Deere & Co exceeded Q1 fiscal 2024 forecasts but cut annual profit expectations, leading to a 5.2% drop in shares on Feb 15, its largest decline in almost three months, drawing attention to ETFs heavily invested in the company.

The world’s largest agricultural equipment maker under the John Deere brand, Deere & Co, reported fourth-quarter fiscal 2023 results, beating estimates on both counts. This has put ETFs with the largest allocation to this equipment giant in focus.

Following solid earnings results, shares of Deere climbed 1.3% on the day of its earnings announcement. This will lead to smooth trading in ETFs with the largest allocation to this farm equipment giant.