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Closing prices for crude oil, gold and other commodities
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FTC opens inquiry of Chevron-Hess merger, marking second review this week of major oil industry deal
[Investor Alert] Potential Breakthrough Medical Tech Investment Opportunity (Ad)
Amazon asks federal judge to dismiss the FTC's antitrust lawsuit against the company
Indiana secretary of state appeals ruling for US Senate candidate seeking GOP nod
S&P 500   4,604.37
DOW   36,247.87
QQQ   392.17
A 'soft landing' or a recession? How each one might affect America's households and businesses
[Investor Alert] Potential Breakthrough Medical Tech Investment Opportunity (Ad)
Closing prices for crude oil, gold and other commodities
How major US stock indexes fared Friday, 12/8/2023
[Investor Alert] Potential Breakthrough Medical Tech Investment Opportunity (Ad)
MarketBeat Week in Review – 12/4 - 12/8
FTC opens inquiry of Chevron-Hess merger, marking second review this week of major oil industry deal
[Investor Alert] Potential Breakthrough Medical Tech Investment Opportunity (Ad)
Amazon asks federal judge to dismiss the FTC's antitrust lawsuit against the company
Indiana secretary of state appeals ruling for US Senate candidate seeking GOP nod
S&P 500   4,604.37
DOW   36,247.87
QQQ   392.17
A 'soft landing' or a recession? How each one might affect America's households and businesses
[Investor Alert] Potential Breakthrough Medical Tech Investment Opportunity (Ad)
Closing prices for crude oil, gold and other commodities
How major US stock indexes fared Friday, 12/8/2023
[Investor Alert] Potential Breakthrough Medical Tech Investment Opportunity (Ad)
MarketBeat Week in Review – 12/4 - 12/8
FTC opens inquiry of Chevron-Hess merger, marking second review this week of major oil industry deal
[Investor Alert] Potential Breakthrough Medical Tech Investment Opportunity (Ad)
Amazon asks federal judge to dismiss the FTC's antitrust lawsuit against the company
Indiana secretary of state appeals ruling for US Senate candidate seeking GOP nod
S&P 500   4,604.37
DOW   36,247.87
QQQ   392.17
A 'soft landing' or a recession? How each one might affect America's households and businesses
[Investor Alert] Potential Breakthrough Medical Tech Investment Opportunity (Ad)
Closing prices for crude oil, gold and other commodities
How major US stock indexes fared Friday, 12/8/2023
[Investor Alert] Potential Breakthrough Medical Tech Investment Opportunity (Ad)
MarketBeat Week in Review – 12/4 - 12/8
FTC opens inquiry of Chevron-Hess merger, marking second review this week of major oil industry deal
[Investor Alert] Potential Breakthrough Medical Tech Investment Opportunity (Ad)
Amazon asks federal judge to dismiss the FTC's antitrust lawsuit against the company
Indiana secretary of state appeals ruling for US Senate candidate seeking GOP nod

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

$363.67
+2.45 (+0.68%)
(As of 12/8/2023 ET)
Compare
Today's Range
$360.87
$364.17
50-Day Range
$359.90
$391.26
52-Week Range
$345.55
$450.00
Volume
2.06 million shs
Average Volume
2.03 million shs
Market Capitalization
$104.74 billion
P/E Ratio
10.49
Dividend Yield
1.48%
Price Target
$443.83

Deere & Company MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.61 Rating Score
Upside/​Downside
22.0% Upside
$443.83 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
0.89mentions of Deere & Company in the last 14 days
Based on 20 Articles This Week
Insider Trading
Selling Shares
$2.30 M Sold Last Quarter
Proj. Earnings Growth
-0.03%
From $28.77 to $28.76 Per Share

Overall MarketRank

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

2.69 out of 5 stars

Industrial Products Sector

22nd out of 176 stocks

Farm Machinery & Equipment Industry

1st 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.
Trading Experts Call It “The Perfect Tesla Trade”
Thanks to a new discovery linked to shares of Tesla, regular folks can now target gains of 100% or more in six days or less. New research shows it’s happened 23 different times this year. The next trade is scheduled for this Thursday.
Why Deere is a top pick at Oppenheimer
Deere Raises Dividend for Second Straight Quarter
All the trading advice you’ve ever received boils down to this
All the trading advice you’ve ever received boils down to one goal and one goal only: finding a reliable edge in the markets. If you can do that, grab hold of it and never let go. Because once you have that edge, and you can count on it, you never need to do anything else.
Deere Unusual Options Activity
John Deere Foundation celebrates 75th anniversary
4 Analysts Have This to Say About Deere
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
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
12/09/2023
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
$443.83
High Stock Price Target
$551.00
Low Stock Price Target
$367.00
Potential Upside/Downside
+22.0%
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
$42.53 per share
Book Value
$75.66 per share

Miscellaneous

Free Float
287,252,000
Market Cap
$104.74 billion
Optionable
Optionable
Beta
1.02

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DE Stock Analysis - Frequently Asked Questions

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

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.
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 targets for Deere & Company's shares. Their DE share price targets range from $367.00 to $551.00. On average, they expect the company's share price to reach $443.83 in the next twelve months. This suggests a possible upside of 22.0% 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 beginning of 2023. Since then, DE stock has decreased by 15.2% and is now trading at $363.67.
View the best growth stocks for 2023 here
.

Are investors shorting Deere & Company?

Deere & Company saw a increase in short interest in 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 trading volume, of 1,480,000 shares, the short-interest ratio is presently 2.1 days. Currently, 1.2% of the company's stock are sold short.
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 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 net margin of 16.60% and a trailing twelve-month return on equity of 45.91%. Deere & Company's quarterly revenue was down 3.8% on a year-over-year basis. During the same period in the previous year, the firm posted $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 announced a quarterly dividend on Wednesday, December 6th. Investors of record on Friday, December 29th will be paid a dividend of $1.47 per share on Thursday, February 8th. This represents a $5.88 dividend on an annualized basis and a dividend yield of 1.62%. The ex-dividend date of this dividend is Thursday, December 28th. This is a positive change from the stock's previous quarterly dividend of $1.35.
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 1.49%. 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 18.78% 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 a number of 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.
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 12/9/2023 by MarketBeat.com Staff

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