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NYSE:DE

Deere & Company - DE Stock Forecast, Price & News

$394.53
+1.52 (+0.39%)
(As of 03/28/2023 02:57 PM ET)
Add
Compare
Today's Range
$392.39
$396.93
50-Day Range
$385.50
$438.20
52-Week Range
$283.81
$448.40
Volume
633,462 shs
Average Volume
1.52 million shs
Market Capitalization
$116.91 billion
P/E Ratio
14.63
Dividend Yield
1.22%
Price Target
$460.81

Deere & Company MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.60 Rating Score
Upside/​Downside
16.4% Upside
$460.81 Price Target
Short Interest
Healthy
0.90% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-4.75
Upright™ Environmental Score
News Sentiment
0.72mentions of Deere & Company in the last 14 days
Based on 28 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
3.14%
From $30.58 to $31.54 Per Share

Overall MarketRank

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

2.61 out of 5 stars

Industrial Products Sector

41st out of 180 stocks

Farm Machinery & Equipment Industry

2nd out of 4 stocks


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. 

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DE Stock News Headlines

Why Wall Street Is Still So Constructive on Aecom Stock (DE)
Several growth drivers along with a reasonable valuation have Wall Street analysts expecting a smooth road ahead for AECOM.
Deere & Company (NYSE:DE) Raises Dividend to $1.25 Per Share
Buy THIS stock before Taiwan is attacked
... If the United States goes to war with another nuclear armed superpower, this could have a devastating impact on your retirement portfolio. Now, even Taiwan's own foreign minister is saying that China is on the cusp of a full scale invasion. But the good news is, if China invades Taiwan, there is a way to protect yourself.
Off-highway Electric Vehicle Market Outlook By 2031
Bull of the Day: Deere & Co. (DE)
Buy THIS stock before Taiwan is attacked
... If the United States goes to war with another nuclear armed superpower, this could have a devastating impact on your retirement portfolio. Now, even Taiwan's own foreign minister is saying that China is on the cusp of a full scale invasion. But the good news is, if China invades Taiwan, there is a way to protect yourself.
Power Lawn Mower Market Size and Forecast till 2031
Electric Agricultural Tractor Market Growth By 2031
DE Stock No Safe Haven In Stock Market Correction
Chart of the Day: Can This Stock Bounce From Here?
See More Headlines
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DE Company Calendar

Ex-Dividend for 2/8 Dividend
12/29/2022
Dividend Payable
2/08/2023
Last Earnings
2/17/2023
Today
3/28/2023
Ex-Dividend for 5/8 Dividend
3/30/2023
Dividend Payable
5/08/2023
Next Earnings (Estimated)
5/19/2023
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
$460.81
High Stock Price Forecast
$582.00
Low Stock Price Forecast
$342.00
Forecasted Upside/Downside
+17.3%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.60
Research Coverage
20 Analysts

Profitability

Net Income
$7.13 billion
Pretax Margin
18.81%

Debt

Sales & Book Value

Annual Sales
$52.58 billion
Cash Flow
$30.41 per share
Book Value
$67.14 per share

Miscellaneous

Free Float
295,552,000
Market Cap
$116.42 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?

20 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Deere & Company in the last year. There are currently 8 hold ratings and 12 buy ratings for the stock. The consensus among Wall Street research 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?

20 equities research analysts have issued 12-month price targets for Deere & Company's shares. Their DE share price forecasts range from $342.00 to $582.00. On average, they anticipate the company's stock price to reach $460.81 in the next year. This suggests a possible upside of 17.3% 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 stock has decreased by 8.4% and is now trading at $392.90.
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 March. As of March 15th, there was short interest totaling 2,670,000 shares, an increase of 17.1% from the February 28th total of 2,280,000 shares. Based on an average daily trading volume, of 1,460,000 shares, the days-to-cover ratio is presently 1.8 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 Friday, May 19th 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, February, 17th. The industrial products company reported $6.55 earnings per share for the quarter, topping the consensus estimate of $5.53 by $1.02. The industrial products company had revenue of $11.40 billion for the quarter, compared to the consensus estimate of $11.14 billion. Deere & Company had a trailing twelve-month return on equity of 41.17% and a net margin of 14.71%. The company's quarterly revenue was up 33.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.92 earnings per share.
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, February 22nd. Stockholders of record on Friday, March 31st will be given a dividend of $1.25 per share on Monday, May 8th. This represents a $5.00 dividend on an annualized basis and a yield of 1.27%. The ex-dividend date of this dividend is Thursday, March 30th. This is a positive change from the stock's previous quarterly dividend of $1.20.
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 1.24%. 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 17.80%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, DE will have a dividend payout ratio of 15.22% 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 a variety of institutional and retail investors. Top institutional investors include Geode Capital Management LLC (1.61%), Morgan Stanley (1.54%), Moneta Group Investment Advisors LLC (1.08%), Parnassus Investments LLC (1.07%), Norges Bank (1.04%) and Legal & General Group Plc (0.60%). 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 $392.90.

How much money does Deere & Company make?

Deere & Company (NYSE:DE) has a market capitalization of $116.42 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 $26.96 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 3/28/2023 by MarketBeat.com Staff