Legal & General Group Plc Increases Stake in Deere & Company

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

Mar. 10, 2026 at 11:11am

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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