Deere & Co (DE)

DE (NYSE:Industrial) EQUITY
$90.46
pos +0.01
+0.01%
Today's Range: 89.45 - 90.91 | DE Avg Daily Volume: 2,692,600
Last Update: 03/05/15 - 4:04 PM EST
Volume: 2,713,425
YTD Performance: 2.25%
Open: $90.01
Previous Close: $90.45
52 Week Range: $78.88 - $94.89
Oustanding Shares: 339,496,187
Market Cap: 30,707,430,114
6-Month Chart
TheStreet Ratings Grade for DE
Buy Hold Sell
A+ A A- B+ B B- C+ C C- D+ D D- E+ E E- F
TheStreet Ratings is the source for accurate ratings that you can rely upon to make sound, informed financial decisions. Click here to find out about our methodology.
Analysts Ratings
Historical Rec Current 1 Mo. Ago 2 Mo. Ago 3 Mo. Ago
Strong Buy 4 4 4 4
Moderate Buy 0 0 0 0
Hold 7 7 7 8
Moderate Sell 1 1 1 1
Strong Sell 5 5 5 5
Mean Rec. 3.14 3.14 3.14 3.13
Latest Dividend: 0.60
Latest Dividend Yield: 2.65%
Dividend Ex-Date: 03/27/15
Price Earnings Ratio: 11.39
Price Earnings Comparisons:
DE Sector Avg. S&P 500
11.39 11.40 27.74
Price Performance History (%Change):
3 Mo 1 Yr 3 Y
0.81% 4.07% 10.55%
GROWTH 12 Mo 3 Yr CAGR
Revenue -5.30 0.13 0.04
Net Income -10.60 0.13 0.04
EPS -5.00 0.30 0.09
Earnings for DE:
EBITDA 4.49B
Revenue 33.78B
Average Earnings Estimates
Qtr (04/15) Qtr (07/15) FY (10/15) FY (10/16)
Average Estimate $1.58 $1.41 $5.34 $5.26
Number of Analysts 11 11 16 14
High Estimate $1.84 $1.51 $5.64 $6.00
Low Estimate $1.30 $1.25 $4.94 $4.63
Prior Year $2.65 $2.33 $8.63 $5.34
Growth Rate (Year over Year) -40.45% -39.56% -38.09% -1.56%
Chart Benchmark Timeframe
Average Frequency Indicator Chart
Scale Symbol Comparison Bollinger Bands
"It might seem crazy what I'm about to say
In each case a market decline soon followed.

Deere, IBM and Greece Real Money Pro($)

My view is that Deere (DE) (a recent purchase) might trade a bit higher and IBM (IBM) a bit lower in the early going, based solely on Buffet's comments on CNBC's "Squawk Box."

Late Day Observations Real Money Pro($)

Caterpillar (CAT) looks like it has a rendezvous with $80 ahead of it. CAT remains on my Best Ideas List (short). For now, the market bends but doesn't break. I will stick to my notion of a "topping process." I am a $90.75 buyer of Deere (DE). I am working on a thesis why the U.S. auto manufacturers are destined for a period of underperformance and a protracted period of market share loss from foreign exchange weak exporters and from alternative manufacturers (e.g., Tesla (TSLA)) that are improving the "driving experience." The price of crude oil, as I feared, looks like it is destined to make a double bottom and to retest recent lows (-$2.37/barrel on the day). I missed shorting some more Apple (AAPL) as the shares never traded at my level of $131. I mentioned Ocwen (OCN) traded higher on word of a large naked short put trade. What happens is that the market maker on the other side is effectively short (long puts) and is forced to buy stock on a delta-adjusted basis to "even out." New low on TLT on the day and down by about $0.50 from short sale (hedge against muni funds). New daily low on IBM (IBM). Bank of America (BAC) breaks $16, avoid. All five of my regional bank holdings are higher today. Ali Blah Blah has missed out of the Nasdaq rip. Looks lower. (Remember, BABA is on my Surprise List.) I have raised my net short exposure today -- up to 15% net short. Is Warren Buffett becoming fearful while most others have become greedy? Stay tuned to Becky's interview with The Oracle on CNBC's "Squawk Box" on Monday.
Update
Feb 25, 2015 | 6:56 AM EST
DE - Deere & Co Annual Shareholders Meeting - 11AM

Today's Trades Real Money Pro($)

Aside from my typical trading activity (which at times gets frenetic!), I have sold a third of my Altisource Residential (RES) long and I initiated a Deere (DE) long today.

Taking a Small Long in Deere Real Money Pro($)

I am taking a small long position in Deere (DE) today (I remain short a small position in Caterpillar (CAT), which is still on my Best Ideas list (short)).

Time to Milk an Ag Laggard Real Money Pro($)

Archer Daniels Midland may be ready to catch up.
Bearish
Feb 23, 2015 | 7:11 AM EST
Shares of DE now seen reaching $86, according to Piper Jaffray. Estimates also reduced, given lower expected global agriculture demand....
Buffet's purchase of Deere is a good example.

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