To The Moon

🌟🌟🌟I like $John Deere(DE)$  which is  a US company famous for its agricultural machinery, heavy equipment, forestry machinery, diesel engines, drivetrains used in heavy machinery and lawncare equipment.  It also provides financial services.

The company was named after  John Deere, a blacksmith  who developed the first commercially successful self scouring steel plow in 1837.  John Deere is synonymous with quality products  as he said that he will never put his name on a product that does not have the best that is in him. 

Interestingly John Deere's largest individual shareholder is Bill Gates who owns  3.8%  shares while Berkshire Hathaway owns 7.2%sgares of John Deere. 

In August 2024, John Deere reported a net income of USD 1.734 billion for the 3rd quarter compared to a net income of USD 2.978 billion in the previous year quarter.  Its EPS was USD 6.29 for the latest quarter compared to USD 10.20 per share. 

This was due to challenging conditions in the Global agricultural and construction sector. 

Performance wise John Deere is up 1.6% on Monday and 3.2% in the past 5 days.  The company is up 4.2% year todate and in 2023, it has risen 11.8%.

What I like about John Deere is that it has consistently rewarded shareholders with dividends and stock buybacks over the years. The current dividend yield is 1.7% but the payout ratio is just 16%.  This means that John Deere is only spending 16 cents for every dollar it earns in dividends. 

Over the last 10 years, John Deere's dividends has  increased 145%.  It was actually a Dividend Aristocrat until the Covid Pandemic. 

John Deere is a solid company, given its dominant position in the agricultural sector and profitable too.  Its growth is slow and steady, but reliable and dependable - just the kind of company to keep in my portfolio long term. 

@Tiger_Earnings  @TigerStars  @Tiger_comments