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MarketScreener Homepage  >  Equities  >  Nyse  >  Deere & Company    DE

DEERE & COMPANY (DE)
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Real-time Quote. Real-time Cboe BZX - 01/23 10:46:59 am
158.72 USD   -0.08%
04:56aDEERE MPANY : John Deere GPS PrecisionSprayer Launches
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Deere mpany : John Deere GPS PrecisionSprayer Launches

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01/23/2019 | 04:56am EST

The GPS PrecisionSprayer increases productivity and accuracy, while reducing labor and material costs.

CARY - John Deere is revolutionizing spraying applications with the GPS PrecisionSprayer, available exclusively on the John Deere ProGator(TM) line. Now available for purchase, the GPS PrecisionSprayer offers superintendents and other turf professionals a proven, off-the-shelf integrated John Deere solution for precision spraying. Offering features such as AutoTrac(TM), sharable coverage maps and individual nozzle control, the easy-to-use GPS PrecisionSprayer increases application accuracy and consistency, decreases input costs, and reduces operator fatigue.

"The GPS PrecisionSprayer offers an innovative solution that allows our customers to be more productive and accurate when maintaining turf," said Brooks Hastings, product manager, John Deere. "John Deere boasts over 20 years of GPS experience, which was vital when creating the GPS PrecisionSprayer. We were able to leverage our knowledge of GPS technology to develop a solution that supports our customers, increasing productivity and accuracy, and reducing labor and material costs."

One of the most notable features on the GPS PrecisionSprayer is AutoTrac, which helps with spraying predetermined areas in less time with greater pass-to-pass accuracy. Another benefit is individual nozzle control, minimizing application errors and reducing operator fatigue, as the operator does not need to focus on manually turning boom sections on and off. Using the GPS PrecisionSprayer, individual nozzles are able to be paired with the AutoTrac Guidance, limiting wasted product by pass to pass overlapping and off-target applications.

With the GPS PrecisionSprayer technology, users can create coverage maps, which can be shared with multiple units, eliminating overlap and increasing productivity. The GPS PrecisionSprayer utilizes advanced satellite technology to ensure the reliability of boundary maps with Real Time Kinematic (RTK) satellite navigation.

Another benefit of the GPS PrecisionSprayer is the ability to electronically capture all spray data and analyze the results, streamlining documentation and providing robust analytics. Automated documentation eliminates the need for manual recording and increases accuracy of recording spray event information.

John Deere will showcase the GPS PrecisionSprayer at the 2019 Golf Industry Show in San Diego, Calif., from Feb. 6-7 in the John Deere booth (#3037). To learn more about John Deere and its golf product offerings, please visit www.deere.com or your local John Deere Golf distributor.

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(C) 2019 M2 COMMUNICATIONS, source M2 PressWIRE

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Financials ($)
Sales 2019 35 797 M
EBIT 2019 4 575 M
Net income 2019 3 631 M
Debt 2019 38 469 M
Yield 2019 1,76%
P/E ratio 2019 13,87
P/E ratio 2020 12,37
EV / Sales 2019 2,49x
EV / Sales 2020 2,39x
Capitalization 50 810 M
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Mean consensus OUTPERFORM
Number of Analysts 22
Average target price 177 $
Spread / Average Target 11%
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Managers
NameTitle
Samuel R. Allen Chairman & Chief Executive Officer
Rajesh Kalathur Chief Financial & Information Officer, Senior VP
Vance D. Coffman Independent Director
Dipak Chand Jain Independent Director
Clayton M. Jones Independent Director
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