Deere Appoints New CFO Brent Norwood Amid Leadership Changes
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 6 days ago
0mins
Should l Buy DE?
Source: Newsfilter
- Executive Appointment: Deere has appointed insider Brent Norwood as the new CFO following the departure of long-time finance chief Joshua Jepsen in February, indicating stability amid leadership changes within the company.
- Extensive Experience: With over 20 years at Deere, Norwood has held several key positions, including vice president and finance director for the Construction and Forestry division, showcasing his deep understanding of the business and internal operations.
- Leadership Recognition: Chairman and CEO John May noted that Norwood is a proven leader with deep financial expertise and strong strategic judgment, which will enhance the company's disciplined approach to capital allocation moving forward.
- Market Challenges: Despite facing challenges from President Trump's tariffs on raw material imports, some of which were overturned by the Supreme Court in February, Deere is expected to demonstrate stronger financial performance in its upcoming second-quarter earnings report.
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Analyst Views on DE
Wall Street analysts forecast DE stock price to fall
15 Analyst Rating
8 Buy
7 Hold
0 Sell
Moderate Buy
Current: 591.640
Low
458.00
Averages
514.25
High
560.00
Current: 591.640
Low
458.00
Averages
514.25
High
560.00
About DE
Deere & Company is engaged in the delivery of agricultural, construction and forestry equipment. Its segments include production and precision agriculture (PPA), small agriculture and turf (SAT), construction and forestry (CF), and financial services (FS). PPA segment defines, develops and delivers global equipment and technology solutions for production-scale growers of large grains, small grains, cotton and sugarcane. SAT segment defines, develops and delivers global equipment and technology solutions for dairy and livestock producers, high-value and small acreage crop producers, and turf and utility customers. CF segment defines, develops and delivers a range of machines and technology solutions organized along the earthmoving, forestry and roadbuilding production systems. FS segment finances sales and leases by John Deere dealers of new and used production and precision agriculture equipment and others. Its products include John Deere Autonomous 8R Tractor and E-Power Backhoe.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Financial Information Access: Investors can access the earnings release, financial information, and call presentation on Deere's website, ensuring transparency and providing essential financial data support for stakeholders.
- Company Background: Founded nearly 200 years ago, Deere is committed to innovation across agriculture, construction, and forestry, playing a crucial role in helping produce food, fiber, and fuel, highlighting its importance in the global economy.
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- Extensive Experience: With over 20 years at Deere, Norwood has held several key positions, including vice president and finance director for the Construction and Forestry division, showcasing his deep understanding of the business and internal operations.
- Leadership Recognition: Chairman and CEO John May noted that Norwood is a proven leader with deep financial expertise and strong strategic judgment, which will enhance the company's disciplined approach to capital allocation moving forward.
- Market Challenges: Despite facing challenges from President Trump's tariffs on raw material imports, some of which were overturned by the Supreme Court in February, Deere is expected to demonstrate stronger financial performance in its upcoming second-quarter earnings report.
See More
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- Financial Information Access: Investors can access the earnings release, financial information, and call presentation on Deere's website, ensuring transparency and providing essential financial data support for stakeholders.
- Company Background: Founded nearly 200 years ago, Deere is committed to innovation across agriculture, construction, and forestry, playing a crucial role in helping produce food, fiber, and fuel, highlighting its importance in the global economy.
- Market Impact Analysis: This earnings call will provide investors with critical financial data and operational insights, potentially influencing market expectations regarding Deere's future performance, although no significant stock price fluctuations are currently observed.
See More
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- Earnings Season Performance: So far, approximately 78% of S&P 500 companies (394 firms) have reported earnings, with nearly 85% exceeding profit expectations and 78% surpassing revenue forecasts, indicating robust overall market performance.
- Ulta Beauty Investment Opportunity: Ulta Beauty is expected to report earnings on June 1, and Morgan Stanley analysts believe that after a 12% year-to-date decline, the company's $434 million investment will drive future growth, setting a price target of $685, implying a 29% upside.
- Target Stock Outlook: Retail giant Target will report earnings on May 19; although Citigroup maintains a neutral rating, it raised its price target from $117 to $133, reflecting improved market sentiment, while analysts caution that failure to exceed expectations could be seen as disappointing.
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See More
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- Access Information: Investors can access the earnings call via Deere's website at www.JohnDeere.com/earnings, with a recorded version available afterward for stakeholders who cannot participate live, enhancing accessibility to critical information.
- Financial Information Availability: In addition to the call, investors can obtain Deere's earnings release, other financial data, and the earnings call presentation at the same link, ensuring a comprehensive understanding of the company's financial health and future outlook.
- Company Background: Founded nearly 200 years ago, Deere & Company emphasizes its role in driving innovation across agriculture, construction, and forestry, highlighting its significant contribution to global food, fiber, fuel, and infrastructure production, showcasing its extensive market influence.
See More
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- Price Fluctuation Analysis: DFUV's 52-week low is $39.4799 and high is $52.07, with the latest trade at $52.05, indicating price stability near the high, which may influence investor buying decisions.
- Technical Analysis Tool: Comparing the latest stock price to the 200-day moving average can provide valuable insights for investors, aiding in market trend assessment and potential buying opportunities.
- ETF Trading Mechanism: Exchange-traded funds (ETFs) trade like stocks, where investors buy and sell 'units' that can be created or destroyed based on demand, impacting liquidity and market performance.
- Inflows and Outflows Monitoring: Weekly monitoring of changes in ETF shares outstanding focuses on those experiencing notable inflows (new units created) or outflows (old units destroyed), assessing their impact on underlying assets and market sentiment.
See More
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- AI Investment Surge: U.S. hyperscalers are projected to invest $670 billion in AI infrastructure in 2023, with analysts predicting this figure could rise to $770 billion by 2026, highlighting the profound impact of AI investments on the overall economy.
- Industry Revenue Boost: The AI investment boom is driving revenue and profit growth across various sectors, particularly in cloud computing and semiconductors, with Nvidia and Micron Technology rising 20% and 61% in April, respectively, reflecting strong market demand for AI-related technologies.
- Surging Power Demand: Due to the immense power needs of AI data centers, Dominion Energy plans to invest nearly $55 billion in building facilities to support these demands, demonstrating the far-reaching effects of AI on the energy sector.
See More
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- Executive Appointment: Deere has appointed insider Brent Norwood as the new CFO following the departure of long-time finance chief Joshua Jepsen in February, indicating stability amid leadership changes within the company.
- Extensive Experience: With over 20 years at Deere, Norwood has held several key positions, including vice president and finance director for the Construction and Forestry division, showcasing his deep understanding of the business and internal operations.
- Leadership Recognition: Chairman and CEO John May noted that Norwood is a proven leader with deep financial expertise and strong strategic judgment, which will enhance the company's disciplined approach to capital allocation moving forward.
- Market Challenges: Despite facing challenges from President Trump's tariffs on raw material imports, some of which were overturned by the Supreme Court in February, Deere is expected to demonstrate stronger financial performance in its upcoming second-quarter earnings report.
See More
