New Holland digital technology New Holland introduces digital technology enhancements FieldOps Case IH and FieldOps New Holland Case IH digital enhancements New Holland and Case IH digital enhancements How AI is accelerating innovation in agriculture Basildon, October 9, 2025 AI is reshaping agriculture - and CNH is at the forefront of this transformation. In one of the world’s oldest industries, we have been supporting farmers through innovation and engineering for over 180 years. Today, as the ...

Core Viewpoint - Truist Securities has raised its price target on Deere & Company to $609.00 from $602.00 while maintaining a Buy rating, indicating a positive outlook despite muted investor sentiment ahead of earnings [1] Group 1: Market Sentiment and Expectations - Investor sentiment toward Deere remains muted ahead of earnings, creating a favorable setup for potential growth [1] - Analysts believe that market expectations for 2026 are overly bearish, particularly following a 20% decline in early orders for sprayers [1] Group 2: Segment Performance and Outlook - The outlook for large agricultural equipment in North America is uncertain due to trade-related risks, but a uniform 20% decline across all segments is not expected [2] - Early signs of improvement are noted in European and Brazilian agriculture, as well as in Deere's Construction and Forestry divisions [2] Group 3: Earnings Potential - Deere's earnings could benefit from a 10% underproduction in Small Ag, Turf, and Construction equipment, along with ongoing cost-cutting initiatives [3] - Despite headwinds in large agriculture, Deere is still positioned to grow earnings per share in 2026 [3] Group 4: Upcoming Catalysts - The pending decision on the U.S. Renewable Fuel Standard, expected by late October, is highlighted as a potential catalyst for U.S. farmers [4] - Deere's upcoming investor day on December 8 is anticipated to outline long-term strategic and financial goals [4]

Core Insights - The company reported financial results for the third quarter of fiscal 2025, highlighting operational progress and improved profitability despite challenges in the agricultural equipment sector [1] Financial Performance - The company continues to show operational progress and improved profitability during the third quarter and year to date [1]

PresentationGreg PetersonVice President of Investor Relations Good morning to those of you joining us for our webcast and for those of you here at the Fendt production facility in Marktoberdorf, Germany. My name is Greg Peterson, I head up Investor Relations for AGCO. It's my pleasure to welcome you to AGCO's sixth annual technology event. We're thrilled to have you with us as we showcase the innovations that are shaping the future of agriculture. These two days are all about transformation, how AGCO is lev ...

Group 1 - CNH's New Holland brand is advancing sustainable farming with the T7 Methane Power tractor, which is designed for farmers to adopt alternative fuel solutions [3][4] - The T7 Methane Power tractor features a gas tank capacity of 657 liters (173 gallons US), allowing it to operate for a full eight-hour silage shift [4] - Biogas is becoming increasingly popular in the agricultural sector, with CNH investing in Bennamann, a UK start-up that provides on-farm fueling stations and micro-digesters for converting cattle manure into fuel [5] Group 2 - CNH Industrial is a global leader in equipment, technology, and services, focusing on innovation, sustainability, and productivity [6] - The company has a diverse portfolio of brands, including Case IH, New Holland, STEYR, Raven, and others, providing a wide range of agricultural and construction solutions [6][7] - CNH has a history of over two centuries as a pioneer in its sectors, with a workforce of over 35,000 employees dedicated to empowering customers [7]

Core Viewpoint - John Deere is experiencing a slowdown in sales due to customer uncertainty linked to tariffs, leading to layoffs and significant financial impacts, yet the stock has risen, indicating investor confidence in future recovery [2][3][12]. Company Performance - John Deere plans to lay off over 200 workers due to a sales slowdown, attributing a $300 million loss this year to tariffs, with a forecasted total impact of nearly $600 million [2]. - Adjusted earnings have declined from $34.63 in 2023 to $25.62 in 2024, with expectations of further decline to approximately $18.55 this year [3]. - Despite declining earnings, Deere's stock has increased by 12% year-to-date and 15% over the last year, currently trading around $470 [3]. Industry Context - Deere is a cyclical company closely tied to agricultural demand cycles, currently at a low point, with a recovery anticipated around fiscal 2026 [5][12]. - The agricultural equipment sector is expected to see significant growth in 2026 and 2027, making Deere's current valuation attractive for long-term investors [5][12]. Financial Metrics - Deere's revenue decreased by 20.9% over the last 12 months, from $55 billion to $43 billion, with an 8.3% drop in the most recent quarter [16]. - The company maintains a debt-to-equity ratio of 52.7%, which is higher than the S&P 500's 21.0%, but still manageable for an industrial firm [10]. - Operating margin stands at 20.0% compared to the S&P 500's 18.6%, and net income margin is at 12.0% versus the S&P 500's 12.7% [16]. Key Catalysts - Inventory normalization has been achieved, aligning production with retail demand, which is expected to support healthier growth in the future [16]. - Federal rate cuts are making financing agricultural equipment less expensive, encouraging farmers to invest in new machinery [16]. - Deere is trading at 2.9 times revenue, lower than Caterpillar and reasonably compared to the wider market, indicating attractive valuation [16]. Long-term Outlook - The cyclical downturn is expected to conclude, with Deere positioned for recovery, making it an appealing investment for those with a 3-5 year outlook [12][18]. - Historical performance shows Deere's resilience during market stress, indicating potential for strong rebounds when conditions improve [11][18].

Field Image New Holland Combine Corn Header Automation Field Image New Holland ForageCam CNH brand New Holland wins two 2025 Agritechnica Innovation Awards Basildon, September 22, 2025 New Holland, a global agriculture brand of CNH, has triumphed at the 2025 Agritechnica Innovation Awards. New Holland received two silver medals for its Corn Header Automation and ForageCam™ - both industry-first technologies. These awards recognize the most innovative industry solutions and will be given out this Nov ...

Core Points - Ag Growth International Inc. (AGI) has partnered with Live to Farm and RIPCO Systems to promote agricultural education through a televised series that highlights real farm stories [1][2][3] - The upcoming season will feature the construction of an AGI grain bin on the Kalb farm, along with the installation of AGI's BinManager® technology, which allows farmers to monitor and manage grain quality via mobile devices [2][3] - The collaboration emphasizes the resilience of farm families and the importance of industry partnerships in modern agriculture [4][5] Company Overview - AGI is a provider of equipment and systems for the production, processing, and movement of grain, seed, fertilizer, feed, and food, with manufacturing facilities in multiple countries including Canada, the U.S., Brazil, India, France, and Italy [6] - RIPCO Systems is a family-owned business specializing in custom grain systems for farms and commercial operations, established in 1962 [8] Industry Context - The series "Live to Farm" aims to showcase the diversity and innovation in agriculture, focusing on the hard work and dedication of farm families during challenging economic times [5] - The Kalb and Cardinal families, featured in the series, are recognized for their achievements in high-yield farming and contribute to the narrative of modern agricultural practices [3][4]

Core Viewpoint - Investors often prefer stocks with a low price-to-earnings (P/E) ratio, believing that lower P/E indicates higher stock value due to growth potential [1] Group 1: P/E Ratio Insights - Stocks with a rising P/E ratio can also yield strong returns, indicating that as earnings rise, stock prices should follow suit [2][3] - A rising P/E ratio suggests investor confidence in a company's fundamentals and expected positive performance [4] - Stocks can experience P/E ratio increases of over 100% from their breakout point, presenting significant investment opportunities if identified early [5] Group 2: Stock Screening Criteria - The screening process for stocks with increasing P/E includes criteria such as current year EPS growth estimates being equal to or greater than the previous year's actual growth [7] - Price changes over different timeframes must show consistent increases, with the four-week price change exceeding the twelve-week change, and the twelve-week change exceeding the twenty-four-week change [8] - Additional criteria include a Zacks Rank of 1 or 2, and an average 20-day trading volume of at least 50,000 to ensure liquidity [9] Group 3: Selected Stocks - The screening narrowed down to four stocks: - Nike (Zacks Rank 2) with an average four-quarter earnings surprise of 41.99% [10] - AGCO (Zacks Rank 1) with an average four-quarter earnings surprise of 316.76% [10] - Docusign (Zacks Rank 1) with an average four-quarter earnings surprise of 6.92% [10] - InterDigital (Zacks Rank 1) with an average four-quarter earnings surprise of 54.27% [11]

Group 1 - ClearBridge Investments released its second-quarter 2025 investor letter for the ClearBridge Small Cap Strategy, highlighting the volatility in small-cap stocks during the quarter [1] - The Russell 2000 Index rebounded 10% from its November 2024 record highs, driven by growth, momentum, high-beta, and low-quality stocks, but underperformed compared to the Russell 1000 Index, which returned 11.1% [1] - The ClearBridge Small Cap Strategy underperformed its benchmark during this period, with the Russell 2000 returning 8.5% for the quarter [1] Group 2 - AGCO Corporation, a global manufacturer of agricultural equipment, was highlighted in the investor letter, with a one-month return of -3.07% and a 52-week gain of 18.34% [2] - As of September 15, 2025, AGCO Corporation's stock closed at $109.71 per share, with a market capitalization of $8.187 billion [2] - The strategy added AGCO Corporation as a new holding, believing it stands to benefit from new trade and tariff policies due to its diversified global sales, with approximately 80% of sales outside the U.S. [3] Group 3 - AGCO Corporation is not among the 30 most popular stocks among hedge funds, with 27 hedge fund portfolios holding the stock at the end of the second quarter, unchanged from the previous quarter [4] - While AGCO Corporation is acknowledged for its investment potential, certain AI stocks are considered to offer greater upside potential and less downside risk [4]