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MarketScreener Homepage  >  Equities  >  Nyse  >  Deere & Company    DE

DEERE & COMPANY (DE)
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Deere mpany : John Deere earns six AE50 awards for latest agricultural innovations

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01/12/2019 | 05:29am EST

John Deere was presented with six AE50 Awards for outstanding innovations that improve production agriculture. Each year the American Society of Agricultural and Biological Engineers (ASABE) recognizes 50 of the most innovative product-engineering designs in the food and agriculture industry, with its AE50 Awards, as chosen by international engineering experts.

John Deere received AE50 awards for the following innovations:

CommandPro joystick for 6R Tractors

Bale Mobile app

2660VT Variable-Intensity Tillage tool

Tracks for S-Series Combines

A machine performance app thats part of its Generation 4 CommandCenter

700FD HydraFlex Draper

Award winners were recognized for ingenuity in product development, and for saving producers time, costs and labor while improving safety.

This years AE50 Awards reaffirms the innovative spirit of our employees and illustrates our companys commitment to bringing those linked to the land the most useful, high-quality products possible. Around the globe, John Deere engineers work tirelessly to create exciting new products and technology to benefit our customers, said Joel Dawson, director, production and precision ag for John Deere.

CommandPro was released in August 2018 and is a customizable, ergonomic, multi-function control lever that operators can use to control tractor speed, direction and implement functions. CommandPro is available on John Deere 6R Series Tractors.

Introduced last June, the Bale Mobile app helps hay and forage producers get detailed information, improve efficiency, identify bale characteristics and track yields to make decision making easier. Bale Mobile was designed to allow tractor operators to see their information in near real time while it documents the baling process.

A true multi-season machine, the 2660VT features an adjustable gang angle design and all-new frame to place the right amount of weight per blade to handle a wide range of soil, crop residue and field conditions. Introduced last summer, the 2660VT can be operated at speeds up to 10 miles (16 km) per hour and is versatile enough to meet tillage needs of farmers in the spring or fall.

Three of the 2019 AE50 Awards John Deere received were for harvesting solutions. These included the redesigned suspension track system for S-Series Combines, 700FD HydraFlex Draper and a Machine Performance app.

Combines equipped with the new track system can be driven up to nearly 25 mph (40 kph), reducing transport time between fields. The angled, wider and taller tread bar design of the new tracks improve traction, balance and ride comfort while extending tread life.

Customers, can use The MyOperations app to view and adjust their John Deere S700 Series Combine from their mobile phone from anywhere at any time, making combine operation more efficient. Possible adjustments include: rotor speed, concave clearance, fan speed, chaffer clearance and sieve clearance. Introduced in May 2018, the Gen 4 CommandCenter Machine Performance app on the S700s display, paired with JDLink Connect, enables this functionality.

The new 700FD HydraFlex Draper now comes standard with a dual-position drum. This allows the operator to select an upper or lower setting, equivalent to a 40.6-cm (16-in.) drum and 35.6-cm (14-in.) drum, respectively. All 700FD Draper Platforms ship from the factory with the drum in the 40.6-cm (16-in.) position, which is the standard position. For bushy crops, such as canola, putting the drum in the upper position will allow a greater throughput.

(c) 2019 The Jordan Times. All rights reserved. Provided by SyndiGate Media Inc. (Syndigate.info)., source Middle East & North African Newspapers

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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 1,77%
P/E ratio 2019 13,75
P/E ratio 2020 12,26
EV / Sales 2019 2,48x
EV / Sales 2020 2,37x
Capitalization 50 352 M
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Number of Analysts 22
Average target price 177 $
Spread / Average Target 12%
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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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