S&P 500   5,137.08
DOW   39,087.38
QQQ   445.61
South Korean doctors hold massive anti-government rally over medical school recruitment plan
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
Chicago 'mansion' tax to fund homeless services stuck in legal limbo while on the ballot
Nobel laureate Muhammad Yunus is granted bail in a Bangladesh graft case
Critical asset just had biggest fall on record (Ad)
What to watch for as China's major political meeting of the year gets underway
Former Bank of Beijing chairman under investigation, part of China's crackdown on corruption
Critical asset just had biggest fall on record (Ad)
Head Start preschools aim to fight poverty, but their teachers struggle to make ends meet
Trader Joe's chicken soup dumplings recalled for possibly containing permanent marker plastic
S&P 500   5,137.08
DOW   39,087.38
QQQ   445.61
South Korean doctors hold massive anti-government rally over medical school recruitment plan
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
Chicago 'mansion' tax to fund homeless services stuck in legal limbo while on the ballot
Nobel laureate Muhammad Yunus is granted bail in a Bangladesh graft case
Critical asset just had biggest fall on record (Ad)
What to watch for as China's major political meeting of the year gets underway
Former Bank of Beijing chairman under investigation, part of China's crackdown on corruption
Critical asset just had biggest fall on record (Ad)
Head Start preschools aim to fight poverty, but their teachers struggle to make ends meet
Trader Joe's chicken soup dumplings recalled for possibly containing permanent marker plastic
S&P 500   5,137.08
DOW   39,087.38
QQQ   445.61
South Korean doctors hold massive anti-government rally over medical school recruitment plan
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
Chicago 'mansion' tax to fund homeless services stuck in legal limbo while on the ballot
Nobel laureate Muhammad Yunus is granted bail in a Bangladesh graft case
Critical asset just had biggest fall on record (Ad)
What to watch for as China's major political meeting of the year gets underway
Former Bank of Beijing chairman under investigation, part of China's crackdown on corruption
Critical asset just had biggest fall on record (Ad)
Head Start preschools aim to fight poverty, but their teachers struggle to make ends meet
Trader Joe's chicken soup dumplings recalled for possibly containing permanent marker plastic
S&P 500   5,137.08
DOW   39,087.38
QQQ   445.61
South Korean doctors hold massive anti-government rally over medical school recruitment plan
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
Chicago 'mansion' tax to fund homeless services stuck in legal limbo while on the ballot
Nobel laureate Muhammad Yunus is granted bail in a Bangladesh graft case
Critical asset just had biggest fall on record (Ad)
What to watch for as China's major political meeting of the year gets underway
Former Bank of Beijing chairman under investigation, part of China's crackdown on corruption
Critical asset just had biggest fall on record (Ad)
Head Start preschools aim to fight poverty, but their teachers struggle to make ends meet
Trader Joe's chicken soup dumplings recalled for possibly containing permanent marker plastic
NYSE:DE

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

$367.85
+2.80 (+0.77%)
(As of 03/1/2024 ET)
Today's Range
$361.33
$368.82
50-Day Range
$356.78
$401.63
52-Week Range
$345.55
$450.00
Volume
1.97 million shs
Average Volume
1.87 million shs
Market Capitalization
$103.09 billion
P/E Ratio
10.71
Dividend Yield
1.60%
Price Target
$428.58

Deere & Company MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.50 Rating Score
Upside/​Downside
16.5% Upside
$428.58 Price Target
Short Interest
Healthy
1.04% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-4.75
Upright™ Environmental Score
News Sentiment
0.61mentions of Deere & Company in the last 14 days
Based on 17 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
-1.57%
From $27.47 to $27.04 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.

4.35 out of 5 stars

Industrial Products Sector

40th out of 177 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

Investing in agriculture 101: How to invest in agriculture (DE)
Investing in agriculture doesn’t mean hopping on a tractor yourself. You can choose from many investment options. Learn how to invest in agriculture.
This is the #1 Stock to Buy for the AI Tidal Wave
Marc Chaikin warned people about NVDA before its 2023 bull run - now he’s naming his next pick or the AI tidal wave. Learn more here.
Deere declares $1.47 dividend
Deere & Company Announces Quarterly Dividend
Critical asset just had biggest fall on record
What many consider America's critical financial asset suffers biggest fall on record. Expert says: "it's very bad for millions, protect yourself now."
Top 15 Wheat Producing Countries in the World
The Analyst Verdict: Deere In The Eyes Of 8 Experts
Returns On Capital Are A Standout For Deere (NYSE:DE)
3 Ag Stocks to Watch After Deere’s Gloomy Outlook
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
Today
3/03/2024
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
$428.58
High Stock Price Target
$551.00
Low Stock Price Target
$367.00
Potential Upside/Downside
+16.5%
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
$42.23 per share
Book Value
$78.78 per share

Miscellaneous

Free Float
279,526,000
Market Cap
$103.09 billion
Optionable
Optionable
Beta
1.03

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

These insights were generated using artificial intelligence. They are based on proprietary MarketBeat data, news articles, and custom LLM A.I. algorithms. This analysis of Deere & Company was last updated on Saturday, March 2, 2024 at 3:40 PM.

Pros

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

  • Deere & Company reported strong quarterly earnings, surpassing analysts' expectations, indicating a healthy financial performance.
  • With a dividend increase, Deere & Company offers a solid dividend yield of 1.51%, providing investors with a steady income stream.
  • The company operates in various segments, including Production and Precision Agriculture, which offers a diverse product portfolio catering to different agricultural needs.
  • Deere & Company has a market capitalization of $109.21 billion, reflecting its significant presence and stability in the market.
  • Despite market fluctuations, Deere & Company has shown resilience with a beta of 1.05, indicating a moderate correlation with the market.

Cons

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

  • Deere & Company's stock price has experienced volatility, with a 52-week range between $345.55 and $450.00, potentially leading to uncertainty for investors.
  • The company's debt-to-equity ratio of 1.77 may raise concerns about its financial leverage and ability to manage debt effectively.
  • While the company has a strong presence in the farm machinery & equipment industry, any downturn in the sector could impact Deere & Company's performance.
  • Deere & Company's revenue was down 3.8% on a year-over-year basis, indicating a potential challenge in maintaining consistent revenue growth.
  • Investors should consider the current economic conditions and market trends before making investment decisions related to Deere & Company.














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 Wall Street research analysts have issued twelve-month target prices for Deere & Company's stock. Their DE share price targets range from $367.00 to $551.00. On average, they anticipate the company's stock price to reach $428.58 in the next year. This suggests a possible upside of 16.5% 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 beginning of 2024. Since then, DE shares have decreased by 8.0% and is now trading at $367.85.
View the best growth stocks for 2024 here
.

Are investors shorting Deere & Company?

Deere & Company saw a increase in short interest in the month of February. As of February 15th, there was short interest totaling 2,700,000 shares, an increase of 5.1% from the January 31st total of 2,570,000 shares. Based on an average daily trading volume, of 1,760,000 shares, the short-interest ratio is presently 1.5 days. Approximately 1.0% of the company's shares 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, May 17th 2024.
View our DE earnings forecast
.

How were Deere & Company's earnings last quarter?

Deere & Company (NYSE:DE) announced its quarterly earnings results on Thursday, February, 15th. The industrial products company reported $6.23 EPS for the quarter, topping 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 firm's revenue was down 8.0% on a year-over-year basis. During the same period in the prior year, the business earned $6.55 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, February 28th. Investors of record on Friday, March 29th will be paid a dividend of $1.47 per share on Wednesday, May 8th. This represents a $5.88 annualized dividend and a yield of 1.60%. The ex-dividend date 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 1.60%. 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 21.75% 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 investors include Vanguard Group Inc. (7.75%), Parnassus Investments LLC (1.38%), Bill & Melinda Gates Foundation Trust (1.27%), Norges Bank (1.11%), Capital World Investors (1.08%) and State Farm Mutual Automobile Insurance Co. (1.05%). 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 3/3/2024 by MarketBeat.com Staff