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

19 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 12 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" DE shares.
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19 analysts have issued twelve-month price objectives for Deere & Company's stock. Their DE share price forecasts range from $342.00 to $582.00. On average, they anticipate the company's stock price to reach $443.86 in the next year. This suggests a possible upside of 24.3% from the stock's current price.
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Deere & Company's stock was trading at $428.76 at the beginning of 2023. Since then, DE stock has decreased by 16.7% and is now trading at $357.21.
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Deere & Company saw a decline in short interest during the month of May. As of May 15th, there was short interest totaling 2,650,000 shares, a decline of 7.7% from the April 30th total of 2,870,000 shares. Based on an average trading volume of 1,690,000 shares, the days-to-cover ratio is currently 1.6 days. Currently, 0.9% of the company's stock are sold short.
View Deere & Company's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Friday, August 18th 2023.
View our DE earnings forecast.

Deere & Company (NYSE:DE) posted its earnings results on Friday, May, 19th. The industrial products company reported $9.65 earnings per share for the quarter, topping analysts' consensus estimates of $8.57 by $1.08. The industrial products company had revenue of $16.08 billion for the quarter, compared to analysts' expectations of $14.87 billion. Deere & Company had a net margin of 15.00% and a trailing twelve-month return on equity of 43.11%. The company's revenue for the quarter was up 33.6% compared to the same quarter last year. During the same quarter last year, the firm posted $6.81 earnings per share.
Read the conference call transcript.

Deere & Company declared a quarterly dividend on Wednesday, February 22nd. Investors of record on Friday, March 31st will be paid a dividend of $1.25 per share on Monday, May 8th. This represents a $5.00 annualized dividend and a dividend yield of 1.40%. The ex-dividend date of this dividend is Thursday, March 30th. This is an increase from the stock's previous quarterly dividend of $1.20.
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), ClearBridge Focus Value ESG ETF (CFCV), VanEck Natural Resources ETF (HAP), VanEck Future of Food ETF (YUMY), Engine No. 1 Transform Climate ETF (NETZ) and IQ Winslow Focused Large Cap Growth ETF (IWFG).

Deere & Company (NYSE:DE) pays an annual dividend of $5.00 per share and currently has a dividend yield of 1.40%. 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 16.78%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, DE will have a dividend payout ratio of 15.53% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for DE.

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 trades on the New York Stock Exchange (NYSE) under the ticker symbol "DE."

Deere & Company's stock is owned by a number of institutional and retail investors. Top institutional investors include State Street Corp (3.53%), Providence Capital Advisors LLC (1.92%), Wellington Management Group LLP (1.77%), Geode Capital Management LLC (1.62%), FMR LLC (1.48%) and Parnassus Investments LLC (1.07%). Insiders that own company stock include Cory J Reed, John C May II, John H Stone, Marc A Howze, Mary KW Jones, Pentz Markwart Von, Rajesh Kalathur, Ryan D Campbell 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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One share of DE stock can currently be purchased for approximately $357.21.

Deere & Company (NYSE:DE) has a market capitalization of $105.85 billion and generates $52.58 billion in revenue each year. The industrial products company earns $7.13 billion in net income (profit) each year or $29.80 on an earnings per share basis.

The company employs 82,200 workers across the globe.

Deere & Company's mailing address is ONE JOHN DEERE PLACE, MOLINE IL, 61265. The official website for the company is www.deere.com. The industrial products company can be reached via phone at (309) 765-8000 or via fax at 309-765-5671.