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NYSE:DE

Deere & Company - DE Stock Forecast, Price & News

$420.54
-0.66 (-0.16%)
(As of 01/27/2023 11:36 AM ET)
Add
Compare
Today's Range
$417.67
▼
$422.87
50-Day Range
$408.60
▼
$445.61
52-Week Range
$283.81
▼
$448.40
Volume
283,337 shs
Average Volume
1.32 million shs
Market Capitalization
$124.97 billion
P/E Ratio
18.03
Dividend Yield
1.14%
Price Target
$459.05

Deere & Company MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.63 Rating Score
Upside/​Downside
9.0% Upside
$459.05 Price Target
Short Interest
Healthy
0.96% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-4.75
Upright™ Environmental Score
News Sentiment
0.52mentions of Deere & Company in the last 14 days
Based on 11 Articles This Week
Insider Trading
Selling Shares
$13.87 M Sold Last Quarter
Proj. Earnings Growth
4.13%
From $27.86 to $29.01 Per Share

Overall MarketRank™

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

2.19 out of 5 stars

Industrial Products Sector

12th out of 183 stocks

Farm Machinery & Equipment Industry

2nd out of 4 stocks

See Top Rated MarketRank™ Stocks Here

DE stock logo

About Deere & Company (NYSE:DE) Stock

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.

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DE Stock News Headlines

January 13, 2023 | marketbeat.com
Deere, Catepillar, PACCAR, Machinery Stocks You Need to Know
Farm and heavy construction machinery makers fared quite well in 2022. Several of the factors that drove the outperformance remain in place heading into 2023.
January 9, 2023 | marketbeat.com
John Deere, farm group reach deal on fixing equipment
Equipment manufacturer John Deere and the American Farm Bureau Federation have signed an agreement that ensures farmers and ranchers have the right to repair their own farm equipment
January 27, 2023 | Investing Trends (Ad)
"TAKE THAT, CHINA!" USA Gains in EV Battery Arms Race
Did you know each electric car battery requires 220 pounds of graphite – more than lithium, copper, or aluminum? China enjoyed a "near monopoly" in this vital ingredient... until the U.S. made a blockbuster announcement. Now one little-known company is set to play a crucial role in the booming $7 trillion EV revolution.
January 9, 2023 | marketbeat.com
John Deere, farm grioup reach deal on fixing equipment
Equipment manufacturer John Deere and the American Farm Bureau Federation have signed an agreement that ensures farmers and ranchers have the right to repair their own farm equipment
January 4, 2023 | marketbeat.com
MarketBeat: Week in Review 12/19 – 12/23 (DE)
Economic data is making investors say Bah Humbug! While you're celebrating this holiday weekend here are some of the top stories from MarketBeat analysts
January 3, 2023 | marketbeat.com
UAW workers to vote on CNH offer 8 months after strike began
More than 1,000 striking CNH Industrial workers will soon vote on an offer from the maker of construction and agricultural equipment for the first time since they walked off the job eight months ago
January 27, 2023 | americanbankingnews.com
Deere & Company (NYSE:DE) Receives Consensus Rating of "Moderate Buy" from Analysts
January 26, 2023 | marketwatch.com
Matterport to Make Virtual Replicas of Deere Facilities
January 27, 2023 | Porter & Company (Ad)
Is This The End of Capitalism?
EXPOSED: The establishment plot to disenfranchise and impoverish millions of Americans…
January 25, 2023 | marketwatch.com
Deere & Co. stock falls Wednesday, underperforms market
January 25, 2023 | finance.yahoo.com
Silgan (SLGN) Q4 Earnings Top Estimates, Sales Rise Y/Y
January 24, 2023 | marketwatch.com
Mechanical Planting Equipment Market : Competitive Landscape and Analysis by Recent Trends 2023 to 2028
January 24, 2023 | marketwatch.com
Deere & Co. stock outperforms market on strong trading day
January 22, 2023 | seekingalpha.com
Deere Becomes A Buy
January 20, 2023 | finance.yahoo.com
Why Deere (DE) is a Top Value Stock for the Long-Term
January 19, 2023 | marketwatch.com
Off-Road Vehicle Market 2023 Company Challenges, Latest Advancements, Growth Prediction, and Forecast by 2028
January 18, 2023 | finance.yahoo.com
Amcor (AMCR) Grows Presence in China With MDK Acquisition
January 16, 2023 | finance.yahoo.com
Should You Investigate Deere & Company (NYSE:DE) At US$440?
January 16, 2023 | finance.yahoo.com
Wall Street Books Best Week Since November: 5 Growth Picks
January 14, 2023 | seekingalpha.com
Deere Vs. Kubota: Which Is More Attractive Right Now?
January 13, 2023 | finance.yahoo.com
Zacks Investment Ideas feature highlights: Deere
January 12, 2023 | finance.yahoo.com
3 Keys to Identify the Best Profit Opportunities
January 12, 2023 | finance.yahoo.com
Deere & Company (NYSE:DE) insiders sold US$3.9m worth of stock last year which shareholders may not want to overlook
January 12, 2023 | markets.businessinsider.com
Robert W. Baird Keeps Their Buy Rating on Deere (DE)
January 11, 2023 | msn.com
John Deere will let U.S. farmers repair their own equipment
January 10, 2023 | msn.com
US farm machinery manufacturer John Deere allows farmers the right to repair tractors
January 9, 2023 | msn.com
John Deere, farm group reach deal on right to repair equipment
See More Headlines
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DE Company Calendar

Ex-Dividend for 11/8 Dividend
9/29/2022
Dividend Payable
11/08/2022
Last Earnings
11/23/2022
Ex-Dividend for 2/8 Dividend
12/29/2022
Today
1/27/2023
Dividend Payable
2/08/2023
Next Earnings (Confirmed)
2/17/2023
Fiscal Year End
10/31/2023
Get Stock Alerts

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
CUSIP
24419910
CIK
315189
Web
www.deere.com
Phone
(309) 765-8000
Fax
309-765-5671
Employees
82,200
Year Founded
1837

Price Target and Rating

Average Stock Price Forecast
$459.05
High Stock Price Forecast
$582.00
Low Stock Price Forecast
$342.00
Forecasted Upside/Downside
+9.2%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.63
Research Coverage
19 Analysts

Profitability

EPS (Most Recent Fiscal Year)
$23.33
Trailing P/E Ratio
18.03
Forward P/E Ratio
15.09
P/E Growth
1.25
Net Income
$7.13 billion
Net Margins
13.56%
Pretax Margin
17.36%
Return on Equity
37.52%
Return on Assets
8.38%

Debt

Debt-to-Equity Ratio
1.66
Current Ratio
1.98
Quick Ratio
1.72

Sales & Book Value

Annual Sales
$52.58 billion
Price / Sales
2.38
Cash Flow
$30.41 per share
Price / Cash Flow
13.83
Book Value
$67.14 per share
Price / Book
6.26

Miscellaneous

Outstanding Shares
297,157,000
Free Float
296,384,000
Market Cap
$124.97 billion
Optionable
Optionable
Beta
1.08

Social Links


Key Executives

  • Mr. John C. May IIMr. John C. May II (Age 54)
    Chairman & CEO
    Comp: $9.88M
  • Mr. Rajesh KalathurMr. Rajesh Kalathur (Age 55)
    Chief Information Officer & Pres of John Deere Financial
    Comp: $4.12M
  • Mr. Ryan D. CampbellMr. Ryan D. Campbell (Age 48)
    Pres of Worldwide Construction, Forestry & Power Systems
    Comp: $4.16M
  • Mr. Cory J. ReedMr. Cory J. Reed (Age 52)
    Pres of Worldwide Ag & Turf Division, Production & Precision Ag for Americas and Australia
    Comp: $4.08M
  • Mr. Joshua A. Jepsen (Age 45)
    Sr. VP & CFO
  • 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. JonesMs. Mary K. W. Jones (Age 55)
    Sr. VP of Worldwide Public Affairs & Gen. Counsel
  • Ms. Renee A. Mailhot
    VP & Chief Compliance Officer

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions













DE Stock - Frequently Asked Questions

Should I buy or sell Deere & Company stock right now?

19 Wall Street equities research 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 equities 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?

19 brokerages have issued 1-year price objectives for Deere & Company's stock. Their DE share price forecasts range from $342.00 to $582.00. On average, they anticipate the company's share price to reach $459.05 in the next year. This suggests a possible upside of 9.0% 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 beginning of 2023. Since then, DE stock has decreased by 1.8% and is now trading at $421.20.
View the best growth stocks for 2023 here.

Are investors shorting Deere & Company?

Deere & Company saw a decline in short interest in 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 daily volume of 1,490,000 shares, the days-to-cover ratio is presently 1.8 days. Currently, 1.0% of the shares of the stock are sold short.
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, February 17th 2023.
View our DE earnings forecast.

How can I listen to Deere & Company's earnings call?

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.

How were Deere & Company's earnings last quarter?

Deere & Company (NYSE:DE) released its earnings results on Wednesday, November, 23rd. The industrial products company reported $7.44 earnings per share (EPS) 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 analyst estimates of $13.64 billion. Deere & Company had a trailing twelve-month return on equity of 37.52% and a net margin of 13.56%.
Read the conference call transcript.

How often does Deere & Company pay dividends? What is the dividend yield for Deere & Company?

Deere & Company announced a quarterly dividend on Wednesday, December 7th. Stockholders of record on Friday, December 30th will be given a dividend of $1.20 per share on Wednesday, February 8th. This represents a $4.80 annualized dividend and a yield of 1.14%. The ex-dividend date of this dividend is Thursday, December 29th. This is a boost from the stock's previous quarterly dividend of $1.13.
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 1.16%. 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 16.55% 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 number of institutional and retail investors. Top institutional investors include Baillie Gifford & Co. (0.39%), Rothschild & Co Wealth Management UK Ltd (0.37%), Fifth Third Bancorp (0.08%), Boston Trust Walden Corp (0.08%), Bartlett & Co. LLC (0.07%) and DAVENPORT & Co LLC (0.06%). 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 $421.20.

How much money does Deere & Company make?

Deere & Company (NYSE:DE) has a market capitalization of $125.16 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.

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 1/27/2023 by MarketBeat.com Staff