Deere & Company Stock Price, News & Analysis (NYSE:DE)

18 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Deere & Company in the last year. There are currently 7 hold ratings and 11 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" DE shares.
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18 Wall Street research analysts have issued 1-year price objectives for Deere & Company's stock. Their DE share price targets range from $367.00 to $551.00. On average, they anticipate the company's stock price to reach $443.83 in the next twelve months. This suggests a possible upside of 20.3% from the stock's current price.
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Deere & Company's stock was trading at $428.76 at the beginning of the year. Since then, DE stock has decreased by 14.0% and is now trading at $368.89.
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Deere & Company saw a increase in short interest during the month of November. As of November 15th, there was short interest totaling 3,110,000 shares, an increase of 6.9% from the October 31st total of 2,910,000 shares. Based on an average daily volume of 1,480,000 shares, the short-interest ratio is presently 2.1 days. Currently, 1.2% of the company's stock are short sold.
View Deere & Company's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Friday, February 16th 2024.
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Deere & Company (NYSE:DE) posted its quarterly earnings data on Wednesday, November, 22nd. The industrial products company reported $8.26 earnings per share for the quarter, beating analysts' consensus estimates of $7.46 by $0.80. The industrial products company had revenue of $13.80 billion for the quarter, compared to analysts' expectations of $13.64 billion. Deere & Company had a trailing twelve-month return on equity of 45.91% and a net margin of 16.60%. The company's revenue was down 3.8% on a year-over-year basis. During the same period last year, the company earned $7.44 EPS.
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Deere & Company announced a quarterly dividend on Wednesday, August 30th. Stockholders of record on Friday, September 29th will be paid a dividend of $1.35 per share on Wednesday, November 8th. This represents a $5.40 annualized dividend and a dividend yield of 1.46%. The ex-dividend date is Thursday, September 28th. This is an increase from the stock's previous quarterly dividend of $1.25.
Read our dividend analysis for DE.

Deere & Company (NYSE:DE) pays an annual dividend of $5.40 per share and currently has a dividend yield of 1.46%. The company has been increasing its dividend for 3 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 15.58%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, DE will have a dividend payout ratio of 17.77% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for DE.

ETFs with the largest weight of Deere & Company (NYSE:DE) stock in their portfolio include iShares MSCI Agriculture Producers ETF (VEGI), First Trust Indxx Global Agriculture ETF (FTAG), VanEck Agribusiness ETF (MOO), VanEck Future of Food ETF (YUMY), VanEck Natural Resources ETF (HAP), Global X AgTech & Food Innovation ETF (KROP), Mohr Growth ETF (MOHR) and IQ Winslow Focused Large Cap Growth ETF (IWFG).

213 employees have rated Deere & Company Chief Executive Officer John May on Glassdoor.com. John May has an approval rating of 78% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other Deere & Company investors own include Caterpillar (CAT), Intel (INTC), NVIDIA (NVDA), Boeing (BA), Johnson & Johnson (JNJ), Walt Disney (DIS), JPMorgan Chase & Co. (JPM), AT&T (T), Micron Technology (MU) and Cisco Systems (CSCO).

Deere & Company's stock is owned by many different retail and institutional investors. Top institutional shareholders include Wellington Management Group LLP (1.85%), Morgan Stanley (1.77%), FMR LLC (1.52%), Parnassus Investments LLC (1.09%), Northern Trust Corp (1.06%) and Bank of New York Mellon Corp (0.83%). Insiders that own company stock include Cory J Reed, John C May II, John H Stone, Marc A Howze, Pentz Markwart Von, Rajesh Kalathur, Ryan D Campbell, Tami A Erwin and Tami A Erwin.
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Shares of DE stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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