Deere & Co (DE): Today's Featured Industrial Winner

Deere (DE) pushed the Industrial industry higher today making it today's featured industrial winner. The industry as a whole closed the day up 2.8%. By the end of trading, Deere rose $1.46 (1.9%) to $78.34 on light volume. Throughout the day, 2.7 million shares of Deere exchanged hands as compared to its average daily volume of 5.1 million shares. The stock ranged in a price between $76.75-$78.60 after having opened the day at $76.75 as compared to the previous trading day's close of $76.88. Other companies within the Industrial industry that increased today were: Flow International Corporation (FLOW), up 45.5%, Energy Recovery (ERII), up 13.1%, Tecumseh Products Company (TECUA), up 12.3%, and ZBB Energy Corporation (ZBB), up 10.6%.

Deere & Company provides products and services primarily for agriculture and forestry worldwide. The company operates in three segments: Agriculture and Turf, Construction and Forestry, and Credit. Deere has a market cap of $32.66 billion and is part of the industrial goods sector. The company has a P/E ratio of 11.9, equal to the average industrial industry P/E ratio and below the S&P 500 P/E ratio of 17.7. Shares are down 7.4% year to date as of the close of trading on Thursday. Currently there are eight analysts that rate Deere a buy, no analysts rate it a sell, and eight rate it a hold.

TheStreet Ratings rates Deere as a buy. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, compelling growth in net income, robust revenue growth, notable return on equity and good cash flow from operations. We feel these strengths outweigh the fact that the company has had generally poor debt management on most measures that we evaluated.

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For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the industrial industry could consider SPDR Dow Jones Industrial Average (DIA) while those bearish on the industrial industry could consider ProShares UltraShort Industrials (SIJ).

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For more information on Deere & Co click any of the following:

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