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Deere & Co (DE.N)

DE.N on New York Stock Exchange

122.13USD
4:00pm EDT
Change (% chg)

$0.42 (+0.35%)
Prev Close
$121.71
Open
$121.86
Day's High
$122.65
Day's Low
$121.03
Volume
773,933
Avg. Vol
575,735
52-wk High
$122.65
52-wk Low
$76.73

Latest Key Developments (Source: Significant Developments)

Berkshire Hathaway ups share stake in United Continental Holdings, American Airlines
Tuesday, 14 Feb 2017 04:50pm EST 

Berkshire Hathaway Inc: Berkshire Hathaway Inc dissolves share stake in Deere & Co - SEC filing . Berkshire Hathaway Inc takes share stake of 166.6 million shares in Sirius XM Holdings Inc . Berkshire Hathaway Inc takes share stake of 43.2 million shares in Southwest Airlines Co . Berkshire Hathaway Inc ups share stake in United Continental Holdings to 29 million shares from 4.5 million shares . Berkshire Hathaway more than doubles share stake in American Airlines Group Inc to 45.5 million shares .Change in holdings are as of Dec 31, 2016 and compared with the previous quarter ended as of Sept 30, 2016.  Full Article

Deere & Co. plans to contest U.S. govt legal action to block acquisition
Wednesday, 31 Aug 2016 12:04pm EDT 

: Deere & Co says it plans to contest legal action announced by U.S. Department of justice to block acquisition of Monsanto's precision planting . Deere says Department of Justice's "allegations about the competitive impacts of the transaction are misguided" . Deere says the proposed acquisition benefits farmers by accelerating the development and delivery of new precision equipment solutions .Deere says "when the transaction is finalized Deere will preserve Precision Planting's independence".  Full Article

U.S. files antitrust lawsuit to block Deere from buying Monsanto's Precision Planting unit
Wednesday, 31 Aug 2016 11:48am EDT 

: U.S. files antitrust lawsuit against Deere & Co Monsanto Co -- court filing . U.S. says seeks to block deere's proposed acquisition of monsanto's precision planting llc unit . U.S. says Deere and precision planting dominate U.S. market for high-speed precision planting systems, with at least 86% share . U.S. says allowing the purchase would lessen competition, impede innovation, and hurt farmers who now benefit from lower prices . U.S. files lawsuit in the federal court in Chicago.  Full Article

U.S. files antitrust suit against Deere and Monsanto - Bloomberg
Wednesday, 31 Aug 2016 11:45am EDT 

:U.S. files antitrust suit against Deere and Monsanto - Bloomberg.  Full Article

Deere & Co sets regular quarterly dividend of $0.60/share
Wednesday, 31 Aug 2016 11:43am EDT 

Deere & Co :Sets regular quarterly dividend of $0.60 per share.  Full Article

Deere & Co sees FY projection for U.S. commodity prices for corn $3.15 per bushel
Friday, 19 Aug 2016 07:00am EDT 

Deere & Co : 2016/17 projection for U.S. commodity prices for corn $3.15 per bushel . Sees FY 2016 total U.S. farm cash receipts of $ 373.4 billion versus previous forecast of $375.1 billion . 2016/17 projection for u.s. Commodity prices for soybeans $9.30 per bushel . Sees FY 2016 net sales down about 10 percent . Sees equipment operations FY 2016 CAPEX about $650 million .Sees "continued modest economic growth; increased uncertainty due to non-economic risks" in EU for fiscal 2016.  Full Article

Deere Q3 earnings per share $1.55
Friday, 19 Aug 2016 06:45am EDT 

Deere & Co : Q3 earnings per share $1.55 . Announces third Quarter earnings of $489 million . Q3 sales $6.724 billion versus I/B/E/S view $6.09 billion . Full-year 2016 earnings forecast increased to $1.35 billion . Agriculture & turf. Sales fell 11 percent for quarter . Company equipment sales are projected to decrease about 10 percent for fiscal 2016 . Deere's worldwide sales of agriculture and turf equipment are forecast to decrease by about 8 percent for fiscal-year 2016 . Construction and forestry sales decreased 24 percent for quarter . Deere's worldwide sales of construction and forestry equipment are forecast to be down about 18 percent for 2016 . "continuing to focus on ways to make our operations more efficient and achieve further structural cost reductions" . Agriculture & turf full-year 2016 industry sales in eu28 are forecast to be flat to down 5 percent . Industry sales of turf and utility equipment in U.S. And Canada are expected to be flat to up 5 percent for 2016 . In South America, industry sales of tractors and combines are projected to be down 15 percent to 20 percent . In forestry, 2016 global industry sales are expected to be down 5 percent to 10 percent from last year's strong levels. .Agriculture & turf Asian sales are projected to be flat to down slightly, due in part to weakness in China in 2016.  Full Article

Bill Gates' Cascase Investment reports open market sale of Deere & Co shares
Tuesday, 16 Aug 2016 06:12pm EDT 

Deere & Co : Bill Gates' Cascase Investment LLC reports open market sale of 85,000 shares of Deere & Co at prices of $78.04 and $77.13 as of Aug 12 - SEC filing .Bill Gates' Cascase Investment LLC reports sale of 36,581 shares of Deere & Co at $78.04 and 48,419 shares of Deere & Co at $77.13 as of Aug 12.  Full Article

Moody's changes Deere's outlook to negative from stable
Monday, 15 Aug 2016 03:35pm EDT 

Moody's - : Moody's changes Deere's outlook to negative from stable; Affirms A2 long-term and prime-1 short-term ratings . Outlook reflects challenges Deere is facing as result of broad, lengthy weakness in farm equipment demand and unusually low margins .Current outlook for 2017 points toward flat market conditions with respect to agricultural commodity harvests and pricing.  Full Article

U.S. CPSC - Deere & Company to recall 5,400 lawn and garden tractors
Thursday, 4 Aug 2016 12:00pm EDT 

: U.S. Consumer Product Safety Commission - Deere & Company to recall 5,400 lawn and garden tractors .U.S. Consumer Product Safety Commission says Reverse Implement Option (RIO) system can fail, posing a laceration hazard to bystanders.  Full Article

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