Deere & Co Stock Price, News & Analysis

Deere & Company (NYSE: DE) has announced six companies for its 2025 Startup Collaborator program, marking the 7th cohort since the program's launch in 2019. The initiative aims to enhance collaboration with startups developing innovative technologies for agriculture and construction customers.

The selected companies for 2025 include: Array Labs (3D Earth imaging), Landscan (digital twin soil analysis), LIDWAVE (4D LiDAR-on-a-chip), Presien (physical AI for worksite safety), ReSim (embodied AI testing), and Witricity (wireless charging technology).

The program focuses on exploring new technologies that can enhance productivity, sustainability, and efficiency in farming and construction practices through strategic collaboration with forward-thinking startups.

John Deere (NYSE:DE) has announced a significant expansion of its self-repair solutions, enabling customers and independent repair technicians to reprogram Deere-manufactured electronic controllers. The new capabilities will be integrated into the John Deere Operations Center™, offering comprehensive diagnostic and repair tools while maintaining machine reliability, safety, and compliance.

The company plans to launch these enhanced repair solutions in the U.S. and Canada by the second half of 2025, following a customer and independent repair technician pilot program. This initiative builds upon Deere's existing suite of tools, including the John Deere Bookstore, Quick Reference Guides, Shop.Deere.com, Customer Service ADVISOR™, and Equipment Mobile app.

According to Denver Caldwell, Vice President of Aftermarket and Customer Support, this expansion aligns with Deere's commitment to improving the equipment ownership experience through both dealer support and self-repair resources, aiming to minimize unplanned downtime and enhance operational productivity and profitability.

John Deere (DE) unveiled several new autonomous machines at CES 2025, expanding its autonomous technology portfolio across agriculture, construction, and commercial landscaping sectors. The company introduced a second-generation autonomy kit featuring 16 cameras for 360-degree field views and enhanced depth calculation capabilities.

Key innovations include the Autonomous 9RX Tractor for large-scale agriculture, Autonomous 5ML Orchard Tractor for air blast spraying (with both diesel and future electric versions), 460 P-Tier Autonomous Articulated Dump Truck for quarry operations, and an Autonomous Battery Electric Mower for commercial landscaping. These developments address critical labor shortage challenges, with statistics showing 2.4 million unfilled farm jobs annually, 88% of contractors struggling to find skilled labor, and 86% of landscaping businesses facing hiring difficulties.

The machines can be managed through the John Deere Operations Center Mobile platform, offering features like live video, real-time metrics, and remote notifications for maintenance issues.

Deere & Company (NYSE: DE) has announced an increase in its quarterly dividend payment. The company's Board of Directors declared a quarterly dividend of $1.62 per share, representing a $0.15 increase from the previous dividend of $1.47. The dividend will be payable on February 10, 2025, to stockholders of record as of December 31, 2024.

Deere & Company reported Q4 2024 net income of $1.245 billion ($4.55 per share), down from $2.369 billion ($8.26 per share) in Q4 2023. Full-year 2024 net income was $7.1 billion ($25.62 per share), compared to $10.166 billion in 2023. Worldwide net sales and revenues decreased 28% to $11.143 billion in Q4 and fell 16% to $51.716 billion for the full year. The company projects fiscal 2025 net income between $5.0-5.5 billion, with significant market challenges expected across segments. Production & Precision Agriculture saw the largest decline with sales down 38% and operating profit down 64% in Q4.

Deere & Company (NYSE:DE) announced a $6.6 million three-year unrestricted funding commitment to Feeding America to combat hunger in the United States. The grant aims to address food insecurity affecting over 47 million Americans, including 14 million children. Deere also supports The Farmlink Project, which recently redirected 15 million pounds of surplus apples from farms to food banks. This initiative marks over 40 years of Deere's commitment to food banks, which began during the 1980s farm crisis. The company's broader strategy includes partnerships with the Global Food Banking Network, One Acre Fund, Nature Conservancy, and World Food Program USA.

Deere & Company (NYSE: DE) has scheduled its fourth quarter 2024 earnings call for Thursday, November 21, at 9:00 a.m. central time. The company will discuss its financial and operating performance with analysts, investors, and financial community members. The call will be accessible through www.JohnDeere.com/earnings, where the earnings release, financial information, and presentation materials will also be available. A recording of the call will be accessible on the website for a time afterward.

Deere & Company (NYSE: DE) has appointed PACCAR CEO R. Preston Feight to its board of directors, expanding the board to 12 members. Feight, who has been PACCAR's CEO since July 2019, brings 26 years of experience from the global truck manufacturing company. His expertise spans engineering, manufacturing, aftermarket, and financial services, with a strong focus on advanced technologies including diesel, electric, and hydrogen fuel cell powertrains. Under his leadership, PACCAR has advanced in driver assistance systems and truck connectivity. Prior to becoming CEO, Feight held various leadership positions at PACCAR and previously worked at AlliedSignal and Ford.

Trimble (Nasdaq: TRMB) and John Deere (NYSE: DE) have announced a strategic partnership to accelerate the adoption of grade control technology in the construction industry. This collaboration will make Trimble Earthworks Grade Control technology available on John Deere SmartGrade™ equipped machines, either directly from the factory or as a field upgrade.

The integration aims to simplify the connection between office and field operations, allowing John Deere customers to leverage Trimble's technology ecosystem for increased productivity, efficiency, and better decision-making. Various purchasing options will be available in the future, including as part of the Trimble Construction One suite of digital solutions.

This partnership demonstrates both companies' commitment to promoting machine control technology adoption in construction, enhancing jobsite safety and efficiency while providing customers with more ways to elevate their operations throughout the design-build-operate lifecycle of construction projects.