Welcome to our dedicated page for Deere & Company news (Ticker: DE), a resource for investors and traders seeking the latest updates and insights on Deere & Company stock.
Deere & Company, commonly known as John Deere, is a leading American corporation specializing in the design, manufacture, and distribution of agricultural machinery, heavy equipment, forestry machinery, diesel engines, and lawn care equipment. With a robust portfolio, Deere & Company operates through four key segments: production and precision agriculture, small agriculture and turf, construction and forestry, and John Deere Capital. These segments collectively address the diverse needs of customers by providing cutting-edge machinery and comprehensive financial services.
Deere’s production and precision agriculture segment delivers innovative solutions for high-production farming operations, while the small agriculture and turf segment caters to smaller-scale farms and lawn care needs. The construction and forestry division supports large-scale construction and forest management projects with reliable, high-performance equipment. John Deere Capital plays a crucial role by offering retail and wholesale financing solutions, thereby facilitating the purchase of Deere machinery through its extensive dealer network, which includes over 2,000 locations in North America and approximately 3,700 locations globally.
Recent achievements include the launch of the 2024 Startup Collaborator program and the introduction of new Model Year 2025 equipment, enhancing the company’s commitment to innovation and customer satisfaction. John Deere’s financial performance remains strong, with a reported net income of $2.370 billion for the second quarter of 2024 and significant investments in technologies such as the John Deere Autonomous 8R Tractor, See & Spray™, and E-Power Backhoe, designed to meet global demands for food, shelter, and infrastructure.
The company’s strategic vision centers on the Smart Industrial Operating Model, emphasizing the development of advanced solutions that increase productivity and sustainability. Despite fluctuating market conditions, Deere & Company remains focused on disciplined execution and continuous investment in customer-centric innovations to drive future growth and resilience.
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.
Tractors and Farm Equipment (TAFE), AGCO 's largest shareholder with a 16.3% stake, has issued an open letter to fellow shareholders outlining concerns about AGCO's performance and governance. TAFE criticizes AGCO's strategic missteps, poor execution, and underperformance compared to peers since Eric Hansotia became Chairman and CEO in 2021. The letter highlights AGCO's -29.97% 1-year TSR and -25.58% 3-year TSR, significantly trailing competitors and relevant indices.
TAFE calls for shareholder-driven boardroom changes, citing issues such as missed market opportunities, unsuccessful acquisitions, and ballooning costs. The letter proposes improvements in capital allocation, risk management, strategy, and corporate governance, including separating the Chair and CEO roles and implementing term limits for independent directors. TAFE suggests forming a Strategic Transformation Committee to oversee a holistic long-term strategy and enhance risk mitigation.
Deere & Company (NYSE: DE) has announced a quarterly dividend of $1.47 per share. The dividend will be payable on November 8, 2024, to stockholders of record as of September 30, 2024. This announcement was made by the company's Board of Directors on August 28, 2024. Deere & Company, commonly known as John Deere, is a leading manufacturer of agricultural, construction, and forestry machinery. This dividend declaration demonstrates the company's commitment to returning value to its shareholders and may indicate confidence in its financial stability and future prospects.
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