Deere slides 3.1% as investors refocus on soft ag-equipment demand and tariff/legal overhangs

Deere & Company (DE) is down 3.1% today. Here is some analysis on what might have caused this price movement.

Analysis: A single, company-specific catalyst for today’s drop isn’t clearly identifiable from widely circulated releases, but the move appears consistent with renewed focus on the downcycle in farm equipment demand and margin sensitivity to tariffs and litigation. Recent industry sales reads and earlier analyst caution may also be contributing to profit-taking after prior strength around earnings.

Details:

Deere’s recent quarterly materials discussed tariff costs as a margin headwind and highlighted uncertainty around trade policy impacts on demand and the supply chain.

Recent U.S. tractor/combine retail-sales updates from the industry group tracking unit volumes have kept attention on mixed-to-soft equipment demand conditions, which can pressure sentiment toward large ag OEMs.

Deere recently agreed to a proposed US$99 million settlement tied to “right to repair” litigation, which may be viewed as an incremental financial and headline risk even as the company continues to deny wrongdoing.

Earlier in April, at least one major brokerage action turned more cautious on valuation versus the timing of a full farm-cycle recovery, a narrative that can weigh on the stock on down tape days.

Sources:

SEC, Deere & Company (press release), Association of Equipment Manufacturers, AP News, StreetInsider

Disclaimer: This price movement analysis was generated with the help of AI. Please double-check the information provided for mistakes.

$DE Insider Trading Activity

$DE insiders have traded $DE stock on the open market 6 times in the past 6 months. Of those trades, 0 have been purchases and 6 have been sales.

Here’s a breakdown of recent trading of $DE stock by insiders over the last 6 months:

JOHN C II MAY (Chairman & CEO) has made 0 purchases and 5 sales selling 52,578 shares for an estimated $26,351,537.
CORY J REED (Pres, Life Sol Cust Sup & S.M.) sold 12,000 shares for an estimated $6,120,000

To track insider transactions, check out Quiver Quantitative's insider trading dashboard.

$DE Hedge Fund Activity

We have seen 1,018 institutional investors add shares of $DE stock to their portfolio, and 1,058 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

UBS AM, A DISTINCT BUSINESS UNIT OF UBS ASSET MANAGEMENT AMERICAS LLC removed 5,028,770 shares (-75.2%) from their portfolio in Q4 2025, for an estimated $2,341,244,448
CAPITAL WORLD INVESTORS added 3,358,264 shares (+53.9%) to their portfolio in Q4 2025, for an estimated $1,563,506,970
NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO added 1,893,972 shares (+1725.8%) to their portfolio in Q4 2025, for an estimated $881,776,544
JPMORGAN CHASE & CO removed 1,735,079 shares (-15.3%) from their portfolio in Q4 2025, for an estimated $807,800,730
M&T BANK CORP added 1,721,239 shares (+1199.8%) to their portfolio in Q4 2025, for an estimated $801,357,241
HARRIS ASSOCIATES L P added 978,857 shares (+45.4%) to their portfolio in Q4 2025, for an estimated $455,726,453
FMR LLC removed 665,755 shares (-9.9%) from their portfolio in Q4 2025, for an estimated $309,955,555

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.

$DE Government Contracts

We have seen $13,775,485 of award payments to $DE over the last year.

Here are some of the awards which we have have seen pay out the most over the last year:

8511618895!WHEEL LOADER: $7,640,515
8511345881!MOTOR GRADER: $1,902,368
8511354357!MTR GRDR: $449,543
YELL: PURCHASE ROAD GRADER FOR YELLOWSTONE NATIONAL PARK: $420,687

To track government contracts to publicy traded companies, check out Quiver Quantitative's government contracts dashboard.

$DE Congressional Stock Trading

Members of Congress have traded $DE stock 3 times in the past 6 months. Of those trades, 1 have been purchases and 2 have been sales.

Here’s a breakdown of recent trading of $DE stock by members of Congress over the last 6 months:

SENATOR MARKWAYNE MULLIN purchased up to $50,000 on 12/29.
REPRESENTATIVE JULIE JOHNSON has traded it 2 times. They made 0 purchases and 2 sales worth up to $30,000 on 12/18, 11/13.

To track congressional stock trading, check out Quiver Quantitative's congressional trading dashboard.

$DE Analyst Ratings

Wall Street analysts have issued reports on $DE in the last several months. We have seen 5 firms issue buy ratings on the stock, and 0 firms issue sell ratings.

Here are some recent analyst ratings:

DA Davidson issued a "Buy" rating on 12/01/2025
Oppenheimer issued a "Outperform" rating on 11/28/2025
Truist Securities issued a "Buy" rating on 11/28/2025
RBC Capital issued a "Outperform" rating on 11/28/2025
Wells Fargo issued a "Overweight" rating on 11/14/2025

To track analyst ratings and price targets for $DE, check out Quiver Quantitative's $DE forecast page.

$DE Price Targets

Multiple analysts have issued price targets for $DE recently. We have seen 14 analysts offer price targets for $DE in the last 6 months, with a median target of $656.5.

Here are some recent targets:

Tami Zakaria from JP Morgan set a target price of $550.0 on 04/10/2026
Stephen Volkmann from Jefferies set a target price of $550.0 on 04/08/2026
Adam Seiden from Barclays set a target price of $640.0 on 04/01/2026
Kyle Menges from Citigroup set a target price of $625.0 on 03/09/2026
Angel Castillo from Morgan Stanley set a target price of $730.0 on 02/24/2026
David Raso from Evercore ISI Group set a target price of $641.0 on 02/23/2026
Michael Shlisky from DA Davidson set a target price of $775.0 on 02/23/2026

This article is not financial advice. See Quiver Quantitative's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.