NYSE:DE

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

$335.36

+22.05 (+7.04%)

(As of 05/23/2022 12:00 AM ET)

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Today's Range: $316.18
▼
$337.27
50-Day Range: $313.31
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$438.45
52-Week Range: $307.64
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$446.76

Volume: 4.28 million shs
Average Volume: 2.13 million shs
Market Capitalization: $102.88 billion

P/E Ratio: 18.59
Dividend Yield: 1.34%
Beta: 1.02

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About Deere & Company

Deere & Company manufactures and distributes various equipment worldwide. The company operates through four segments: Production and Precision Agriculture, Small Agriculture and Turf, Construction and Forestry, and Financial Services. The Production and Precision Agriculture segment provides mid-size tractors, combines, cotton pickers and strippers, sugarcane harvesters, harvesting front-end equipment, sugarcane loaders, pull-behind scrapers, and tillage and seeding equipment, as well as application equipment, including sprayers and nutrient management, and soil preparation machinery for grain growers. The Small Agriculture and Turf segment offers utility tractors, and related loaders and attachments; turf and utility equipment, including riding lawn equipment, commercial mowing equipment, golf course equipment, and utility vehicles, as well as implements for mowing, tilling, snow and debris handling, aerating, residential, commercial, golf, and sports turf care applications; other outdoor power products; and hay and forage equipment. This segment also resells products from other manufacturers. It serves dairy and livestock producers, crop producers, and turf and utility customers. The Construction and Forestry segment provides a range of backhoe loaders, crawler dozers and loaders, four-wheel-drive loaders, excavators, motor graders, articulated dump trucks, landscape and skid-steer loaders, milling machines, pavers, compactors, rollers, crushers, screens, asphalt plants, log skidders, log feller bunchers, log loaders and forwarders, log harvesters, and attachments; and roadbuilding equipment. The Financial Services segment finances sales and leases agriculture and turf, and construction and forestry equipment. It also offers wholesale financing to dealers of the foregoing equipment; and extended equipment warranties, as well as finances retail revolving charge accounts. Deere & Company was founded in 1837 and is headquartered in Moline, Illinois.

May 24, 2022 | marketbeat.com

Two Stocks You Shouldn’t Buy On Post-Earnings Weakness

Price weakness, particularly post-earnings release price weakness in what is otherwise a good, healthy company is often a good time to buy stock. The problem is that all too often bottom-fishing turns into a loss that could have otherwise been avoided.

May 20, 2022 | marketbeat.com

Will John Deere’s Earnings Help to Calm the Markets?

At this point, any bit of good news would have a calming effect on markets. With that in mind, John Deere's earnings report may be a case of the right company at the right time

May 16, 2022 | marketbeat.com

This Week: US retail sales, home sales, Deere & Co. earns

The Commerce Department serves up its monthly tally of U.S. retail sales Tuesday

May 2, 2022 | marketbeat.com

1,000 CNH Industrial workers strike in Iowa, Wisconsin

More than 1,000 workers at CNH Industrial plants in Wisconsin and Iowa have walked out on strike in search of a better deal with the company that makes agriculture and construction equipment

May 2, 2022 | marketbeat.com

1,000 workers go on strike at CNH Industrial equipment maker

More than 1,000 workers at CNH Industrial plants in Wisconsin and Iowa went on strike Monday in search of a better deal with the company that makes agriculture and construction equipment

May 23, 2022 | barrons.com

Deere Stock Plunged Friday. Wall Street Thinks Investors Overreacted.

May 23, 2022 | seekingalpha.com

Deere +7% as analysts say Friday's post-earnings plunge 'overdone'

May 22, 2022 | fool.com

Deere's Profits Double. Investors Sell.

May 22, 2022 | americanbankingnews.com

Deere & Company (NYSE:DE) Stock Rating Reaffirmed by BMO Capital Markets

May 21, 2022 | americanbankingnews.com

Deere & Company (NYSE:DE) Sees Large Volume Increase on Earnings Beat

May 20, 2022 | finance.yahoo.com

Deere & Company: We Believe Deere Is Well Positioned to Fend Off Inflation in the Near Term

May 20, 2022 | finance.yahoo.com

US STOCKS-Wall Street ends mixed after punishing week

May 20, 2022 | finance.yahoo.com

Deere Plunges Most Since 2008 on Supply Chain Snarls, Inflation

See More Headlines

Industry, Sector and Symbol

Stock Exchange: NYSE
Industry: Farm machinery & equipment
Sub-Industry: Construction & Farm Machinery & Heavy Trucks
Sector: Industrial Products
Current Symbol: NYSE:DE
Previous Symbol
CUSIP: 24419910
CIK: 315189
Web: www.deere.com
Phone: (309) 765-8000
Fax: 309-765-5671
Employees: 75,600
Year Founded: 1837

Sales & Book Value

Annual Sales: $44.02 billion
Price / Sales: 2.34
Cash Flow: $23.77 per share
Price / Cash Flow: 14.11
Book Value: $59.45 per share
Price / Book: 5.64

Profitability

EPS (Most Recent Fiscal Year): $18.04
Net Income: $5.96 billion
Net Margins: 12.69%
Pretax Margin: 16.24%
Return on Equity: 33.65%
Return on Assets: 6.98%

Debt

Debt-to-Equity Ratio: 1.84
Current Ratio: 2.25
Quick Ratio: 1.94

Price-To-Earnings

Trailing P/E Ratio: 18.59
Forward P/E Ratio: 14.78
P/E Growth: 1.19

Miscellaneous

Outstanding Shares: 306,784,000
Free Float: 306,048,000
Market Cap: $102.88 billion
Optionable: Optionable

Company Calendar

Ex-Dividend for 5/9 Dividend: 3/30/2022
Dividend Payable: 5/09/2022
Last Earnings: 5/20/2022
Today: 5/23/2022
Next Earnings (Estimated): 8/19/2022
Fiscal Year End: 10/31/2022

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MarketRank^™

Overall MarketRank^™

3.28 out of 5 stars

Industrial Products Sector

12th out of 257 stocks

Farm Machinery & Equipment Industry

1st out of 5 stocks

4.4 Analyst's Opinion

Consensus Rating
Deere & Company has received a consensus rating of Buy. The company's average rating score is 2.71, and is based on 10 buy ratings, 4 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $433.47, Deere & Company has a forecasted upside of 29.3% from its current price of $335.36.
Amount of Analyst Coverage
Deere & Company has been the subject of 12 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

4.5 Community Rank

Outperform Votes
Deere & Company has received 1,120 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Deere & Company has received 524 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Deere & Company has received 68.13% “outperform” votes from our community.

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.

2.5 Dividend Strength

Dividend Yield
Deere & Company pays a meaningful dividend of 1.34%, higher than the bottom 25% of all stocks that pay dividends.
Dividend Growth
Deere & Company has only been increasing its dividend for 1 years.
Dividend Coverage
The dividend payout ratio of Deere & Company is 23.28%. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, Deere & Company will have a dividend payout ratio of 15.66% next year. This indicates that Deere & Company will be able to sustain or increase its dividend.

2.5 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Deere & Company insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $20,173,452.00 in company stock.
Percentage Held by Insiders
Only 0.24% of the stock of Deere & Company is held by insiders.
Percentage Held by Institutions
67.35% of the stock of Deere & Company is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

2.5 Earnings and Valuation

Earnings Growth
Earnings for Deere & Company are expected to grow by 18.20% in the coming year, from $22.69 to $26.82 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Deere & Company is 18.59, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 9.99.
Price to Earnings Ratio vs. Sector
The P/E ratio of Deere & Company is 18.59, which means that it is trading at a less expensive P/E ratio than the Industrial Products sector average P/E ratio of about 23.71.
Price to Earnings Growth Ratio
Deere & Company has a PEG Ratio of 1.19. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
Deere & Company has a P/B Ratio of 5.64. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

Deere & Company (NYSE:DE) Frequently Asked Questions

Is Deere & Company a buy right now?: 14 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Deere & Company in the last twelve months. There are currently 4 hold ratings and 10 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" Deere & Company stock.
View analyst ratings for Deere & Company or view top-rated stocks.
When is Deere & Company's next earnings date?: Deere & Company is scheduled to release its next quarterly earnings announcement on Friday, August 19th 2022.
View our earnings forecast for Deere & Company.
How were Deere & Company's earnings last quarter?: Deere & Company (NYSE:DE) issued its earnings results on Friday, May, 20th. The industrial products company reported $6.81 EPS for the quarter, topping analysts' consensus estimates of $6.71 by $0.10. The industrial products company earned $12.03 billion during the quarter, compared to the consensus estimate of $13.16 billion. Deere & Company had a net margin of 12.69% and a trailing twelve-month return on equity of 33.65%. The firm's revenue for the quarter was up 9.4% on a year-over-year basis. During the same quarter last year, the firm earned $5.68 earnings per share.
View Deere & Company's earnings history.
How often does Deere & Company pay dividends? What is the dividend yield for Deere & Company?: Deere & Company announced a quarterly dividend on Wednesday, February 23rd. Stockholders of record on Thursday, March 31st will be paid a dividend of $1.05 per share on Monday, May 9th. This represents a $4.20 dividend on an annualized basis and a dividend yield of 1.25%. The ex-dividend date is Wednesday, March 30th.
View Deere & Company's dividend history.
Is Deere & Company a good dividend stock?: Deere & Company pays an annual dividend of $4.20 per share and currently has a dividend yield of 1.34%. Deere & Company does not yet have a strong track record of dividend growth. The dividend payout ratio of Deere & Company is 23.28%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Deere & Company will have a dividend payout ratio of 15.66% next year. This indicates that Deere & Company will be able to sustain or increase its dividend.
View Deere & Company's dividend history.
What price target have analysts set for DE?: 14 equities research analysts have issued 12-month price objectives for Deere & Company's stock. Their forecasts range from $400.00 to $472.00. On average, they anticipate Deere & Company's share price to reach $433.47 in the next twelve months. This suggests a possible upside of 29.3% from the stock's current price.
View analysts' price targets for Deere & Company or view top-rated stocks among Wall Street analysts.
Who are Deere & Company's key executives?: Deere & Company's management team includes the following people:
Mr. John C. May II, Chairman, Pres & CEO (Age 53, Pay $9.88M) (LinkedIn Profile)
Mr. Ryan D. Campbell, Sr. VP & CFO (Age 47, Pay $4.16M) (LinkedIn Profile)
Mr. Rajesh Kalathur, Pres of John Deere Financial & Chief Information Officer (Age 54, Pay $4.12M)
Mr. Marc Allen Howze, Group Pres of Lifecycle Solutions & Chief Admin. Officer (Age 59, Pay $4.07M)
Mr. Cory J. Reed, Pres of Worldwide Ag & Turf Division, Production & Precision Ag for Americas and Australia (Age 51, Pay $4.08M) (LinkedIn Profile)
Mr. Jeffrey A. Trahan, VP of Pension Fund & Investments
Mr. Jahmy J. Hindman, Chief Technology Officer
Brent Norwood, Director of Investor Relations
Ms. Mary K. W. Jones, Sr. VP of International Public Affairs & Legal Advisor (Age 54) (LinkedIn Profile)
Ms. Renee A. Mailhot, VP & Chief Compliance Officer
What is John May's approval rating as Deere & Company's CEO?: 213 employees have rated Deere & Company CEO John May on Glassdoor.com. John May has an approval rating of 78% among Deere & Company's employees.
Who are some of Deere & Company's key competitors?: Some companies that are related to Deere & Company include Caterpillar (CAT), PACCAR (PCAR), Cummins (CMI), Westinghouse Air Brake Technologies (WAB), AGCO (AGCO), Toro (TTC), Oshkosh (OSK), Meritor (MTOR), Terex (TEX), Trinity Industries (TRN), Federal Signal (FSS), Lindsay (LNN), Alamo Group (ALG), Greenbrier Companies (GBX) and Titan International (TWI).
View all of DE's competitors.
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 Vanguard Group Inc. (7.07%), BlackRock Inc. (5.95%), State Street Corp (3.68%), Wellington Management Group LLP (2.07%), Loomis Sayles & Co. L P (1.21%) and Parnassus Investments LLC (1.18%). Company insiders that own Deere & 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 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 Loomis Sayles & Co. L P, Viking Global Investors LP, Harding Loevner LP, Rothschild & Co Wealth Management UK Ltd, First Eagle Investment Management LLC, State Street Corp, Prudential Financial Inc., and Capital World Investors. Company insiders that have sold Deere & Company company stock in the last year include Cory J Reed, John C May II, John H Stone, Pentz Markwart Von, and Rajesh Kalathur.
View insider buying and selling activity for Deere & Company or view top insider-selling stocks.
Which major investors are buying Deere & Company stock?: DE stock was purchased by a variety of institutional investors in the last quarter, including Winslow Capital Management LLC, Invesco Ltd., BlackRock Inc., 1832 Asset Management L.P., Nordea Investment Management AB, Capital Wealth Planning LLC, CI Investments Inc., and Aaron Wealth Advisors LLC.
View insider buying and selling activity for Deere & Company or or view top insider-buying stocks.
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 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 $335.36.
How much money does Deere & Company make?: Deere & Company has a market capitalization of $102.88 billion and generates $44.02 billion in revenue each year. The industrial products company earns $5.96 billion in net income (profit) each year or $18.04 on an earnings per share basis.
How many employees does Deere & Company have?: Deere & Company employs 75,600 workers across the globe.
Does Deere & Company have any subsidiaries?: The following companies are subsidiares of Deere & Company: A&I Products, Banco John Deere S.A., Bauer Built Manufacturing, Blue River Technology, 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, Industrias John Deere Argentina S.A., John Deere (China) Investment Co. Ltd., John Deere (Jiamusi) Agricultural Machinery Co. Ltd., John Deere (Ningbo) 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 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, LESCO, Monosem, Motores John Deere S.A. de C.V., NavCom Technology, Ningbo Benye Tractor & Automobile Manufacture Co., Nortrax Inc., 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.
When was Deere & Company founded?: Deere & Company was founded in 1837.
What is Deere & Company's official website?: The official website for Deere & Company is 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 or via fax at 309-765-5671.

This page was last updated on 5/23/2022 by MarketBeat.com Staff

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

About Deere & Company

Headlines

Industry, Sector and Symbol

Sales & Book Value

Profitability

Debt

Price-To-Earnings

Miscellaneous

Company Calendar

Social Links

MarketRank™

Overall MarketRank™

4.4 Analyst's Opinion

4.5 Community Rank

Outperform Votes

Underperform Votes

Community Sentiment

2.5 Dividend Strength

2.5 Company Ownership

2.5 Earnings and Valuation

Deere & Company (NYSE:DE) Frequently Asked Questions

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