Welcome to our dedicated page for Deere & Co news (Ticker: DE), a resource for investors and traders seeking the latest updates and insights on Deere & Co stock.
Deere & Company (NYSE: DE), the global leader in agricultural and construction equipment manufacturing, maintains this dedicated news hub for investors and industry professionals. Access official press releases, financial updates, and strategic announcements from the pioneer of precision agriculture technology.
This resource consolidates John Deere's operational developments across its core segments: advanced farming machinery, intelligent construction solutions, and integrated financial services. Users will find timely updates on earnings reports, product innovations, sustainability initiatives, and market expansion efforts.
Key content categories include quarterly financial disclosures, leadership updates, technological advancements in autonomous equipment, and dealer network developments. All materials are sourced directly from the company to ensure regulatory compliance and factual accuracy.
Bookmark this page for streamlined access to DE's corporate communications. Combine these verified updates with Stock Titan's analytical tools to monitor the company's performance in capital-intensive industries and evolving global markets.
John Deere launches FarmCraft, an interactive Minecraft experience aimed at educating youth about modern agriculture. Available on the Minecraft Marketplace since June 8, 2021, FarmCraft allows players to engage in farming activities such as planting, growing, and harvesting crops. Developed with Blockworks, the initiative aims to spark interest in agricultural careers among young people. The platform features an automated researcher to guide players through various scenarios, enhancing the educational value of the experience.
Deere & Company (NYSE: DE) has announced a quarterly dividend of $0.90 per share, set to be paid on August 9, 2021. This dividend will benefit stockholders of record as of June 30, 2021. The decision reflects the company's consistent commitment to returning value to shareholders amidst market fluctuations.
Deere & Company (NYSE: DE) reported a significant net income of $1.790 billion, or $5.68 per share, for Q2 2021, marking a 169% increase year-over-year. Net sales surged by 30% to $12.058 billion due to robust market conditions. The equipment division's operating margin reached 19.5%, showcasing effective execution of strategic initiatives. Full-year earnings are forecasted to be between $5.3 and $5.7 billion. However, the company anticipates supply-chain pressures ahead, although it remains optimistic about maintaining strong performance throughout the year.
On May 18, 2021, John Deere (NYSE: DE) announced its commitment of over $2.7 million to support India's response to COVID-19. This initiative focuses on providing medical resources such as oxygen generators, ventilators, and ambulances. John Deere aims to enhance healthcare infrastructure in collaboration with United Way Mumbai. CEO John C. May highlighted the company's longstanding presence in India and its commitment to community investment. This funding aims to address immediate healthcare needs and foster long-term recovery.
The John Deere Foundation has announced a $200 million investment over the next 10 years to enhance its philanthropic initiatives. This investment builds on the Foundation's legacy, which has awarded over $340 million in grants since 1948. The funds will be allocated as follows: $100 million for families and youth in Deere's home communities, $50 million to support farmers globally, and $50 million to empower the company's workforce. This commitment aligns with the United Nations Sustainable Development Goals.
Deere & Company (NYSE: DE) announced a quarterly dividend increase to $.90 per share, effective May 10, 2021, for stockholders on record as of March 31, 2021. This new rate marks an increase of 14 cents per share, approximately 18 percent higher than the previous dividend. CEO John C. May highlighted that the increase reflects the company’s strong performance and confidence in future prospects.
Deere & Company (NYSE: DE) reported a significant increase in first-quarter net income, reaching $1.224 billion, or $3.87 per share, up 137% from $517 million, or $1.63 per share, year-over-year. Net sales surged 19% to $9.112 billion, with equipment operations net sales growing 23% to $8.051 billion. The company has raised its full-year earnings forecast to between $4.6 billion and $5.0 billion, driven by improved market conditions in agriculture and construction sectors. A new operational strategy is aimed at enhancing efficiency and profitability.
John Deere has welcomed four new companies into its 2021 Startup Collaborator program, aimed at enhancing collaboration with startups that bring innovative technologies. The selected startups, Nori, NVision Ag, Scanit, and Teleo, focus on diverse areas such as carbon markets, nitrogen management for farmers, airborne plant pathogen detection, and tele-operated construction equipment. This year-long program allows Deere and the startups to test technologies with customers and dealers without formal business ties, fostering innovation and potential market transformation.
FAQ
What is the current stock price of Deere & Co (DE)?
What is the market cap of Deere & Co (DE)?
