 weeks, underperforming the S&P 500 Index’s ($SPX) surge of 23.6% in 2024 and 30.6% over the past year.