DE Deere & Company Common Stock

NYSE · Machinery · View on SEC EDGAR ↗
$623.69
Price · Aug 21, 2026
Fundamentals as of May 28, 2026

About Deere & Company Common Stock Company overview from Wikipedia

Deere & Company, is an American corporation that manufactures agricultural machinery, heavy equipment, forestry machinery, diesel engines, drivetrains used in heavy equipment and lawn care equipment. It also provides financial services and other related activities.

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Deere & Company (doing business as John Deere) (), is an American corporation that manufactures agricultural machinery, heavy equipment, forestry machinery, diesel engines, drivetrains (axles, transmissions, gearboxes) used in heavy equipment and lawn care equipment. It also provides financial services and other related activities.

Deere & Company is listed on the New York Stock Exchange under the symbol DE. The company's slogan is "Nothing Runs Like a Deere", and its logo is a leaping deer with the words "John Deere". It has used logos incorporating a leaping deer for over 155 years. It is headquartered in Moline, Illinois.

It ranked No. 84 in the 2022 Fortune 500 list of the largest United States corporations. Its tractor series include D series, E series, Specialty Tractors, Super Heavy Duty Tractors, and JDLink.

History

19th century

In 1836 Deere & Company began when John Deere, born in Rutland, Vermont, United States, on February 7, 1804, moved to Grand Detour, Illinois to escape bankruptcy in Vermont. Already an established blacksmith, Deere opened a 1,378-square-foot (128 m2) shop in Grand Detour in 1837, which allowed him to serve as a general repairman in the village, and a manufacturer of tools such as pitchforks and shovels. An item that set him apart was the self-scouring steel plow, which was pioneered in 1837 when John Deere fashioned a Scottish steel saw blade into a plow.

Prior to Deere's steel plow, most farmers used iron or wooden plows to which the rich Midwestern soil stuck, so they had to be cleaned frequently. Deere created a highly polished steel surface that allowed the soil to slide easily. This tool addressed the difficulty of tilling the Prairie State's soil and greatly aided migration into the American Great Plains in the 19th and early 20th centuries.

In early 1843, Deere entered a business partnership with Leonard Andrus and purchased land for the construction of a new, two-story factory along the Rock River in Illinois. It used water power to operate machineries. This factory, named the "L. Andrus Plough Manufacturer", produced about 100 plows in 1842, and around 400 plows during the next year. Deere's partnership with Andrus ended in 1848, and Deere relocated to Moline, Illinois, to have access to the railroad and the Mississippi River. There, Deere formed a partnership with Robert Tate and built a 1,440-square-foot (134 m2) factory the same year. John Gould was later brought in to manage the accounts. Production rose quickly, and by 1849, the Deere, Tate & Gould Company was producing over 200 plows a month. A two-story addition to the plant was built, allowing further production.

Deere bought out Tate and Gould's interests in the company in 1853, and was joined in the business by his son Charles Deere. At that time, the company was manufacturing a variety of farm equipment products in addition to plows, including wagons, corn planters, and cultivators. In 1857, the company's production totals reached almost 1,120 implements per month. In 1858, a nationwide financial recession took a toll on the company. During this period, the company announced its work on a steam engine that will pull its plow but the product did not materialize. To prevent bankruptcy, the company was reorganized and Deere turned over his interests in the business to his son-in-law, Christopher Webber, and his son, Charles Deere, who would take on most of his father's managerial roles. John Deere served as president of the company until his retirement in April 1886, but died one month later in May 1886 in Moline, Illinois. The company was reorganized again in 1868 when it was incorporated as Deere & Company. While the company's original stockholders were Charles Deere, Stephen Velie, George Vinton, and John Deere, Charles effectively ran the company. In 1869, Charles began to introduce marketing centers and independent retail dealers to advance the company's sales nationwide. This same year, Deere & Company won "Best and Greatest Display of Plows in Variety" at the 17th Annual Illinois State Fair, for which it won $10 and a silver medal.

The core focus remained on the agricultural implements, but John Deere also made a few bicycles in the 1890s.

20th century

Increased competition during the early 1900s from the new International Harvester Company led the company to expand its offerings in the implement business, but the production of gasoline tractors came to define Deere & Company's operations during the 20th century.

In 1912, Deere & Company president William Butterworth (Charles' son-in-law), who had replaced Charles Deere after his death in 1907, began the company's expansion into the tractor business. Deere & Company briefly experimented with its own tractor models, the most successful of which was the Dain All-Wheel-Drive, but in the end decided to continue its foray into the tractor business by purchasing the Waterloo Gasoline Engine Company in 1918, which manufactured the popular Waterloo Boy tractor at its facilities in Waterloo, Iowa. Deere & Company continued to sell tractors under the Waterloo Boy name until 1923, when the John Deere Model D was introduced. The company continues to manufacture a large percentage of its tractors in Waterloo, Iowa, namely the 7R, 8R, and 9R series.

The company produced its first combine harvester, the John Deere No. 2, in 1927. This featured improvements and modifications to Model D such as higher power level due to increased cylinder bore. A year later, this innovation was followed up by the introduction of John Deere No. 1, a smaller machine that was more popular with customers. By 1929, the No. 1 and No. 2 were replaced by newer, lighter-weight harvesters. In the 1930s, John Deere and other farm equipment manufacturers began developing hillside harvesting technology. Harvesters now had the ability to effectively use their combines to harvest grain on hillsides with up to a 50% slope gradient.

On an episode of the Travel Channel series Made in America that profiled Deere & Company, host John Ratzenberger stated that the company never repossessed any equipment from American farmers during the Great Depression.

During World War II, the great-grandson of John Deere, Charles Deere Wiman, was president of the company, but he accepted a commission as a colonel in the U.S. Army. Burton F. Peek was hired as president during this period. Before Wiman returned to work at the company in late 1944, he directed the farm machinery and equipment division of the War Production Board. In addition to farm machinery, John Deere manufactured military tractors, and transmissions for the M3 tank. They also made aircraft parts, ammunition, and mobile laundry units to support the war effort.

In 1947, John Deere introduced its first self-propelled combine, model 55. It was soon followed by the smaller models 40 and 45, the larger model 95, and an even larger model 105 was introduced in the 1960s. In the mid-1950s, Deere introduced an attachable corn head, allowing corn producers to use their combine to pick, shell, and clean corn in one smooth operation.

In 1956, Deere & Company bought-out the German tractor manufacturer, Heinrich Lanz AG (see Lanz Bulldog).

In the last months of 1958, John Deere constructed a factory in northern Rosario, Argentina. In Argentina, the make was managed by Agar Cross & Co.

John Deere made the following models of tractors in Argentina: 445, 730; the models of the series 20 like 1420, 2420, 3420, 4420; the models of the serie 30 like 2330, 2530, 2730, 3330, 3530, 4530; the models of the serie 40 like 2140, 3140 / 3140 DT, 3440, 3540 and the last made in Baigorria of the serie 50 like 2850, 3350, 3550 until 1994.

Seventeen years later, (in 2011) the Argentinian plant returns the assembly of tractors with the following models: 5036C, 5045D (45 HP) Serie 5D, 5045E (45 HP) Serie 5E, 5065E (65 HP) Serie 5E, 5075E (75 HP) Serie 5E, 5425N (77 HP) Serie 5000, 5725 (92 HP) Serie 5025, 5725HC (92 HP) Serie 5025, 5090E, 5090EH, 5076EF, 6110J, 6130J, 6145J and 6165J.

Plus, in 2012, added in SKD/CKD format, the assembly of combine harvesters 9570 STS Serie 70, 9470 STS, 9670 STS and 9770 STS.

Also, with the green line, the Argentinian facility made some backhoe loaders and motor graders like 570 A/B, 544 A/B, 507, 308, 200 and the 627, 727 model tractors.

In 1960, John Deere first began selling the "10" series of tractors. John Deere announced them in an extravagant fashion, hosting a large event at the Dallas Memorial Auditorium and the Texas State Fairgrounds. Attendance was reported at 6000 guests. The 10 series used new four and six cylinder engines and were designed to be more ergonomic, and easier to service.

The 4010 was rated at 80 horsepower in 1960, but tested at 84 horsepower during testing trials, making it one of the most powerful two-wheel-drive farm tractors at that time. The 4010 was the predecessor to the 4020, which is widely regarded as the most popular tractor ever produced by John Deere, and perhaps any tractor manufacturer in the United States. Although the 4020, which was available with Deere's optional Power Shift, enjoyed greater popularity, the 4010 moved John Deere into the modern era of farm tractor technology and design following its successful history as a tractor manufacturer that was by the late 1950s experiencing waning market share due to its outdated technology.

In addition to the advanced engine technology, the "10" series tractors offered many other upgrades from the older two-cylinder models they replaced, including significantly higher horsepower-to-weight ratio, advanced hydraulics, more convenient and comfortable operator stations, and many other improvements. Of the "10" series John Deere tractors introduced in 1960, the 4010 was by far the most popular, with more than 58,000 units sold from 1960 to 1963. The success of the "10" series John Deere tractors, led by the 4010, helped propel John Deere from a 23% market share in 1959 to 34% by 1964 when the 4020 was introduced, making it the top manufacturer of farm equipment in the United States.

In 1972, Deere introduced its new Generation II 'Sound Idea Tractors', the 4030, 4230, 4430, and 4630. While these tractors were mechanically similar to the New Generation tractors they replaced, and the 4230, 4430, and 4630 used a 404-cubic-inch displacement engine like the 4020, they featured redesigned sheet metal and most importantly they were available with an optional completely integrated operator's cab that John Deere called the Sound Gard body. This insulated cab that included a roll-over protective structure had a distinctive rounded windshield and came equipped with heat and air conditioning, as well as speakers for an optional radio. An 8-track tape player was also available as an option. The 5020 was replaced by the very similar 6030 and continued in production with New Generation styling until 1977 when the 30 Series tractors were replaced by Deere's 'Iron Horses' series that included the 90-hp 4040, 110-hp 4240, 130-hp 4440, 150-HP 4640, and 180-hp 4840. The 4240, 4440, 4640, and 4840 featured a new 466-cubic-inch displacement engine, and improvements to the cab including an optional hydraulic seat for a smoother ride. The Sound Gard body and 8-speed Power Shift transmission were standard equipment on the 4840.

In 1983, Deere introduced the 4050, 4250, 4450, 4650, and 4850. These tractors were essentially the same machines as the Iron Horses they replaced, but with significant upgrades. They offered a new 15-speed PowerShift transmission and were available with an optional mechanical front-wheel drive featuring caster action for better traction and a tighter turning radius. They also featured cosmetic upgrades, including a new light brown cab interior, instead of the black interior on previous models. These tractors were followed in the late 80s by the mechanically similar 55 and 60 series tractors before they were replaced by Deere's completely redesigned 7000 and 8000 series tractors in the early 1990s.

In the 1962 Illinois Manufacturers Directory (50th-anniversary edition), John Deere, listed as Deere and Company, claimed a total workforce of 35,000, of which 9,000 were in Illinois. The corporate headquarters were located at 1325 Third Ave. in Moline, Illinois, with six manufacturing plants located around that city and a seventh plant in Hoopeston, Illinois. The six plants in Moline were listed as:

John Deere Harvester Works at 1100 13th Ave., East Moline, where 3,000 employees made agricultural implements

John Deere Industrial Equipment Works at 301 Third Ave., Moline, where 500 employees made earth-moving equipment

John Deere Malleable Works at 1335-13th Street, East Moline, where 600 employees made malleable and nodular iron castings

John Deere Planter Works at 501 Third Ave., Moline, where 1,000 employees made agricultural implements

John Deere Plow Works at 1225 Third Ave., Moline, where 1,100 employees made agricultural implements

John Deere Spreader Works at 1209-13th Ave., Moline where 800 employees made agricultural implements

The John Deere Vermilion Works was located at North Sixth Ave., Hoopeston, Illinois, where 140 employees were listed as making iron work and implement parts. Moline, with 42,705 residents in 1962, had the local 7,000 employees of John Deere represent 16% of the city's entire population.

In 1969, John Deere followed its New Generation tractors of the 1960s with a New Generation of combines. These included the 3300, 4400, 6600, and 7700. These models were also the first to come with Quik-Tatch header mounting capabilities as standard equipment. In the 1980s, these combines were followed by the 4420, 6620, 7720, and 8820 that were essentially updated and improved versions of the previous models with larger capacity, a better cab, and easier maintenance and service. The 4420 was discontinued in 1984 and replaced by the 4425 combines imported from Germany, and the 6620, 7720, and 8820 received the Titan II updates.

In 1989, Deere replaced the 6620, 7720, and 8820 with a new line of completely redesigned 'Maximizer' combines that included the 9400, 9500, and 9600 walker combines. These combines featured a center-mounted cab, rear-mounted engine, and more comforts in the cab. Also in 1989, Deere was inducted into the National Inventors Hall of Fame. In 1997, Deere celebrated 50 years of self-propelled combine production, and the 1997 models featured a 50th-anniversary decal. In 1998, the 9410, 9510, and 9610 were introduced. These were essentially the same machines, but with minor upgrades. Deere dealers offered '10 series' upgrades to owners of older 9000 series Maximizer combines. In 1999, Deere introduced the 50 series Maximizer combines. These machines featured significant cosmetic upgrades including a more streamlined appearance, improved ergonomics in the cab, PTO shaft-style header hook-up, and the larger models were available as rotary machines which were a complete departure from the combines that Deere had built in the past.

In the late 1970s, International Harvester had pioneered rotary combines with their Axial flow machines and were soon followed by other manufacturers, but Deere continued to build only conventional walker combines through the 1980s and 1990s. In 1999, John Deere introduced the Single-Tine Separation (STS) system on its 9550, 9650, and 9750 combines, representing a step forward in rotary combine technology. The STS system uses less horsepower and improves material handling.

21st century

In 2014, the Smithsonian Museum named John Deere's original plough design as one of the objects that changed American history.

As of 2018, Deere & Company employed about 67,000 people worldwide, of which half are in the United States and Canada, and is the largest agriculture machinery company in the world. In August 2014, the company announced it was indefinitely laying off 600 of its workers at plants in Illinois, Iowa, and Kansas due to less demand for its products. Inside the United States, the company's primary locations are its World Headquarters in Moline, Illinois, and manufacturing factories in central and southeastern United States. As of 2016, the company experiments with an electric farm tractor.

The logo of the leaping deer has been used by this company for over 155 years. Over the years, the logo has had minor changes and pieces removed. The "John Deere Moline, Ill." trademark (USPTO Serial No. 71055630), covering plows and a range of farm implements, was filed on April 8, 1911, and registered on September 10, 1912. Some of the older style logos have the deer leaping over a log. The company uses different logo colors for agricultural vs. construction products. The company's agricultural products are identifiable by a distinctive shade of green paint, with the inside border being yellow. By contrast, the construction products are identifiable by a shade of black with the deer being yellow, and the inside border also being yellow.

In September 2017, Deere & Company signed a definitive agreement to acquire Blue River Technology, which is based in Sunnyvale, California, and is applying machine learning to agriculture. Blue River has designed and integrated computer vision and machine learning technology that will enable growers to reduce the use of herbicides by spraying only where weeds are present.

In 2018, Deere and 90 Fortune 500 companies "paid an effective federal tax rate of 0% or less" as a result of Donald Trump's Tax Cuts and Jobs Act of 2017.

In August 2019, it was announced that Samuel R. Allen would step down as CEO and president of John Deere. John May, president of the Worldwide Agriculture and Turf and Integrated Solutions divisions replaced him in November 2019.

In October 2021, about 10,000 employees, unionized with the United Auto Workers, went on strike following an impasse in contract negotiations.

In January 2022, the company introduced a self-driving tractor at the annual Consumer Electronics Show, designed for large-scale farming as opposed to existing comparable tractors designed for small-scale agriculture. It was part of a larger effort to develop so-called smart machines to make farming faster and more efficient than it would be relying on human labor, including through software, which would mean higher margins. The company said it wanted to "connect 1.5 million machines in service and a half billion acres in use to its cloud-based John Deere Operations Center."

In June 2022, Deere announced it would cease production of its model 3710 moldboard plow but would continue to offer its model 995 reversible plow.

In July 2024, Deere announced it would lay off 600 employees in its Midwest facilities and is considering moving the production of some components to Mexico. Donald Trump said he would impose 200% tariffs on Mexican-made equipment. The company announced more layoffs in August 2025, citing economic factors and decreased demand.

Non-serviceability by owners or third parties

Late model John Deere farm equipment has been criticized for being impossible to be serviced or repaired by owners or third parties. Only John Deere has access to computer code required for this and to accept non-John-Deere replacement parts. Remote locking by the manufacturer may also be possible. This effectively makes the equipment unusable without the continued involvement of John Deere. It was reported that during the 2022 Russian invasion of Ukraine, Russian troops stole Ukrainian farm equipment and took it back to Russia, but that the dealers who owned the equipment locked it remotely.

John Deere's license covering the internal software on tractor control computers does not allow users or independent mechanics to modify the software. This prevents repairs by farmers and creates a monopoly for John Deere dealerships. John Deere claims user repair is forbidden by the Digital Millennium Copyright Act, through bypassing of digital rights management. Groups including the Electronic Frontier Foundation have criticised this activity, being contrary to the right to repair. Some farmers use Ukrainian versions of John Deere software to circumvent restrictions on repair. In February 2022, the US Senate introduced a bill to allow farmers to perform their own repairs. As of April 2022, right-to-repair bills had been introduced in 26 states.

In January 2023, John Deere signed a memorandum of understanding (MOU) with the American Farm Bureau Federation (AFBF) in which the company agreed to allow farmers and independent repair shops to purchase access to John Deere software, manuals, and other information needed to fix John Deere equipment. Walter Schweitzer, President of the Montana Farmers Union, expressed skepticism about the agreement, pointing out that the private-sector MOU lacks a legal enforcement mechanism and allows the company to pull out of the MOU if any right-to-repair legislation is enacted. As part of the MOU, the AFBF agreed to encourage state farm bureaus to "refrain from introducing, promoting, or supporting federal or state 'Right to Repair' legislation that imposes obligations beyond the commitments in this MOU."

The issue addressed by the MOU is still a problem for users of John Deere farm equipment in other countries such as Australia, where agricultural machinery is not covered by Australia's first right to repair law, a federal statute providing for mandatory data sharing in the automotive sector. In Australia, agricultural industry bodies have been and are lobbying for right to repair laws covering agricultural machinery. In November 2024, Australia's federal and state treasurers entered into a 10-year intergovernmental agreement on national competition policy that the federal treasurer, Jim Chalmers, has said was "an important first step towards delivering broader 'right to repair' reforms ... especially in agriculture and farming".

Legal issues concerning repair policies

In June 2022, 13 lawsuits from farms and farmers, alleging that John Deere and its affiliated dealerships had unlawfully conspired to monopolize and restrain the market for repair and maintenance services of John Deere equipment, were consolidated in federal court in Illinois. In February 2023, the United States Department of Justice filed a "statement of interest" in the case opposing a motion by John Deere to dismiss the case, arguing that restrictions on repair can harm both consumers and the public. In November 2023, U.S. District Judge Iain Johnston denied John Deere's motion to dismiss the case, finding that the plaintiffs' complaint "is chock-full of factual allegations to support" the conclusion that "Deere has the ultimate control of the repair services market" for John Deere equipment. In April 2026, John Deere agreed to settle the class action lawsuit; while admitting no wrongdoing, Deere agreed to pay $99 million into a fund that would allow farms and individuals who paid John Deere dealers for equipment repairs to recoup between 26% and 53% of overcharge damages, with Deere also agreeing to provide "the digital tools required for the maintenance, diagnosis, and repair" of John Deere farm equipment for 10 years.

In January 2025, the Federal Trade Commission (FTC) filed an antitrust lawsuit against Deere over the company's restrictive repair policies. In its lawsuit, the FTC argued that Deere inflated repair costs for farmers by preventing independent shops from repairing Deere equipment. The FTC was joined in its lawsuit by five US states including Michigan and Wisconsin.

In July 2026, the FTC lawsuit concluded with a settlement, and requires Deere to make repair services available to independent repair shops and owners of Deere equipment. Deere was required to pay $1 million in legal fees to the involved states, and is subject to compliance oversight for the next 10 years. Deere is required to make available "on fair and reasonable terms" any resources it currently makes available to its dealers, and any future materials distributed to over 50% of its dealers, including fault code diagnosis and removal, technical manuals and troubleshooting information, and previously software-locked features like pairing new components and restarting a machine after emissions-related shutdowns. The "fair and reasonable terms" are more clearly defined than the $99 million lawsuit filed in 2022, which now defines pricing by what authorized Deere dealers pay for tools and repair components. The U.S. Public Interest Research Group (PIRG) senior right to repair campaign director Nathan Proctor stated that the FTC's settlement was "much better than the deal secured in [the Illinois] class action lawsuit".

Products

John Deere manufactures a wide range of products, often with several models of each.

Agricultural equipment

Agricultural products include, including tractors, combine harvesters, cotton harvesters, balers, planters/seeders, silage machines, sprayers, spreaders, dry machines, and grain carts.

Construction equipment

Construction equipment includes (but is not limited to):

Forestry equipment

John Deere manufactures a range of forestry machinery, among others, harvesters, forwarders, skidders, feller bunchers and log loaders. Timberjack was a subsidiary of John Deere from 2000 to 2006.

Other products

Other products the company manufactures include consumer and commercial equipment such as lawn mowers, compact utility tractors, snow throwers, snowmobiles, all-terrain vehicles, and StarFire (a wide-area differential GPS). It is also a supplier of diesel engines and powertrains (axles, transmissions, etc.) used especially in heavy equipment.

John Deere leasing has expanded to non-equipment loans. As of 2017, this is the leading division of John Deere. With a loan portfolio of $2 billion, it accounts for a third of John Deere's income.

Factories

Major North American factories include:

Harvester Works (large combine harvesters), East Moline, Illinois

Cylinder Internal Platform (hydraulic cylinders), Moline, Illinois

Seeding Group (planting equipment), Moline, Illinois and Valley City, North Dakota

Davenport Works (wheel loaders, motor graders, articulated dump trucks, wheeled forestry equipment), Davenport, Iowa

Dubuque Works (backhoes, crawlers, skid-steer loaders, tracked forestry equipment), Dubuque, Iowa

Des Moines Works (tillage equipment, cotton harvesters, sprayers, and fertilizer spreaders), Ankeny, Iowa

Ottumwa Works (hay and forage equipment), Ottumwa, Iowa

Thibodaux Works (cane-harvesting equipment, scrapers), Thibodaux, Louisiana

Horicon Works (lawn and garden and turf care), Horicon, Wisconsin

Augusta Works (small commercial and agricultural tractors), Grovetown, Georgia

Turf Care (specialty golf equipment and commercial mowing), Fuquay-Varina, North Carolina

Industrias John Deere (agricultural tractors; construction equipment), (Monterrey, Mexico)

Motores John Deere (power systems; 6- and 4-cylinder engines, heavy-duty axles), Torreon, Mexico

Coffeyville Works (transmissions, pump drives, planetaries), Coffeyville, Kansas

Waterloo Works (tractor, cab, and assembly operations, drivetrain operations, foundry operations, service parts operations), Waterloo, Iowa

Power Systems and Engine Works (power systems and engines), Waterloo, Iowa

Greeneville Works (entry-level lawn care equipment), Greeneville, Tennessee

John Deere Kernersville (Tracked Hydraulic Excavators), Kernersville, North Carolina

Other important factories:

John Deere Usine Saran (power systems), Fleury-les-Aubrais, France

John Deere Argentina (engines, tractors, and combine harvesters), Granadero Baigorria, Santa Fe, Argentina

John Deere Equipment Pvt Ltd (5000-series tractors), Pune, India

John Deere Equipment Pvt Ltd (5000-series tractors), Dewas, India

John Deere Electronic Solutions, Fargo, ND and Pune, India

John Deere Harvester Works, Sirhind-Fategarh, India

John Deere Werke Mannheim (6000-series tractors), Mannheim, Germany

John Deere Brasil: Montenegro, Rio Grande do Sul (tractors), Horizontina - RS (harvesters and planters), Catalão - GO (sugarcane harvesters)

John Deere Brasil Construction & Forestry (tractors and excavators), Indaiatuba, Brazil

John Deere Werke Zweibrücken (harvesting equipment), Zweibrücken, Germany

John Deere Fabriek Horst (pulled and self-propelled agricultural sprayers), Horst, The Netherlands

John Deere Forestry Oy (forwarders, wheeled harvesters), Joensuu, Finland

John Deere Reman

Equipment divisions

Subsidiaries and affiliates

Current

AGRIS Corporation (John Deere Agri Services)

Bear Flag Robotics – Autonomous agricultural technology & equipment company

John Deere Ag Management Solutions (intelligent mobile equipment technologies), Urbandale, Iowa

John Deere Capital Corporation

John Deere Financial (John Deere Credit and Finance), Johnston, Iowa

Kemper (row tolerant headers for forage harvesters and combines), Stadtlohn, Germany

Waratah Forestry Attachments (forestry harvesting heads), Tokoroa, New Zealand

Agreentech

NavCom Technology, Inc. (precision positioning systems, see also StarFire), Torrance, California

John Deere Electronic Solutions (Ruggedized electronics), Fargo, North Dakota

Ningbo Benye Tractor & Automobile Manufacture Co. Ltd. (low HP tractors), Ningbo, China

Machinefinder (used equipment division and marketplace)

John Deere Technology Innovation Center, Research Park, University of Illinois at Urbana-Champaign

QCFS and Consolidating (attachment distribution center), Davenport, Iowa

Hagie Sprayers (Upfront Sprayers)

KingAgro (Sprayers) Argentina

PLA (sprayers) Argentina

Wirtgen Group

Blue River Technology – Pioneer in the use of computer vision and robotics for agriculture bringing crop protection into the digital era with see and spray machines that precisely observe and treat each plant in the field.

Former

John Deere Renewables, LLC, a wind energy plant manufacturing arm which represented John Deere's extension into the renewable energy industry – under which it had successfully completed 36 projects in eight US states – was sold to Exelon Energy in August 2010.

Finances

Carbon footprint

John Deere reported total CO2e emissions (direct and indirect) for the twelve months ending 30 September 2020 at 766 Kt (−155/−16.8% y-o-y) and plans to reduce emissions 15% by 2022 from a 2017 base year.

Sponsorships

The John Deere Classic is an American professional golf tournament sponsored by the company.

John Deere sponsored the #23 and #97 cars for NASCAR driver Chad Little in the late 1990s.

John Deere sponsored the #17 car for NASCAR driver Ricky Stenhouse Jr. in the Monster Energy NASCAR Cup Series in the late 2010s.

John Deere previously sponsored the Carolina Hurricanes' ice resurfacers from early 2000s to mid 2010s.

Green Magazine

Green Magazine is a publication devoted to John Deere enthusiasts. It was begun in November 1984 by Richard and Carol Hain of Bee, Nebraska.

In early November 1984, the first issue was mailed to 135 paid subscribers. It had 10 black-and-white pages with features on tractors, letters from readers, and advertisements. At the time, the magazine was published bimonthly. It was written in Lincoln, Nebraska, and mailed from the Bee post office.

The magazine grew rapidly, and in 1990, bowing to public demand, it became a monthly. Circulation continued to increase, and currently hovers around 30,000. The magazine now generally contains 88 full-color pages and is perfect bound. It is now printed in Michigan and mailed from several post offices throughout the country.

Leadership

President

John Deere, 1837-1886

Charles Henry Deere, 1886–1907

William Butterworth, 1907–1928

Charles Deere Wiman, 1928–1955

William Alexander Hewitt, 1955–1964

Robert A. Hanson, 1982–1990

Hans Becherer, 1990–2000

Robert Lane, 2000–2009

Samuel Allen, 2009–2019

John C. May, 2020–present

Chairman of the Board

William Butterworth, 1928–1936

William Hewitt, 1964–1982

Robert A. Hanson, 1982–1990

Hans Becherer, 1990–2000

Robert Lane, 2000-2009

Samuel Allen, 2010–2020

John C. May, 2020-present

Source: Wikipedia, CC BY-SA 4.0 · View on Wikipedia ↗

Wikidata ↗

DE Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range

Price
$623.69
Market Cap
$168.65B
P/E (TTM)
33.7
EPS (TTM)
$18.50
Revenue (TTM)
$45.68B
Div Yield
1.0%
ROE
20.8%
Debt/Equity
52W Range
$433 – $674

DE Stock Price Chart Daily OHLCV with technical indicators — pan, zoom, and customize your view

10-Year Performance Revenue, net income, margins and EPS trends

Revenue & Net Income $45.68B
3-point trend, -25.4%
2023-10-29 2025-11-02
EPS $18.50
3-point trend, -46.6%
2023-10-29 2025-11-02
Free Cash Flow $6.10B
3-point trend, -14.0%
2023-10-29 2025-11-02
Margins 11.0%

Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?

Metric
5Y trend
DE
Peer Median
P/E (TTM)
3-point trend, +139.3%
33.7
19.5
P/S (TTM)
3-point trend, +64.6%
3.7
1.2
P/B
3-point trend, +3.0%
6.5
1.8
Price / FCF
3-point trend, +42.7%
27.7

Profitability Gross, operating and net margins; ROE, ROA, ROIC

Metric
5Y trend
DE
Peer Median
Net Profit Margin
3-point trend, -33.7%
11.0%
7.3%
ROA
3-point trend, -50.9%
4.8%
6.2%
ROE
3-point trend, -54.2%
20.8%
11.3%

Financial Health Debt, liquidity, solvency — balance sheet strength

Metric
5Y trend
DE
Peer Median

Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR

Metric
5Y trend
DE
Peer Median
Revenue YoY
3-point trend, -25.4%
-11.7%
Revenue CAGR 3Y
3-point trend, -25.4%
-4.6%
Revenue CAGR 5Y
3-point trend, -25.4%
5.1%
EPS YoY
3-point trend, -46.6%
-27.8%
Net Income YoY
3-point trend, -50.6%
-29.2%

Per Share Metrics EPS, book value per share, cash flow per share, dividend per share

Metric
5Y trend
DE
Peer Median
EPS (Diluted)
3-point trend, -46.6%
$18.50

Capital Efficiency Asset turnover, inventory turnover, receivables turnover

Metric
5Y trend
DE
Peer Median
Payout Ratio
3-point trend, +143.7%
34.2%

Dividends Yield, payout ratio, dividend history, 5Y CAGR

Dividend Yield
1.0%
Payout Ratio
34.2%
5Y Div CAGR
Ex-dateAmount
June 30, 2026$1.6200
March 31, 2026$1.6200
Dec. 31, 2025$1.6200
Sept. 30, 2025$1.6200
June 30, 2025$1.6200
March 31, 2025$1.6200
Dec. 31, 2024$1.6200
Sept. 30, 2024$1.4700
June 28, 2024$1.4700
March 27, 2024$1.4700
Dec. 28, 2023$1.4700
Sept. 28, 2023$1.3500
June 29, 2023$1.2500
March 30, 2023$1.2500
Dec. 29, 2022$1.2000
Sept. 29, 2022$1.1300
June 29, 2022$1.1300
March 30, 2022$1.0500
Dec. 30, 2021$1.0500
Sept. 29, 2021$1.0500

DE Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside

BUY 34 analysts
  • Strong Buy 6 17.6%
  • Buy 15 44.1%
  • Hold 13 38.2%
  • Sell 0 0.0%
  • Strong Sell 0 0.0%

12-Month Price Target

23 analysts · 2026-08-16
Median target $631.65 +1.3%
Mean target $646.75 +3.7%

Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date

Avg Surprise
0.38%
Period EPS Actual EPS Est Surprise
Sept. 30, 2026 $5.10 $4.84 0.26%
June 30, 2026 $6.55 $5.87 0.68%
March 31, 2026 $2.42 $2.11 0.31%
Dec. 31, 2025 $3.93 $3.96 -0.03%
Sept. 30, 2025 $4.93 $4.77 0.16%
June 30, 2025 $6.64 $5.75 0.89%

Peer comparison (GICS sub-industry) Key metrics vs sector peers

Ticker Market Cap P/E Rev YoY Net Margin ROE Gross Margin
DE $124.82B 25.0 -11.7% 11.0% 20.8%
TTC $7.32B 23.6 -1.6% 7.0% 21.6% 33.4%
AGCO $7.58B 10.7 -13.6% 7.2% 18.1% 25.5%
ALG $2.03B 19.5 -1.5% 6.5% 9.2% 24.8%
LNN 20.2 11.4% 10.9% 14.1% 31.2%
TWI $501M -7.8 -0.95% -3.5% -12.6% 13.9%
FLZH
RYM $46M -1.3 95916.7% -192.4% -195.7% 59.0%
ARTW $12M 11.8 -6.2% 4.5% 8.2% 27.3%
HYFM $7M -0.0 -29.4% -215.9% -440.0% 11.3%

Full Fundamentals All metrics by year — income statement, balance sheet, cash flow

Income Statement 16
Annual Income Statement data for DE
Metric Trend 20252024202320222021202020192018201720162015
Revenue 11-point trend, +58.3% $45.68B $51.72B $61.25B $52.58B $44.02B $35.54B $39.26B $37.36B $29.74B $26.64B $28.86B
Cost of Revenue 3-point trend, -1.0% · · · · · · · · $19.93B $18.25B $20.14B
R&D Expense 11-point trend, +62.2% $2.31B $2.29B $2.18B $1.91B $1.59B $1.64B $1.78B $1.66B $1.37B $1.39B $1.43B
SG&A Expense 11-point trend, +62.3% $4.66B $4.84B $4.59B $3.86B $3.38B $3.48B $3.55B $3.46B $3.10B $2.76B $2.87B
Operating Expenses 11-point trend, +51.2% $39.43B $42.51B $48.23B $43.45B $36.42B $31.66B $35.17B $33.29B $26.58B $24.42B $26.08B
Operating Income 10-point trend, +187.9% · $9.04B $12.96B $9.51B $8.01B $4.30B $4.42B $4.48B $3.57B $2.59B $3.14B
Interest Expense 11-point trend, +366.2% $3.17B $3.35B $2.45B $1.06B $993M $1.25B $1.47B $1.20B $899M $764M $680M
Interest Income 8-point trend, +34.1% · · · $2.03B $1.85B $1.96B $2.07B $1.79B $1.57B $1.47B $1.51B
Pretax Income 11-point trend, +125.1% $6.26B $9.21B $13.02B $9.13B $7.60B $3.88B $4.09B $4.07B $3.15B $2.22B $2.78B
Income Tax 11-point trend, +49.9% $1.26B $2.09B $2.87B $2.01B $1.66B $1.08B $852M $1.73B $971M $700M $840M
Net Income 11-point trend, +159.1% $5.03B $7.10B $10.17B $7.13B $5.96B $2.75B $3.25B $2.37B $2.16B $1.52B $1.94B
EPS (Basic) 11-point trend, +219.3% $18.55 $25.73 $34.80 $23.42 $19.14 $8.77 $10.28 $7.34 $6.76 $4.83 $5.81
EPS (Diluted) 11-point trend, +220.6% $18.50 $25.62 $34.63 $23.28 $18.99 $8.69 $10.15 $7.24 $6.68 $4.81 $5.77
Shares (Basic) 11-point trend, -18.8% 270,900,000 276,000,000 292,200,000 304,500,000 311,600,000 313,500,000 316,500,000 322,600,000 319,500,000 315,200,000 333,600,000
Shares (Diluted) 11-point trend, -19.1% 271,700,000 277,100,000 293,600,000 306,300,000 314,000,000 316,600,000 320,600,000 327,300,000 323,300,000 316,600,000 336,000,000
EBITDA 10-point trend, -46.3% $2.23B $11.16B $14.96B $11.40B $10.06B $6.42B $6.43B $6.40B $5.26B $4.15B ·
Balance Sheet 16
Annual Balance Sheet data for DE
Metric Trend 20252024202320222021202020192018201720162015
Cash & Equivalents 11-point trend, +98.8% $8.28B $7.32B $7.46B $4.77B $8.02B $7.07B $3.86B $3.90B $9.33B $4.34B $4.16B
Inventory 10-point trend, +121.7% $7.41B $7.09B $8.16B $8.49B $6.78B $5.00B $5.97B $6.15B $3.90B $3.34B ·
PP&E (Net) 5-point trend, +15.3% · · · · · · $5.97B $5.87B $5.07B $5.17B $5.18B
Goodwill 11-point trend, +476.9% $4.19B $3.96B $3.90B $3.69B $3.29B $3.08B $2.92B $3.10B $1.03B $816M $726M
Intangibles 10-point trend, +756.9% $892M $999M $1.13B $1.22B $1.27B $1.33B $1.38B $1.56B $218M $104M ·
Total Assets 11-point trend, +83.1% $106.00B $107.32B $104.09B $90.03B $84.11B $75.09B $73.01B $70.11B $65.79B $57.98B $57.88B
Deferred Tax 10-point trend, +161.4% $434M $478M $520M $495M $576M $519M $495M $556M $210M $166M ·
Total Liabilities 10-point trend, +55.5% $79.99B $84.39B $82.20B $69.67B $65.68B $62.15B $61.58B $58.80B $56.21B $51.44B ·
Total Debt 5-point trend, +27.0% · · · · $32.89B $32.73B $30.23B $27.24B $25.89B · ·
Common Stock 11-point trend, +48.1% $5.67B $5.49B $5.30B $5.17B $5.05B $4.89B $4.64B $4.47B $4.28B $3.91B $3.83B
Retained Earnings 10-point trend, +149.6% $59.68B $56.40B $50.93B $42.25B $36.45B $31.65B $29.85B $27.55B $25.30B $23.91B ·
Treasury Stock 10-point trend, +131.9% $36.36B $35.35B $31.34B $24.09B $20.53B $18.07B $17.47B $16.31B $15.46B $15.68B ·
AOCI 10-point trend, +46.1% $-3.03B $-3.71B $-3.11B $-3.06B $-2.54B $-5.54B $-5.61B $-4.43B $-4.56B $-5.63B ·
Stockholders' Equity 10-point trend, +298.0% $25.95B $22.84B $21.79B $20.26B $18.43B $12.94B $11.41B $11.29B $9.56B $6.52B ·
Liabilities + Equity 10-point trend, +82.8% $106.00B $107.32B $104.09B $90.03B $84.11B $75.09B $73.01B $70.11B $65.79B $57.98B ·
Shares Outstanding 3-point trend, -4.0% 270,400,000 271,800,000 281,600,000 · · · · · · · ·
Cash Flow 18
Annual Cash Flow data for DE
Metric Trend 20252024202320222021202020192018201720162015
D&A 11-point trend, +61.2% $2.23B $2.12B $2.00B $1.90B $2.05B $2.12B $2.02B $1.93B $1.72B $1.56B $1.38B
Stock-based Comp 11-point trend, +128.4% $151M $208M $130M $85M $82M $81M $82M $84M $68M $71M $66M
Deferred Tax 11-point trend, -1465.2% $-288M $-294M $-790M $-66M $-441M $-11M $-465M $1.48B $100M $283M $-18M
Amort. of Intangibles 11-point trend, +1330.0% $143M $166M $169M $145M $116M $102M $109M $100M $18M $15M $10M
Other Non-cash 10-point trend, +3.9% $340M $99M $-2.92B $-4.35B $72M $2.54B $-1.48B $-4.04B $-1.84B $327M ·
Operating Cash Flow 11-point trend, +98.4% $7.46B $9.23B $8.59B $4.70B $7.73B $7.48B $3.41B $1.82B $2.20B $3.76B $3.76B
CapEx 11-point trend, +96.0% $1.36B $1.64B $1.50B $1.13B $848M $820M $1.12B $896M $595M $644M $694M
Investing Cash Flow 10-point trend, -94.3% $-2.06B $-6.46B $-8.75B $-8.48B $-5.75B $-3.32B $-3.92B $-8.18B $-1.66B · $-1.06B
Debt Issued 8-point trend, +81.4% · · · $10.36B $8.72B $9.27B $9.99B $8.29B $8.70B $5.07B $5.71B
Net Debt Issued 7-point trend, +1071.6% · · · $1.91B $1.63B $1.89B $3.56B $2.04B $3.31B $-197M ·
Stock Repurchased 11-point trend, -58.9% $1.14B $4.01B $7.22B $3.60B $2.54B $750M $1.25B $958M $6M $205M $2.77B
Net Stock Activity 10-point trend, -454.0% $-1.14B $-4.01B $-7.22B $-3.60B $-2.54B $-750M $-1.25B $-958M $-6M $-205M ·
Dividends Paid 11-point trend, +110.7% $1.72B $1.60B $1.43B $1.31B $1.04B $956M $943M $806M $764M $761M $816M
Financing Cash Flow 10-point trend, -114.2% $-4.58B $-2.72B $2.81B $826M $-1.08B $-980M $509M $876M $4.29B · $-2.14B
Net Change in Cash 11-point trend, +139.9% $900M $13M $2.68B $-3.18B $953M $3.22B $-59M $-5.45B $4.98B $174M $375M
Taxes Paid 11-point trend, +82.8% $1.65B $2.52B $3.58B $1.94B $2.08B $1.07B $1.11B $712M $981M $392M $901M
Free Cash Flow 10-point trend, +95.5% $6.10B $7.59B $7.09B $3.56B $6.88B $6.66B $2.29B $924M $1.60B $3.12B ·
Levered FCF 10-point trend, +37.4% $3.57B $5.00B $5.18B $2.74B $6.10B $5.76B $1.13B $231M $982M $2.60B ·
Profitability 7
Annual Profitability data for DE
Metric Trend 20252024202320222021202020192018201720162015
Operating Margin 9-point trend, +79.8% · 17.5% 21.2% 18.1% 18.2% 12.1% 11.2% 12.0% 11.9% 9.7% ·
Net Margin 10-point trend, +92.3% 11.0% 13.7% 16.6% 13.6% 13.5% 7.7% 8.3% 6.3% 7.3% 5.7% ·
Pretax Margin 10-point trend, +64.1% 13.7% 17.8% 21.3% 17.4% 17.3% 10.9% 10.4% 10.9% 10.6% 8.3% ·
EBITDA Margin 10-point trend, -68.7% 4.9% 21.6% 24.4% 21.7% 22.9% 18.1% 16.4% 17.1% 17.7% 15.6% ·
ROA 10-point trend, +82.9% 4.8% 6.6% 9.8% 8.1% 7.2% 3.6% 4.4% 3.4% 3.4% 2.6% ·
ROE 10-point trend, -11.2% 20.8% 30.9% 45.4% 36.3% 34.9% 21.3% 27.5% 21.9% 23.8% 23.4% ·
ROIC 9-point trend, +12.4% · 30.6% 46.4% 36.6% 12.2% 6.8% 8.4% 6.7% 6.9% 27.2% ·
Liquidity & Solvency 3
Annual Liquidity & Solvency data for DE
Metric Trend 20252024202320222021202020192018201720162015
Debt / Equity 5-point trend, -34.1% · · · · 1.8 2.5 2.6 2.4 2.7 · ·
LT Debt / Equity 5-point trend, -34.1% · · · · 1.8 2.5 2.6 2.4 2.7 · ·
Interest Coverage 9-point trend, -20.4% · 2.7 5.3 9.0 8.1 3.5 3.0 3.7 3.9 3.4 ·
Efficiency 2
Annual Efficiency data for DE
Metric Trend 20252024202320222021202020192018201720162015
Asset Turnover 10-point trend, -5.0% 0.4 0.5 0.6 0.6 0.5 0.5 0.5 0.5 0.5 0.5 ·
Inventory Turnover 2-point trend, -10.5% · · · · · · · · 4.9 5.5 ·
Per Share 7
Annual Per Share data for DE
Metric Trend 20252024202320222021202020192018201720162015
Book Value / Share 3-point trend, +24.1% $95.97 $84.02 $77.36 · · · · · · · ·
Revenue / Share 10-point trend, +99.8% $168.14 $186.63 $208.62 $171.65 $140.20 $112.26 $122.45 $114.14 $91.98 $84.16 ·
Cash Flow / Share 10-point trend, +130.9% $27.45 $33.31 $29.25 $15.34 $24.61 $23.64 $10.64 $5.56 $6.80 $11.89 ·
Cash / Share 3-point trend, +15.6% $30.61 $26.95 $26.48 · · · · · · · ·
Dividend / Share 11-point trend, +170.0% $6 $6 $5 $4 $4 $3 $3 $3 $2 $2 $2
Dividend Paid / Share 6-point trend, +108.2% $6 $6 $5 $4 $3 $3 · · · · ·
EPS (TTM) 10-point trend, +284.6% $18.50 $25.62 $34.63 $23.28 $18.99 $8.69 $10.15 $7.24 $6.68 $4.81 ·
Growth Rates 10
Annual Growth Rates data for DE
Metric Trend 20252024202320222021202020192018201720162015
Revenue YoY 5-point trend, -148.8% -11.7% -15.6% 16.5% 19.4% 23.9% · · · · · ·
Revenue CAGR 3Y 3-point trend, -123.0% -4.6% 5.5% 19.9% · · · · · · · ·
Revenue CAGR 5Y 5.1% · · · · · · · · · ·
EPS YoY 5-point trend, -123.4% -27.8% -26.0% 48.8% 22.6% 118.5% · · · · · ·
EPS CAGR 3Y 3-point trend, -112.6% -7.4% 10.5% 58.5% · · · · · · · ·
EPS CAGR 5Y 16.3% · · · · · · · · · ·
Net Income YoY 5-point trend, -125.0% -29.2% -30.2% 42.6% 19.6% 116.8% · · · · · ·
Net Income CAGR 3Y 3-point trend, -120.1% -11.0% 6.0% 54.6% · · · · · · · ·
Net Income CAGR 5Y 12.8% · · · · · · · · · ·
Dividend CAGR 5Y 12.5% · · · · · · · · · ·
Valuation (TTM) 13
Annual Valuation (TTM) data for DE
Metric Trend 20252024202320222021202020192018201720162015
Revenue TTM 10-point trend, +71.5% $45.68B $51.72B $61.25B $52.58B $44.02B $35.54B $39.26B $37.36B $29.74B $26.64B ·
Net Income TTM 10-point trend, +229.9% $5.03B $7.10B $10.17B $7.13B $5.96B $2.75B $3.25B $2.37B $2.16B $1.52B ·
Market Cap 3-point trend, +22.7% $124.82B $110.88B $101.70B · · · · · · · ·
P/E 10-point trend, +35.9% 25.0 15.9 10.4 17.0 18.0 26.0 17.4 18.4 19.9 18.4 ·
P/S 3-point trend, +64.6% 2.7 2.1 1.7 · · · · · · · ·
P/B 3-point trend, +3.0% 4.8 4.9 4.7 · · · · · · · ·
P / Tangible Book 3-point trend, -1.5% 6.0 6.2 6.1 · · · · · · · ·
P / Cash Flow 3-point trend, +41.3% 16.7 12.0 11.8 · · · · · · · ·
P / FCF 3-point trend, +42.7% 20.5 14.6 14.3 · · · · · · · ·
Dividend Yield 3-point trend, -1.4% 1.4% 1.5% 1.4% · · · · · · · ·
Earnings Yield 10-point trend, -26.4% 4.0% 6.3% 9.6% 5.9% 5.5% 3.9% 5.8% 5.4% 5.0% 5.5% ·
Payout Ratio 10-point trend, -31.5% 34.2% 22.6% 14.0% 18.4% 17.4% 34.8% 29.0% 34.0% 35.4% 50.0% ·
Annual Payout 10-point trend, +125.9% $1.72B $1.60B $1.43B $1.31B $1.04B $956M $943M $806M $764M $761M ·

Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years

Income Statement
2025-11-022025-04-272025-01-262024-10-272024-07-28
Revenue $45.68B$51.72B
Operating Margin % 17.5%
Net Income $5.03B$7.10B
Diluted EPS $18.50$25.62
Cash Flow
2025-11-022025-04-272025-01-262024-10-272024-07-28
Free Cash Flow $6.10B$7.59B

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Institutional owners (13F) 2,887 filers · $82.1B total · As of June 30, 2026

Institutions that report holding this stock in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.

Institutional activity — Q2 2026 vs prior quarter
New positions Exited positions Increased Decreased Net shares change
209 (-108 vs prior Q) 121 (+31 vs prior Q) 1,009 (+142 vs prior Q) 872 (-127 vs prior Q) +14.0M

Compared to Q1 2026. SEC Form 13F filings are due within 45 days of quarter-end plus a short buffer for late filers — quarters still inside that window are skipped in favor of the most recent fully-reported pair.

Institution Value Shares % of tracked 13F Type
VANGUARD CAPITAL MANAGEMENT LLC $10,514,117,437 16,575,154 12.80% Shares
Capital World Investors $7,295,498,317 11,501,949 8.88% Shares
STATE STREET CORP $6,911,256,599 10,867,942 8.42% Shares
Capital International Investors $4,065,720,393 6,410,022 4.95% Shares
GEODE CAPITAL MANAGEMENT, LLC $3,086,570,324 4,892,151 3.76% Shares
FMR LLC $3,047,477,534 4,804,246 3.71% Shares
VANGUARD PORTFOLIO MANAGEMENT LLC $2,423,233,847 3,820,147 2.95% Shares
GATES FOUNDATION TRUST $2,256,551,587 3,557,378 2.75% Shares
NORGES BANK $2,160,782,981 3,406,402 2.63% Shares
Fisher Asset Management, LLC $2,016,773,212 3,179,375 2.46% Shares
WELLINGTON MANAGEMENT GROUP LLP $1,878,995,199 2,962,173 2.29% Shares
DIMENSIONAL FUND ADVISORS LP $1,100,585,675 1,735,035 1.34% Shares
PARNASSUS INVESTMENTS, LLC $1,040,382,394 1,640,128 1.27% Shares
VANGUARD FIDUCIARY TRUST CO $897,021,277 1,414,124 1.09% Shares
STATE FARM MUTUAL AUTOMOBILE INSURANCE CO $855,410,498 1,348,526 1.04% Shares
LOOMIS SAYLES & CO L P $763,538,614 1,203,693 0.93% Shares
Rothschild & Co Wealth Management UK Ltd $738,041,052 1,163,497 0.90% Shares
Markel Group Inc. $556,878,306 877,900 0.68% Shares
ALLIANCEBERNSTEIN L.P. $544,451,419 966,539 0.66% Shares
BANK OF AMERICA CORP /DE/ $459,294,882 724,063 0.56% Shares
California Public Employees Retirement System $446,162,983 703,361 0.54% Shares
Sumitomo Mitsui Trust Group, Inc. $445,696,751 702,626 0.54% Shares
Swiss National Bank $434,922,021 685,640 0.53% Shares
JANE STREET GROUP, LLC $418,023,470 659,000 0.51% Call option
GOLDMAN SACHS GROUP INC $413,677,529 652,149 0.50% Shares
National Pension Service $402,322,534 634,248 0.49% Shares
JANE STREET GROUP, LLC $395,251,023 623,100 0.48% Put option
Mitsubishi UFJ Asset Management Co., Ltd. $383,110,581 603,961 0.47% Shares
RAYMOND JAMES FINANCIAL INC $373,949,020 589,518 0.46% Shares
AMERICAN CENTURY COMPANIES INC $372,982,721 587,994 0.45% Shares
Stockbridge Partners LLC $359,954,364 567,456 0.44% Shares
Vanguard Global Advisers, LLC $343,444,023 541,428 0.42% Shares
First Eagle Investment Management, LLC $340,558,456 536,879 0.41% Shares
PRINCIPAL FINANCIAL GROUP INC $339,973,605 535,957 0.41% Shares
BlackRock, Inc. $339,530,207 535,258 0.41% Shares
Legal & General Group Plc $329,735,519 519,817 0.40% Shares
LPL Financial LLC $318,368,817 501,898 0.39% Shares
ENVESTNET ASSET MANAGEMENT INC $307,698,857 485,077 0.37% Shares
VANGUARD ASSET MANAGEMENT, Ltd $303,441,270 478,365 0.37% Shares
JONES FINANCIAL COMPANIES LLLP $295,900,639 482,520 0.36% Shares
CITADEL ADVISORS LLC $293,885,089 463,300 0.36% Call option
BNP PARIBAS FINANCIAL MARKETS $290,686,797 458,258 0.35% Shares
RHUMBLINE ADVISERS $282,782,278 445,797 0.34% Shares
CITADEL ADVISORS LLC $259,821,568 409,600 0.32% Put option
VANGUARD GROUP INC $254,431,212 546,494 0.31% Shares
ARK Investment Management LLC $249,307,586 393,025 0.30% Shares
UBS Group AG $248,021,127 390,997 0.30% Shares
CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM $218,199,325 387,359 0.27% Shares
NEUBERGER BERMAN GROUP LLC $211,242,219 333,016 0.26% Shares
Douglass Winthrop Advisors, LLC $203,327,060 320,538 0.25% Shares
Pictet Asset Management Holding SA $202,208,337 318,780 0.25% Shares
HARRIS ASSOCIATES L P $198,566,857 313,034 0.24% Shares
HSBC HOLDINGS PLC $186,475,259 293,972 0.23% Shares
FORT WASHINGTON INVESTMENT ADVISORS INC /OH/ $184,530,403 290,906 0.22% Shares
BARCLAYS PLC $183,962,679 290,011 0.22% Shares
NEW YORK STATE COMMON RETIREMENT FUND $182,092,673 287,063 0.22% Shares
Rathbones Group PLC $173,058,544 272,821 0.21% Shares
Universal- Beteiligungs- und Servicegesellschaft mbH $172,173,867 272,848 0.21% Shares
Fayez Sarofim & Co $167,801,000 264,533 0.20% Shares
FIFTH THIRD BANCORP $166,268,970 262,117 0.20% Shares
HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC $165,642,593 261,130 0.20% Shares
GABELLI FUNDS LLC $155,172,342 244,624 0.19% Shares
Canoe Financial LP $152,195,431 239,931 0.19% Shares
STOREBRAND ASSET MANAGEMENT AS $149,899,791 236,312 0.18% Shares
Aberdeen Group plc $147,639,039 232,748 0.18% Shares
Caisse de depot et placement du Quebec $147,479,822 232,497 0.18% Shares
Impax Asset Management Group plc $145,978,073 230,130 0.18% Shares
BRISTOL JOHN W & CO INC /NY/ $143,392,834 226,054 0.17% Shares
AVIVA PLC $142,419,137 224,519 0.17% Shares
Clearbridge Investments, LLC $141,407,129 222,924 0.17% Shares
CANADA PENSION PLAN INVESTMENT BOARD $140,816,820 221,993 0.17% Shares
HighTower Advisors, LLC $139,310,299 219,618 0.17% Shares
STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM $135,103,409 212,986 0.16% Shares
Diamond Hill Capital Management, LLC (Investment Advisor) $133,385,644 210,278 0.16% Shares
AMERIPRISE FINANCIAL INC $131,103,608 206,552 0.16% Shares
BARTLETT & CO. WEALTH MANAGEMENT LLC $128,361,690 201,866 0.16% Shares
ROYAL BANK OF CANADA $128,326,000 202,302 0.16% Shares
BRADLEY FOSTER & SARGENT INC/CT $127,035,357 200,267 0.15% Shares
Bank of New York Mellon Corp $125,424,168 197,727 0.15% Shares
ADAGE CAPITAL PARTNERS GP, L.L.C. $122,846,885 193,664 0.15% Shares
Capital International, Inc./CA/ $121,166,545 191,015 0.15% Shares
MANUFACTURERS LIFE INSURANCE COMPANY, THE $118,068,477 186,131 0.14% Shares
APG Asset Management N.V. $117,896,164 212,493 0.14% Shares
US BANCORP \DE\ $115,095,373 181,444 0.14% Shares
MORGAN STANLEY $112,807,570 177,837 0.14% Shares
Amova Asset Management Americas, Inc. $112,439,152 177,374 0.14% Shares
LAZARD ASSET MANAGEMENT LLC $112,403,105 177,200 0.14% Shares
Homestead Advisers Corp $110,911,332 174,848 0.14% Shares
KLP KAPITALFORVALTNING AS $108,648,048 170,909 0.13% Shares
VICTORY CAPITAL MANAGEMENT INC $108,628,393 171,249 0.13% Shares
Korea Investment CORP $107,421,248 169,346 0.13% Shares
Ensign Peak Advisors, Inc $105,092,623 165,675 0.13% Shares
PRUDENTIAL FINANCIAL INC $104,881,391 165,342 0.13% Shares
Quantinno Capital Management LP $104,066,554 164,057 0.13% Shares
CITADEL ADVISORS LLC $103,501,723 163,167 0.13% Shares
VAN ECK ASSOCIATES CORP $100,630,746 158,641 0.12% Shares
Toroso Investments, LLC $98,405,669 211,366 0.12% Shares
1832 Asset Management L.P. $98,250,105 154,888 0.12% Shares
BLAIR WILLIAM & CO/IL $96,895,604 152,753 0.12% Shares
Cetera Investment Advisers $96,075,195 151,459 0.12% Shares

Company insiders 57 insiders · 27 officers · 26 directors

Insider Role Last activity Shares owned Buys 12m Sells 12m Net 12m
John C May II Chairman & CEO Feb. 18, 2025 G 112,453 0 0 $0
Terry Brent Norwood Sr VP & CFO Aug. 17, 2026 F 1,094 0 0 $0
Joshua A Jepsen Sr VP & CFO Dec. 15, 2024 F 7,787 0 0 $0
Rajesh Kalathur President, JD Financial & CIO Feb. 18, 2025 M 74,878 0 0 $0
John H Stone President, WW C&F & Pwr Syst May 26, 2022 S 24,736 0 0 $0
Max A Guinn President, WW C&F, Lbr Rltns Jan. 16, 2018 S 35,771 0 0 $0
Michael J Mack Group President, Fnc'l Srvcs Dec. 9, 2015 A 73,721 0 0 $0
James Israel President, Worldwide Financial Jan. 29, 2014 G 9,252 0 0 $0
JONES NATHAN J President, WW C & CE Division May 18, 2007 M 61,016 0 0 $0
Felecia J. Pryor Sr VP & Chief People Officer Aug. 15, 2025 F 10,026 0 0 $0
Jahmy J Hindman Sr VP & Chief Technology Offcr June 1, 2025 F 7,407 0 0 $0
Deanna M Kovar Pres Ag & Turf, Sml Ag & Turf Dec. 15, 2024 F 6,312 0 0 $0
Ryan D Campbell Pres WWC&F and Pwr Systems Dec. 15, 2024 F 26,066 0 0 $0
Cory J Reed Pres Ag & Turf, Prod & Prec Ag Dec. 15, 2024 F 19,718 0 0 $0
Justin Ryan Rose Pres, Life Sol Cust Sup & S.M. Dec. 14, 2024 F 14,883 0 0 $0
Mary K.W. Jones Sr VP, General Counsel & PA Dec. 13, 2023 A 72,958 0 0 $0
Markwart Von Pentz Pres Ag & Turf, Sml Ag & Turf June 7, 2023 M 57,115 0 0 $0
Marc A Howze Sr Advisor, Ofc of Chairman Dec. 14, 2022 A 22,674 0 0 $0
Field James M. Pres., C&F Division June 8, 2020 G 90,982 0 0 $0
Samuel R Allen Chairman Dec. 14, 2019 F 344,401 0 0 $0
Jean H Gilles Senior Vice President Dec. 14, 2018 F 79,923 0 0 $0
James R Jenkins Senior Vice President Jan. 29, 2013 M 69,226 0 0 $0
David C Everitt Pres.Ag&Turf Div.NA,Aust.,Asia Dec. 14, 2011 A 158,644 0 0 $0
H J Markley Executive Vice President Dec. 17, 2008 A 165,625 0 0 $0
John J Jenkins Pres WW Comm & Cons Equip Div Dec. 5, 2005 M 61,575 0 0 $0
LEROY PIERRE E Pres WW Constr. & Forestry Dec. 10, 2004 G 83,663 0 0 $0
David M Purvis Senior V.P. & CTO Dec. 12, 2003 M 1,717 0 0 $0
Laurence Neil Hunn Director March 4, 2026 A 1,356 0 0 $0
Tami A. Erwin Director March 5, 2025 A 3,874 0 0 $0
Leanne G Caret Director March 5, 2025 A 1,797 0 0 $0
Preston R Feight Director March 5, 2025 A 530 0 0 $0
Michael O. Johanns Director March 5, 2025 A 9,316 0 0 $0
Dmitri L Stockton Director March 5, 2025 A 8,800 0 0 $0
Sheila Talton Director March 5, 2025 A 8,800 0 0 $0
Sherry M Smith Director March 5, 2025 A 13,656 0 0 $0
Clayton M Jones Director March 6, 2024 A 21,493 0 0 $0
Charles O Holliday JR Director March 1, 2023 A 16,304 0 0 $0
Dipak C Jain Director March 3, 2021 A 32,635 0 0 $0
Vance D Coffman Director March 6, 2019 A 24,486 0 0 $0
Brian M Krzanich Director March 7, 2018 A 3,884 0 0 $0
Crandall Close Bowles Director March 1, 2017 A 38,743 0 0 $0
Richard B Myers Director March 4, 2015 A 16,421 0 0 $0
Joachim Milberg Director March 4, 2015 A 23,953 0 0 $0
Thomas H Patrick Director March 4, 2015 A 32,497 0 0 $0
Aulana L Peters Director March 6, 2013 A 22,542 0 0 $0
David B Speer Director Aug. 17, 2012 P 10,634 0 0 $0
LANE ROBERT W Director Dec. 8, 2009 F 795,920 0 0 $0
KELLY ARTHUR L Director Dec. 31, 2008 A 28,775 0 0 $0
Kevin T Dunnigan Director March 5, 2008 A 23,509 0 0 $0
MADERO B ANTONIO Director March 5, 2008 A 23,775 0 0 $0

Insiders from SEC Form 3/4/5 filings; net = open-market P/S only

Activists & 5%+ owners 5 positions

Investors who filed SEC Schedule 13D — beneficial ownership above 5% with an intent to influence the issuer (activist stakes, board campaigns, M&A). Each row shows the most recent known state of that filer's position.

Filer Filed Stake Status Purpose Filing
Cascade Investment, L.L.C., Bill & Melinda Gates Foundation Trust, William H. Gates III ×7 filings July 22, 2022 Initial filing SEC
John Deere Special Technologies Group, Inc., Deere & Company Sept. 8, 2014 Initial filing M&A / sale SEC
Undisclosed reporting person July 6, 2001 Initial filing Board campaign SEC
Undisclosed reporting person June 8, 2001 Initial filing M&A / sale SEC
Undisclosed reporting person Jan. 10, 2001 Initial filing SEC

Purpose is an automated classification of the filer's own stated purpose (SEC Item 4) — not investment advice. "—" means no clear purpose was stated or the text could not be classified.

ETF ownership Held by 220 ETFs

Weight reflects direct equity holdings (N-PORT) only; leveraged or derivative-based funds may hold additional swap exposure not shown.

Fund Weight Units As of Source
VEGI · iShares, Inc. 27.80% 67,520 SH Aug. 21, 2026 Daily
KROP · Global X Funds 12.47% 2,109 NS May 31, 2026 N-PORT
FTAG · First Trust Exchange-Traded Fund II 10.50% 2,348 NS June 30, 2026 N-PORT
ARKX · ARK ETF Trust 5.86% 88,652 NS April 30, 2026 N-PORT
MADE · iShares Trust 4.40% 4,315 SH Aug. 21, 2026 Daily
PRCS · Parnassus Funds II 4.31% 10,927 NS June 30, 2026 N-PORT
FBOT · Fidelity Covington Trust 4.27% 16,634 NS May 31, 2026 N-PORT
AGIQ · Tidal Trust I 4.18% 875 NS May 31, 2026 N-PORT
ARKQ · ARK ETF Trust 4.10% 146,497 NS April 30, 2026 N-PORT
FMTM · EA Series Trust 3.35% 6,615 NS April 30, 2026 N-PORT
PAVE · Global X Funds 2.86% 713,715 NS May 31, 2026 N-PORT
PRVS · Parnassus Funds II 2.70% 1,077 NS June 30, 2026 N-PORT
RND · First Trust Exchange-Traded Fund VI 2.61% 197 NS June 30, 2026 N-PORT
BKCG · BNY Mellon ETF Trust II 2.39% 4,797 NS April 30, 2026 N-PORT
ANEW · ProShares Trust 2.25% 321 NS May 31, 2026 N-PORT
FIDU · FIDELITY COVINGTON TRUST 2.17% 76,200 NS April 30, 2026 N-PORT
VIS · VANGUARD WORLD FUND 2.06% 295,198 SH Aug. 19, 2026 Daily
JHAI · Janus Detroit Street Trust 2.01% 699 NS April 30, 2026 N-PORT
DUSL · Direxion Shares ETF Trust 1.93% 1,770 NS April 30, 2026 N-PORT
NUDV · Nushares ETF Trust 1.90% 1,458 NS April 30, 2026 N-PORT
IYJ · iShares Trust 1.83% 56,395 SH Aug. 21, 2026 Daily
TGLB · T. Rowe Price Exchange-Traded Funds… 1.79% 668 NS April 30, 2026 N-PORT
TOLL · Tema ETF Trust 1.78% 1,614 NS May 31, 2026 N-PORT
NULV · Nushares ETF Trust 1.63% 57,526 NS April 30, 2026 N-PORT
EQIN · Columbia ETF Trust I 1.62% 7,568 NS April 30, 2026 N-PORT
UXI · ProShares Trust 1.58% 831 NS May 31, 2026 N-PORT
AIFD · TCW ETF Trust 1.55% 2,816 NS April 30, 2026 N-PORT
EXI · iShares Trust 1.52% 35,616 SH Aug. 21, 2026 Daily
BSCR · Invesco Exchange-Traded Self-Indexe… 1.29% 58,594,000 Aug. 21, 2026 Daily
RSPN · Invesco Exchange-Traded Fund Trust 1.27% 21,631 SH Aug. 21, 2026 Daily
ROPE · EA Series Trust 1.24% 194 NS May 29, 2026 N-PORT
RFFC · ALPS ETF Trust 1.23% 675 NS May 31, 2026 N-PORT
ARKK · ARK ETF Trust 1.22% 133,860 NS April 30, 2026 N-PORT
ROBO · EXCHANGE TRADED CONCEPTS TRUST 1.19% 35,865 NS April 30, 2026 N-PORT
BSCS · Invesco Exchange-Traded Self-Indexe… 1.16% 40,306,000 Aug. 21, 2026 Daily
PRAY · FIS Trust 1.15% 1,723 NS May 31, 2026 N-PORT
BSCT · Invesco Exchange-Traded Self-Indexe… 1.13% 33,144,000 Aug. 21, 2026 Daily
EQWL · Invesco Exchange-Traded Fund Trust 1.05% 47,273 SH Aug. 21, 2026 Daily
BKDV · BNY Mellon ETF Trust II 1.02% 23,924 NS April 30, 2026 N-PORT
AVLV · AMERICAN CENTURY ETF TRUST 0.95% 226,133 NS May 31, 2026 N-PORT
LRND · New York Life Investments ETF Trust 0.94% 4,558 NS April 30, 2026 N-PORT
SNPV · DBX ETF Trust 0.93% 3,965 NS May 29, 2026 N-PORT
BSCU · Invesco Exchange-Traded Self-Indexe… 0.91% 25,031,000 Aug. 21, 2026 Daily
LRGC · AB Active ETFs, Inc. 0.89% 20,577 NS May 31, 2026 N-PORT
QUVU · Hartford Funds Exchange-Traded Trust 0.88% 2,579 NS April 30, 2026 N-PORT
FBCV · FIDELITY COVINGTON TRUST 0.80% 2,173 NS April 30, 2026 N-PORT
DFUV · Dimensional ETF Trust 0.79% 193,762 NS April 30, 2026 N-PORT
DFLV · Dimensional ETF Trust 0.78% 78,075 NS April 30, 2026 N-PORT
MGV · VANGUARD WORLD FUND 0.77% 161,179 SH Aug. 19, 2026 Daily
DYNF · BlackRock ETF Trust 0.75% 489,451 SH Aug. 21, 2026 Daily