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New money, same green machine
Deere & Company just picked up another institutional cheerleader. Farther Finance Advisors LLC nearly doubled its position, adding 5,846 shares and bringing its total haul to 11,783 shares, worth roughly $5.49 million.
Why you should care
This isn’t the kind of headline that sends a stock into orbit by itself, but it does tell you where some professional money is leaning. When an institution sizes up its Deere bet that aggressively, it’s basically saying: “Yeah, we still want a piece of the farm-and-construction cash flow machine.”
The bigger Deere backdrop
The timing is awkwardly cheerful: Deere also just posted a quarter that beat Wall Street’s expectations, with EPS of $2.42 versus $1.90 expected and revenue of $9.61 billion, up 17.5% year over year. Add in a quarterly dividend of $1.62 per share and you’ve got a company that’s still handing out cash while also looking pretty sturdy on the operating side.
Big picture
Between the fresh institutional buy, the dividend, and the beat on sales, Deere is still wearing the “boring but profitable” crown pretty well. Not exactly meme-stock rocket fuel—but for long-term investors, boring can be beautiful.