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S&P 500   5,011.12
DOW   37,775.38
QQQ   423.41
What's Driving Tesla Lower Ahead of its Earnings?
Stock market today: Asian markets sink, with Japan’s Nikkei down 3.5%, as Mideast tensions flare
How major US stock indexes fared Thursday, 4/18/2024
3 Steel Stocks Could Soar on New China Tariffs
CSX Co.: The Railroad Powering Ahead with an Earnings Beat
'There is no time to waste': EU leaders want to boost competitiveness to close gap with US and China
These are the Top 4 Stocks for Buybacks in 2024
S&P 500   5,011.12
DOW   37,775.38
QQQ   423.41
What's Driving Tesla Lower Ahead of its Earnings?
Stock market today: Asian markets sink, with Japan’s Nikkei down 3.5%, as Mideast tensions flare
How major US stock indexes fared Thursday, 4/18/2024
3 Steel Stocks Could Soar on New China Tariffs
CSX Co.: The Railroad Powering Ahead with an Earnings Beat
'There is no time to waste': EU leaders want to boost competitiveness to close gap with US and China
These are the Top 4 Stocks for Buybacks in 2024
S&P 500   5,011.12
DOW   37,775.38
QQQ   423.41
What's Driving Tesla Lower Ahead of its Earnings?
Stock market today: Asian markets sink, with Japan’s Nikkei down 3.5%, as Mideast tensions flare
How major US stock indexes fared Thursday, 4/18/2024
3 Steel Stocks Could Soar on New China Tariffs
CSX Co.: The Railroad Powering Ahead with an Earnings Beat
'There is no time to waste': EU leaders want to boost competitiveness to close gap with US and China
These are the Top 4 Stocks for Buybacks in 2024
NYSE:DE

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

$400.87
+3.99 (+1.01%)
(As of 04/18/2024 ET)
Today's Range
$396.74
$402.28
50-Day Range
$356.78
$412.84
52-Week Range
$345.55
$450.00
Volume
1.56 million shs
Average Volume
1.50 million shs
Market Capitalization
$111.59 billion
P/E Ratio
11.67
Dividend Yield
1.47%
Price Target
$433.28

Deere & Company MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.50 Rating Score
Upside/​Downside
8.1% Upside
$433.28 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
0.58mentions of Deere & Company in the last 14 days
Based on 32 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
-1.39%
From $27.39 to $27.01 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

3.45 out of 5 stars

Industrial Products Sector

68th out of 163 stocks

Farm Machinery & Equipment Industry

3rd 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

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Deere & Company (DE)
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Short Interest in Deere & Company (NYSE:DE) Grows By 10.7%
Deere & Company (NYSE:DE) Stock Price Down 1.4%
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See More Headlines
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Company Calendar

Ex-Dividend for 2/8 Dividend
12/28/2023
Dividend Payable
2/08/2024
Last Earnings
2/15/2024
Ex-Dividend for 5/8 Dividend
3/27/2024
Today
4/19/2024
Dividend Payable
5/08/2024
Next Earnings (Estimated)
5/17/2024
Fiscal Year End
10/31/2024

Industry, Sector and Symbol

Industry
Farm machinery & equipment
Sub-Industry
Construction & Farm Machinery & Heavy Trucks
CUSIP
24419910
Employees
83,000
Year Founded
1837

Price Target and Rating

Average Stock Price Target
$433.28
High Stock Price Target
$551.00
Low Stock Price Target
$367.00
Potential Upside/Downside
+8.1%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.50
Research Coverage
18 Analysts

Profitability

Net Income
$10.17 billion
Pretax Margin
20.96%

Debt

Sales & Book Value

Annual Sales
$61.25 billion
Cash Flow
$43.10 per share
Book Value
$75.66 per share

Miscellaneous

Free Float
277,634,000
Market Cap
$111.59 billion
Optionable
Optionable
Beta
1.04

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Should I Buy Deere & Company Stock? DE Pros and Cons Explained

Pros

Here are some ways that investors could benefit from investing in Deere & Company:

  • Deere & Company reported strong quarterly earnings, beating consensus estimates by a significant margin, indicating a healthy financial performance.
  • The company has a diverse product portfolio across various segments, including agriculture, construction, and forestry, providing stability and potential for growth.
  • Deere & Company has a solid market capitalization of $114.33 billion, reflecting its strong position in the industry.
  • The stock price of Deere & Company has shown resilience, with a 52-week high of $450.00, suggesting investor confidence in the company's future prospects.
  • With a return on equity of 44.60%, Deere & Company demonstrates efficient utilization of shareholder equity to generate profits.

Cons

Investors should be bearish about investing in Deere & Company for these reasons:

  • Deere & Company's revenue was down 8.0% on a year-over-year basis, indicating a decline in sales performance that may raise concerns about future growth.
  • The company operates in industries susceptible to economic fluctuations, such as agriculture and construction, which could impact its financial stability during challenging economic conditions.
  • Deere & Company's debt-to-equity ratio of 1.81 may pose risks in case of economic downturns or rising interest rates, affecting the company's financial health.
  • The company's P/E ratio of 11.96 and price-to-earnings-growth ratio of 1.54 should be considered by investors, as they indicate the stock's valuation and growth expectations.
  • While Deere & Company has a strong presence in the market, competition from other heavy equipment manufacturers could potentially impact its market share and profitability.
These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Saturday, April 13, 2024. Please send any questions or comments about these Deere & Company pros and cons to contact@marketbeat.com.

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 9 hold ratings and 9 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 brokers have issued 1-year price targets for Deere & Company's shares. Their DE share price targets range from $367.00 to $551.00. On average, they predict the company's stock price to reach $433.28 in the next year. This suggests a possible upside of 8.1% 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 2024?

Deere & Company's stock was trading at $399.87 at the start of the year. Since then, DE stock has increased by 0.3% and is now trading at $400.87.
View the best growth stocks for 2024 here
.

Are investors shorting Deere & Company?

Deere & Company saw a increase in short interest in March. As of March 31st, there was short interest totaling 3,000,000 shares, an increase of 10.7% from the March 15th total of 2,710,000 shares. Based on an average daily volume of 1,500,000 shares, the days-to-cover ratio is currently 2.0 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, May 17th 2024.
View our DE earnings forecast
.

How were Deere & Company's earnings last quarter?

Deere & Company (NYSE:DE) released its earnings results on Thursday, February, 15th. The industrial products company reported $6.23 earnings per share for the quarter, beating the consensus estimate of $5.19 by $1.04. The industrial products company had revenue of $10.49 billion for the quarter, compared to analyst estimates of $10.30 billion. Deere & Company had a net margin of 16.38% and a trailing twelve-month return on equity of 44.60%. The business's revenue for the quarter was down 8.0% compared to the same quarter last year. During the same period in the prior year, the company posted $6.55 earnings per share.
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, February 28th. Stockholders of record on Friday, March 29th will be given a dividend of $1.47 per share on Wednesday, May 8th. This represents a $5.88 annualized dividend and a dividend yield of 1.47%. The ex-dividend date of this dividend is Wednesday, March 27th.
Read our dividend analysis for DE
.

Is Deere & Company a good dividend stock?

Deere & Company (NYSE:DE) pays an annual dividend of $5.88 per share and currently has a dividend yield of 1.50%. 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 17.12%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, DE will have a dividend payout ratio of 21.77% 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 institutional and retail investors. Top institutional shareholders include Sarasin & Partners LLP (0.24%), Fort Pitt Capital Group LLC (0.06%), Park National Corp OH (0.03%), Wealth Enhancement Advisory Services LLC (0.03%), Gateway Investment Advisers LLC (0.03%) and State of Michigan Retirement System (0.03%). 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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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 4/19/2024 by MarketBeat.com Staff

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