DCO.DE - Deere & Company

XETRA - XETRA Delayed Price. Currency in EUR
121.50
-0.54 (-0.44%)
At close: 5:35PM CET
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Previous Close122.04
Open121.50
Bid0.00 x 8000
Ask0.00 x 40000
Day's Range121.50 - 121.50
52 Week Range98.14 - 166.62
Volume1,144
Avg. Volume306
Market Cap39.884B
Beta (5Y Monthly)1.05
PE Ratio (TTM)11.85
EPS (TTM)10.26
Earnings DateN/A
Forward Dividend & Yield2.80 (2.30%)
Ex-Dividend DateMar 30, 2020
1y Target EstN/A
  • Bloomberg

    Don’t Drop Your iPhone Now: Repairing It Is a Problem

    (Bloomberg Opinion) -- If, in the midst of the coronavirus pandemic, you are in Minneapolis and you drop your iPhone, who will repair the cracked screen? If you’d like an authorized repair, with Apple Inc.-certified parts, the options are suddenly limited. Apple’s retail stores, and the service centers inside of them, are closed indefinitely. Similarly, Twin Cities-based Best Buy Co., which offers authorized Apple repairs in its stores, is not repairing products in-house at this time. Apple maintains a modest network of authorized repair shops, but — thanks to Covid-19 business shutdowns — the closest one available to repair an iPhone is nearly 200 miles away, in Sioux Falls, South Dakota. That leaves one reasonable authorized repair option: Mail in that iPhone and wait.Admittedly, this might not appear to be the most pressing issue during a pandemic. But consider: Covid-19 is spreading at a time when dependence on personal technology is more important than ever, connecting Americans to family, work, health information and news. As that dependence has grown, manufacturers of electronics — from mobile phones to essential medical equipment like ventilators — have made design and policy decisions that restrict device repair to themselves and their chosen representatives. In normal times, those decisions might amount to an expensive inconvenience for consumers. During a pandemic, they raise a pressing question: Who will repair our stuff if the manufacturers can’t or won’t?It’s not a question the U.S. faced during the 1918 flu pandemic. A century ago, most of the devices purchased by Americans were mechanical in nature, and home mechanics were plentiful. The Ford Model T circa 1918 was designed to be serviced by its owner or anyone nearby with basic mechanical skills. In the 1920s, American farmers started the mass adoption of mechanical tractors, and so had to develop formidable repair skills to keep them running. When World War II arrived, and farm equipment and repair parts became scarce, manufacturers like John Deere Inc. actively sought to aid farmers in the personal upkeep of their equipment. That self-reliant spirit persisted for most of the 20th century, epitomized by weekend mechanics working on their cars in the driveway.By the early 1990s, however, the skills and motivation to repair at home, or to start repair businesses, were in decline. As manufacturing jobs shuttered, mechanical and repair skills withered. At the same time, globalized manufacturing drove down the costs of manufactured goods. Once-expensive repairable televisions gave way to disposable $300 flat screens. The TV repair shop, once a fixture in American cities, has largely disappeared.More intentional reasons for the decline also emerged. Device, appliance and even farm-tractor manufacturers opted to wring more money out of their service and parts businesses by restricting access to repair parts and documentations. For example, on March 31, camera manufacturer Nikon Corp. will stop providing official parts, tools, software and repair manuals to the U.S. repair shops in its authorized repair network. (In 2012, it stopped selling parts to independent camera repair shops.) It will now only provide certified repair and parts in two Nikon-owned facilities. For camera owners, that means waiting longer, and probably paying more, to get their stuff fixed. For independent repair shops, it means one less reason to stay in business.Nikon’s practices aren’t unique. Apple restricts parts, diagnostic software and repair documentation to its stores and a small network of authorized repair shops. It also actively dissuades independent repair shops from fixing Apple products. One of the world’s most valuable companies is suing a small, unauthorized Norwegian phone repair shop for selling aftermarket iPhone screens. Without aftermarket parts, such shops cannot fix iPhones.And John Deere, once a proponent and partner in the independent repair of tractors, has built a repair monopoly by installing software that effectively prevents anyone but its authorized service centers from doing even simple repairs to its tractors. For some farmers, this practice has resulted in delays in planting, a particularly ominous prospect during a spring pandemic. Equally ominous, if not more so, is the prospect that in-house medical technicians — especially in hospitals in emerging markets — will not have access to repair documentation, software and tools in the midst of the pandemic.It's too late for manufacturers to provide more convenient, affordable and accessible repair options to most consumers and businesses during this pandemic. But there are some radical steps that could easily make a difference right now. For example, manufacturers of medical equipment such as ventilators should release repair guides for therapy devices to hospitals rather than forcing them to wait for a certified technician. Similarly, Deere and other farm equipment manufacturers should suspend their software locks for the 2020 planting season, at a minimum, to ensure that there’s no delay in servicing needed farm equipment. Finally, consumer electronics manufacturers, including Apple, should post information on how consumers can quickly obtain simple repairs like battery and screen replacements while authorized repair is unavailable.Longer-term, the states and federal government need to pass long-stalled “Right to Repair” legislation to expand access for all Americans. Key provisions include requirements that manufacturers make repair documentation for their products freely available, and sell parts and diagnostics to independent repair operations at a fair market price.Self-reliance has long been a part of the American self-image. Giving back the right to repair stuff is a good way to ensure it’s maintained during and after Covid-19.This column does not necessarily reflect the opinion of Bloomberg LP and its owners.Adam Minter is a Bloomberg Opinion columnist. He is the author of “Junkyard Planet: Travels in the Billion-Dollar Trash Trade” and the forthcoming "Secondhand: Travels in the New Global Garage Sale."For more articles like this, please visit us at bloomberg.com/opinionSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • Barrons.com

    Wall Street Looks at Coronavirus’s Impact on Machinery. Caterpillar and Deere Are in Focus.

    On Friday, (CAT) (ticker: CAT) was downgraded at Bank of America while (DE) (DE) was upgraded at J.P. Morgan. About 50% of Caterpillar’s sales are in the “energy & transportation” and “resource industry” segments. Caterpillar generated positive free cash flow in both 2008 and 2009, during the last steep economic downturn.

  • What Made You Think the Rally Wouldn’t Get Sold?: Taking Stock
    Bloomberg

    What Made You Think the Rally Wouldn’t Get Sold?: Taking Stock

    (Bloomberg) -- An 18% jump in three days would be great for the highest-beta asset, let alone a gauge of 500 of the largest companies in the U.S.The S&P 500 has gained that much since Tuesday, pushing through a number of resistance lines at light speed and clocking the biggest three-day run since 1933. The VIX Index, which measures projected volatility over the next 30 days, has lost half a point (or 1%) in the same time.Price swings aren’t likely to subside when investors are going through a range of conflicting emotions a dozen times a day. Millions have lost jobs, the economy is faltering and the U.S. now has more confirmed cases than any other country in the world. But a package of stimulus should provide some relief, and the market caps of companies have jumped by billions of dollars a day this week, recouping some of what they lost in recent, similar plunged.The same rally would look a lot more sustainable if the VIX was at 35 and not 60, Tallbacken Capital Advisors says.​Certainly, it’s a good to see half of the S&P’s industry groups up 20% or more since Tuesday and the Dow Jones up 21% during that time. But without concrete data on the state of corporate earnings and the economy, yet alone the ETA of a peak in the outbreak, it doesn’t mean all too much. Not a single stock in the Dow Jones is trading above its 50-day moving average, even as the index is on track for the best week since 1931. Caterpillar withdrew its financial outlook for the year and Boeing moved by tens of billions of dollars a day, showing the firm’s true value is a mystery.In and OutAnalysts will also have to square the stock market advance with data from EPFR Global that showed investors pulled $18.7 billion from U.S. equity funds in the week ending Wednesday, the biggest outflow since at least the beginning of the year.Futures are taking a breather with what has become a modest decline of 2.9% on Friday. Italian stocks fell the most in two weeks as the nation’s business newspaper reported, citing parliamentary documents, that the country may need new economic stimulus in addition to the package already discussed. China posted the biggest fall in industrial profits on record but the Shanghai Composite still eked out a gain.Today’s final University of Michigan consumer sentiment for March may offer a good view into how bad consumer spending may be in the coming months. Data on Thursday showing last week’s jobless claims quadrupled to a record 3.2 million all but guarantees spending will slow.So why did stocks rally after an unprecedented spike in jobless claims? Investors could’ve thought the terrible print is as bad as it’s going to get, or that weak economic releases in the weeks ahead are already factored in.On Tap For Next Week:And next week will be busy with economic announcements. We’ll get U.S. pending home sales on Monday, a measure of signed contracts (not closings) that’s a good leading indicator of closings that are at least one month out. Shortly after that we’ll get March Dallas Fed Manufacturing Activity. But we’ll have to wait until Friday for the most important one -- the monthly jobs report.The jobs data is expected to show U.S. payrolls fell in a negative territory in March for the first time in almost a decade. Still, the figure surveys people on the second week of the month, in this case, before the surge in claims triggered by the nationwide shutdown, and won’t likely be a good indicator of the real state of events.“The April-May data will provide a clearer perspective on the extent of damage inflicted on the labor market,” says Bloomberg Economics’ Eliza Winger.Consumer confidence print on Tuesday will provide a good lens into how negative consumers’ opinions are on current economic conditions. And we’ll see a final PMI manufacturing print for March on Wednesday, together with ISM manufacturing, construction spending and mortgage applications.The week will be relatively light in terms of earnings, but Constellation Brands (before the bell on Friday) and Walgreens Boots Alliance (Thursday) will be the ones to keep an eye out for.Sectors in Focus:KB Home is up 8% after a blowout quarterly report after the bell Thursday. Watch peers for a reaction.Watch General Motors after the firm announced in a memo (described to Bloomberg News after the bell) that the firm’s salaried staff will have 20% of pay deferred starting April 1 through the fourth quarter of this year or first quarter of 2021, in a move to preserve cash.Lululemon reported an acceleration of sales growth in the latest quarter, but refrained from offering an outlook for the current year, in a move that caused a target price upgrade at Piper Sandler and a cut at Guggenheim.Notes From the Sell SideCaterpillar was cut to neutral from buy at BofA, which cited the heavy machinery company’s exposure to the energy sector, as well as uncertainty stemming from the coronavirus.The company recently pulled its forecast due to the pandemic, as have Cummins and Deere, “which only underscores the degree of demand and supply side uncertainty emanating from the COVID-19 outbreak.” Caterpillar “has a strong balance sheet and nearly 4% dividend yield, but so do a lot of other companies,” the firm wrote, adding that a strong yield “is not enough” in the current environment.Goldman sees a risk from Caterpillar’s energy exposure, noting that it has seen “one major capital spending cut after another from the large E&Ps, as well as pipeline project deferrals in the midstream space.”Separately, JPMorgan raised its view on Deere & Co., citing valuation after a recent pullback, though the firm continues to see risks for the machinery company.Analyst Ann Duignan remains “cautious on the structural challenges facing U.S. agriculture,” along with the impact of a strong dollar and ethanol fundamentals. However, Deere’s “balance sheets were in a strong position coming into this crisis and our revised [free cash flow] assumptions suggest they will still be in decent shape coming out of it.”PepsiCo was upgraded by two notches at Credit Suisse, to outperform from underperform, at Credit Suisse, which cited the food company’s valuation and “near, medium, and long-term drivers.” In the near-term, the pandemic “highlights defensive nature of PepsiCo,” including its “strong positions in water, sports drinks, juice brands and beneficiary from snack pantry loading.” Over the longer term, analyst Kaumil Gajrawala sees PEP’s beverage business improving.Tick-By-Tick to Today’s Actionable Events:8:00 Robert Kaplan, Federal Reserve Bank of Dallas President, on Bloomberg Radio8:30am -- Feb. Personal Income, Personal Spending10am -- March Final U. of Mich. SentimentFTSV/GILD - HSR expiresAVX/6971 JP- Tender offer expiresFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • Reuters

    Brazil farm machinery sales, manufacturing slump amid coronavirus

    The expected growth of farm machinery sales in Brazil for 2020 has been wiped out by the coronavirus pandemic as agricultural trade fairs are canceled and shops are closed, with industry representatives hoping for a rebound in the second semester. Parts manufacturing has also ground to a halt with U.S.-based Deere & Co and Brazil's Jacto suspending operations at their Brazilian factories this week. Kepler Weber SA, the largest manufacturer of grain storage equipment in Latin America, placed its workers at two factories on leave for 20 days.

  • Deere, World’s Biggest Tractor Maker, Halts Output in Brazil
    Bloomberg

    Deere, World’s Biggest Tractor Maker, Halts Output in Brazil

    (Bloomberg) -- Deere & Co. is halting production in agricultural behemoth Brazil as the coronavirus outbreak erodes sales for the world’s biggest tractor maker.In a bid to protect employees and families, Deere said it will suspend two facilities in Brazil on Wednesday for an undetermined period while four other units will stop Monday.Deere and smaller rival AGCO Corp. pulled their financial outlooks on Monday and said they were cutting back operations. Dogged in the past year by trade war uncertainties and low crop prices, machinery companies are now struggling to deal with the ambiguity surrounding a pandemic, unable to say how long it will last or how economically damaging it may be.In Brazil -- one of the largest farm economies and the top exporter of commodities including coffee and soybeans -- the virus is leading to suspensions of agricultural fairs, worsening the outlook for sales.Deere’s Brazilian operations are mainly in the southern half of the country, including centers that supply parts in Campinas, sugarcane harvesters and sprayers in Catalao and tractors in Montenegro.Its distribution center for Latin America will continue to give support amid the soybean harvest as well as services to construction clients. Office staff will work remotely.(Adds detail on Brazilian operations)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • Bloomberg

    Tractor Makers Stung by Trade Wars Now Face Virus Cutbacks

    (Bloomberg) -- Tractors and combines should be flying out of U.S. dealerships as farmers desperately need to replace an aging fleet. They’re not, and at the same time, production in Europe is being hampered by supply chain shortages.Welcome to the coronavirus conundrum. Dogged in the past year by trade war uncertainties and low crop prices that kept farmers from ponying up cash, the world’s big machinery companies are now struggling to deal with the ambiguity surrounding a deadly pandemic, unable to say how long it will last or how economically damaging it may be.The result: Both Deere & Co. and AGCO Corp. pulled their financial outlooks on Monday, and both said they were cutting back operations. For Deere, the decision comes just a month after it announced an unexpected earnings boost and maintained its annual outlook on early signs of stabilization in the U.S. farm sector. Now, with coronavirus sapping its ability to forecast the future with any confidence, the company is changing its path.“The market is pricing in meaningful downside” for machinery companies, “but a global pandemic has not occurred for over a 100 years, thus there is not much precedent to fall back on,” Mircea Dobre, senior research analyst at Robert W. Baird & Co., said in a recent note.Already, large-tractor sales are 50% below their peak, according to Bloomberg Intelligence. Normally, that would be a sign that much-needed buying should occur. Instead, as the U.S. starts shutting down to stem the virus’s spread, Deere said it is reducing some operations and closing others on a temporary basis, even though its industry has been federally designated in the U.S. as an essential infrastructure businesses. Further updates will be provided in the Company’s second-quarter earnings announcement and conference call scheduled for May 22, 2020, the company said.In February, Deere forecast an earnings range of $2.7 billion to $3.1 billion in a statement that made no mention of the coronavirus already erupting in China. That compared with an average estimate by analysts of $2.9 billion. The company reported adjusted earnings of $1.63 a share for the first quarter, up from $1.54 a year earlier.In Europe, production has already been significantly reduced or suspended in several of AGCO facilities as the virus has raged across that continent, the company said in its statement. AGCO blamed that on shortages and constraints in the European supply chain. Additional production disruptions in other regions are expected, the statement said.Since the virus erupted in China, Deere has had a special crisis team of 10 people meeting daily on its impact, although everyone involved in global supply management is ultimately involved. Deere has also booked premium space on charter flights to obtain crucial parts directly from China, the company told Bloomberg in an email.In Brazil, a key market for global machinery makers, the coronavirus spread is leading to suspensions of agricultural fairs, worsening the outlook for sales. Rural fairs, events in the countryside where machinery makers can exhibit equipment, play an important role in machinery sales for companies. Last year, Agrishow, the biggest rural fair in the nation, totaled 3 billion reais in sales.Weak farm fundamentals and lack of detail on the phase-one U.S.-China trade deal are bearish factors for 2020. Longer term, though, the aging fleet and the world’s population growth will be supportive, according to a report by Bloomberg Intelligence. That will make adoption of high-tech and pricey precision agriculture methods and aftermarket services more important for profits.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • These Miners Cut Production Due To Coronavirus; John Deere Pulls Guidance
    Investor's Business Daily

    These Miners Cut Production Due To Coronavirus; John Deere Pulls Guidance

    John Deere fell after withdrawing guidance amid the coronavirus crisis. Mining stocks Newmont Mining and Freeport-McMoRan cut production.

  • TheStreet.com

    John Deere Withdraws 2020 Financial Outlook

    Heavy-equipment producer Deere withdrew its 2020 financial guidance in response to the coronavirus outbreak, which has crippled large parts of the world economy.

  • ‘The Fed and the authorities need to be a bit more precise’:iQ Capital USA
    Yahoo Finance Video

    ‘The Fed and the authorities need to be a bit more precise’:iQ Capital USA

    Keith Bliss of iQ Capital USA and Barry Knapp, Ironsides Macroeconomics Managing Partner, joins Yahoo Finance’s Alexis Christoforous to discuss what next steps leadership could take amid the coronavirus outbreak.

  • Is Deere & Company (NYSE:DE) An Attractive Dividend Stock?
    Simply Wall St.

    Is Deere & Company (NYSE:DE) An Attractive Dividend Stock?

    Dividend paying stocks like Deere & Company (NYSE:DE) tend to be popular with investors, and for good reason - some...

  • Hedge Funds Are Buying Deere & Company (DE)
    Insider Monkey

    Hedge Funds Are Buying Deere & Company (DE)

    Coronavirus is probably the 1 concern in investors' minds right now. It should be. On February 27th we published an article with the title Recession is Imminent: We Need A Travel Ban NOW. We predicted that a US recession is imminent and US stocks will go down by at least 20% in the next 3-6 […]

  • Investopedia

    Agriculture Investments Could Pay Off in This Market

    Most sectors are under extreme selling pressure. The move lower could present an opportunity for those interested in agriculture stocks.

  • IBD Rating Upgrades: Deere & Company Flashes Improved Relative Price Strength
    Investor's Business Daily

    IBD Rating Upgrades: Deere & Company Flashes Improved Relative Price Strength

    A Relative Strength Rating upgrade for Deere & Company shows improving technical performance. Will it continue?

  • Deere Strong on Farm Income, Construction Segment a Sore Spot
    Zacks

    Deere Strong on Farm Income, Construction Segment a Sore Spot

    Rising U.S farm income will drive demand for Deere's (DE) agricultural equipment while weak activity in the construction sector weighs on the Construction & Forestry segment.

  • Top Analyst Reports for Merck, Novartis & Mondelez
    Zacks

    Top Analyst Reports for Merck, Novartis & Mondelez

    Top Analyst Reports for Merck, Novartis & Mondelez

  • Allen elects to retire as Deere Board chairman May 1st
    PR Newswire

    Allen elects to retire as Deere Board chairman May 1st

    After a 45-year career of distinction and achievement, Samuel R. Allen has elected to retire May 1 from his current position as chairman of the Deere & Company (NYSE: DE) Board of Directors.

  • Deere recognized as one of the World's Most Ethical Companies
    PR Newswire

    Deere recognized as one of the World's Most Ethical Companies

    Deere & Company (NYSE: DE) is one of the World's Most Ethical Companies according to the Ethisphere Institute, which today announced its annual ranking of companies with highly ethical business practices.

  • Reuters

    FOCUS-Deere taps tractor-hailing tech in bid to break ground in Africa

    Deere & Co. is teaming up with the "Uber of tractors" in Africa and betting on a future where farmers summon machines with the touch of a button. The aim is to help the U.S. company boost sales of it famous green and yellow John Deere tractors, a tough task in a continent with the world's highest poverty rate and the least mechanised agricultural sector. Deere is currently testing the technology - a small black box fitted beneath dashboards - on around 400 tractors in Ghana and Kenya.

  • John Deere hopes to break ground in Africa through tractor-hailing tech
    Reuters Videos

    John Deere hopes to break ground in Africa through tractor-hailing tech

    John Deere, the world's leading manufacturer of farm equipment, is teaming up with Africa's "Uber of tractors" - betting on a future where farmers summon machines at the touch of a button. (SOUNDBITE) (English) JOHN DEERE'S HEAD OF AFRICA, JACQUES TAYLOR, SAYING: "We do like to see that every farmer has access to mechanization." The American company is hoping to boost sales of its famous green and yellow tractors on the continent - via Hello Tractor's technology, a small black box allowing farmers to hail tractors, monitor their movements and transmit information such as fuel levels. It's currently being trailed on 400 tractors in Ghana and Kenya - but John Deere plans to offer it to all contractors who buy its equipment in Africa. But the risks are clear: held back by low incomes, tiny landholdings and a lack of bank financing, tractor numbers have long been stagnant on the continent. Jacques Taylor is John Deere's head of sub-Saharan Africa. (SOUNDBITE) (English) JOHN DEERE'S HEAD OF AFRICA, JACQUES TAYLOR, SAYING: "The biggest challenge at this stage is to justify the capital investment in agriculture, and financing linked to that." He argues the new collaboration can help as data pulled from Hello Tractor could be used by farmers - who typically lack credit histories - to secure bank loans. Pascal Kaumbutho, chairman of agricultural services firm Agrimech Africa, agrees. (SOUNDBITE) (English) AGRIMECH AFRICA'S CHAIRMAN AND MANAGING DIRECTOR, PASCAL KAUMBUTHO, SAYING: "It is one thing to walk into a bank and say 'You know. Hey I work very hard.' It's another thing to be able to show it." No loans decisions have yet been made based on such data, but with the continent's population set to double by 2050, increased productivity is a necessity. Outside South Africa, 80% of African cropland is still cultivated by hand and yields are half the global average. Hello Tractor founder Jehiel Oliver sees that as an opportunity. (SOUNDBITE) (English) HELLO TRACTOR FOUNDER, JEHIEL OLIVER, SAYING: "The global average is 200 hundred tractors per 100 square kilometers of arable farm land. Africa averages around eight tractors per 100 square kilometers, Nigeria alone needs 750,000 tractors to be on the global average." John Deere declined to comment on the cost of its tech investment. Africa makes up just a fraction of its annual revenues of around $40 billion - which are dominated by the Americas and Europe.

  • Deere taps tractor-hailing tech in bid to break ground in Africa
    Reuters

    Deere taps tractor-hailing tech in bid to break ground in Africa

    Deere & Co. is teaming up with the "Uber of tractors" in Africa and betting on a future where farmers summon machines with the touch of a button. The aim is to help the U.S. company boost sales of it famous green and yellow John Deere tractors, a tough task in a continent with the world's highest poverty rate and the least mechanised agricultural sector. Deere is currently testing the technology - a small black box fitted beneath dashboards - on around 400 tractors in Ghana and Kenya.