Dallas, Texas 11/04/2013 (Financialstrend) – In Friday’s trading, Deere & Company (NYSE:DE) dropped by 0.24 %. The opening price of the shares was $81.84, which climbed to an intraday high of $81.92 and dipped to a close of $81.64. Approximately 3.17 million shares were traded on Friday while an average volume of 3.16 million shares were traded over a 30 day period. The 52-week low of Deere & Company (NYSE:DE) shares is $79.50 and its 52-week high is $95.60. The company has a market capitalization of $31.26 billion.
About the company
Deere & Company (NYSE:DE) was incorporated on 25 April 1958. With its subsidiaries, the company operates in 3 segments: 1- agriculture and turf, 2- construction and forestry and 3-financial services. The John Deere agriculture & turf segment manufactures & distributes a range of agricultural & turf equipment & related service parts. John Deere construction & earthmoving, material- handling and forestry equipment covers a wide range of backhoe-loaders, crawler dozers & loaders, 4WD-drive loaders, excavators, motor-graders, articulated dump-trucks, landscape-loaders, skid-steer loaders, log-skidders, log-feller bunchers, log-loaders, log forwarders, log harvesters & a number of attachments. The financial-services segment mainly finances sales & leases by the John Deere dealers of new & used agriculture & turf equipment and construction & forestry equipment.
Agriculture and Turf
The company’s agriculture & turf segment mainly manufactures and distributes a range of agriculture & turf equipment & related service parts, such as large, medium & utility tractors; combines, loaders, corn pickers, cotton & sugarcane harvesters & related front-end equipment & sugarcane loaders; tillage. Deere & Company (NYSE:DE) also has seeding & application equipment, such as sprayers, nutrient management & soil preparation machinery; hay & forage equipment, such as self-propelled forage-harvesters & attachments, balers & mowers; turf and utility equipment, such as riding lawn equipment & walk-behind mowers, golf course equipment, utility-vehicles, & commercial mowing equipment.