Deere Co. Stock

Description Deere and Co

Deere Company, commonly known as simply Deere, is an American multinational corporation that designs, manufactures, and distributes a wide range of agricultural, construction, and forestry machinery, diesel engines, drivetrains, transmissions, and lawn care equipment. The company was founded in 1837 by John Deere, and is headquartered in Moline, Illinois.

Deere Company is listed on the New York Stock Exchange under the ticker symbol "DE". As of June 2021, the company had a market capitalization of over $121 billion, making it one of the largest manufacturers of agricultural machinery in the world.

The company's product range includes a wide range of agricultural equipment such as tractors, combines, sprayers, and planters. In addition to agricultural machinery, Deere also produces a range of construction equipment, including excavators, loaders, and backhoes, as well as various forestry machinery, such as skidders, feller bunchers, and harvesters.

Deere Company operates in more than 180 countries worldwide, and generates a significant portion of its revenue from sales to farmers and other agricultural businesses. The company also provides financing and leasing services to its customers, and maintains a substantial network of dealers and service centers to support its products.

Competitors of Deere and Co

Deere and Co (DE) is a leading manufacturer of agricultural equipment, construction machinery, and forestry equipment. Its most important competitors include:

1. CNH Industrial (CNHI): Headquartered in the Netherlands, CNH Industrial is a global manufacturer of agricultural equipment, construction equipment, commercial vehicles, and powertrains. Its brands include Case IH, New Holland, and FPT Industrial.

2. Caterpillar Inc. (CAT): Founded in 1925 and headquartered in Illinois, this company is the world's leading manufacturer of construction and mining equipment, diesel and natural gas engines, and industrial gas turbines.

3. AGCO Corporation (AGCO): Headquartered in Georgia, AGCO is a global manufacturer of agricultural equipment, including tractors, harvesters, sprayers, and hay and forage equipment. Its brands include Massey Ferguson, Challenger, and Fendt.

4. Komatsu Ltd. (KMTUY): Founded in 1921 and headquartered in Tokyo, Komatsu is a global manufacturer of construction and mining equipment, industrial machinery, and electronics. Its products include hydraulic excavators, bulldozers, wheel loaders, and dump trucks.

5. Kubota Corporation (KUBTY): Headquartered in Japan, Kubota is a manufacturer of agricultural equipment, engines, and construction machinery. Its products include tractors, mowers, excavators, and compact track loaders.

These companies pose a significant competitive threat to Deere and Co (DE), and their performance in the market can impact Deere's business and financial results.

Suppliers of Deere and Co

As a manufacturer of agricultural and construction equipment, Deere and Co (DE) relies on a network of suppliers and vendors to source raw materials, parts, and components for its products. The company's most important suppliers could be categorised into several broad categories:

1. Steel Producers: Deere uses a significant amount of steel in its products, and as a result, has relationships with major steel producers such as ArcelorMittal, Tata Steel, and US Steel.

2. Engine Suppliers: Deere engines are supplied by a number of different engine manufacturers, including Caterpillar, Cummins, and Mitsubishi. These companies provide engines of different sizes and configurations to Deere for use in its equipment.

3. Electrical Components Suppliers: Deere relies on several major electronics manufacturers such as Bosch, Siemens, and Honeywell, to supply it with electrical components and control systems used in its equipment.

4. Tyre Manufacturers: Deere purchases tyres from major global tyre brands such as Michelin and Bridgestone.

5. Rubber Suppliers: As a manufacturer of rubber hoses, belts, and seals, Deere sources raw materials from rubber suppliers like Goodyear and Continental AG.

It is worth noting that Deere and Co works with hundreds of suppliers across the globe. The above-mentioned suppliers are just some of the notable and essential vendors the company relies on to produce and deliver its products to the market.