Shares of Deere & Company Are Plummeting - Will This Trend Continue?

Deere & Company stock is trading -6.55% below its average target price of $461 after dropping -1.5% during today's morning session. Analysts are giving the large-cap Farm & Heavy Construction Machinery company an average rating of buy and target prices ranging from $302 to $582 per share.

Deere & Company's short interest — meaning the percentage of the share float that is being shorted — is lower than average at 1.0%. The stock's short ratio is 1.81. The company's insiders own 0.2% of its outstanding shares, which indicates a strong alignment between management and shareholder interests.

Another number to watch is the company's rate of institutional share ownership, which now stands at 79.3%. In conclusion, we believe there is mixed market sentiment regarding Deere & Company.

Institutions Invested in Deere & Company

Holder Shares Date Reported Percentage Value
Vanguard Group, Inc. (The) 22,093,821 2022-09-29 7% $9,518,460,125
Blackrock Inc. 18,648,657 2022-09-29 6% $8,034,214,545
JP Morgan Chase & Company 12,969,768 2022-09-29 4% $5,587,635,544
State Street Corporation 10,815,160 2022-09-29 4% $4,659,387,310
Wellington Management Group, LLP 6,001,216 2022-09-29 2% $2,585,443,921
Janus Henderson Group PLC 5,117,290 2022-09-29 2% $2,204,630,915
Geode Capital Management, LLC 4,719,529 2022-09-29 2% $2,033,267,518
Bank of America Corporation 4,574,032 2022-09-29 2% $1,970,584,499
Morgan Stanley 4,022,050 2022-09-29 1% $1,732,779,610
FMR, LLC 3,964,799 2022-09-29 1% $1,708,114,734
The above analysis is intended for educational purposes only and was performed on the basis of publicly available data. It is not to be construed as a recommendation to buy or sell any security. Any buy, sell, or other recommendations mentioned in the article are direct quotations of consensus recommendations from the analysts covering the stock, and do not represent the opinions of Market Inference or its writers. Past performance, accounting data, and inferences about market position and corporate valuation are not reliable indicators of future price movements. Market Inference does not provide financial advice. Investors should conduct their own review and analysis of any company of interest before making an investment decision.