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PYPL   58.46 (+0.48%)
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NYSE:DE

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

$377.38
-7.35 (-1.91%)
(As of 09/29/2023 ET)
Compare
Today's Range
$375.72
▼
$386.98
50-Day Range
$377.38
▼
$446.33
52-Week Range
$333.66
▼
$450.00
Volume
2.11 million shs
Average Volume
1.61 million shs
Market Capitalization
$108.69 billion
P/E Ratio
11.15
Dividend Yield
1.32%
Price Target
$450.86
ProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainability

Deere & Company MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.63 Rating Score
Upside/​Downside
19.5% Upside
$450.86 Price Target
Short Interest
Healthy
0.89% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-4.75
Upright™ Environmental Score
News Sentiment
0.52mentions of Deere & Company in the last 14 days
Based on 16 Articles This Week
Insider Trading
Selling Shares
$2.10 M Sold Last Quarter
Proj. Earnings Growth
-2.42%
From $33.91 to $33.09 Per Share

Overall MarketRank™

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

2.64 out of 5 stars

Industrial Products Sector

35th out of 180 stocks

Farm Machinery & Equipment Industry

2nd out of 4 stocks

See Top Rated MarketRank™ Stocks Here

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. 

DE Price History

DE Stock News Headlines

September 11, 2023 | marketbeat.com
16 Top Robotics Companies to Get to Know in 2023 (DE)
What are the top robotics companies in the USA, as robotics continues to grow? Learn more about the best companies today with MarketBeat.
September 2, 2023 | marketbeat.com
MarketBeat Week in Review – 8/28 - 9/1 (DE)
The markets ended the week with mixed results as stocks enter what is historically the toughest month of the year and next week volume should pick up
September 29, 2023 | Legacy Research (Ad)
WARNING: Mandatory U.S. Dollar Recall is Weeks Away
If you have any U.S. dollars in your bank account… You must see this shocking video exposing the government’s new plan to recall the U.S. dollar. According to Business Insider, this recall “could be imminent.” And if you don’t prepare now, you could end up holding a bunch of worthless U.S. dollars.
August 30, 2023 | marketbeat.com
7 Best AI Mutual Funds (and ETFs) to Sweep the AI Craze  (DE)
What are the best AI mutual funds, as AI continues to influence many sectors? Learn more about the best AI mutual funds to buy now with MarketBeat.
August 30, 2023 | marketbeat.com
10 Best Sugar Stocks to Buy Now (DE)
No individual sugar-producing companies trade on major U.S. stock exchanges, so should you invest? Learn more about the best sugar stocks to buy on MarketBeat.
September 29, 2023 | fool.com
Deere: Buy, Sell, or Hold?
September 28, 2023 | msn.com
Job fair held by American Job Center for laid-off employees of John Deere Harvester Works
September 28, 2023 | finance.yahoo.com
AGCO to Buy Trimble Assets for $2 Billion to Boost Farming Tech
September 29, 2023 | Legacy Research (Ad)
WARNING: Mandatory U.S. Dollar Recall is Weeks Away
If you have any U.S. dollars in your bank account… You must see this shocking video exposing the government’s new plan to recall the U.S. dollar. According to Business Insider, this recall “could be imminent.” And if you don’t prepare now, you could end up holding a bunch of worthless U.S. dollars.
September 28, 2023 | finance.yahoo.com
Deere & Co (DE): A Deep Dive into its Dividend Performance and Sustainability
September 27, 2023 | americanbankingnews.com
Deere & Company (NYSE:DE) Receives Average Rating of "Moderate Buy" from Brokerages
September 26, 2023 | finance.yahoo.com
BigIron and Sullivan Auctioneers, a BigIron Company, Commissioned To Sell Quality Equipment From Hutson, A Prominent John Deere Dealership
September 26, 2023 | seekingalpha.com
Deere Is Trading At A No-Growth Price: There Is An Adequate Margin Of Safety
September 24, 2023 | americanbankingnews.com
Deere & Company (NYSE:DE) Stock Rating Reaffirmed by Canaccord Genuity Group
September 24, 2023 | americanbankingnews.com
Deere & Company (NYSE:DE) Rating Lowered to Hold at Canaccord Genuity Group
September 23, 2023 | investing.com
Micron's AI Glow; Deere Cut on Ag Doldrums: Street Calls of the Week
September 22, 2023 | msn.com
Canaccord Genuity Downgrades Deere (DE)
September 22, 2023 | finance.yahoo.com
Deere Stock Is Dropping Again. Downgrades, Problems Are Growing.
September 22, 2023 | barrons.com
Deere & Co.
September 22, 2023 | finance.yahoo.com
Why Deere Stock Continues to Fall
September 21, 2023 | finance.yahoo.com
Deere & Company faces stock dip amid analyst downgrade and falling crop prices
September 21, 2023 | finance.yahoo.com
Why Shares of Deere Fell Again Today
September 21, 2023 | msn.com
John Deere workers react to being laid off from Harvester Works factory
September 20, 2023 | barrons.com
Deere Stock Gets a Downgrade. Why That Could Be a Buy Signal.
September 20, 2023 | msn.com
John Deere laying off over 200 employees in Illinois
September 20, 2023 | msn.com
John Deere announces indefinite layoff for over 200 workers
September 20, 2023 | 247wallst.com
Evercore ISI Group Downgrades Deere
See More Headlines
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DE Company Calendar

Ex-Dividend for 8/8 Dividend
6/29/2023
Dividend Payable
8/08/2023
Last Earnings
8/18/2023
Ex-Dividend for 11/8 Dividend
9/28/2023
Today
9/29/2023
Fiscal Year End
10/31/2023
Dividend Payable
11/08/2023
Next Earnings (Estimated)
11/22/2023
Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange
NYSE
Industry
Farm machinery & equipment
Sub-Industry
Construction & Farm Machinery & Heavy Trucks
Sector
Industrial Products
Current Symbol
NYSE:DE
CUSIP
24419910
CIK
315189
Web
www.deere.com
Phone
(309) 765-8000
Fax
309-765-5671
Employees
82,200
Year Founded
1837

Price Target and Rating

Average Stock Price Forecast
$450.86
High Stock Price Forecast
$551.00
Low Stock Price Forecast
$367.00
Forecasted Upside/Downside
+19.5%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.63
Research Coverage
19 Analysts

Profitability

EPS (Most Recent Fiscal Year)
$33.84
Trailing P/E Ratio
11.15
Forward P/E Ratio
11.13
P/E Growth
0.87
Net Income
$7.13 billion
Net Margins
16.36%
Pretax Margin
20.91%
Return on Equity
46.15%
Return on Assets
10.48%

Debt

Debt-to-Equity Ratio
1.65
Current Ratio
1.98
Quick Ratio
1.74

Sales & Book Value

Annual Sales
$52.58 billion
Price / Sales
2.07
Cash Flow
$29.36 per share
Price / Cash Flow
12.85
Book Value
$80.04 per share
Price / Book
4.71

Miscellaneous

Outstanding Shares
288,000,000
Free Float
287,252,000
Market Cap
$108.67 billion
Optionable
Optionable
Beta
1.07

Social Links

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Key Executives

  • Mr. John C. May IIMr. John C. May II (Age 54)
    Chairman, Pres & CEO
    Comp: $9.07M
  • Mr. Rajesh KalathurMr. Rajesh Kalathur (Age 55)
    Chief Financial Officer & Pres at John Deere
    Comp: $1.85M
  • Mr. Joshua A. Jepsen (Age 44)
    Sr. VP & CFO
    Comp: $1.16M
  • Ms. Mary K. W. JonesMs. Mary K. W. Jones (Age 55)
    Sr. VP of International Public Affairs & Gen. Counsel
    Comp: $3.69M
  • Mr. Ryan D. CampbellMr. Ryan D. Campbell (Age 48)
    Pres, Division of Construction and Forestry & Power Systems
    Comp: $3.93M
  • Mr. Cory J. ReedMr. Cory J. Reed (Age 52)
    Pres of International Div. of Fields & Ag. and Precision Ag. & Prod. of America and Australia
    Comp: $3.68M
  • Mr. Jeffrey A. Trahan
    VP of Pension Fund & Investments
  • Mr. Jahmy J. Hindman
    Sr. VP & CTO
  • Brent Norwood
    Director of Investor Relations
  • Ms. Renee A. Mailhot
    VP & Chief Compliance Officer

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions













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 year. There are currently 7 hold ratings and 12 buy ratings for the stock. The consensus among Wall Street research 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 forecast for 2023?

19 analysts have issued twelve-month price targets for Deere & Company's shares. Their DE share price forecasts range from $367.00 to $551.00. On average, they anticipate the company's stock price to reach $450.86 in the next year. This suggests a possible upside of 19.5% 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 2023?

Deere & Company's stock was trading at $428.76 at the start of the year. Since then, DE shares have decreased by 12.0% and is now trading at $377.31.
View the best growth stocks for 2023 here.

Are investors shorting Deere & Company?

Deere & Company saw a increase in short interest in the month of 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 volume of 1,490,000 shares, the days-to-cover ratio is presently 1.5 days. Currently, 0.9% of the company's stock 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 Wednesday, November 22nd 2023.
View our DE earnings forecast.

How were Deere & Company's earnings last quarter?

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 the consensus estimate 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 net margin of 16.36% and a trailing twelve-month return on equity of 46.15%. The firm's quarterly revenue was up 9.9% on a year-over-year basis. During the same period in the prior year, the company posted $6.16 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, August 30th. Stockholders 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 1.43%. The ex-dividend date of this dividend is Thursday, September 28th. This is a positive change from the stock's previous quarterly dividend of $1.25.
Read our dividend analysis for DE.

What ETFs hold Deere & Company's stock?

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).

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 1.30%. 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 14.78%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, DE will have a dividend payout ratio of 15.11% 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."

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 $377.31.

How much money does Deere & Company make?

Deere & Company (NYSE:DE) has a market capitalization of $108.67 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 $33.84 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 9/29/2023 by MarketBeat.com Staff

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