NYSE:DE - Deere & Company Stock Price, News & Analysis

$152.10
-0.29 (-0.19 %)
(As of 08/20/2019 04:00 PM ET)
Today's Range
$151.1184
Now: $152.10
$152.59
50-Day Range
$142.55
MA: $160.24
$171.03
52-Week Range
$128.32
Now: $152.10
$171.22
Volume1.58 million shs
Average Volume2.07 million shs
Market Capitalization$48.22 billion
P/E Ratio16.20
Dividend Yield1.99%
Beta1.1
Deere & Company manufactures and distributes various equipment worldwide. The company operates through three segments: Agriculture and Turf, Construction and Forestry, and Financial Services. The Agriculture and Turf segment offers agriculture and turf equipment, and related parts, including large, medium, and utility tractors; tractor loaders; combines, cotton pickers, cotton strippers, and sugarcane harvesters; harvesting front-end equipment; sugarcane loaders and pull-behind scrapers; and tillage, seeding, and application equipment. Read More…

Industry, Sector and Symbol

Industry Farm machinery & equipment
Sub-IndustryConstruction & Farm Machinery & Heavy Trucks
SectorIndustrial Products
CUSIP24419910
Phone309-765-8000

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$37.36 billion
Cash Flow$15.8438 per share
Book Value$35.10 per share

Profitability

Net Income$2.37 billion

Miscellaneous

Employees74,000
Market Cap$48.22 billion
Next Earnings Date11/20/2019 (Estimated)
OptionableOptionable

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Deere & Company (NYSE:DE) Frequently Asked Questions

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, May 29th. Shareholders of record on Friday, June 28th will be given a dividend of $0.76 per share on Thursday, August 1st. This represents a $3.04 annualized dividend and a dividend yield of 2.00%. The ex-dividend date is Thursday, June 27th. View Deere & Company's Dividend History.

How were Deere & Company's earnings last quarter?

Deere & Company (NYSE:DE) posted its quarterly earnings data on Friday, August, 16th. The industrial products company reported $2.71 earnings per share for the quarter, missing the Zacks' consensus estimate of $2.80 by $0.09. The industrial products company had revenue of $8.97 billion for the quarter, compared to analysts' expectations of $9.38 billion. Deere & Company had a return on equity of 27.75% and a net margin of 8.55%. The company's revenue for the quarter was down 3.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.59 earnings per share. View Deere & Company's Earnings History.

When is Deere & Company's next earnings date?

Deere & Company is scheduled to release their next quarterly earnings announcement on Wednesday, November 20th 2019. View Earnings Estimates for Deere & Company.

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

Deere & Company updated its FY 2019 earnings guidance on Friday, August, 16th. The company provided EPS guidance of for the period. The company issued revenue guidance of $39225.9-39225.9 billion, compared to the consensus revenue estimate of $34.9 billion.

What price target have analysts set for DE?

23 brokerages have issued 1-year price objectives for Deere & Company's shares. Their predictions range from $132.00 to $197.00. On average, they anticipate Deere & Company's stock price to reach $166.0556 in the next twelve months. This suggests a possible upside of 9.2% from the stock's current price. View Analyst Price Targets for Deere & Company.

What is the consensus analysts' recommendation for Deere & Company?

23 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Deere & Company in the last year. There are currently 1 sell rating, 9 hold ratings and 13 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Deere & Company.

What are Wall Street analysts saying about Deere & Company stock?

Here are some recent quotes from research analysts about Deere & Company stock:
  • 1. According to Zacks Investment Research, "For fiscal 2019, Deere projects net sales growth of 7% year over year and net income of $3.6 billion. However, results will bear the brunt of higher costs for raw materials and logistics. Also, elevated expenses due to investments in precision agriculture as well as next-generation product development programs will likely impact margins. The implementation of tariffs and apprehensions regarding stretched out U.S-China trade talks weighed on farmers’ sentiment. Even though the United States Department of Agriculture (“USDA”) expects net farm income to rise 10% to $69.4 billion in 2019, it lagged the 10-year U.S. net farm income average by a wide margin. This weak forecast, along with lower commodity prices, signals continued constrained demand for agricultural equipment in North America, which will likely impact Deere’s results. Also, drought in Europe, weak growth in Argentina and elevated expenses remain concerns." (4/17/2019)
  • 2. Barclays PLC analysts commented, "We just wouldn’t forecast a fact pattern based on one quarter of demand; plus CNH already warned us, no? Besides, the ~5% price increase DE recognized across its businesses is very strong – a number that we recognize could moderate through the year as Construction laps its y/y gains. Tempering our margins back to the company’s 12% ag guide gets us to <15% incrementals and quarterlies at ~20-30%, a level that's well within DE's means, historically speaking.There's top-line risk into 2H, different than peers. What differentiates DE's ag business vs. others is that the slowdown is not on its own due to end market peaking or in some cases, like mining, a mid-cycle demand pause. Instead, we'd see it as a direct result of the political climate, which does add to risk into 2H19 ( 2/1/19), but we see it longer term more in the areas OK Ag."" (2/19/2019)

Has Deere & Company been receiving favorable news coverage?

Media headlines about DE stock have been trending positive on Tuesday, according to InfoTrie Sentiment. The research firm scores the sentiment of press coverage by monitoring more than six thousand blog and news sources in real time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Deere & Company earned a daily sentiment score of 2.5 on InfoTrie's scale. They also gave news articles about the industrial products company a news buzz of 6.0 out of 10, meaning that recent press coverage is somewhat likely to have an effect on the company's share price in the near term. View News Stories for Deere & Company.

Are investors shorting Deere & Company?

Deere & Company saw a decrease in short interest in the month of July. As of July 15th, there was short interest totalling 6,270,000 shares, a decrease of 21.6% from the June 15th total of 7,998,700 shares. Based on an average daily trading volume, of 2,110,000 shares, the days-to-cover ratio is presently 3.0 days. Approximately 2.0% of the shares of the stock are short sold. View Deere & Company's Current Options Chain.

Who are some of Deere & Company's key competitors?

Some companies that are related to Deere & Company include AGCO (AGCO), Arcosa (ACA), Alamo Group (ALG), Lindsay (LNN) and Arts-Way Manufacturing (ARTW).

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), Boeing (BA), JPMorgan Chase & Co. (JPM), NVIDIA (NVDA), Netflix (NFLX), Intel (INTC), Bank of America (BAC), Johnson & Johnson (JNJ), AT&T (T) and Visa (V).

Who are Deere & Company's key executives?

Deere & Company's management team includes the folowing people:
  • Mr. Samuel R. Allen, Chairman & CEO (Age 65)
  • Mr. John C. May II, Pres & COO (Age 50)
  • Mr. Rajesh Kalathur, Pres of John Deere Financial & Chief Information Officer (Age 51)
  • Mr. James M. Field, Pres of Worldwide Construction & Forestry Division and Power Systems (Age 56)
  • Mr. Ryan D. Campbell, Sr. VP & CFO (Age 44)

Who are Deere & Company's major shareholders?

Deere & Company's stock is owned by a variety of of retail and institutional investors. Top institutional investors include Vanguard Group Inc. (7.40%), BlackRock Inc. (5.84%), Generation Investment Management LLP (1.50%), Northern Trust Corp (1.24%), Bank of New York Mellon Corp (1.06%) and Nuveen Asset Management LLC (0.99%). Company insiders that own Deere & Company stock include Cory J Reed, James Andrew Paterson, James M Field, Jean H Gilles, John C May II, Marc A Howze, Mary KW Jones, Max A Guinn, Pentz Markwart Von, Rajesh Kalathur and Samuel R Allen. View Institutional Ownership Trends for Deere & Company.

Which major investors are selling Deere & Company stock?

DE stock was sold by a variety of institutional investors in the last quarter, including Primecap Management Co. CA, Schroder Investment Management Group, Amundi Pioneer Asset Management Inc., Packer & Co Ltd, Pictet Asset Management Ltd., Cidel Asset Management Inc., AMF Pensionsforsakring AB and Van ECK Associates Corp. Company insiders that have sold Deere & Company company stock in the last year include John C May II and Rajesh Kalathur. View Insider Buying and Selling for Deere & Company.

Which major investors are buying Deere & Company stock?

DE stock was acquired by a variety of institutional investors in the last quarter, including Nuveen Asset Management LLC, Parnassus Investments CA, Rockefeller Capital Management L.P., Thoroughbred Financial Services LLC, Invesco Ltd., Fort Washington Investment Advisors Inc. OH, Barrow Hanley Mewhinney & Strauss LLC and Barrow Hanley Mewhinney & Strauss LLC. View Insider Buying and Selling for Deere & Company.

How do I buy shares of Deere & Company?

Shares of DE can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

What is Deere & Company's stock price today?

One share of DE stock can currently be purchased for approximately $152.10.

How big of a company is Deere & Company?

Deere & Company has a market capitalization of $48.22 billion and generates $37.36 billion in revenue each year. The industrial products company earns $2.37 billion in net income (profit) each year or $9.39 on an earnings per share basis. Deere & Company employs 74,000 workers across the globe.View Additional Information About Deere & Company.

What is Deere & Company's official website?

The official website for Deere & Company is http://www.deere.com/.

How can I contact Deere & Company?

Deere & Company's mailing address is ONE JOHN DEERE PLACE, MOLINE IL, 61265. The industrial products company can be reached via phone at 309-765-8000.


MarketBeat Community Rating for Deere & Company (NYSE DE)

Community Ranking:  2.4 out of 5 (star star)
Outperform Votes:  851 (Vote Outperform)
Underperform Votes:  905 (Vote Underperform)
Total Votes:  1,756
MarketBeat's community ratings are surveys of what our community members think about Deere & Company and other stocks. Vote "Outperform" if you believe DE will outperform the S&P 500 over the long term. Vote "Underperform" if you believe DE will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 8/20/2019 by MarketBeat.com Staff

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