Deere slides as investors weigh weak large-ag trends despite Q2 profit and revenue holding up

Deere & Company (DE) is down 6.9% today. Here is some analysis on what might have caused this price movement.

Analysis: The selloff appears tied less to the headline quarter and more to what it implies about Deere’s large-ag cycle: Production & Precision Ag weakened materially year over year, and management’s full-year framework largely stayed the same rather than improving. Investors may also be discounting the quality of near-term results given the impact of a tariff-related recovery item and persistent uncertainty around farmer budgets and big-ticket equipment demand.

Details:

Deere reported second-quarter net income of $1.773B ($6.55/share) on worldwide net sales and revenues of $13.369B, with net income slightly lower than the year-ago quarter despite higher revenue.

Production & Precision Agriculture net sales fell 14% year over year and operating profit fell 39%, which can be read as evidence that the company’s most cyclical, large-ag exposure remains under pressure.

For fiscal 2026, Deere forecast net income of $4.5B to $5.0B and guided U.S./Canada large-ag industry units down 15% to 20%, a reminder that any recovery may be gradual even as other segments perform well.

The company disclosed a $272M recovery tied to refund claims related to certain tariffs, which could have supported results but is not a recurring operating tailwind.

Sources:

Deere & Company (investor release/financials), SEC (EDGAR filing)

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. You can access data on insider stock transactions through the Quiver Quantitative API insider transaction endpoint.

$DE Hedge Fund Activity

We have seen 1,101 institutional investors add shares of $DE stock to their portfolio, and 1,183 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

CAPITAL WORLD INVESTORS added 2,680,890 shares (+27.9%) to their portfolio in Q1 2026, for an estimated $1,481,955,778
HARRIS ASSOCIATES L P removed 2,616,555 shares (-83.5%) from their portfolio in Q1 2026, for an estimated $1,446,392,355
NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO removed 1,867,220 shares (-93.2%) from their portfolio in Q1 2026, for an estimated $1,032,171,207
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
CAPITAL INTERNATIONAL INVESTORS added 1,703,509 shares (+inf%) to their portfolio in Q1 2026, for an estimated $941,674,222
WELLINGTON MANAGEMENT GROUP LLP removed 760,789 shares (-31.2%) from their portfolio in Q1 2026, for an estimated $420,552,747

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.

$DE Government Contracts

We have seen $11,326,394 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
YELL: PURCHASE ROAD GRADER FOR YELLOWSTONE NATIONAL PARK: $420,687
FIRE DOZER, ALLIGATOR RIVER NWR, NC HEAVY EQUIPMENT IDIQ.: $335,797
TCPP RED RIVER BACKWATER DOZER: $221,697

To track government contracts to publicy traded companies, check out Quiver Quantitative's government contracts dashboard. You can access data on government contracts through the Quiver Quantitative API government contracts endpoint.

$DE Congressional Stock Trading

Members of Congress have traded $DE stock 2 times in the past 6 months. Of those trades, 1 have been purchases and 1 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 sold up to $15,000 on 12/18.

To track congressional stock trading, check out Quiver Quantitative's congressional trading dashboard. You can access data on congressional stock trades through the Quiver Quantitative API Congress trades endpoint.

$DE Analyst Ratings

Wall Street analysts have issued reports on $DE in the last several months. We have seen 4 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

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 13 analysts offer price targets for $DE in the last 6 months, with a median target of $672.0.

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.