Deere & Company (DE, Financial) experienced a significant stock price increase of 5.09%, reaching $429.37 per share with a trading volume of 989,164 shares. The stock's turnover rate was 0.36%, and its price fluctuation was 5.61%.
The company's recent financial report highlighted impressive results, with operating revenue of $51.589 billion, net profit of $7.1 billion, and earnings per share of $25.72. The gross profit stood at $20.804 billion, and the price-to-earnings ratio was 16.74. Among 25 rating agencies, 44% recommended buying, 44% advised holding, and 12% suggested selling the stock.
In the industrial distribution sector, where Deere operates, the overall increase was 3.11%. Notable stocks in this sector included Cea Industries Inc C/Wts, AGCO Corporation, and Deere, which posted significant gains. Other active stocks were Nikola, Flowserve Corporation, and Blue Bird Corporation, with turnover rates of 11.06%, 4.71%, and 1.10%, respectively. Stocks with notable price fluctuations included Xos Inc C/Wts, Cea Industries Inc C/Wts, and Hydrofarm Holdings Group, Inc., with fluctuations of 18.80%, 16.67%, and 15.42%, respectively.
Deere is a leading manufacturer of agricultural equipment, producing some of the most recognized machinery in the heavy equipment industry. It operates through four segments: Production & Precision Agriculture, Small Agriculture & Turf, Construction & Forestry, and John Deere Capital. Deere products are available through a vast dealer network, including over 2,000 locations in North America and approximately 3,700 locations globally. John Deere Capital provides wholesale financing for dealers and retail financing for customers, enhancing Deere's product sales.
