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S&P 500   4,554.89
DOW   35,416.98
QQQ   390.19
Alibaba is down more than 10% since earnings, now what?
[Investor Alert] Potential Breakthrough Medical Tech Investment Opportunity (Ad)
5 stocks for the Christmas wishlist: Hoping for a pullback
Teva Pharma is the way to play the re-rise of generic drugs
[Investor Alert] Potential Breakthrough Medical Tech Investment Opportunity (Ad)
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ULTA stock is setting up to swing for the fences
[Investor Alert] Potential Breakthrough Medical Tech Investment Opportunity (Ad)
Get ready for Christmas shopping-sprees with these 2 winners
Li Auto smashes estimates proving EVs can be profitable
S&P 500   4,554.89
DOW   35,416.98
QQQ   390.19
Alibaba is down more than 10% since earnings, now what?
[Investor Alert] Potential Breakthrough Medical Tech Investment Opportunity (Ad)
5 stocks for the Christmas wishlist: Hoping for a pullback
Teva Pharma is the way to play the re-rise of generic drugs
[Investor Alert] Potential Breakthrough Medical Tech Investment Opportunity (Ad)
Lemonade nears breakout, short interest surges, analysts bearish
ULTA stock is setting up to swing for the fences
[Investor Alert] Potential Breakthrough Medical Tech Investment Opportunity (Ad)
Get ready for Christmas shopping-sprees with these 2 winners
Li Auto smashes estimates proving EVs can be profitable
S&P 500   4,554.89
DOW   35,416.98
QQQ   390.19
Alibaba is down more than 10% since earnings, now what?
[Investor Alert] Potential Breakthrough Medical Tech Investment Opportunity (Ad)
5 stocks for the Christmas wishlist: Hoping for a pullback
Teva Pharma is the way to play the re-rise of generic drugs
[Investor Alert] Potential Breakthrough Medical Tech Investment Opportunity (Ad)
Lemonade nears breakout, short interest surges, analysts bearish
ULTA stock is setting up to swing for the fences
[Investor Alert] Potential Breakthrough Medical Tech Investment Opportunity (Ad)
Get ready for Christmas shopping-sprees with these 2 winners
Li Auto smashes estimates proving EVs can be profitable

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

$359.90
-2.31 (-0.64%)
(As of 11/28/2023 ET)
Compare
Today's Range
$358.76
$363.85
50-Day Range
$359.90
$402.33
52-Week Range
$345.55
$450.00
Volume
1.90 million shs
Average Volume
1.58 million shs
Market Capitalization
$103.65 billion
P/E Ratio
10.38
Dividend Yield
1.50%
Price Target
$443.60

Deere & Company MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.61 Rating Score
Upside/​Downside
23.3% Upside
$443.60 Price Target
Short Interest
Healthy
1.16% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-4.75
Upright™ Environmental Score
News Sentiment
0.28mentions of Deere & Company in the last 14 days
Based on 50 Articles This Week
Insider Trading
Selling Shares
$2.30 M Sold Last Quarter
Proj. Earnings Growth
1.13%
From $32.76 to $33.13 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.56 out of 5 stars

Industrial Products Sector

47th out of 175 stocks

Farm Machinery & Equipment Industry

2nd out of 4 stocks


DE stock logo

About Deere & Company Stock (NYSE:DE)

Deere & Company, a global leader in manufacturing and distributing agricultural, construction, forestry and turf care equipment, is headquartered in Moline, Illinois. With over 185 years of experience, the company has established a strong reputation for quality and innovation. 

Deere & Company operates through four segments: small agriculture and turf, production and precision agriculture, construction and forestry and financial services. 

The small agriculture and turf segment offers a variety of equipment, including utility tractors, riding lawn equipment, commercial mowing equipment and implements for various outdoor power applications. This segment also resells products from other manufacturers.

The production and precision agriculture segment provides equipment for grain growers, including mid-size tractors, combines, cotton pickers and strippers, sugarcane harvesters and harvesting front-end equipment. It also offers application equipment, such as sprayers, nutrient management systems and soil preparation machinery.

The construction and forestry segment provides various machines and service parts used in earth moving, construction, material handling, road building and timber harvesting. Its products include crawler dozers, backhoe loaders, motor graders, four-wheel-drive loaders, excavators, articulated dump trucks and milling machines, to name a few.

The financial services segment finances sales and leases of agriculture and turf, construction and forestry equipment. It also offers wholesale financing to dealers, extended equipment warranties and retail revolving charge accounts.

Deere & Company is known for its innovative products, including the John Deere Autonomous 8R Tractor, See & Spray and E-Power Backhoe. These technology-enabled products help farmers, construction workers and forestry professionals operate more efficiently and sustainably.

Its logo and slogan reflect the company's commitment to innovation and sustainability. The leaping deer logo has been used for over 155 years and has become synonymous with the company's commitment to quality and reliability. The slogan "Nothing Runs Like a Deere" reflects the company's commitment to building long-lasting and reliable equipment that helps its customers achieve their goals.

Deere & Company has a solid financial position with a global presence. Deere & Company has a vast distribution network and operates in over 160 countries. Its commitment to quality and innovation has earned it a loyal customer base, and it continues to be a leader in the industry.

Deere & Company is a global leader in the manufacturing and distributing of agricultural, construction, forestry and turf care equipment. With a commitment to innovation and sustainability, the company offers customers a wide range of products and services worldwide. 

DE Stock Price History

DE Stock News Headlines

Choose these agricultural stocks to finish the year strong
Here is a one-in-a-cycle opportunity to buy the biggest players in the agricultural sector, filled with upside potential recognized by analysts and insiders.
Plowing ahead: John Deere's crop of success in turbulent markets
Exploring John Deere's Q3 results: market reactions, innovations and strategies for a sustainable future amidst industry challenges.
[Investor Alert] Potential Breakthrough Medical Tech Investment Opportunity
Autonomix has patented technology that can detect and target nerve signals at an accuracy never seen before, a $100B opportunity. Now the team with almost $600M in exits is planning to list Autonomix on the Nasdaq. And you can invest in Autonomix ahead of their intended Nasdaq listing.* *Disclosure: This is a paid advertisement for Autonomix’s Regulation A+ Offering. Please read the offering circular at invest.autonomix.com
John Deere Foundation celebrates 75th anniversary
4 Analysts Have This to Say About Deere
[Investor Alert] Potential Breakthrough Medical Tech Investment Opportunity
Autonomix has patented technology that can detect and target nerve signals at an accuracy never seen before, a $100B opportunity. Now the team with almost $600M in exits is planning to list Autonomix on the Nasdaq. And you can invest in Autonomix ahead of their intended Nasdaq listing.* *Disclosure: This is a paid advertisement for Autonomix’s Regulation A+ Offering. Please read the offering circular at invest.autonomix.com
Deere: A Steady Compounder
Deere & Company: Recent weakness offers buying opportunity
Q4 2023 Deere & Co Earnings Call
Deere & Company (NYSE:DE) Q4 2023 Earnings Call Transcript
We're Digging Lower for Deere's Price Target
Despite Challenges, Deere Stock Can Climb Much Higher
Deere & Company Drops On Tepid Outlook
See More Headlines
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Company Calendar

Ex-Dividend for 11/8 Dividend
9/28/2023
Dividend Payable
11/08/2023
Last Earnings
11/22/2023
Today
11/28/2023
Next Earnings (Estimated)
2/16/2024
Fiscal Year End
10/31/2024

Industry, Sector and Symbol

Industry
Farm machinery & equipment
Sub-Industry
Construction & Farm Machinery & Heavy Trucks
CUSIP
24419910
Employees
82,200
Year Founded
1837

Price Target and Rating

Average Stock Price Target
$443.60
High Stock Price Target
$551.00
Low Stock Price Target
$367.00
Potential Upside/Downside
+23.3%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.61
Research Coverage
18 Analysts

Profitability

Net Income
$10.17 billion
Pretax Margin
21.25%

Debt

Sales & Book Value

Annual Sales
$61.25 billion
Cash Flow
$41.08 per share
Book Value
$75.66 per share

Miscellaneous

Free Float
287,252,000
Market Cap
$103.65 billion
Optionable
Optionable
Beta
1.07

Social Links

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DE Stock Analysis - Frequently Asked Questions

Should I buy or sell Deere & Company stock right now?

18 Wall Street equities research 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 equities research analysts is that investors should "moderate buy" DE shares.
View DE analyst ratings
or view top-rated stocks.

What is Deere & Company's stock price target for 2024?

18 brokerages have issued twelve-month price objectives for Deere & Company's shares. Their DE share price targets range from $367.00 to $551.00. On average, they expect the company's stock price to reach $443.60 in the next twelve months. This suggests a possible upside of 23.3% from the stock's current price.
View analysts price targets for DE
or view top-rated stocks among Wall Street analysts.

How have DE shares performed in 2023?

Deere & Company's stock was trading at $428.76 at the start of the year. Since then, DE stock has decreased by 16.1% and is now trading at $359.90.
View the best growth stocks for 2023 here
.

Are investors shorting Deere & Company?

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 trading volume of 1,480,000 shares, the short-interest ratio is presently 2.1 days. Currently, 1.2% of the shares of the stock are short sold.
View Deere & Company's Short Interest
.

When is Deere & Company's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Friday, February 16th 2024.
View our DE earnings forecast
.

How were Deere & Company's earnings last quarter?

Deere & Company (NYSE:DE) announced its quarterly earnings results on Wednesday, November, 22nd. The industrial products company reported $8.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $7.46 by $0.80. The industrial products company earned $13.80 billion during the quarter, compared to analyst estimates 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 business's revenue for the quarter was down 3.8% compared to the same quarter last year. During the same period last year, the business earned $7.44 EPS.
Read the conference call transcript
.

How often does Deere & Company pay dividends? What is the dividend yield for Deere & Company?

Deere & Company declared a quarterly dividend on Wednesday, August 30th. Shareholders 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 yield of 1.50%. The ex-dividend date of this dividend is Thursday, September 28th. This is a boost from the stock's previous quarterly dividend of $1.25.
Read our dividend analysis for DE
.

Is Deere & Company a good dividend stock?

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 16.30% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for DE.

What is John May's approval rating as Deere & Company's CEO?

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.

What other stocks do shareholders of Deere & Company own?

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).

Who are Deere & Company's major shareholders?

Deere & Company's stock is owned by many different institutional and retail investors. Top institutional shareholders include Morgan Stanley (1.77%), FMR LLC (1.52%), Parnassus Investments LLC (1.09%), Northern Trust Corp (1.06%), Bank of New York Mellon Corp (0.83%) and Legal & General Group Plc (0.60%). 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.
View institutional ownership trends
.

How do I buy shares of Deere & Company?

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.
Compare Top Brokerages Here.

Does Deere & Company have any subsidiaries?
The following companies are subsidiares of Deere & Company: A&I Products, AgriSync, Banco John Deere S.A., Bauer Built Manufacturing, Bear Flag Robotics, Bear Flag Robotics Inc., Blue River Technology, Blue River Technology Inc., Chamberlain Holdings Limited, Deere Capital Inc., Deere Credit Inc., Deere Credit Services Inc., Deere Funding Canada Corporation, Deere Receivables LLC, FPC Receivables Inc., Farm Plan Corporation, Hagie Manufacturing Co., Hamm AG, Harvest Profit, Harvest Profit LLC, Industrias John Deere Argentina S.A., John Deere (China) Investment Co. Ltd., John Deere (Jiamusi) Agricultural Machinery Co. Ltd., John Deere (Tianjin) International Trading Co. Ltd., John Deere Agricultural Holdings Inc., John Deere Asia (Singapore) Private Limited, John Deere Bank S.A., John Deere Brasil Ltda., John Deere Canada ULC, John Deere Capital Corporation, John Deere Cash Management, John Deere Construction & Forestry Company, John Deere Electronic Solutions Inc., John Deere Financial Inc., John Deere Financial Limited, John Deere Financial Mexico S.A. de C.V. SOFOM ENR, John Deere Financial Services Inc., John Deere Financial f.s.b., John Deere Forestry Group LLC, John Deere Funding Corporation, John Deere Global Investments LLC, John Deere GmbH & Co. KG, John Deere Iberica S.A., John Deere India Private Limited, John Deere International GmbH, John Deere Leasing Company, John Deere Limited, John Deere Polska Sp. z.o.o., John Deere Receivables Inc., John Deere Rus. Limited Liability Company, John Deere S. de R.L. de C.V., John Deere S.A.S., John Deere Shared Services Inc., John Deere Thibodaux Inc., John Deere Walldorf GmbH & Co. KG, John Deere Warranty Inc., John Deere-Lanz Verwaltungs GmbH, Joseph Vögele Aktiengesellschaft, King Agro, Kreisel Electric, LESCO, Mazzotti, Monosem, Motores John Deere S.A. de C.V., NavCom Technology, Ningbo Benye Tractor & Automobile Manufacture Co., Nortrax Inc., OnLink, PLA, Plastro Irrigation Systems, ReGen Technologies, Roberts Irrigation Products, T-Systems International, Timberjack Group of Finland, Unimil, United Green Mark, Waratah Forestry Equipment Canada Ltd., Wirtgen, Wirtgen GmbH, and Wirtgen Road Technologies GmbH.
Read More
This page (NYSE:DE) was last updated on 11/29/2023 by MarketBeat.com Staff

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