PM Images We are always on the lookout for dividend increases. Whether it is on our website or social media platforms, we are always sharing dividend increase news. In this article, we are featuring 6 expected dividend increases in September 2024. You won't want to miss it! Why do we suspect these companies are going to announce a dividend increase in September? The dividend stocks featured in this article all have a history of announcing their annual dividend increases in September. The funny thing abo ...

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 July 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 (State of incorporation) 36-2382580 (IR ...

Economic Outlook - The U.S. economy is facing mixed signals regarding a potential recession, with J.P. Morgan raising the odds of a recession by year-end to 35% and Citi predicting a 40% chance going into next year [3][4]. - The Leading Economic Index (LEI) indicates a recession is likely, as it is at levels historically associated with recessions [6]. - Despite poor leading indicators, coincident indicators remain strong, suggesting that the economy is not yet in decline [8]. Market Sentiment - The number of S&P 500 companies mentioning "recession" in earnings calls was only 28 in Q2 2024, significantly lower than in 2022 and 2023, indicating a more optimistic outlook [12]. - Revenue growth for S&P 500 companies accelerated to 5% in Q2 2024, the highest since Q4 2022, which contradicts recession fears [12]. Federal Reserve Policy - The current Federal funds rate is between 5.25% and 5.50%, with expectations of a 25 basis points rate cut in September 2024, followed by gradual declines to 3.25% to 3.50% by July 2025 [12][14]. - The market's expectation of rate cuts suggests confidence in the Fed's ability to support the economy, which may prevent a deeper recession [14]. Investment Opportunities - LandBridge Company LLC is highlighted as a high-conviction investment due to its unique business model of owning land in the Permian Basin, which provides exposure to energy royalties and potential high-margin growth [20][21]. - Deere & Company is positioned for recovery in the agriculture sector, with strong fundamentals and a focus on efficiency improvements, despite facing current economic headwinds [36][39]. - L3Harris Technologies, Inc. is noted for its strong position in the defense sector, with expectations of revenue and earnings growth, alongside a commitment to returning excess free cash flow to shareholders [45][48].

OSAGE, IOWA - AUGUST 10: John Deere farm equipment is offered for sale at a dealership on August 10, ... [+] 2024 in Osage Iowa. (Photo by Scott Olson/Getty Images)Getty ImagesDeere (NYSE: DE) recently reported its Q3 fiscal 2024 results (fiscal ends in October), with revenues and earnings exceeding the street estimates. The company reported equipment revenue of $11.8 billion and earnings of $6.29 per share, compared to the consensus estimates of $10.9 billion and $5.68, respectively. Following the Q3 beat, ...

As murky as the outlook for farming and construction equipment is, Deere & Company's DE operational quality and capital return have its stock price on track to hit a fresh high soon. The critical details from the Q3 release include top and bottom-line strengths, favorable guidance despite challenging conditions, robust capital return, and a pledge to continue working on costs.  The takeaway is that Deere & Company's business contraction is severe but not as bad as expected, and the company is healthy enough ...

Deere is a cyclical stock worth holding through market cycles.Deere (DE 1.25%) stock has been under pressure as the peak of its earnings boom seems to be over. However, the agriculture, construction, and forestry original equipment manufacturer is still delivering impeccable results that have far exceeded pre-pandemic levels.Here's why Deere is an excellent dividend stock to buy around its two-year low, even if earnings growth clocks lower in the future. Deere is coming off a historic boomThe best way to ap ...

Scott Olson John Deere (NYSE:DE) reported Q3 results yesterday, delivering a double-digit beat vs consensus EPS and affirming its full year guidance of ~$7B in net income. Following several subsequent guidance downgrades in the previous quarters, this in our view removes a major overhang for shares. With valuation remaining cheap, this should drive shares to reprice on an expected 2025 agri cycle recovery, as argued by us in our initiation note. While retaining company-level guidance, management lowered ...

Deere & Company TodayDEDeere & Company$372.25 -1.01 (-0.27%) 52-Week Range$340.20▼$425.42Dividend Yield1.58%P/E Ratio11.21Price Target$422.78Add to WatchlistDeere & Company NYSE: DE shares bounced upward by more than 6% following a better-than-expected fiscal third-quarter earnings report, although the company continues to face significant industry headwinds. Cost-cutting measures have been successful insofar as the maker of agricultural and forestry equipment maintained its profit outlook for the year. How ...

Group 1 - The company reported better-than-expected third-quarter results with net sales declining 17% year-over-year to $13.152 billion, surpassing the consensus of $10.944 billion [1] - Earnings per share (EPS) was $6.29, down from $10.20 year-over-year, but exceeded the consensus estimate of $5.85 [1] - The company initiated involuntary employee-separation programs, incurring $124 million in pretax expenses, with an estimated total of $150 million [1] Group 2 - The company reaffirmed its 2024 net income outlook of $7.00 billion [1] - Expected declines in net sales for 2024 include Production & Precision Ag by ~20%-25%, Small Ag & Turf by 20%-25%, and Construction & Forestry by 10%-15% [1] - Financial services net income is projected to be $720 million for the fiscal year [1] Group 3 - Following the earnings announcement, Deere shares gained 6.3% to close at $373.26 [2] - Analysts from B of A Securities and Citigroup maintained a Neutral rating while raising their price targets to $410 and $395, respectively [2] - The consensus price target for Deere & Co is $427.1 based on 32 analysts, with a high of $551 and a low of $360 [4]

Core Thesis - The long-term bullish thesis for Deere & Company is based on factors such as population growth, declining global arable land, rising energy prices, and the necessity for farmers to invest in advanced technologies to enhance yields and reduce costs [2][28]. Financial Performance - In Q3 2024, Deere's net sales of equipment operations fell by 20% to $11.4 billion, with net income dropping by 42% and diluted EPS decreasing by 38% [9][10]. - The Production and Precision Ag segment experienced a 25% year-over-year decline in net sales, while the Small Ag and Turf segment saw an 18% decline [10][12]. - Despite the poor financial results, Deere's actual performance exceeded analyst expectations, with total revenues $2.4 billion higher than anticipated and EPS $0.65 above expectations [17]. Market Conditions - Current market challenges include low crop prices, high interest rates, and weak global manufacturing sentiment, which have led to reduced demand for agricultural equipment [14][21]. - The company is facing declining demand in key markets like North America and Brazil, exacerbated by high input costs and lower commodity prices [14][21]. Strategic Actions - Deere has proactively reduced production and inventory to align with demand, which helps avoid overproduction and supports pricing and margins [18][23]. - The company is focusing on integrating advanced technology into its product lineup, which is expected to enhance customer profitability and position Deere as a leader in agricultural innovation [21][22]. Future Outlook - Deere anticipates a 20-25% decline in net sales for its Production and Precision Ag and Small Ag and Turf segments, and up to a 15% contraction in its Construction and Forestry segment for the full year [21]. - The company maintains a strong balance sheet and is positioned for a rebound once economic conditions improve, particularly as aging equipment in North America creates replacement demand [22][27]. Investment Considerations - Deere's stock has historically performed well, returning approximately 400% over the past ten years, significantly outperforming the S&P 500 [6][8]. - The company has increased its dividend by 93% since 2020, reflecting a commitment to shareholder returns [4][28].