Deere & Company (DE, Financial) manufactures and distributes equipment used in agriculture, construction, forestry and turf care in more than 30 countries. The company executed well in what has been a supportive environment for its products marked by strong pricing in agricultural commodities and robust crop yields. Notably, Deere successfully rolled out price increases in its Agri-culture & Turf division, which improved its operating margins.
From First Eagle Investment (Trades, Portfolio)'s Global Value Team's third-quarter 2020 commentary
