Deere & Company - DE

Deere & Company, stock ticker DE, is an excellent stock to hold in your Roth IRA stock portfolio for years! Since DE was founded in 1837 John Deere is dedicated to those who are linked to the land – farmers and ranchers, landowners, builders, and loggers. They are committed to standing by their core values. I believe DE is a great investment for your retirement because their quarterly dividend payment grows year after year. DE currently pays a 41 cent dividend, which is a 1.89% dividend yield. DE's share price target was recently raised to $90.00 per share by Robert W. Baird Analysts (click here for more details).

DE operates in three business segments: 1) Agriculture and turf, 2) Construction and forestry and 3) Credit. The agriculture and turf segment manufactures and distributes a line of farm and turf equipment and related service parts including large, medium and utility tractors, loaders, combines, cotton and sugarcane harvesters and related front-end equipment and sugarcane loaders; tillage, seeding and application equipment. The construction and forestry segment manufactures, distributes to dealers and sells at retail a range of machines and service parts used in construction, earth moving, material handling and timber harvesting. The credit segment primarily finances sales and leases by John Deere dealers of new and used agriculture and turf equipment and construction and forestry equipment.

DE is headed higher! I am a fan of agriculture companies and do not believe that DE will stay at this level. Just remember that if food prices go up, farmers can afford new premium equipment. Once the economy fully recovers, Deere will continue to be there for the Common Man farmer and commercial farmers as well.

In closing, DE has raised their dividend payout nine times in the last seven years. Their technicals are looking bullish and with estimated 2012 earnings indicating that Deere is worth $96.00+ per share, and 2013 earning that indicate a $100+ share price. I really like the current valuation and regardless of the financial markets, people must eat! So, the products that Deere manufactures should not lose their demand unless a competitor is stealing market share. Deere has the strongest brand recognition and loyalty in their industry, so I don't see them losing market share either.

Why Invest in DE? Feel free to click here for their own take on why you should become a shareholder. Also, please visit Deere's website, here, and their Investor Relations page, here. Until next time, have a great Friday and a fun weekend.