BlackRock Updates Deere & Co. Stake in SC 13G/A Filing

Ticker: DE · Form: SC 13G/A · Filed: 2024-01-29T00:00:00.000Z

Sentiment: neutral

Topics: institutional-ownership, amendment, passive-investment

TL;DR

**BlackRock just updated its passive stake in Deere, showing continued institutional confidence.**

AI Summary

BlackRock, Inc. filed an amended Schedule 13G/A on January 29, 2024, indicating its ownership of DEERE & COMPANY common stock as of December 31, 2023. This filing, Amendment No. 7, updates their previous disclosures, confirming their continued significant, but passive, stake in the agricultural machinery giant. This matters to investors because BlackRock's substantial holding signals institutional confidence in Deere, potentially influencing market perception and stability for current and prospective shareholders.

Why It Matters

This filing confirms BlackRock's ongoing significant, yet passive, investment in Deere & Company, providing transparency into major institutional ownership and its potential impact on stock stability.

Risk Assessment

Risk Level: low — This filing is routine for large institutional investors and indicates a passive stake, posing minimal direct risk to investors.

Analyst Insight

Investors should view this filing as a routine update from a major institutional holder, confirming BlackRock's continued, passive interest in Deere. It doesn't signal an immediate buy or sell, but rather reinforces the existing institutional confidence in the stock.

Key Numbers

Key Players & Entities

Forward-Looking Statements

FAQ

What type of filing is this and what does it signify?

This is an SC 13G/A filing, which is an amendment to a Schedule 13G. It signifies that BlackRock, Inc., a large institutional investor, is updating its previously reported passive ownership stake in DEERE & COMPANY as of December 31, 2023.

Who is the reporting person in this filing?

The reporting person is BlackRock, Inc., identified by CIK 0001364742, a major asset management firm based at 50 Hudson Yards, New York, NY.

What company's securities are the subject of this filing?

The subject company is DEERE & COMPANY, identified by CIK 0000315189, with its business address at One John Deere Place, Moline, IL. The securities are its Common Stock, with CUSIP Number 244199105.

What was the 'Date of Event Which Requires Filing of this Statement'?

The 'Date of Event Which Requires Filing of this Statement' was December 31, 2023, as stated in the filing.

Which rule under the Securities Exchange Act of 1934 is this Schedule 13G filed under?

This Schedule 13G is filed under Rule 13d-1(b), as indicated by the 'X' in the appropriate box on the cover page of the filing.

From the Filing

0001086364-24-005148.txt : 20240129 0001086364-24-005148.hdr.sgml : 20240129 20240129152629 ACCESSION NUMBER: 0001086364-24-005148 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20240129 DATE AS OF CHANGE: 20240129 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: DEERE & CO CENTRAL INDEX KEY: 0000315189 STANDARD INDUSTRIAL CLASSIFICATION: FARM MACHINERY & EQUIPMENT [3523] ORGANIZATION NAME: 06 Technology IRS NUMBER: 362382580 STATE OF INCORPORATION: DE FISCAL YEAR END: 1029 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-31096 FILM NUMBER: 24573187 BUSINESS ADDRESS: STREET 1: ONE JOHN DEERE PLACE CITY: MOLINE STATE: IL ZIP: 61265-8098 BUSINESS PHONE: (309) 765-8000 MAIL ADDRESS: STREET 1: ONE JOHN DEERE PLACE CITY: MOLINE STATE: IL ZIP: 61265-8098 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: BlackRock Inc. CENTRAL INDEX KEY: 0001364742 STANDARD INDUSTRIAL CLASSIFICATION: SECURITY BROKERS, DEALERS & FLOTATION COMPANIES [6211] ORGANIZATION NAME: 02 Finance IRS NUMBER: 320174431 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: 50 HUDSON YARDS CITY: NEW YORK STATE: NY ZIP: 10001 BUSINESS PHONE: 212-810-5300 MAIL ADDRESS: STREET 1: 50 HUDSON YARDS CITY: NEW YORK STATE: NY ZIP: 10001 FORMER COMPANY: FORMER CONFORMED NAME: BlackRock, Inc. DATE OF NAME CHANGE: 20060929 FORMER COMPANY: FORMER CONFORMED NAME: New BlackRock, Inc. DATE OF NAME CHANGE: 20060601 SC 13G/A 1 us2441991054_012924.txt us2441991054_012924.txt SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No: 7) DEERE & COMPANY -------------------------------------------------------- (Name of Issuer) Common Stock -------------------------------------------------------- (Title of Class of Securities) 244199105 -------------------------------------------------------- (CUSIP Number) December 31, 2023 -------------------------------------------------------- (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [X] Rule 13d-1(b) [ ] Rule 13d-1(c) [ ] Rule 13d-1(d) *The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). CUSIP No. 244199105 (1)Names of reporting persons. BlackRock, Inc. (2) Check the appropriate box if a member of a group (a) [ ] (b) [X] (3) SEC use only (4) Citizenship or place of organization Delaware Number of shares beneficially owned by each reporting person with: (5) Sole voting power 15313463 (6) Shared voting power 0 (7) Sole dispositive power 17236799 (8) Shared dispositive power 0 (9) Aggregate amount beneficially owned by each reporting person 17236799 (10) Check if the aggregate amount in Row (9) excludes certain shares (11) Percent of class represented by amount in Row 9 6.2% (12) Type of reporting person HC Item 1. Item 1(a) Name of issuer: ----------------------------------------------------------------------- DEERE & COMPANY Item 1(b) Address of issuer's principal executive offices: ----------------------------------------------------------------------- ONE JOHN DEERE PLACE MOLINE IL 61265-8098 Item 2. 2(a) Name of person filing: ---------------------------------------------------------------------- BlackRock, Inc. 2(b) Address or principal business office or, if none, residence: -------------------------------------------------

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