Money and Finance
Deere & Company (DE) Dividend Stock Analysis
Man it feels good to start cranking out some more stock analyses. I always love getting to dig into the financials of companies and learning how they operate and what makes them tick. Nerd alert! A few weeks back I asked everyone to help me come up with some new investment ideas given our currently elevated market. And the response was truly astounding. One company that was mentioned a lot was Deere & Company (DE), the maker of John Deere tractors. I'd been meaning to take a closer look at them for a long time but with so many of you recommending DE now seemed to be the time to start moving forward on an analysis. Deere & Company closed trading on Friday, November 29th at $84.24, offering a current yield of 2.42%.
Company Background (sourced from Yahoo! Finance):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 companys 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 & Companys 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.
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Money and Finance