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A little less Deere in the portfolio
The State of Alaska Department of Revenue took a small bite out of its Deere position, selling 1,930 shares and leaving itself with 25,049 shares worth roughly $11.66 million. That’s a 7.2% trim — more “we’re rebalancing” than “we’re panicking.”
Why you should care
On its own, one institutional sale isn’t a thesis-shaker. But these filings matter because they can hint at how smart-money holders are viewing a stock after a big run, a rough patch, or just a noisy market day. In Deere’s case, the company still has plenty going for it: it just posted a chunky earnings beat, and analysts are still hanging around the “Moderate Buy” camp.
The cherry on top
Deere also declared a quarterly dividend of $1.62 per share, which keeps income investors smiling while the industrial giant keeps doing industrial giant things. So yes, Alaska sold a slice — but the broader Deere story still looks more like steady machinery than a broken-down tractor.
Big picture: a small institutional trim is worth noting, but it’s not the kind of move that usually changes the whole Deere narrative.