Home > Deere & Company stock price is up 34% this year – where to buy the stock?

Deere & Company stock price is up 34% this year – where to buy the stock?

Deere & Company (DE) is up 34% in 2021 alone on better than expected financial results and strong demand.

Deere & Company recently announced its financial performance for the second quarter of its fiscal year. Total revenue increased by 30.4% on a y/y basis and GAAP earnings per share reached $5.68, a positive surprise, beating the estimates by $1.09.

This is a dividend-paying company, another reason to buy Deere & Company stock. Its four-year average dividend yield of 1.68% is above the sector median of 1.61% and the five-year yield on cost exceeds 3.68%.

All in all, Deere & Company’s strong financial performance in the second quarter confirms the road to higher profitability based on strong execution. Deere & Company stock price is up 135% in the last twelve months, with strong potential ahead based on the most recent financial performance.

Where Can I Buy Deere & Company (NYSE:DE) Stock?

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Who is Deere & Company?

Deere & Company (DE) is involved in the production and delivery of agricultural and farm machinery, being one of the largest companies in the world active in the industrial sectors. Its business is divided in three segments – construction and forestry, financial services, and agriculture and turf.

Besides the manufacturing and distribution of various equipment across the board, Deere & Co finances sales and leases agriculture and turf, but also forestry and construction equipment. The company is headquartered in Moline, Illinois, the United States, was founded in 1837, and employs close to 70,000 people.

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