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Is Deere & Company Stock Outperforming the Dow?
Yahoo Finance· 2026-03-04 09:34
Company Overview - Deere & Company is a leading global manufacturer of agricultural, construction, and forestry machinery, as well as diesel engines and related financial services, headquartered in Moline, Illinois [1] - The company operates through segments including Production & Precision Agriculture, Small Agriculture & Turf, Construction & Forestry, and Financial Services, selling equipment to customers in over 100 countries [1] - Deere has a market cap of $167.9 billion, positioning it as one of the largest players in the global farm and heavy equipment industry [1][2] Stock Performance - Deere's stock is currently trading 8.2% below its 52-week high of $674.19, reached on February 19 [3] - Shares of Deere have rallied 28.5% over the past three months, significantly outperforming the broader Dow Jones Industrials Average, which gained only 1.3% during the same period [3] - Year-to-date, Deere has gained 33%, again outperforming the Dow Jones Industrials Average's marginal returns [5] - Over the past 52 weeks, Deere's shares are up 32.9%, compared to the Dow's 12.3% gains [5] Financial Performance - In fiscal Q1 2026, Deere reported earnings per share (EPS) of $2.42, which, while a decline from $3.19 in the same quarter last year, beat analyst estimates [6] - Revenue for the quarter increased by 13% to $9.6 billion, driven by strong growth in the Construction & Forestry and Small Agriculture & Turf segments, with sales jumping 34% and 24%, respectively [6] - The stock has been trading above its 50-day and 200-day moving averages since the beginning of the year, confirming a bullish trend [5] Competitive Landscape - In comparison, Deere's rival, Caterpillar Inc. has gained 26.1% year-to-date and 117.5% over the past 52 weeks [7]