161.48 +1.41 (0.88%)
Pre-Market: 8:48AM EST
|Bid||161.10 x 900|
|Ask||161.40 x 1100|
|Day's Range||156.24 - 161.64|
|52 Week Range||128.32 - 175.26|
|Beta (3Y Monthly)||0.77|
|PE Ratio (TTM)||22.11|
|Earnings Date||Feb 15, 2019|
|Forward Dividend & Yield||3.04 (1.91%)|
|1y Target Est||176.71|
John Deere has been to CES before. The company known for its dark green tractors with the yellow deer on them has rubbed shoulders with the smart TVs, smart light bulbs, smart cars, smart switches and smart toothbrushes for years. "We do consider ourselves a technology company.
A brand new combine harvester buzzes up and down a field in eastern China without a driver on board, chopping golden rice stalks and offering a glimpse of what authorities say is the automated future of the nation's mammoth agricultural sector. The bright green prototype was operating last autumn during a trial of driverless farm equipment as the government pushes firms to develop within 7 years fully-automated machinery capable of planting, fertilising and harvesting each of China's staple crops - rice, wheat and corn. Other countries like Australia and the United States are taking similar steps in the face of such demographic pressures, but the sheer scale of China's farming industry means the stakes are particularly high in its drive to automate agriculture.
Sam Allen became the CEO of Deere & Company (NYSE:DE) in 2009. First, this article will compare CEO compensation with compensation at other large companies. Next, we'll consider growth that Read More...
# Deere & Co ### NYSE:DE View full report here! ## Summary * Perception of the company's creditworthiness is negative * Bearish sentiment is low * Economic output for the sector is expanding but at a slower rate ## Bearish sentiment Short interest | Positive Short interest is low for DE with fewer than 5% of shares on loan. The last change in the short interest score occurred more than 1 month ago and implies that there has been little change in sentiment among investors who seek to profit from falling equity prices. ## Money flow ETF/Index ownership | Neutral ETF activity is neutral. The net inflows of $10.19 billion over the last one-month into ETFs that hold DE are not among the highest of the last year and have been slowing. ## Economic sentiment PMI by IHS Markit | Negative According to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Industrials sector is rising. The rate of growth is weak relative to the trend shown over the past year, however, and is easing. ## Credit worthiness Credit default swap | Negative The current level displays a negative indicator. DE credit default swap spreads are near their highest levels for the past 1 year, which indicates the market's more negative perception of the company's credit worthiness. Please send all inquiries related to the report to firstname.lastname@example.org. Charts and report PDFs will only be available for 30 days after publishing. This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
Exhibiting for the first time at CES, Deere & Co. heavily promoted its artificial intelligence, self-driving and other technological capabilities.
Moody's Latin America Agente de Calificación de Riesgo S.A. (Moody's) has today affirmed all ratings assigned to John Deere Credit Compañía Financiera S.A. (JDC), including the Ba3 long-term corporate family rating (CFR) and its Aaa.ar national scale CFR. Moody's also affirmed JDC's global scale local and foreign currency senior unsecured debt ratings, of Ba3 and B1, respectively, as well as the national scale senior unsecured debt ratings of Aaa.ar in local currency and Aa2.ar in foreign currency.
Key Updates from the Industrial Sector Last Week (Continued from Prior Part) ## Cummins appoints new CFO On January 10, 2019, Cummins (CMI) announced that Pat Ward, its current CFO, will retire from his position. Cummins also announced that Mark Smith would be replacing Ward as CFO, effective on March 31, 2019. Ward has worked with Cummins for more than 30 years. Tom Linebarger, Cummins’ chair and CEO, said, “Pat has had an extraordinary career at Cummins. He has worked in nearly every part of our company during his 31-year tenure. He has helped many business leaders, including me, figure out where the business needs improvement and what to focus on first. Pat has also coached and developed many of our financial leaders in the company, inspiring them to be the best that they can be.” Ward’s successor, Mark Smith, has also worked with Cummins for more than 20 years. He has served as the vice president of financial operations and has led investor relations, business planning and analysis, and capital management departments at Cummins. ## Stock price update Cummins had a positive week. The stock gained ~2.5% and closed at $139.54 for the week ending January 11, 2019. The gains helped the stock to narrow its 100-day moving average gap and traded 1.5% below the 100-day moving average price of $141.69. So far in 2019, the stock has gained 6.0%. Cummins peers Caterpillar (CAT), Deere (DE), and General Electric (GE) have gained 5.2%, 9.0%, and 19%, respectively. Last week, Cummins outperformed the Invesco S&P 500 Equal Weight Industrials ETF (RGI), which gained 4.0%. The fund has invested 1.5% of its holdings in Cummins as of January 11, 2019. Cummins has a relative strength index of 57, which indicates that the stock isn’t overbought or oversold. Browse this series on Market Realist: * Part 1 - Honeywell to Collaborate with Optoro on Reverse Logistics * Part 2 - Deere Gets Six Agricultural Innovation Awards
Key Updates from the Industrial Sector Last Week (Continued from Prior Part) ## Deere gets six AE50 awards On January 10, 2019, Deere (DE) announced that it had received six AE50 awards. The reward is presented by the American Society of Agricultural and Biological Engineers for innovative product-engineering designs in agriculture. It recognizes 50 innovative products chosen by international engineering experts. Deere received awards for the following products: * Command Pro joystick for 6R tractors * Bale mobile app * 2660VT, a variable-intensity tillage tool * Tracks * 700FD Hydraflex Draper * a machine performance app that’s part of the Generation 4 command center These kinds of innovations help Deere to launch new products and further help farmers to save time, costs, and labor. Joel Dawson, director of production and precision agriculture for Deere, said, “This year’s AE50 Awards reaffirms the innovative spirit of our employees and illustrates our company’s commitment to bringing those linked to the land the most useful, high-quality products possible. Around the globe, John Deere engineers work tirelessly to create exciting new products and technology to benefit our customers.” ## Deere’s stock price Deere stock remained positive for the week. The stock gained ~4.4% and closed at $158.28 for the week ending January 11. The gains resulted in Deere trading 7.3% above its 100-day moving average price of $147.45. So far in 2019, Deere has gained ~9.0%. Deere’s peers Caterpillar (CAT), AGCO (AGCO), and CNH Industrial (CNHI) have fallen 5.2%, 13.3%, and 7.4%, respectively. Deere’s 14-day relative strength index score of 60 indicates that the stock isn’t overbought or oversold. Investors could hold Deere indirectly through the iShares MSCI Global Agriculture Producers ETF (VEGI), which had 15.2% of its portfolio invested in Deere as of January 11, 2019. Continue to Next Part Browse this series on Market Realist: * Part 1 - Honeywell to Collaborate with Optoro on Reverse Logistics * Part 3 - Cummins Announces CFO Change
CNBC's Jim Cramer flags some pain points in the U.S.-China trade war. Chinese consumers are starting to "take sides" as the U.S.-China trade dispute rages on, and that could hamper the success of some U.S. companies, CNBC's Jim Cramer said Friday. Perhaps it already is: U.S. tech giant Apple AAPL recently warned that its fiscal first-quarter results would miss expectations due to weaker-than-anticipated iPhone sales in China.
Agricultural equipment leader Deere exhibited at CES for the first time this year and touted artificial intelligence in its products. Deere demonstrated a self-driving tractor at the show.
At Deere, AI and advanced technologies are transforming the way the 182-year-old company manufactures, services and markets its planters, harvesters and sprayers. Today’s John Deere tractor is designed to be a smart, connected computer device able to analyze crops as it moves through the fields. The See & Spray agricultural machine uses computer vision and machine learning to sort healthy crops from weeds and allows farmers to apply herbicides only to the unwanted plants, according to Deere.