2024-05-16 17:18:36 ET
Summary
- Deere & Company's stock price has been struggling recently due to its cyclical nature and dependence on crop prices and construction spending.
- The company's recent earnings showed a decline in net sales and revenues, attributed to lower shipment volumes and weak demand.
- Despite short-term challenges, Deere remains a compelling long-term investment with its strong fundamentals, focus on innovation, and commitment to rewarding shareholders.
Introduction
It's time to talk about Deere & Company ( DE ) , one of my all-time favorite dividend growth stocks and one of the best sources providing intel for investors interested in agriculture and construction.
Since 2020, I have frequently covered the company as it became a cornerstone of my long-term vision and a core holding of my dividend growth portfolio.
Back then, I started buying the company in the $170s range for a few reasons:
- I'm long-term bullish on agriculture . In this case, I mean major crop prices. Global supplies are tight, demand continues to rise consistently, and secular demand drivers like biofuels add to the longer-term demand picture.
Read the full article on Seeking Alpha
For further details see:
Headwinds Now, Tailwinds Later: Why I'm Buying (Much) More Deere