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With Profits Set to Quadruple from Five Years Ago, Are Investors Making a Mistake by Selling This Explosive Dividend Stock?

TheMotleyFool

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With Profits Set to Quadruple from Five Years Ago, Are Investors Making a Mistake by Selling This Explosive Dividend Stock?: https://g.foolcdn.com/editorial/images/745643/two-people-tractor.webp

Since reporting excellent earnings and raising its full-year guidance on Aug. 18, Deere (NYSE: DE) stock is down 6.9%. The move may come as a surprise given Deere's upbeat report. However, the sell-off is likely due to fears of an industrywide slowdown in agriculture after a multiyear growth cycle.

Let's take a look at the blue chip stock to see if the sell-off was warranted or if Deere is worth buying now.

Source Fool.com

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