Deere & Company (DE, Financial) experienced a notable stock movement with a 5% increase in its share price, reaching $468.99. The stock saw a trading volume of 1.728 million shares and a turnover rate of 0.63%, with a price fluctuation of 4.98%.
Recent financial reports reveal Deere's impressive performance, with operating revenue of $51.716 billion and a net profit of $7.1 billion. The earnings per share stand at $25.72, with a gross profit of $20.941 billion and a price-to-earnings ratio of 18.30.
Among 25 institutions rating the stock, 48% recommend buying, 44% suggest holding, and 8% advise selling. Within the industrial distribution sector, where Deere operates, the overall increase was 2.96%. Other significant movers in the sector included Nikola, Blue Bird Corporation, and Rev Group, Inc.
Deere is a leading manufacturer of agricultural equipment and heavy machinery. The company operates through four main divisions: Production and Precision Agriculture, Small Agriculture and Turf, Construction and Forestry, and John Deere Capital. Deere's products are available through an extensive dealer network, including over 2,000 locations in North America and around 3,700 globally. John Deere Capital provides wholesale financing to dealers and retail financing to customers, boosting product sales.
