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Deere & Company

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For fiscal 2019, Deere anticipates net sales to be up about 7% year over year and projects net income of about $3.6 billion. The Wirtgen acquisition will contribute about 2% to net sales for fiscal 2019. The company will benefit from upbeat agricultural and construction equipment markets. Acquisitions and introduction of advanced technologies in its products will also drive growth. The stock has also outperformed the industry in the past year. Deere remains well placed for growth over the long term, based on steady investments in new products and geographies. Profitability is likely to remain strong, backed by upward trends in population and urbanization growth, along with continued income growth and dietary improvements.


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