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MOLINE, Ill. - John Deere (NYSE:DE), a prominent player in the machinery industry with a market capitalization of $137.5 billion and annual revenue of $45.4 billion, announced Thursday the release of Operations Center PRO Service, a new digital tool designed to enhance equipment owners’ ability to maintain and repair their machinery. According to InvestingPro data, the company has demonstrated strong market performance with a 20.7% return year-to-date.
The service provides expanded self-repair capabilities for both connected and non-connected machines across John Deere’s agriculture, turf, construction, and forestry equipment portfolio. A key feature includes the ability to install software when replacing electronic components or controllers, commonly known as reprogramming. This initiative comes as John Deere’s stock trades near its 52-week high of $533.78, reflecting investor confidence in the company’s strategic moves.
The new tool will replace John Deere Customer Service ADVISOR, which will be phased out over the next year, according to the company’s press release.
"The launch of Operations Center PRO Service is a significant milestone that adds to John Deere’s existing tools," said Denver Caldwell, Vice President of Aftermarket & Customer Support.
The service is available through an annual license starting at $195 USD per machine. Features include machine health insights, diagnostic trouble codes, PIN-specific machine content, software reprogramming for controllers, diagnostic readings and recordings, interactive diagnostic tests, and calibrations.
Equipment owners can access the service through the John Deere Operations Center. An electronic data link may be required for advanced features, including software reprogramming. The company noted that certain interactive tests, calibrations, and reprogramming will have limitations at initial release, with additional capabilities planned for future updates.
The service is currently available to John Deere customers in the United States and Canada. With the equipment owner’s permission, independent service providers can also gain access to diagnostic and repair information.
The tool builds upon foundational capabilities that are available at no additional cost with equipment purchase, including operator’s manuals, diagnostic trouble codes, secure software updates, JDLink information, and warranty information.
In other recent news, Deere & Company has been the focus of several analyst reports highlighting its growth prospects in Brazil. Bernstein SocGen Group reiterated its Market Perform rating, noting the potential for Deere’s agricultural revenues in Brazil to increase significantly over the next five to ten years. This growth could potentially boost the company’s earnings by 15-20% if strategic initiatives are successful. Truist Securities maintained its Buy rating, citing Deere’s strategic investments in Brazil as a key driver for future growth. The firm highlighted Deere’s efforts in localizing manufacturing and strengthening its dealer network in the region.
UBS also maintained its neutral rating on Deere, emphasizing the company’s strong market position in Brazil and its investments that are challenging to replicate. In other developments, Deere & Company announced the passing of board member Sherry M. Smith, who had served since 2011 and was the board’s lead director. Meanwhile, John Deere Capital Corporation issued $600 million in senior notes due in 2030, with a fixed interest rate of 4.375% per annum. These recent developments underscore Deere’s focus on strategic growth and financial structuring.
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