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S&P 500   4,179.83
DOW   32,908.27
QQQ   347.99
Stock market today: Global shares mostly rise after House approves debt ceiling deal
We Called (ARWR) In Advance, Which Stocks Are Next? (Ad)
Alibaba Unveils Its Spin-Off Plans
The Most Upgraded Stocks From The Q1 Earnings Season
Major Financial Crisis Could Hit America (Ad)
Oman launches $5B investment fund as part of efforts to diversify oil-dependant economy
Can the Dow's 2023 Runaway Winners Keep Running?
Major Financial Crisis Could Hit America (Ad)
KLA Shares Soars As Chip Equipment Makers Surge 21% In May
Can These Two Crypto Stocks Stage a Comeback?
S&P 500   4,179.83
DOW   32,908.27
QQQ   347.99
Stock market today: Global shares mostly rise after House approves debt ceiling deal
We Called (ARWR) In Advance, Which Stocks Are Next? (Ad)
Alibaba Unveils Its Spin-Off Plans
The Most Upgraded Stocks From The Q1 Earnings Season
Major Financial Crisis Could Hit America (Ad)
Oman launches $5B investment fund as part of efforts to diversify oil-dependant economy
Can the Dow's 2023 Runaway Winners Keep Running?
Major Financial Crisis Could Hit America (Ad)
KLA Shares Soars As Chip Equipment Makers Surge 21% In May
Can These Two Crypto Stocks Stage a Comeback?
S&P 500   4,179.83
DOW   32,908.27
QQQ   347.99
Stock market today: Global shares mostly rise after House approves debt ceiling deal
We Called (ARWR) In Advance, Which Stocks Are Next? (Ad)
Alibaba Unveils Its Spin-Off Plans
The Most Upgraded Stocks From The Q1 Earnings Season
Major Financial Crisis Could Hit America (Ad)
Oman launches $5B investment fund as part of efforts to diversify oil-dependant economy
Can the Dow's 2023 Runaway Winners Keep Running?
Major Financial Crisis Could Hit America (Ad)
KLA Shares Soars As Chip Equipment Makers Surge 21% In May
Can These Two Crypto Stocks Stage a Comeback?

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

$345.98
-4.65 (-1.33%)
(As of 05/31/2023 ET)
Compare
Today's Range
$345.55
$350.22
50-Day Range
$345.98
$414.99
52-Week Range
$283.81
$448.40
Volume
3.15 million shs
Average Volume
1.66 million shs
Market Capitalization
$102.52 billion
P/E Ratio
11.61
Dividend Yield
1.45%
Price Target
$443.86

Deere & Company MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.63 Rating Score
Upside/​Downside
28.3% Upside
$443.86 Price Target
Short Interest
Healthy
0.90% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-4.75
Upright™ Environmental Score
News Sentiment
0.26mentions of Deere & Company in the last 14 days
Based on 17 Articles This Week
Insider Trading
Selling Shares
$2.54 M Sold Last Quarter
Proj. Earnings Growth
1.26%
From $31.80 to $32.20 Per Share

Overall MarketRank

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

3.00 out of 5 stars

Industrial Products Sector

8th out of 178 stocks

Farm Machinery & Equipment Industry

1st out of 4 stocks


DE stock logo

About Deere & Company (NYSE:DE) Stock

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. 

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DE Stock News Headlines

Deere & Company Rallies On Farm Equipment Boom, Bullish Outlook (DE)
Deere & Company investors may be in for a cyclical rally, as other farming operators are pointing to volumes not seen in a decade. Analysts agree on upside
The 8 Best Agricultural ETFs to Consider for Your Portfolio (DE)
Agriculture ETFs involve investing in agriculture commodities such as sugar, corn, soybeans, coffee and wheat. Learn more.
Stop Trading Like A Turtle
Performing at your best requires quick reaction and adaptability. While slow and steady progress works for some, having a tool that enables informed trading decisions is essential amid volatility. It's 2023. Why trade like a turtle when you could track down new opportunities like a cheetah?
Deere declares $1.25 dividend
Stop Trading Like A Turtle
Performing at your best requires quick reaction and adaptability. While slow and steady progress works for some, having a tool that enables informed trading decisions is essential amid volatility. It's 2023. Why trade like a turtle when you could track down new opportunities like a cheetah?
Deere & Company (NYSE:DE) PT Lowered to $460.00
Deere & Company (NYSE:DE) Price Target Cut to $445.00
See More Headlines
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DE Company Calendar

Ex-Dividend for 5/8 Dividend
3/30/2023
Dividend Payable
5/08/2023
Last Earnings
5/19/2023
Today
5/31/2023
Next Earnings (Estimated)
8/18/2023
Fiscal Year End
10/31/2023

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 Forecast
$443.86
High Stock Price Forecast
$582.00
Low Stock Price Forecast
$342.00
Forecasted Upside/Downside
+28.3%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.63
Research Coverage
19 Analysts

Profitability

Net Income
$7.13 billion
Pretax Margin
19.71%

Debt

Sales & Book Value

Annual Sales
$52.58 billion
Cash Flow
$28.98 per share
Book Value
$75.59 per share

Miscellaneous

Free Float
295,552,000
Market Cap
$102.52 billion
Optionable
Optionable
Beta
1.03

Social Links


Key Executives

  • John C. MayJohn C. May
    Chairman, President, CEO & COO
  • Joshua A. Jepsen
    Chief Financial Officer & Senior Vice President
  • Rajesh KalathurRajesh Kalathur
    Chief Information Officer
  • Jahmy J. Hindman
    Chief Technology Officer
  • Mary K. W. JonesMary K. W. Jones
    Chief Legal Officer, General Counsel & Senior VP













DE Stock - Frequently Asked Questions

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

19 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Deere & Company in the last twelve months. There are currently 7 hold ratings and 12 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" DE shares.
View DE analyst ratings
or view top-rated stocks.

What is Deere & Company's stock price forecast for 2023?

19 Wall Street research analysts have issued twelve-month target prices for Deere & Company's shares. Their DE share price forecasts range from $342.00 to $582.00. On average, they expect the company's share price to reach $443.86 in the next twelve months. This suggests a possible upside of 28.3% 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 the year. Since then, DE shares have decreased by 19.3% and is now trading at $345.98.
View the best growth stocks for 2023 here
.

Are investors shorting Deere & Company?

Deere & Company saw a drop in short interest during the month of May. As of May 15th, there was short interest totaling 2,650,000 shares, a drop of 7.7% from the April 30th total of 2,870,000 shares. Based on an average daily volume of 1,690,000 shares, the days-to-cover ratio is currently 1.6 days. Currently, 0.9% of the company's shares 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, August 18th 2023.
View our DE earnings forecast
.

How were Deere & Company's earnings last quarter?

Deere & Company (NYSE:DE) posted its earnings results on Friday, May, 19th. The industrial products company reported $9.65 EPS for the quarter, beating the consensus estimate of $8.57 by $1.08. The industrial products company had revenue of $16.08 billion for the quarter, compared to the consensus estimate 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 business's revenue for the quarter was up 33.6% compared to the same quarter last year. During the same quarter last year, the business earned $6.81 EPS.
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, May 31st. Stockholders of record on Friday, June 30th will be paid a dividend of $1.25 per share on Tuesday, August 8th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 1.45%.
Read our dividend analysis for DE
.

Is Deere & Company a good dividend stock?

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.

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).

What is Deere & Company's stock symbol?

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

Who are Deere & Company's major shareholders?

Deere & Company's stock is owned by a variety of retail and institutional 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.
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.

What is Deere & Company's stock price today?

One share of DE stock can currently be purchased for approximately $345.98.

How much money does Deere & Company make?

Deere & Company (NYSE:DE) has a market capitalization of $102.52 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.

How many employees does Deere & Company have?

The company employs 82,200 workers across the globe.

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
How can I contact Deere & Company?

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.

This page (NYSE:DE) was last updated on 6/1/2023 by MarketBeat.com Staff

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