NYSE:DEDeere & Company Stock Price, Forecast & News

$152.12

-1.04 (-0.68 %)

(As of 05/29/2020 04:00 PM ET)

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Today's Range

$147.87

Now: $152.12▼

$152.93

50-Day Range

$125.82

MA: $138.34▼

$153.36

52-Week Range

$106.14

Now: $152.12▼

$181.99

Volume2.25 million shs

Average Volume1.83 million shs

Market Capitalization$47.71 billion

P/E Ratio17.25

Dividend Yield1.98%

Beta0.93

Deere & Company manufactures and distributes various equipment worldwide. The company operates through three segments: Agriculture and Turf, Construction and Forestry, and Financial Services. The Agriculture and Turf segment offers agriculture and turf equipment, and related parts, including large, medium, and utility tractors; tractor loaders; combines, cotton pickers, cotton strippers, and sugarcane harvesters; harvesting front-end equipment; sugarcane loaders and pull-behind scrapers; and tillage, seeding, and application equipment. It also provides hay and forage equipment, such as self-propelled forage harvesters and attachments, balers, and mowers; turf and utility equipment, including riding lawn equipment and walk-behind mowers, golf course equipment, utility vehicles, and commercial mowing equipment; integrated agricultural management systems technology and solutions; and other outdoor power products. The Construction and Forestry segment manufactures and distributes backhoe loaders; crawler dozers and loaders; four-wheel-drive loaders; excavators; motor graders; articulated dump trucks; landscape loaders; skid-steer loaders; milling machines; recyclers; slipform pavers; surface miners; asphalt pavers; compactors; tandem and static rollers; mobile crushers and screens; mobile and stationary asphalt plants; and log skidders, loaders, forwarders, and harvesters, as well as feller bunchers and related attachments used in construction, earthmoving, road building, material handling, and timber harvesting applications. The Financial Services segment finances sales and leases agriculture and turf, and construction and forestry equipment. This segment also offers wholesale financing to dealers of the foregoing equipment; finances retail revolving charge accounts; and provides extended equipment warranties. It markets its products through independent retail dealer networks and retail outlets. The company was founded in 1837 and is based in Moline, Illinois.

Beat the Market (BTM) Rank^™

3.3 Analyst's Opinion

Consensus Rating
Deere & Company has received a consensus rating of Buy. The company's average rating score is 2.53, and is based on 11 buy ratings, 7 hold ratings, and 1 sell rating.
Price Target Upside/Downside
According to analysts' consensus price target of $168.63, Deere & Company has a potential upside of 10.9% from its current price of $152.12.
Amount of Analyst Coverage
Deere & Company has been the subject of 10 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

2.6 Community Rank

Outperform Votes
Deere & Company has received 1,044 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Deere & Company has received 966 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Deere & Company has received 51.94% “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.

3.3 Dividend Strength

Dividend Leadership
Deere & Company is a leading dividend payer. It pays a dividend yield of 1.98%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Deere & Company has only been increasing its dividend for 2 years.
Dividend Coverage
The dividend payout ratio of Deere & Company is 30.58 %. 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 37.86 % next year. This indicates that Deere & Company will be able to sustain or increase its dividend.

1.0 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Deere & Company insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 0.70% of the stock of Deere & Company is held by insiders.
Percentage Held by Institutions
66.89% of the stock of Deere & Company is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.9 Earnings and Valuation

Earnings Growth
Earnings for Deere & Company are expected to grow by 35.19% in the coming year, from $5.94 to $8.03 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Deere & Company is 17.25, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 15.12.
Price to Earnings Ratio vs. Sector
The P/E ratio of Deere & Company is 17.25, which means that it is trading at a less expensive P/E ratio than the Industrial Products sector average P/E ratio of about 19.85.
Price to Earnings Growth Ratio
Deere & Company has a PEG Ratio of 3.69. 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 4.02. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Overall Beat the Market Rank^™

2.41 out of 5 stars

Industry, Sector and Symbol

Stock Exchange NYSE

Industry Farm machinery & equipment

Sub-IndustryConstruction & Farm Machinery & Heavy Trucks

SectorIndustrial Products

Current SymbolNYSE:DE

Previous Symbol

CUSIP24419910

CIK315189

Webwww.deere.com

Phone309-765-8000

Debt

Debt-to-Equity Ratio2.89

Current Ratio2.20

Quick Ratio1.95

Price-To-Earnings

Trailing P/E Ratio17.25

Forward P/E Ratio25.61

P/E Growth3.69

Sales & Book Value

Annual Sales$39.26 billion

Price / Sales1.22

Cash Flow$16.41 per share

Price / Cash Flow9.27

Book Value$37.83 per share

Price / Book4.02

Profitability

EPS (Most Recent Fiscal Year)$9.94

Net Income$3.25 billion

Net Margins7.62%

Return on Equity23.01%

Return on Assets3.69%

Miscellaneous

Employees73,500

Outstanding Shares313,620,000

Market Cap$47.71 billion

Next Earnings Date8/21/2020 (Estimated)

OptionableOptionable

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Deere & Company (NYSE:DE) Frequently Asked Questions

How has Deere & Company's stock been impacted by COVID-19 (Coronavirus)?

Deere & Company's stock was trading at $145.88 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, DE stock has increased by 4.3% and is now trading at $152.12. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Deere & Company?

19 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Deere & Company in the last year. There are currently 1 sell rating, 7 hold ratings and 11 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Deere & Company.

When is Deere & Company's next earnings date?

Deere & Company is scheduled to release its next quarterly earnings announcement on Friday, August 21st 2020. View our earnings forecast for Deere & Company.

How were Deere & Company's earnings last quarter?

Deere & Company (NYSE:DE) announced its earnings results on Friday, May, 22nd. The industrial products company reported $2.11 earnings per share for the quarter, beating the Zacks' consensus estimate of $1.62 by $0.49. The industrial products company earned $8.22 billion during the quarter, compared to analysts' expectations of $7.68 billion. Deere & Company had a net margin of 7.62% and a return on equity of 23.01%. The firm's revenue for the quarter was down 19.9% compared to the same quarter last year. During the same period in the prior year, the business earned $3.52 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 declared a quarterly dividend on Wednesday, May 27th. Stockholders of record on Tuesday, June 30th will be given a dividend of $0.76 per share on Monday, August 10th. This represents a $3.04 annualized dividend and a yield of 2.00%. The ex-dividend date of this dividend is Monday, June 29th. View Deere & Company's dividend history.

What price target have analysts set for DE?

19 analysts have issued 1 year price objectives for Deere & Company's stock. Their forecasts range from $140.00 to $210.00. On average, they anticipate Deere & Company's stock price to reach $168.63 in the next twelve months. This suggests a possible upside of 10.9% from the stock's current price. View analysts' price targets for Deere & Company.

Has Deere & Company been receiving favorable news coverage?

News coverage about DE stock has been trending very negative this week, InfoTrie Sentiment reports. InfoTrie identifies positive and negative press coverage by analyzing more than six thousand news and blog sources in real time. The firm ranks coverage of companies on a scale of -5 to 5, with scores closest to five being the most favorable. Deere & Company earned a coverage optimism score of -3.5 on InfoTrie's scale. They also gave news articles about the industrial products company a news buzz of 9.0 out of 10, meaning that recent press coverage is extremely likely to have an effect on the stock's share price in the near term. View the latest news aboutDeere & Company.

Are investors shorting Deere & Company?

Deere & Company saw a increase in short interest in the month of May. As of May 15th, there was short interest totaling 4,810,000 shares, an increase of 6.7% from the April 30th total of 4,510,000 shares. Based on an average daily volume of 2,210,000 shares, the short-interest ratio is currently 2.2 days. Approximately 1.5% of the shares of the stock are short sold. View Deere & Company's Current Options Chain.

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), Toro (TTC), WABCO (WBC), Oshkosh (OSK), AGCO (AGCO), Navistar International (NAV), Trinity Industries (TRN), Federal Signal (FSS), Meritor (MTOR), Alamo Group (ALG), Terex (TEX) and Lindsay (LNN). View all 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), Boeing (BA), NVIDIA (NVDA), Intel (INTC), Walt Disney (DIS), Johnson & Johnson (JNJ), Alibaba Group (BABA), JPMorgan Chase & Co. (JPM), Netflix (NFLX) and Bank of America (BAC).

Who are Deere & Company's key executives?

Deere & Company's management team includes the following people:

Mr. Samuel R. Allen, Chairman & CEO (Age 65)
Mr. John C. May II, Pres & COO (Age 50)
Mr. Rajesh Kalathur, Pres of John Deere Financial & Chief Information Officer (Age 51)
Mr. James M. Field, Pres of Worldwide Construction & Forestry Division and Power Systems (Age 56)
Mr. Ryan D. Campbell, Sr. VP & CFO (Age 44)

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 many different institutional and retail investors. Top institutional investors include BlackRock Inc. (5.72%), Wellington Management Group LLP (5.07%), State Street Corp (3.90%), Capital International Investors (2.36%), Loomis Sayles & Co. L P (2.08%) and Geode Capital Management LLC (1.38%). Company insiders that own Deere & Company stock include James M Field, John C May II, Pentz Markwart Von, Rajesh Kalathur and Samuel R Allen. 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 Capital International Investors, Wellington Management Group LLP, Balyasny Asset Management LLC, BlackRock Inc., Capital World Investors, Loomis Sayles & Co. L P, Two Sigma Advisers LP, and State Street Corp. Company insiders that have sold Deere & Company company stock in the last year include James M Field, John C May II, Pentz Markwart Von, Rajesh Kalathur, and Samuel R Allen. View insider buying and selling activity for Deere & Company.

Which major investors are buying Deere & Company stock?

DE stock was acquired by a variety of institutional investors in the last quarter, including Parnassus Investments CA, Invesco Ltd., Sumitomo Mitsui Trust Holdings Inc., Impax Asset Management Group plc, Advisor Group Holdings Inc., First Trust Advisors LP, Caxton Associates LP, and Bartlett & Co. LLC. View insider buying and selling activity for Deere & Company.

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 Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is Deere & Company's stock price today?

One share of DE stock can currently be purchased for approximately $152.12.

How big of a company is Deere & Company?

Deere & Company has a market capitalization of $47.71 billion and generates $39.26 billion in revenue each year. The industrial products company earns $3.25 billion in net income (profit) each year or $9.94 on an earnings per share basis. Deere & Company employs 73,500 workers across the globe.

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.

This page was last updated on 5/31/2020 by MarketBeat.com Staff