- Deere & Company filed required institutional investment disclosures with the Securities and Exchange Commission.
- Multiple institutional investors, including SEI and Geode Capital Management, filed disclosures with the SEC regarding changes in their holdings of Deere & Company stock.
Sumitomo Mitsui Trust Group Inc. lowers stake in Deere & Company
What happened
Sumitomo Mitsui Trust Group Inc. lowered its position in Deere & Company by 13.3% during the third quarter, selling 93,547 shares. As of its most recent filing, the fund held 609,079 shares, which represented approximately 0.23% of Deere & Company. Other institutional investors have also recently modified their holdings of the company.
From themarketsdaily.com
Why it matters
Changes in institutional holdings reflect market sentiment regarding Deere & Company. Deere & Company manufactures essential equipment that serves as a critical functional input for the agriculture sector.
Multiple institutional investors filed disclosures with the Securities and Exchange Commission regarding changes in their holdings of Deere & Company stock.
From themarketsdaily.com
Who's involved
- Deere & CompanyIndustrial products company whose stock holdings were modified
- agricultureSector that relies on Deere & Company's essential equipment
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The entities involved
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Deere & Company
American agricultural and industrial auto manufacturing corporation