Deere & Company - DE Stock Forecast, Price & News

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.

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.

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.
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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.

The company is scheduled to release its next quarterly earnings announcement on Friday, February 17th 2023.
View our DE earnings forecast.

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.

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.

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.

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.

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 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.

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 $409.38.

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.

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.