Professional
Added to YB: 2024-04-12
Pitch date: 2024-03-31
DE [bullish]
Deere & Company
+44.15%
current return
Author Info
No bio for this author
Company Info
Deere & Company engages in the manufacture and distribution of various equipment worldwide. The company operates through four segments: Production and Precision Agriculture, Small Agriculture and Turf, Construction and Forestry, and Financial Services.
Market Cap
$155.5B
Pitch Price
$398.94
Price Target
N/A
Dividend
1.13%
EV/EBITDA
24.15
P/E
32.46
EV/Sales
4.57
Sector
Machinery
Category
value
Oakmark Fund New Position: Deere & Company
DE: Ag equipment leader, strong brand/tech/distribution but stock down on ag cycle fears. Long-term, global food demand to rise as ag land/labor declines. DE to benefit as farms must boost productivity. Bought at low 10x est normalized earnings.
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