|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||120.44 - 121.85|
|52 Week Range||111.92 - 123.15|
|PE Ratio (TTM)||22.59|
|Forward Dividend & Yield||2.16 (1.79%)|
|1y Target Est||N/A|
In fiscal 1Q18, Deere & Company’s (DE) Construction & Forestry segment reported revenue of $1.7 billion, a 57.4% rise compared to its fiscal 1Q17 revenue of $1.1 billion. The segment’s revenue growth was mainly the result of the company’s acquisition of Wirtgen Group. The Construction & Forestry segment reported an operating profit of $32.0 million in fiscal 1Q18, a fall of 13.5% from its fiscal 1Q17 operating profit of $37 million.
Inside a laboratory in Winnipeg, Manitoba, a Monsanto Co research technician uses tweezers to transfer pollen from one canola plant to another, a small step toward creating a new breed of the vegetable oil-producing crop. It's an early stage of a high-stakes effort to control the biggest threat to Canada's C$27-billion canola industry - a crop disease called clubroot that presents unique challenges for Monsanto, along with rival seed developers DowDuPont and Bayer AG. Worse, clubroot spores make themselves at home in the soil for up to 20 years, unlike most crop diseases that damage harvests for a single season.
Deere & Company’s (DE) Agriculture & Turf segment is its largest revenue generator. In the past four years, this is the first time that the segment’s first-quarter revenue has shown growth—a welcome sign for Deere. The segment’s revenue growth was primarily driven by higher shipment volumes.
In fiscal 1Q18, Deere & Company (DE) reported total revenue of $6.9 billion inclusive of financial services and other revenue, implying a 23.0% rise over 1Q17, in which it reported revenue of $5.6 billion. Deere’s revenue growth was primarily driven by higher growth in the United States and Canada, which saw combined sales growth of 24%. The other major contribution came from the company’s acquisition of Wirtgen Group.
International Flavors and Fragrances’ (IFF) Flavors segment saw a fall in its revenue contribution to the company’s overall revenue in 4Q17. The growth in the segment’s revenue was primarily driven by higher volume growth along with continued contributions from the acquisition of PowderPure. The segment reported a net profit of $85.5 million, a rise of 10.2% on a YoY basis.
Deere (DE) is expected to report revenues of $6.4 billion in fiscal 1Q18 from its equipment operations. In 1Q17, DE reported revenue of $4.7 billion from equipment operations. The projected growth in DE’s revenue for 1Q18 will mainly come from the acquisition of Wirtgen Group.
FRANKFURT/MOSCOW (Reuters) - Bayer (BAYGn.DE) has taken Russia's antitrust regulator to court over the watchdog's investigation into the company's planned takeover of Monsanto (:MON - News), a further hiccup in the $64 billion deal amid intense antitrust scrutiny. A Bayer spokesman said the German company was petitioning the court in Russia to be given more time to discuss demands made by the regulator about the deal, which would create the world's largest seeds and pesticides company. Bayer made a decision to bring the case to court in order to safeguard its juridical rights," Bayer said in a written statement.
Monsanto Company's (MON) performance to be driven by stronger innovation and Bayer AG's pending buyout deal. However, stiff business rivalry and rising debt remain causes of concern.
In the past few months, the number of analysts tracking International Flavors and Fragrances (IFF) has remained more or less steady. At present, 15 analysts are actively tracking IFF. Among them, 40% of the analysts have recommended the stock as a “buy,” 53% of the analysts have recommended the stock as a “hold,” while 7% of analysts have given a “sell” recommendation.
Brazilian antitrust agency Cade on Wednesday approved Bayer AG's (BAYGn.DE) proposed takeover of U.S. seeds company Monsanto Co (:MON - News) without requiring further asset sales beyond a global proposal announced last October. Cade's commissioners voted 4-2 in favor of the tie-up under an agreement, negotiated between the companies and global antitrust agencies, that included the sale of several of Bayer's assets to BASF SE (BASFn.DE). Approval of the transaction in Brazil, a powerhouse producer of grains and other agricultural commodities, clears a crucial hurdle for the deal, which the companies initially aimed to have approved by the end of 2017.
DowDuPont’s (DWDP) Material Science segment will spin off into a new company by the end of 1Q19. The Material Science segment consists of three business. This segment reported a combined revenue of $11.9 billion, accounting for 59% of DWDP’s total revenue, an increase of three percentage points on a year-over-year basis.
We all have to eat, right? That's a great starting point for just about any investment in the agriculture industry. But there's a lot more to it than that.
On January 22, 2018, Praxair (PX) announced that it has entered a long-term contract with Everdisplay Optronics (EDO), a China-based producer of 4.5 generation AMOLED displays. Praxair will supply helium, nitrogen, oxygen, and other gases. Through this deal, Praxair further enhances its strong presence in China.
On January 25, 2018, Air Products and Chemicals (APD) announced that it had signed a long-term contract with Samsung to supply nitrogen, oxygen, and liquid argon to Samsung’s organic light emitting diode (or OLED) manufacturing complex in Tangjeong, South Korea. APD is already a supplier to Samsung and operates five nitrogen plants. Kyo-Yung Kim, the president of APD’s Korea region, said, “Samsung has been a long-standing and strategic customer for Air Products.