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November 23, 2009 6:43 PM ET

Deere & Co. (DE:NYSE)

LAST $51.85 USD
CHANGE TODAY +1.02 2.01%
VOLUME 7.3M
As of 4:01 PM 11/23/09 All times are local (Market data by Reuters is delayed by at least 15 minutes).

Snapshot of Deere & Co. (DE)

OPEN
$53.11
PREVIOUS CLOSE
$50.83
DAY HIGH
$53.59
DAY LOW
$51.54
52 WEEK HIGH
11/23/09 - $53.59
52 WEEK LOW
03/3/09 - $24.51
MARKET CAP
21.9B
AVERAGE VOLUME 3 mo
5.6M
DILUTED EPS TTM
$3.39
SHARES OUTSTANDING
422.9M
EX-DATE
09/28/09
P/E TTM
15.3x
DIVIDEND
$1.12
DIVIDEND YIELD
2.16%
K = Thousands  M = Millions  B = Billions
BUSINESS EXCHANGE RELATED TOPICJohn Deere

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DE Details

Deere & Company manufactures and distributes products and services for agriculture and forestry worldwide. The company operates through four segments: Agricultural Equipment, Commercial and Consumer Equipment, Construction and Forestry, and Credit. The Agricultural Equipment segment offers a line of farm equipment and related service parts, including tractors; combine, cotton, and sugarcane harvesters; tillage, seeding, and soil preparation machinery; sprayers; hay and forage equipment; integrated agricultural management systems technology; and precision agricultural irrigation equipment. The Commercial and Consumer Equipment segment provides equipment, products, and service parts for commercial and residential uses, such as tractors for lawn, garden, commercial, and utility purposes; mowing equipment, including walk-behind mowers; golf course equipment; utility vehicles; landscape and nursery products; irrigation equipment; and other outdoor power products. The Construction and Forestry segment offers a range of machines and service parts used in construction, earthmoving, material handling, and timber harvesting, including backhoe loaders; crawler dozers and loaders; four-wheel-drive loaders; excavators; motor graders; articulated dump trucks; landscape loaders; skid-steer loaders; and log skidders, feller bunchers, log loaders, log forwarders, log harvesters, and related attachments. Its products and services are marketed primarily through independent retail dealer networks and retail outlets. The Credit segment primarily finances sales and leases by dealers of new and used agricultural, commercial and consumer, and construction and forestry equipment. It also provides wholesale financing to dealers of the foregoing equipment, provides operating loans, finances retail revolving charge accounts, offers certain crop risk mitigation products, and invests in wind energy generation. Deere & Company was founded in 1837 and is based in Moline, Illinois.

56,653 Employees
Founded in 1837

DE Top Compensated Officers

Chief Executive Officer, President, Director ...
Age: 56
Total Annual Compensation: $578.2K
President of Agriculture & Turf Division - No...
Age: 57
Total Annual Compensation: $590.1K
President of Worldwide Construction & Forestr...
Age: 53
Total Annual Compensation: $543.4K
President of John Deere Credit
Age: 53
Total Annual Compensation: $439.0K
Compensation as of Fiscal Year 2008.

Key developments for Deere & Co. (DE)

Deere & Co. and United Auto Workers Reach Tentative Contract Agreement

The United Auto Workers and Deere & Co. announced that negotiators have reached a tentative agreement on terms of a new six-year contract covering approximately 9,500 employees and 17,000 retirees. Terms of the agreement were not released. The tentative agreement will now be presented for ratification to members of the 15 UAW Locals at Deere facilities. Both the UAW and Deere announced no further public comment would be made on the tentative agreement pending ratification votes by members.

Deere & Co. Announces Impairment Charges

On September 29, 2009, Deere & Co. announced that a noncash charge of approximately $300 million after-tax for impairment of the value of goodwill will be recorded in the fourth quarter ending October 31, 2009 related to reduction of the value of the John Deere Landscapes reporting unit.

Deere & Co. Announces Layoffs at Harvester Works

Deere & Co. announced that 367 manufacturing employees of the John Deere Harvester Works in East Moline, Illinois will be placed on indefinite layoff later this month due to reduced market demand for the factory's products. The company said the layoffs affect production workers with the least seniority. Employees were informed of the layoff, which is effective on September 21, 2009. Consistent with earlier projections, most of the remaining manufacturing employees at Harvester Works also will start four weeks of inventory adjustment shutdown and two weeks of vacation shutdown on September 21, 2009.

BusinessWeek Rankings

BusinessWeek 50
2005  #36

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DE $51.85 USD +1.02
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DE Competitors

Company Last Change
General Dynamics Corp $67.52 USD +1.05
Komatsu Ltd ¥1,723 JPY 0.00
Raytheon Co $51.44 USD +0.85
Suzuki Motor Corporation ¥2,060 JPY -30.00
Tyco International Ltd $36.50 USD -0.36
View Industry Companies
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Industry Analysis

Valuation DE Industry Range
Price/Earnings 15.0x
Price/Sales 0.9x
Price/Book 2.9x
Price/Cash Flow 14.9x
TEV/Sales NM Not Meaningful

DE

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DE transactions

Type
Date
Target
Bankruptcy
September 15, 2009
Southwest Forest Products Inc.
View More DE Transactions...

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