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Deere & Company - DE Stock Forecast, Price & News

$406.06
-0.49 (-0.12%)
(As of 02/3/2023 12:00 AM ET)
Add
Compare
Today's Range
$404.92
$413.71
50-Day Range
$406.55
$445.61
52-Week Range
$283.81
$448.40
Volume
2.28 million shs
Average Volume
1.45 million shs
Market Capitalization
$120.66 billion
P/E Ratio
17.41
Dividend Yield
1.12%
Price Target
$459.05

Deere & Company MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.63 Rating Score
Upside/​Downside
13.0% Upside
$459.05 Price Target
Short Interest
Healthy
0.96% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-4.75
Upright™ Environmental Score
News Sentiment
0.70mentions of Deere & Company in the last 14 days
Based on 17 Articles This Week
Insider Trading
Selling Shares
$10.37 M Sold Last Quarter
Proj. Earnings Growth
4.46%
From $28.01 to $29.26 Per Share

Overall MarketRank

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

2.66 out of 5 stars

Industrial Products Sector

18th out of 175 stocks

Farm Machinery & Equipment Industry

2nd out of 4 stocks

DE stock logo

About Deere & Company (NYSE:DE) Stock

Deere & Co. engages in the manufacture and distribution of equipment used in agriculture, construction, forestry, and turf care. It operates through the following segments: Agriculture and Turf, Construction and Forestry, and Financial Services. The Agriculture and Turf segment focuses on the distribution and manufacture of a full line of agriculture and turf equipment and related service parts. The Construction and Forestry segment offers machines and service parts used in construction, earthmoving, road building, material handling and timber harvesting. The Financial Services segment finances sales and leases by John Deere dealers of new and used agriculture and turf equipment and construction and forestry equipment. The company was founded by John Deere in 1837 and is headquartered in Moline, IL.

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DE Stock News Headlines

Deere, Catepillar, PACCAR, Machinery Stocks You Need to Know
Farm and heavy construction machinery makers fared quite well in 2022. Several of the factors that drove the outperformance remain in place heading into 2023.
John Deere, farm group reach deal on fixing equipment
Equipment manufacturer John Deere and the American Farm Bureau Federation have signed an agreement that ensures farmers and ranchers have the right to repair their own farm equipment
“Future Fuel” will unleash $11 trillion wave of wealth
The next major energy revolution is unfolding right now. And it could hand early investors as much as 46,700% gains…
John Deere, farm grioup reach deal on fixing equipment
Equipment manufacturer John Deere and the American Farm Bureau Federation have signed an agreement that ensures farmers and ranchers have the right to repair their own farm equipment
MarketBeat: Week in Review 12/19 – 12/23 (DE)
Economic data is making investors say Bah Humbug! While you're celebrating this holiday weekend here are some of the top stories from MarketBeat analysts
UAW workers to vote on CNH offer 8 months after strike began
More than 1,000 striking CNH Industrial workers will soon vote on an offer from the maker of construction and agricultural equipment for the first time since they walked off the job eight months ago
Is Deere & Company (NYSE:DE) A High Quality Stock To Own?
4 Stocks With Sales Growth for Guaranteed Returns in 2023
Cash Holders STILL Aren't Taking Steps to Prepare
Stocks are crashing... inflation is through the roof... multiple industries are getting hit hard... Americans are fearful of what might happen to their stock portfolios right now -- and who's to blame them? But former Wall Street money manager Louis Navellier says all it takes is being on the right side of this force driving the massive divide. Take action today and watch his exclusive presentation -- absolutely free of charge -- to see how you should be prepping for this phenomenon.
We're Adding to This Holding Ahead of Earnings
Ball Corp (BALL) Q4 Earnings Miss Estimates, Decrease Y/Y
Caterpillar (CAT) Q4 Earnings Miss Estimates, Sales Beat
Why Deere's Stock Could Continue to Surge
AGCO's Challenge To Deere: The Green Tractors Battle
Silgan (SLGN) Q4 Earnings Top Estimates, Sales Rise Y/Y
See More Headlines
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DE Company Calendar

Ex-Dividend for 11/8 Dividend
9/29/2022
Dividend Payable
11/08/2022
Last Earnings
11/23/2022
Ex-Dividend for 2/8 Dividend
12/29/2022
Today
2/03/2023
Dividend Payable
2/08/2023
Next Earnings (Confirmed)
2/17/2023
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
$459.05
High Stock Price Forecast
$582.00
Low Stock Price Forecast
$342.00
Forecasted Upside/Downside
+13.0%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.63
Research Coverage
19 Analysts

Profitability

Net Income
$7.13 billion
Pretax Margin
17.36%

Debt

Sales & Book Value

Annual Sales
$52.58 billion
Cash Flow
$28.44 per share
Book Value
$67.14 per share

Miscellaneous

Free Float
296,384,000
Market Cap
$120.66 billion
Optionable
Optionable
Beta
1.05

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 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 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 brokerages have issued 1-year target prices for Deere & Company's stock. Their DE share price forecasts range from $342.00 to $582.00. On average, they predict the company's share price to reach $459.05 in the next year. This suggests a possible upside of 12.1% 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 2023. Since then, DE shares have decreased by 4.5% and is now trading at $409.38.
View the best growth stocks for 2023 here
.

Are investors shorting Deere & Company?

Deere & Company saw a decline in short interest during the month of December. As of December 30th, there was short interest totaling 2,690,000 shares, a decline of 13.5% from the December 15th total of 3,110,000 shares. Based on an average trading volume of 1,490,000 shares, the days-to-cover ratio is presently 1.8 days. Approximately 1.0% of the shares of the company 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, February 17th 2023.
View our DE earnings forecast
.

How can I listen to Deere & Company's earnings call?

Deere & Company will be holding an earnings conference call on Friday, February 17th at 10:00 AM Eastern. Interested parties can register for or listen to the call using this link.

How were Deere & Company's earnings last quarter?

Deere & Company (NYSE:DE) released its quarterly earnings data on Wednesday, November, 23rd. The industrial products company reported $7.44 earnings per share for the quarter, topping the consensus estimate of $7.08 by $0.36. The industrial products company had revenue of $14.35 billion for the quarter, compared to the consensus estimate of $13.64 billion. Deere & Company had a net margin of 13.56% and a trailing twelve-month return on equity of 37.52%.
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, December 7th. Stockholders of record on Friday, December 30th will be paid a dividend of $1.20 per share on Wednesday, February 8th. This represents a $4.80 annualized dividend and a dividend yield of 1.17%. The ex-dividend date of this dividend is Thursday, December 29th. This is a positive change from the stock's previous quarterly dividend of $1.13.
Read our dividend analysis for DE
.

Is Deere & Company a good dividend stock?

Deere & Company (NYSE:DE) pays an annual dividend of $4.80 per share and currently has a dividend yield of 1.12%. The company has been increasing its dividend for 2 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 20.57%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, DE will have a dividend payout ratio of 16.40% 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 many different institutional and retail investors. Top institutional investors include Parnassus Investments LLC (1.07%), Sumitomo Mitsui Trust Holdings Inc. (0.47%), Baillie Gifford & Co. (0.39%), Rothschild & Co Wealth Management UK Ltd (0.37%), Fisher Asset Management LLC (0.28%) and Sarasin & Partners LLP (0.23%). 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 $409.38.

How much money does Deere & Company make?

Deere & Company (NYSE:DE) has a market capitalization of $121.65 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 $23.33 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 2/3/2023 by MarketBeat.com Staff