Deere & Company stock is trading -16.15% below its average target price of $454.25 after dropping -1.7% during today's afternoon session. Analysts are giving the large-cap Farm & Heavy Construction Machinery company an average rating of buy and target prices ranging from $388.0 to $530.0 per share.
The stock has a very low short interest at 0.8%, and a short ratio of 1.47. The company's insiders own 0.19% of its outstanding shares, which indicates a strong alignment between management and shareholder interests. Finally, we also note that an average number of institutional investors are invested in the stock, with 78.8% of Deere & Company's shares being owned by this investor type.
Institutions Invested in Deere & Company
| Date Reported | Holder | Percentage | Shares | Value |
|---|---|---|---|---|
| 2023-06-30 | Vanguard Group Inc | 8% | 21,998,664 | $8,378,631,050 |
| 2023-06-30 | Blackrock Inc. | 6% | 18,479,451 | $7,038,268,412 |
| 2023-06-30 | JP Morgan Chase & Company | 4% | 12,408,554 | $4,726,045,901 |
| 2023-06-30 | State Street Corporation | 4% | 10,445,961 | $3,978,553,115 |
| 2023-06-30 | Wellington Management Group, LLP | 2% | 5,346,172 | $2,036,196,503 |
| 2023-06-30 | Bank of America Corporation | 2% | 5,245,545 | $1,997,870,698 |
| 2023-06-30 | Morgan Stanley | 2% | 5,024,153 | $1,913,549,128 |
| 2023-06-30 | Geode Capital Management, LLC | 2% | 4,890,455 | $1,862,627,571 |
| 2023-06-30 | FMR, LLC | 1% | 4,104,711 | $1,563,361,258 |
| 2023-06-30 | Janus Henderson Group PLC | 1% | 3,993,899 | $1,521,156,292 |
Besides an analyst consensus of some upside potential, other market factors point to there being mixed market sentiment on Deere & Company.
