Deere & Company (DE) shares have plunged 9.8% in the year-to-date period compared with the Zacks Manufacturing - Farm Equipment industry’s 8.9% decline. It has also lagged the broader Zacks Industrial Products sector’s 3.1% gain and the S&P 500’s climb of 15.0%. The manufacturer of the iconic green and yellow agricultural equipment has been grappling with elevated production costs and weak demand as farmer spending has been impacted amid low agricultural commodity prices and higher interest rates.Deere’s Un ...

Agricultural machinery specialist Deere (NYSE:DE) — which conducts business as John Deere — encountered choppy price action in the market on Friday. Regional news reports indicate that management will implement job cuts. Obviously, the John Deere layoffs are most damaging to the impacted workers. However, the move also features broader economic implications.On Thursday, KWQC — a news channel based out of Davenport, Iowa — stated that it obtained a Deere corporate memo regarding a mandatory meeting set for e ...

The one thing with the robotics industry is it can only grow bigger. And with this growing trend, more investors are increasingly on the lookout for which robotics stocks to buy now.More and more businesses across all manner of industries are turning to automated machines to accomplish tasks. That’s because they want to get things done faster, cheaper and with fewer mistakes. Robots in factories, for example, can help manufacture more products for far less cost and with far fewer errors.The global robotics ...

Selecting dividend stocks to buy involves more than just pursuing high yields. Many companies with limited growth prospects resort to distributing excess cash to shareholders to keep the wolves (activist investors and angry stakeholders) at bay rather than face scrutiny for stagnant operational models.More concerning is when firms borrow funds to artificially boost their dividend yields. This tactic has waned in popularity due to rising interest rates but hasn’t completely disappeared, as other deceptive pr ...

Group 1 - Deere announced job cuts in 2024, affecting both production and salaried workforce to align with strategic priorities and reduce redundancy [1] - The layoffs are expected to begin later this year, with salaried job cuts scheduled for the third quarter of 2024 [1] - The company stated that these workforce reductions do not alter its previous guidance issued on May 16 [1] Group 2 - The trend of layoffs is not isolated to Deere, as many companies are cutting operating costs in response to high inflation and interest rates [2] - As of Wednesday morning, Deere's stock (DE) is down slightly, with a trading volume of 359,000 units compared to an average of 1.4 million shares [2]

$6.6M Commitment Creates John Deere Scholarship ProgramMOLINE, Ill., June 3, 2024 /PRNewswire/ -- A groundbreaking partnership between the John Deere Foundation, the University of Iowa (UI), and the Davenport Community School District (DCSD) will soon increase access to higher education for Iowa high school students.The John Deere Foundation will give $6.6 million over six years to create the John Deere Scholars Program, a program based on financial need that will help Davenport Community High School studen ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended April 28, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ____ to ____ Commission file no: 1-4121 DEERE & COMPANY (Exact name of registrant as specified in its charter) Delaware 36-2382580 (State of incorpo ration) ( ...

Ballygally View Images/iStock Editorial via Getty Images Introduction Many know Deere & Company (NYSE:DE) as an American cyclical, low-growth stalwart, but they miss the transformation the company is currently undergoing that will likely transform it into a better business and an appealing investment going forward (not to say that the company has also been a great investment in the past). This article aims to briefly review the company’s history, what it does, and outline my investment thesis. Of course ...

MOLINE, Ill., May 29, 2024 /PRNewswire/ -- The Deere & Company (NYSE: DE) Board of Directors today declared a quarterly dividend of $1.47 per share payable August 8, 2024, to stockholders of record on June 28, 2024.SOURCE John Deere Company ...

It’s important to be aware of the blue-chip stocks to avoid as we come to the end of the first-quarter earnings season, and cracks emerge in certain companies. Retailers, in particular, are struggling as inflation-battered consumers pull back their spending with interest rates elevated. Several prominent retailers posted mixed Q1 financial results and gave a downbeat forecast for the remainder of the year as they struggled with a slowdown in consumer spending.The latest reading from the U.S. Commerce Depart ...