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Deere beat earnings estimates despite lower revenue, with stock at $471.35 and a 1.4% dividend yield.
Deere & Company reported second-quarter earnings of $4.75 per share, beating estimates by $0.13, despite a 9% revenue decline year-over-year.
The company, a global manufacturer of agricultural and construction equipment, has a market cap of $127.42 billion and a price-to-earnings ratio of 24.64.
Institutional investors including Northstar Advisory Group, Quintet Private Bank Europe, and Ransom Advisory Ltd reduced their stakes, while Adamsbrown Wealth Consultants increased its position by 14.4%.
The stock closed at $471.35, with a quarterly dividend of $1.62, yielding 1.4%.
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Deere superó las estimaciones de ganancias a pesar de los ingresos más bajos, con acciones a $471.35 y un rendimiento de dividendos del 1.4%.