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

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.
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19 analysts have issued 1 year price targets 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 year. This suggests a possible upside of 19.7% 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 stock has decreased by 13.5% and is now trading at $370.92.
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Deere & Company saw a drop in short interest in 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 shares of the 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 EPS for the quarter, beating the consensus estimate of $8.57 by $1.08. The industrial products company earned $16.08 billion during the quarter, compared to analyst estimates of $14.87 billion. Deere & Company had a trailing twelve-month return on equity of 43.11% and a net margin of 15.00%. The firm's revenue for the quarter was up 33.6% on a year-over-year basis. During the same period in the previous year, the company posted $6.81 earnings per share.
Read the conference call transcript.

Deere & Company declared a quarterly dividend on Wednesday, May 31st. Stockholders of record on Friday, June 30th will be given a dividend of $1.25 per share on Tuesday, August 8th. This represents a $5.00 annualized dividend and a dividend yield of 1.35%. The ex-dividend date is Thursday, June 29th.
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 1.45%. 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 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.

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 $370.92.

Deere & Company (NYSE:DE) has a market capitalization of $109.91 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.