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

18 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Deere & Company in the last year. There are currently 5 hold ratings and 13 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" DE shares.
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18 Wall Street analysts have issued 12-month price targets for Deere & Company's stock. Their DE share price forecasts range from $367.00 to $551.00. On average, they predict the company's stock price to reach $459.90 in the next twelve months. This suggests a possible upside of 18.6% from the stock's current price.
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Deere & Company's stock was trading at $428.76 on January 1st, 2023. Since then, DE shares have decreased by 9.6% and is now trading at $387.78.
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Deere & Company saw a increase in short interest in August. As of August 31st, there was short interest totaling 2,280,000 shares, an increase of 7.5% from the August 15th total of 2,120,000 shares. Based on an average daily trading volume, of 1,490,000 shares, the short-interest ratio is currently 1.5 days. Currently, 0.9% of the shares of the stock are short sold.
View Deere & Company's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 22nd 2023.
View our DE earnings forecast.

Deere & Company (NYSE:DE) announced its quarterly earnings results on Friday, August, 18th. The industrial products company reported $10.20 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $8.22 by $1.98. The industrial products company earned $14.28 billion during the quarter, compared to the consensus estimate of $14.14 billion. Deere & Company had a trailing twelve-month return on equity of 46.15% and a net margin of 16.36%. The business's revenue for the quarter was up 9.9% compared to the same quarter last year. During the same period in the previous year, the company earned $6.16 earnings per share.
Read the conference call transcript.

Deere & Company announced a quarterly dividend on Wednesday, August 30th. Investors 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 dividend on an annualized basis and a dividend yield of 1.39%. 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.

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).

Deere & Company (NYSE:DE) pays an annual dividend of $5.40 per share and currently has a dividend yield of 1.25%. 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 15.96%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, DE will have a dividend payout ratio of 16.32% 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 variety of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (6.30%), Bank Julius Baer & Co. Ltd Zurich (5.43%), State Street Corp (3.56%), Geode Capital Management LLC (1.67%), Parnassus Investments LLC (1.09%) and Northern Trust Corp (1.02%). 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, Tami A Erwin and Tami A Erwin.
View institutional ownership trends.

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 $387.78.

Deere & Company (NYSE:DE) has a market capitalization of $111.68 billion and generates $60.37 billion in revenue each year. The industrial products company earns $7.13 billion in net income (profit) each year or $33.84 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.