Deere & Company: Bringing Self-Driving To Farming

Jun. 20, 2023 4:19 PM ETDeere & Company (DE) StockDE3 Comments

Summary

  • Deere & Company is revolutionizing agriculture with self-driving tractors and aims to deliver a fully autonomous, battery-powered electric ag tractor by 2026.
  • The company reported strong Q2 earnings with revenues of $17.4 billion, a 30% YoY increase, and EPS of $9.65 per share, a 42% YoY increase.
  • Deere has a growing dividend, a strong balance sheet, and an A credit rating, but short-term economic headwinds may impact the stock.
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Clining beach and maintenance. John Deere tractor grooming sand on beach shore.

Maksim Safaniuk/iStock Editorial via Getty Images

Deere & Company(NYSE:DE) is much more than a tractor manufacturer within the agriculture sector. Deere is revolutionizing the agriculture sector by installing self-driving capabilities is its large machinery tractors, making them the Tesla (

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This article was written by

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Mark Roussin is an active Certified Public Accountant (CPA) in the state of California. Mark has worked as a CPA, serving both public and private Real Estate corporations for over 10 years. Today, he provides his followers insights to both undervalued dividend stocks mixed with high-growth opportunities with a goal of them reaching financial freedom in the long-term. Mark tends to invest primarily in dividend stocks with a strong emphasis on Real Estate Investment Trusts (REITs).

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Analyst’s Disclosure:I/we have a beneficial long position in the shares of DE either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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