Deere & Company Company Profile (NYSE:DE)

About Deere & Company (DE)

Deere & Company logoDeere & Company is engaged in equipment operations. The Company is engaged in providing financial services. The Company operates through three business segments: agriculture and turf, construction and forestry, and financial services. The agriculture and turf segment manufactures and distributes a line of agriculture and turf equipment and related service parts. The construction and forestry segment provides a line of construction equipment, and forestry machines and attachments available in the world. The construction and forestry segment is also engaged in providing fleet management telematics solutions. The financial services segment primarily finances sales and leases by the Company dealers of new and used agriculture and turf equipment and construction and forestry equipment. The financial services segment also provides wholesale financing to dealers of the foregoing equipment, finances retail revolving charge accounts and offers extended equipment warranties.

Industry, Sector and Symbol:
  • Sector: Industrial Products
  • Industry: Farm & Construction Machinery
  • Sub-Industry: Construction & Farm Machinery & Heavy Trucks
  • Exchange: NYSE
  • Symbol: DE
  • CUSIP: 24419910
Key Metrics:
  • Previous Close: $108.18
  • 50 Day Moving Average: $109.67
  • 200 Day Moving Average: $98.97
  • 52-Week Range: $74.91 - $112.18
  • Trailing P/E Ratio: 23.44
  • Foreward P/E Ratio: 19.53
  • P/E Growth: 1.12
  • Market Cap: $34.43B
  • Outstanding Shares: 318,283,000
  • Beta: 0.73
  • Net Margins: 5.72%
  • Return on Equity: 21.97%
  • Return on Assets: 2.63%
  • Debt-to-Equity Ratio: 3.64%
  • Current Ratio: 2.13%
  • Quick Ratio: 1.96%

Analyst Ratings

Consensus Ratings for Deere & Company (NYSE:DE) (?)
Ratings Breakdown: 4 Sell Ratings, 10 Hold Ratings, 10 Buy Ratings
Consensus Rating:Hold (Score: 2.25)
Consensus Price Target: $99.08 (8.41% downside)

Analysts' Ratings History for Deere & Company (NYSE:DE)
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
3/28/2017Citigroup IncReiterated RatingBuy -> PositiveMediumView Rating Details
3/23/2017Royal Bank of CanadaReiterated RatingHold$109.00LowView Rating Details
2/23/2017Jefferies Group LLCBoost Price TargetHold$95.00 -> $105.00N/AView Rating Details
2/21/2017Wells Fargo & CoReiterated RatingOutperform$121.50 -> $124.50N/AView Rating Details
2/19/2017Barclays PLCSet Price TargetSell$80.00N/AView Rating Details
2/17/2017Credit Suisse Group AGSet Price TargetBuy$132.00N/AView Rating Details
1/24/2017JPMorgan Chase & Co.Reiterated RatingSellN/AView Rating Details
1/24/2017Berenberg BankInitiated CoverageSell$90.00N/AView Rating Details
1/19/2017AegisReiterated RatingHold$110.00N/AView Rating Details
1/6/2017Vertical ResearchUpgradeSell -> HoldN/AView Rating Details
12/29/2016Robert W. BairdReiterated RatingOutperform$117.00 -> $100.25N/AView Rating Details
12/16/2016BMO Capital MarketsReiterated RatingOutperform$120.00N/AView Rating Details
12/1/2016Bank of America CorpUpgradeNeutral -> Buy$124.00N/AView Rating Details
11/28/2016Piper Jaffray CompaniesUpgradeUnderweight -> Neutral$70.00 -> $100.00N/AView Rating Details
11/25/2016MacquarieUpgradeUnderperform -> NeutralN/AView Rating Details
11/25/2016Longbow ResearchUpgradeUnderperform -> NeutralN/AView Rating Details
11/9/2016MizuhoDowngradeBuy -> NeutralN/AView Rating Details
10/27/2016Oppenheimer Holdings Inc.DowngradeOutperform -> Market PerformN/AView Rating Details
10/18/2016Clarkson CapitalUpgradeNeutral -> BuyN/AView Rating Details
9/6/2016Deutsche Bank AGInitiated CoverageHold$90.00N/AView Rating Details
8/23/2016ArgusBoost Price TargetBuy$90.00 -> $98.00N/AView Rating Details
8/22/2016Morgan StanleyBoost Price TargetUnderweight$70.00 -> $76.00N/AView Rating Details
6/2/2016Goldman Sachs Group IncUpgradeNeutral -> Buy$87.00 -> $105.00N/AView Rating Details
5/24/2016Cowen and CompanyUpgradeMarket Perform -> Outperform$50.50N/AView Rating Details
2/22/2016Societe GeneraleLower Price TargetHold$82.00 -> $81.00N/AView Rating Details
2/20/2016William BlairReiterated RatingSell$75.00N/AView Rating Details
1/13/2016Sandler O'NeillDowngradeHoldN/AView Rating Details
11/25/2015S&P Equity ResearchReiterated RatingSellN/AView Rating Details
10/15/2015Avondale PartnersInitiated CoverageOutperform$90.00N/AView Rating Details
7/18/2015Seaport Global SecuritiesBoost Price Target$88.00 -> $94.00N/AView Rating Details
(Data available from 3/29/2015 forward)


Earnings History for Deere & Company (NYSE:DE)
Earnings by Quarter for Deere & Company (NYSE:DE)
Earnings History by Quarter for Deere & Company (NYSE:DE)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
2/17/2017Q1 2017$0.54$0.61$4.59 billion$4.70 billionViewN/AView Earnings Details
11/23/2016Q416$0.40$0.90$6.52 billionViewN/AView Earnings Details
8/19/2016Q316$0.94$1.55$6.72 billionViewN/AView Earnings Details
5/20/2016Q216$1.48$1.56$7.88 billionViewListenView Earnings Details
2/19/2016Q116$0.70$0.80$4.94 billion$5.53 billionViewListenView Earnings Details
11/25/2015Q415$0.75$1.08$5.93 billionViewN/AView Earnings Details
8/21/2015Q315$1.44$1.53$6.84 billionViewN/AView Earnings Details
5/22/2015Q215$1.57$2.03$8.17 billionViewListenView Earnings Details
2/20/2015Q115$0.83$1.12$5.54 billion$5.61 billionViewN/AView Earnings Details
11/26/2014Q414$1.57$1.83$8.04 billionViewN/AView Earnings Details
8/13/2014Q3$2.20$2.33$8.75 million$9.50 billionViewListenView Earnings Details
5/14/2014Q214$2.48$2.65$9.65 billion$9.95 billionViewN/AView Earnings Details
2/11/2014Q114$1.52$1.81$6.62 billion$7.65 billionViewN/AView Earnings Details
11/20/2013Q413$1.89$2.11$8.68 billion$8.62 billionViewListenView Earnings Details
8/14/2013Q3 2013$2.17$2.56$9.28 billion$10.01 billionViewN/AView Earnings Details
5/15/2013Q2 2013$2.72$2.76$9.81 billion$10.91 billionViewListenView Earnings Details
2/13/2013Q1 2013$1.40$1.65$6.72 billion$7.42 billionViewListenView Earnings Details
11/21/20121.75$1.75$9.79 billionViewN/AView Earnings Details
8/15/2012$2.32$1.98ViewN/AView Earnings Details
5/16/2012$2.54$2.61ViewN/AView Earnings Details
2/15/2012$1.24$1.30ViewN/AView Earnings Details
11/23/2011$1.43$1.62ViewN/AView Earnings Details
8/17/2011$1.67$1.69ViewN/AView Earnings Details
5/18/2011$2.06$2.12ViewN/AView Earnings Details
2/16/2011$0.99$1.20ViewN/AView Earnings Details
(Data available from 1/1/2011 forward)


Earnings Estimates for Deere & Company (NYSE:DE)
Current Year EPS Consensus Estimate: $4.79 EPS
Next Year EPS Consensus Estimate: $5.54 EPS
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20163$0.70$0.82$0.75
Q2 20162$1.47$1.75$1.61
Q3 20163$0.90$1.20$1.03
Q4 20163$0.38$0.64$0.50
Q1 20173$0.46$0.55$0.49
Q2 20173$1.59$1.65$1.61
Q3 20173$1.30$1.66$1.49
Q4 20173$1.04$1.05$1.04
(Data provided by Zacks Investment Research)


Current Dividend Information for Deere & Company (NYSE:DE)
Next Dividend:5/1/2017
Annual Dividend:$2.40
Dividend Yield:2.22%
Dividend Growth:6.40% (3 Year Average)
Payout Ratio:49.90% (Trailing 12 Months of Earnings)
50.10% (Based on This Year's Estimates)
43.32% (Based on Next Year's Estimates)
Dividend Payments by Quarter for Deere & Company (NYSE:DE)

Dividend History by Quarter for Deere & Company (NYSE:DE)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
(Data available from 1/1/2013 forward)

Insider Trades

Insider Trading and Institutional Ownership History for Deere & Company (NYSE:DE)
Insider Ownership Percentage: 0.75%
Institutional Ownership Percentage: 71.09%
Insider Trades by Quarter for Deere & Company (NYSE:DE)
Institutional Ownership by Quarter for Deere & Company (NYSE:DE)
Insider Trades by Quarter for Deere & Company (NYSE:DE)
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
2/28/2017Cory J ReedInsiderSell3,665$110.00$403,150.00View SEC Filing  
2/22/2017Cory J ReedInsiderSell1,829$108.78$198,958.62View SEC Filing  
2/22/2017Samuel R AllenCEOSell28,808$109.40$3,151,595.20View SEC Filing  
12/1/2016James M FieldInsiderSell49,964$101.67$5,079,839.88View SEC Filing  
11/25/2016Max A GuinnInsiderSell36,402$102.94$3,747,221.88View SEC Filing  
11/23/2016John C May IIInsiderSell18,614$96.46$1,795,506.44View SEC Filing  
12/2/2015Rajesh KalathurCFOSell4,366$79.52$347,184.32View SEC Filing  
6/30/2015Jean H GillesSVPSell4,463$98.21$438,311.23View SEC Filing  
6/30/2015Max A GuinnInsiderSell14,374$97.32$1,398,877.68View SEC Filing  
6/26/2015James M FieldInsiderSell28,228$95.07$2,683,635.96View SEC Filing  
6/11/2015Max A GuinnInsiderSell12,251$93.00$1,139,343.00View SEC Filing  
3/23/2015Mary K.W. JonesVPSell7,000$90.00$630,000.00View SEC Filing  
3/16/2015Mary K.W. JonesVPSell3,484$89.44$311,608.96View SEC Filing  
2/24/2015Pentz Markwart VonInsiderSell13,911$90.94$1,265,066.34View SEC Filing  
5/29/2014Rajesh KalathurCFOSell4,860$90.96$442,065.60View SEC Filing  
5/19/2014John May IIInsiderSell4,571$90.75$414,818.25View SEC Filing  
4/8/2014Jean GillesSVPSell13,100$92.74$1,214,894.00View SEC Filing  
4/4/2014James FieldInsiderSell13,380$92.56$1,238,452.80View SEC Filing  
4/4/2014Jean GillesSVPSell9,550$92.72$885,476.00View SEC Filing  
4/3/2014Samuel AllenCEOSell32,371$92.02$2,978,779.42View SEC Filing  
8/23/2013Rajesh KalathurCFOSell4,672$82.99$387,729.28View SEC Filing  
1/22/2013James R JenkinsSVPSell17,257$91.91$1,586,090.87View SEC Filing  
(Data available from 1/1/2013 forward)


Headline Trends for Deere & Company (NYSE:DE)
Latest Headlines for Deere & Company (NYSE:DE)
DateHeadline logoDeere & Company's (DE) "Positive" Rating Reiterated at Citigroup Inc - March 28 at 12:28 PM logoWhy Caterpillar still ranks high among nation's most reputable companies - March 28 at 12:16 PM logoDeere Stock Trades Ex-Dividend Wednesday (DE) - March 28 at 12:16 PM logoSell Deere? Not So Fast - March 28 at 12:16 PM logoDeere Stock Trades Ex-Dividend Wednesday - March 28 at 12:16 PM logoEx-Dividend Reminders Include Deere & Company (DE) - March 28 at 7:53 AM logoEx-Dividend Reminders Include Deere & Company (DE) - March 28 at 7:41 AM logoDeere & Company (DE) Upgraded at Vetr Inc. - March 28 at 12:36 AM logoDeere & Company (DE) Stock Rating Reaffirmed by Royal Bank of Canada - March 26 at 6:00 PM logoDeere & Company (DE) Given Average Recommendation of "Hold" by Brokerages - March 24 at 1:32 PM logoDeere & Company (DE) Receives Hold Rating from Royal Bank of Canada - March 23 at 9:31 PM logoBest Warren Buffett: Sell Deere & Co. At The Top - March 23 at 5:16 PM logoTractor Hack: Farmers are harnessing hacked software for John Deere repairs - March 23 at 5:16 PM logoCaptive finance in the DE vs. CAT equation - Seeking Alpha - March 22 at 4:49 PM logoAgricultural Robots Market is Expected to Reach $12.80 Billion by 2022, with Deere & Company, AgJunction, AGCO Corporation, DJI, Lely Holding & Agribotix LLC Dominating ... - March 21 at 8:07 AM logoHow OnGolf is bringing data analytics to the golf course - March 20 at 7:51 PM logoTenneco Earns Recognition as a John Deere Partner-Level Supplier and Supplier of the Year - March 16 at 6:03 PM logoNew CEO of Russia's Alrosa committed to diamond miner's strategy - March 16 at 6:03 PM logoInstant Analysis: Deere & Company's Retail Sales - Motley Fool - March 15 at 10:07 PM logoWatch for Breakouts in These Stocks, Up or Down (MSFT, DE) - March 15 at 5:07 PM logoDeere is named one of World's Most Ethical Companies for 11th consecutive year - March 15 at 5:07 PM logoWatch for Breakouts in These Stocks, Up or Down - March 15 at 5:07 PM logoInstant Analysis: Deere & Company's Retail Sales - March 15 at 11:15 AM logo'The Old John Deere' Makes Way For New Tech With Precision Farming Platforms - March 13 at 12:12 PM logoJohn Deere and BMW designed a hybrid backhoe - March 9 at 5:15 PM logoDeere (DE) Upgraded to Strong Buy on Encouraging Outlook - March 9 at 5:15 PM logoHere's Why Deere & Company's Management is Doing a Good Job - Motley Fool - March 8 at 5:27 PM logoJohn Deere Floats Drones as the Next Big Tool for Construction Workers - March 7 at 9:38 PM logoJohn Deere and Kespry Enter Strategic Alliance to Simplify Drone Integration on Construction Job Sites - March 7 at 9:38 PM logoDeere CEO on infrastructure, Trump & CAT - March 7 at 4:36 PM logoPost Earnings Coverage as Deere's Q1 Results Topped Market Forecasts - March 7 at 12:02 PM logoHere's Why Deere & Company's Management is Doing a Good Job - March 6 at 10:14 AM logoFarm & Construction Machinery Stocks on Investors' Radar -- Deere, Manitowoc, CNH Industrial, and Joy Global - March 3 at 4:46 PM logoDEERE & CO Files SEC form 8-K, Regulation FD Disclosure - March 3 at 4:46 PM logoCaterpillar: Big Trouble In Little Peoria - March 3 at 4:46 PM logoDEERE & CO Financials - March 2 at 10:00 PM logoWhy the Deere & Company Rally Looks Like It Can Last (DE) - March 1 at 1:10 PM logoBull of the Day: Deere (DE) - March 1 at 1:10 PM logoWhy the Deere & Company Rally Looks Like It Can Last (DE) - March 1 at 10:15 AM logoDicom earns highest recognition for the 2nd year as a John Deere "Partner-Level Supplier" - February 28 at 4:53 PM logoDeere & Co. :DE-US: Earnings Analysis: Q1, 2017 By the Numbers : February 28, 2017 - February 28 at 4:53 PM logoWhy Deere & Company (DE) Stock Might be a Great Pick - February 27 at 7:42 PM logoDEERE & CO Files SEC form 8-K, Submission of Matters to a Vote of Security Holders - February 27 at 7:42 PM logoDEERE & CO Files SEC form 10-Q, Quarterly Report - February 24 at 11:58 AM


Frequently Asked Questions for Deere & Company (NYSE:DE)

What is Deere & Company's stock symbol?

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

How often does Deere & Company pay dividends? What is the dividend yield for Deere & Company?

Deere & Company announced a quarterly dividend on Wednesday, February 22nd. Stockholders of record on Friday, March 31st will be paid a dividend of $0.60 per share on Monday, May 1st. This represents a $2.40 annualized dividend and a dividend yield of 2.22%. The ex-dividend date is Wednesday, March 29th.

How were Deere & Company's earnings last quarter?

Deere & Company (NYSE:DE) posted its earnings results on Friday, February, 17th. The company reported $0.61 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of $0.54 by $0.07. The business had revenue of $4.70 billion for the quarter, compared to analyst estimates of $4.59 billion. Deere & Company had a net margin of 5.72% and a return on equity of 21.97%. Deere & Company's revenue was down 1.5% on a year-over-year basis. During the same quarter last year, the business posted $0.80 earnings per share.

When will Deere & Company make its next earnings announcement?

Deere & Company is scheduled to release their next quarterly earnings announcement on Friday, May, 19th 2017.

What guidance has Deere & Company issued on next quarter's earnings?

Deere & Company updated its FY15 earnings guidance on Friday, February, 20th. The company provided earnings per share guidance of $1.8 bln for the period, compared to the Thomson Reuters consensus EPS estimate of $5.51. The company issued revenue guidance of -17% to ~$27.36 billion, compared to the consensus revenue estimate of $28.40 billion.

Where is Deere & Company's stock going? Where will Deere & Company's stock price be in 2017?

24 brokers have issued 12-month price targets for Deere & Company's stock. Their predictions range from $50.50 to $132.00. On average, they expect Deere & Company's share price to reach $99.08 in the next twelve months.

What are analysts saying about Deere & Company stock?

Here are some recent quotes from research analysts about Deere & Company stock:

  • 1. Citigroup Inc analysts commented, "The overall mood from our time with the CEO and CFO of DE was a bit more positive than we expected and supportive of our view that positive estimate revisions can continue. Management noted increased optimism amongst its NA ag dealers, due in part to continued progress on reducing used HHP inventories. DE is producing to retail for large ag for the first time since early 2014. The CEO noted a positive mood among farmers and ag dealers during a recent visit to Brazil and Argentina. DE remains optimistic that its 5-year stretch of net share gains can continue. Commentary on Argentina was equally positive Optimism amongst its NA construction dealers and customers remains high, supported by a strong order rebound. Our sense is DE is taking a more measured approach to build rates We maintain our Buy rating with 3:1 upside trade-off." (3/28/2017)
  • 2. Jefferies Group LLC analysts commented, "DE reported F1Q17 EPS of $0.61, above our $0.55 estimate and Consensus of $0.56. Despite the company's optimistic tone regarding overall demand and middling declines in the retail environment compared to the past two fiscal years, we remain cautious on NA Ag as farmer fundamentals have yet to significantly improve. 2017 guidance was tweaked higher which now calls for up sales of 4% (prior: down ~1%) and $1.5bn (prior: $1.4bn) in income' Our $105 PT assumes 145% EV/Sales and 13.5x EV/EBITDA on FY2017E, above the midpoint of DE's historical averages, which clearly prices in some recovery, in our view. Risks are primarily sudden changes in crop prices, the ability to execute on cost plans and potential distress in the finance business." (2/23/2017)
  • 3. According to Zacks Investment Research, "Deere’s both top-line and bottom-line registered year-over-year decline in first-quarter fiscal 2017, while surpassing the Zacks Consensus Estimate on both counts. Further, the company’s performance will be driven by ongoing success of developing a more durable business model and a wider range of revenue sources. Moreover, it will benefit from the execution of its operating plans and disciplined cost management as well as a broad product portfolio. In the long term, the company stands to gain from favorable trends, supported by increasing population and rising living standards. Further, focusing on investments in new products and geographies remain tailwinds. The company’s stock performed in line with the Zacks sub industry, in the past one year. However, low commodity prices and stagnant farm income will continue to dent Deere’s equipment sales in 2017." (2/22/2017)

Who owns Deere & Company stock?

Deere & Company's stock is owned by a variety of of institutional and retail investors. Top institutional investors include State Street Corp (3.86%), Viking Global Investors LP (2.94%), Franklin Resources Inc. (2.50%), FMR LLC (1.96%), Loomis Sayles & Co. L P (1.84%) and Norges Bank (0.68%). Company insiders that own Deere & Company stock include Cory J Reed, James M Field, Jean H Gilles, John C May II, Max A Guinn, Rajesh Kalathur and Samuel R Allen.

Who sold Deere & Company stock? Who is selling Deere & Company stock?

Deere & Company's stock was sold by a variety of institutional investors in the last quarter, including Franklin Resources Inc., Barrow Hanley Mewhinney & Strauss LLC, Edge Asset Management Inc., Van ECK Associates Corp, Quest Investment Management Inc. OR, Gabelli Funds LLC, Aberdeen Asset Management PLC UK and Willis Investment Counsel. Company insiders that have sold Deere & Company stock in the last year include Cory J Reed, James M Field, John C May II, Max A Guinn and Samuel R Allen.

Who bought Deere & Company stock? Who is buying Deere & Company stock?

Deere & Company's stock was bought by a variety of institutional investors in the last quarter, including Viking Global Investors LP, FMR LLC, Norges Bank, Loomis Sayles & Co. L P, Renaissance Technologies LLC, Asset Management One Co. Ltd., State Street Corp and Fore Research & Management LP.

How do I buy Deere & Company stock?

Shares of Deere & Company can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

How much does a share of Deere & Company stock cost?

One share of Deere & Company stock can currently be purchased for approximately $108.18.

Deere & Company (DE) Chart for Wednesday, March, 29, 2017

This page was last updated on 3/29/2017 by Staff