deere & co (DE:New York)
deere & co (DE) Snapshot
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Open
$87.83
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Previous Close
$87.59
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Day High
$87.89
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Day Low
$86.10
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52 Week High
01/30/13 - $95.60
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52 Week Low
06/4/12 - $69.51
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Market Cap
33.8B
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Average Volume 10 Days
4.8M
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EPS TTM
$8.14
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Shares Outstanding
389.6M
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EX-Date
03/26/13
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P/E TM
10.7x
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Dividend
$2.04
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Dividend Yield
2.18%
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deere & co (DE) Latest News
deere & co (DE) Related Businessweek News
deere & co (DE) Details
Deere & Company manufactures and distributes agriculture and turf equipment, and construction and forestry equipment worldwide. Its Agriculture and Turf segment provides agriculture and turf equipment, and related service parts, including large, medium, and utility tractors; loaders; combines, corn pickers, cotton and sugarcane harvesters, and related front-end equipment and sugarcane loaders; tillage, seeding, and application equipment comprising sprayers, nutrient management, and soil preparation machinery; and hay and forage equipment consisting of self-propelled forage harvesters and attachments, balers, and mowers. This segment also offers turf and utility equipment, including riding lawn equipment and walk-behind mowers, golf course equipment, utility vehicles, and commercial mowing equipment; integrated agricultural management systems technology; precision agricultural irrigation equipment and supplies; landscape and nursery products; and other outdoor power products. The company’s Construction and Forestry segment provides machines and service parts used in construction, earthmoving, material handling, and timber harvesting comprising backhoe and landscape loaders, crawler dozers and loaders, four-wheel-drive loaders, excavators, motor graders, articulated dump trucks, skid-steer loaders, feller bunchers, log skidders and loaders, log forwarders and harvesters, and related attachments. Deere & Company’s financial services segment finances sales of and leases new and used agriculture and turf equipment, and construction and forestry equipment. This segment also provides wholesale financing to dealers of the foregoing equipment; finances retail revolving charge accounts and operating loans; and offers crop risk mitigation products and extended equipment warranties. The company markets its products and services primarily through independent retail dealer networks and retail outlets. Deere & Company was founded in 1837 and is headquartered in Moline, Illinois.
deere & co (DE) Top Compensated Officers
deere & co (DE) Key Developments
Deere & Company reported unaudited earnings results for the second quarter and six months ended April 30, 2013. For the quarter, the company reported total net sales of $10,265,000 against $9,405,000 for the same period in the last year. Total net sales and revenues were $10,914,000 against $10,009,000 for the same period in the last year. Total operating profit was $1,861,000 against $1,697,000 for the same period in the last year. Net income attributable to the company was $1,084,000 or $2.76 per share against $1,056,000 or $2.61 per share for the same period in the last year. For the six months, the company reported total net sales of $17,058,000 against $15,524,000 for the same period in the last year. Total net sales and revenues were $18,335,000 against $16,775,000 for the same period in the last year. Total operating profit was $2,895,000 against $2,570,000 for the same period in the last year. Net income attributable to the company was $1,734,000 or $4.41 per share against $1,589,000 or $3.91 per share for the same period in the last year. Company equipment sales are projected to increase by about 5% for fiscal 2013 and by about 3% for the third quarter compared with the same periods a year ago. Included is an unfavorable currency-translation impact of about 1% for the year. For the full year, net income attributable to the company is anticipated to be about $3.3 billion. Although the company expects to deliver record earnings for the year, global financial pressures as well as adverse weather patterns have added a note of caution to the outlook. The company’s near-term forecast is being tempered by lingering economic concerns in many parts of the world, which are restraining business confidence and growth. In addition, cool, wet weather in North America has delayed crop planting, slowed construction activity and hurt sales of turf-care equipment. The company continue to forecast cash flow from equipment operations to be about $3.4 billion in 2013.
Deere & Company Presents at International Strategy & Investment Group 2013 Annual Industrial Conference, Mar-05-2013 10:55 AM. Venue: Palace Hotel, New York, New York, United States. Speakers: Rajesh Kalathur, Chief Financial Officer, Principal Accounting Officer and Senior Vice President, Susan Karlix, Manager, Investor Communications, Tony Huegel, Director, Investor Relations.
The Board of Directors of Deere & Company has approved an increase of the company's dividend to $0.51 a share on common stock. The dividend is payable on May 1, 2013 to stockholders of record on March 28, 2013. The new quarterly rate represents an increase of 5 cents per share over the previous level -- an increase of approximately 11%.
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Industry Analysis
DE
Industry Average
| Valuation | DE | Industry Range |
| Price/Earnings | 10.8x |
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| Price/Sales | 0.9x |
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| Price/Book | 4.1x |
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| Price/Cash Flow | 10.6x |
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| TEV/Sales | NM | Not Meaningful |
Post a JobJobs
- Waterloo, IA | John DeerePosted: May 22
- Moline, IL | John DeerePosted: May 22
- North Carolina | John DeerePosted: May 22
- Johnston, IA | John DeerePosted: May 22
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To contact DEERE & CO, please visit www.deere.com. Company data is provided by Capital IQ. Please use this form to report any data issues.
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