Legal & General Group Plc Increases Stake in Deere & Company

The investment firm boosts its holdings in the agricultural equipment manufacturer.

Published on Mar. 10, 2026

Legal & General Group Plc, a major investment management firm, has increased its stake in Deere & Company (NYSE:DE) by 7.6% in the third quarter. The firm now owns 1,651,982 shares of the industrial products company's stock, valued at $755,385,000 as of the end of the quarter.

Why it matters

Deere & Company is a leading manufacturer of agricultural, construction, and forestry equipment, making it a key player in industries that are crucial to the global economy. Legal & General Group's increased investment in the company signals confidence in Deere's long-term prospects and the firm's belief that the stock is undervalued.

The details

According to the 13F filing, Legal & General Group Plc purchased an additional 115,975 shares of Deere & Company during the third quarter, bringing its total ownership to 0.61% of the company's outstanding stock. The investment firm is one of Deere's largest institutional shareholders, and its increased stake suggests it sees further upside potential in the stock.

  • Legal & General Group Plc increased its stake in Deere & Company during the third quarter of 2022.

The players

Legal & General Group Plc

A major global investment management firm that has increased its stake in Deere & Company.

Deere & Company

A leading manufacturer of agricultural, construction, and forestry equipment, headquartered in Moline, Illinois.

Got photos? Submit your photos here. ›

The takeaway

Legal & General Group's increased investment in Deere & Company reflects the firm's confidence in the agricultural equipment manufacturer's long-term growth potential. This move highlights the continued appeal of Deere's products and services in the global market.