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Why Fundamental Investors Might Love Deere & Company (NYSE:DE)

Simply Wall St

Building up an investment case requires looking at a stock holistically. Today I've chosen to put the spotlight on Deere & Company (NYSE:DE) due to its excellent fundamentals in more than one area. DE is a well-regarded dividend payer with an impressive history of delivering benchmark-beating performance. In the following section, I expand a bit more on these key aspects. For those interested in understanding where the figures come from and want to see the analysis, take a look at the report on Deere here.

Established dividend payer with proven track record

DE delivered a bottom-line expansion of 59% in the prior year, with its most recent earnings level surpassing its average level over the last five years. In addition to beating its historical values, DE also outperformed its industry, which delivered a growth of 19%. This is an optimistic signal for the future.

NYSE:DE Income Statement, September 30th 2019

For those seeking income streams from their portfolio, DE is a robust dividend payer as well. Over the past decade, the company has consistently increased its dividend payout, reaching a yield of 1.8%.

NYSE:DE Historical Dividend Yield, September 30th 2019

Next Steps:

For Deere, I've compiled three key factors you should further examine:

  1. Future Outlook: What are well-informed industry analysts predicting for DE’s future growth? Take a look at our free research report of analyst consensus for DE’s outlook.
  2. Financial Health: Are DE’s operations financially sustainable? Balance sheets can be hard to analyze, which is why we’ve done it for you. Check out our financial health checks here.
  3. Other Attractive Alternatives : Are there other well-rounded stocks you could be holding instead of DE? Explore our interactive list of stocks with large potential to get an idea of what else is out there you may be missing!

We aim to bring you long-term focused research analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material.

If you spot an error that warrants correction, please contact the editor at editorial-team@simplywallst.com. This article by Simply Wall St is general in nature. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Simply Wall St has no position in the stocks mentioned. Thank you for reading.