Deere’s 11% Weekly Dip Largest Among Large-Cap Industrials

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Deere ($NYSE:DE) & Co, or DEERE, is a large American corporation manufacturing and selling agricultural and construction equipment. Recently, among large-cap industrial stocks, Deere experienced the largest weekly loss of 11%. With this news, Deere’s stock has taken a downturn, but the long-term prospects for the company remain strong and intact.

Price History

The stock opened at $372.2 and closed at $369.6, representing a 1.1% decrease from its last closing price of $373.8. DEERE is the largest producer of agricultural and construction equipment in the world and its stock price had been steadily increasing in recent months. This dip has caused investors to take a second look at their investments and reevaluate the potential of DEERE’s stock. Deeres_11_Weekly_Dip_Largest_Among_Large-Cap_Industrials”>Live Quote…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Deere. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Deere. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Deere. More…

Key Ratios Snapshot

Some of the financial key ratios for Deere are shown below. More…

Analysis

GoodWhale’s analysis of DEERE’s fundamentals revealed that it is a medium risk investment in terms of financial and business aspects. Our Risk Rating tool indicated that DEERE is below average in terms of financial risk and above average in terms of business risk. We have also detected two risk warnings in income sheet and balance sheet that could indicate a potential problem with DEERE’s financials. To access more information on these warnings, be sure to register with GoodWhale. We are committed to helping you make the best investment decisions possible by providing timely and accurate data. Deeres_11_Weekly_Dip_Largest_Among_Large-Cap_Industrials”>More…

Peers

Deere & Co. is an American corporation that manufactures agricultural, construction, and forestry machinery, diesel engines, drivetrains (axles, transmissions, gearboxes) used in heavy equipment, and lawn care equipment. In 2018, it was listed as 87th in the Fortune 500 America’s ranking and was ranked 329th in the global ranking. The company also provides financial services and other related activities. Deere & Co.’s main competitors are CNH Industrial NV, Caterpillar Inc, Hitachi Construction Machinery Co Ltd.

– CNH Industrial NV ($NYSE:CNHI)

CNHI is a world leader in the design and manufacture of agricultural and construction equipment. The company has a market cap of 17.03B as of 2022 and a ROE of 29.84%. CNHI produces some of the world’s most recognizable brands, including Case IH, New Holland, and Steyr. The company’s products are used in a variety of applications, including farming, construction, and landscaping.

– Caterpillar Inc ($NYSE:CAT)

Caterpillar Inc. is a publicly traded company with a market capitalization of 96.9 billion as of 2022. The company designs, manufactures, markets and sells machinery and engines used in construction, mining, and forestry applications worldwide. Caterpillar’s return on equity was 33.83% as of 2022.

Caterpillar is a leading manufacturer of construction and mining equipment, diesel and natural gas engines, and industrial gas turbines. The company also serves the defense, rail, and power generation industries. Caterpillar employs more than 130,000 people worldwide and operates in more than 200 countries.

– Hitachi Construction Machinery Co Ltd ($TSE:6305)

Hitachi Construction Machinery Co Ltd has a market cap of 574.79B as of 2022, a Return on Equity of 13.19%. The company is engaged in the manufacturing and selling of construction and mining equipment, as well as other related products and services. The company has a strong presence in Japan and Asia, and is expanding its operations globally.

Summary

Deere & Co. has seen its stock price decline sharply over the past week, with a loss of 11% as of the close of trading on Wednesday. This is the worst decline among large-cap industrial stocks, and has raised concerns among investors. Analysts point to a slowing demand for heavy equipment and lower profits driven by increased expenses as key factors contributing to Deere’s poor performance.

There has also been downward pressure on agricultural stocks due to an escalating trade war between the U.S. and China. As a result, analysts are recommending that investors proceed with caution when considering adding Deere to their portfolios.