Deere & Company - DE Stock Forecast, Price & News

21 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Deere & Company in the last year. There are currently 8 hold ratings and 13 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" DE shares.
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21 equities research analysts have issued 12-month target prices for Deere & Company's stock. Their DE share price forecasts range from $342.00 to $582.00. On average, they expect the company's share price to reach $459.86 in the next year. This suggests a possible upside of 15.1% from the stock's current price.
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Deere & Company's stock was trading at $428.76 on January 1st, 2023. Since then, DE shares have decreased by 6.8% and is now trading at $399.48.
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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 volume of 1,460,000 shares, the days-to-cover ratio is currently 1.8 days. Currently, 0.9% of the shares of the company are sold short.
View Deere & Company's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Friday, May 19th 2023.
View our DE earnings forecast.

Deere & Company (NYSE:DE) released its earnings results on Friday, February, 17th. The industrial products company reported $6.55 earnings per share for the quarter, beating the consensus estimate of $5.53 by $1.02. The industrial products company earned $11.40 billion during the quarter, compared to analyst estimates of $11.14 billion. Deere & Company had a net margin of 14.71% and a trailing twelve-month return on equity of 41.17%. Deere & Company's quarterly revenue was up 33.7% on a year-over-year basis. During the same period last year, the business posted $2.92 earnings per share.
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Deere & Company announced a quarterly dividend on Wednesday, February 22nd. Shareholders 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 annualized dividend and a dividend yield of 1.25%. The ex-dividend date is Thursday, March 30th. This is a boost from the stock's previous quarterly dividend of $1.20.
Read our dividend analysis for DE.

ETFs with the largest weight of Deere & Company (NYSE:DE) stock in their portfolio include iShares MSCI Agriculture Producers ETF (VEGI), First Trust Indxx Global Agriculture ETF (FTAG), VanEck Agribusiness ETF (MOO), ClearBridge Focus Value ESG ETF (CFCV), VanEck Natural Resources ETF (HAP), VanEck Future of Food ETF (YUMY), IQ Winslow Focused Large Cap Growth ETF (IWFG) and Engine No. 1 Transform Climate ETF (NETZ).

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.

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.

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).

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

Deere & Company's stock is owned by many different institutional and retail investors. Top institutional shareholders 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.

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.
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One share of DE stock can currently be purchased for approximately $399.48.

Deere & Company (NYSE:DE) has a market capitalization of $118.37 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.

The company employs 82,200 workers across the globe.

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.