NYSE:DE - Deere & Company Stock Price, News, & Analysis

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$165.97 +3.12 (+1.92 %)
(As of 02/22/2019 04:00 PM ET)
Previous Close$165.97
Today's Range$163.00 - $166.00
52-Week Range$128.32 - $168.31
Volume1.97 million shs
Average Volume2.38 million shs
Market Capitalization$53.09 billion
P/E Ratio17.68
Dividend Yield1.87%
Beta0.89
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.

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Industry, Sector and Symbol

Industry Farm machinery & equipment
Sub-IndustryConstruction & Farm Machinery & Heavy Trucks
SectorIndustrial Products
CUSIP24419910
Phone309-765-8000

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$37.36 billion
Cash Flow$15.8368 per share
Book Value$35.43 per share

Profitability

Net Income$2.37 billion

Miscellaneous

Employees74,000
Market Cap$53.09 billion
Next Earnings Date5/17/2019 (Estimated)
OptionableOptionable

Deere & Company (NYSE:DE) Frequently Asked Questions

What is Deere & Company's stock symbol?

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

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

Deere & Company announced a quarterly dividend on Wednesday, December 5th. Investors of record on Monday, December 31st will be paid a dividend of $0.76 per share on Friday, February 1st. This represents a $3.04 annualized dividend and a yield of 1.83%. The ex-dividend date is Friday, December 28th. This is a boost from Deere & Company's previous quarterly dividend of $0.69. View Deere & Company's Dividend History.

How were Deere & Company's earnings last quarter?

Deere & Company (NYSE:DE) posted its quarterly earnings data on Friday, February, 15th. The industrial products company reported $1.54 earnings per share for the quarter, missing the Zacks' consensus estimate of $1.76 by $0.22. The industrial products company earned $6.94 billion during the quarter, compared to analysts' expectations of $6.83 billion. Deere & Company had a net margin of 8.85% and a return on equity of 28.83%. The firm's revenue was up 16.2% compared to the same quarter last year. During the same period in the previous year, the business earned $1.31 earnings per share. View Deere & Company's Earnings History.

When is Deere & Company's next earnings date?

Deere & Company is scheduled to release their next quarterly earnings announcement on Friday, May 17th 2019. View Earnings Estimates for Deere & Company.

What guidance has Deere & Company issued on next quarter's earnings?

Deere & Company issued an update on its FY 2019 earnings guidance on Friday, February, 15th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $39.973-39.973 billion, compared to the consensus revenue estimate of $35.8 billion.

What price target have analysts set for DE?

19 equities research analysts have issued 1 year price objectives for Deere & Company's stock. Their forecasts range from $145.00 to $209.00. On average, they expect Deere & Company's share price to reach $176.3571 in the next twelve months. This suggests a possible upside of 6.3% from the stock's current price. View Analyst Price Targets for Deere & Company.

What is the consensus analysts' recommendation for Deere & Company?

19 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Deere & Company in the last year. There are currently 6 hold ratings and 13 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Deere & Company.

What are Wall Street analysts saying about Deere & Company stock?

Here are some recent quotes from research analysts about Deere & Company stock:
  • 1. Barclays PLC analysts commented, "We just wouldn’t forecast a fact pattern based on one quarter of demand; plus CNH already warned us, no? Besides, the ~5% price increase DE recognized across its businesses is very strong – a number that we recognize could moderate through the year as Construction laps its y/y gains. Tempering our margins back to the company’s 12% ag guide gets us to <15% incrementals and quarterlies at ~20-30%, a level that's well within DE's means, historically speaking.There's top-line risk into 2H, different than peers. What differentiates DE's ag business vs. others is that the slowdown is not on its own due to end market peaking or in some cases, like mining, a mid-cycle demand pause. Instead, we'd see it as a direct result of the political climate, which does add to risk into 2H19 ( 2/1/19), but we see it longer term more in the areas OK Ag."" (2/19/2019)
  • 2. According to Zacks Investment Research, "For fiscal 2019, Deere anticipates net sales to be up about 7% year over year and projects net income of about $3.6 billion. The Wirtgen acquisition will contribute about 2% to net sales for fiscal 2019. The company will benefit from upbeat agricultural and construction equipment markets. Acquisitions and introduction of advanced technologies in its products will also drive growth. The stock has also outperformed the industry in the past year. Deere remains well placed for growth over the long term, based on steady investments in new products and geographies. Profitability is likely to remain strong, backed by upward trends in population and urbanization growth, along with continued income growth and dietary improvements." (2/14/2019)

Has Deere & Company been receiving favorable news coverage?

Media coverage about DE stock has been trending somewhat positive recently, according to InfoTrie. The research firm identifies negative and positive media coverage by reviewing more than six thousand news and blog sources. The firm ranks coverage of public companies on a scale of negative five to five, with scores closest to five being the most favorable. Deere & Company earned a coverage optimism score of 0.8 on InfoTrie's scale. They also assigned news articles about the industrial products company a news buzz of 1.0 out of 10, meaning that recent media coverage is extremely unlikely to have an effect on the stock's share price in the near term.

Who are some of Deere & Company's key competitors?

Some companies that are related to Deere & Company include AGCO (AGCO), Arcosa (ACA), Alamo Group (ALG), Lindsay (LNN) and Arts-Way Manufacturing (ARTW).

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), Intel (INTC), JPMorgan Chase & Co. (JPM), Bank of America (BAC), NVIDIA (NVDA), Netflix (NFLX), Home Depot (HD), Johnson & Johnson (JNJ) and General Electric (GE).

Who are Deere & Company's key executives?

Deere & Company's management team includes the folowing people:
  • Mr. Samuel R. Allen, Chairman & CEO (Age 65)
  • Mr. Rajesh Kalathur, Sr. VP, CFO & Chief Information Officer (Age 51)
  • Mr. James M. Field, Pres of Worldwide Construction & Forestry Division and Power Systems (Age 56)
  • Mr. John C. May II, Pres of Worldwide Agri. & Turf Div., Global Harvst & Turf Platforms, Ag Sol., America & Aus (Age 50)
  • Mr. Jeffrey A. Trahan, VP of Pension Fund & Investments

Who are Deere & Company's major shareholders?

Deere & Company's stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (5.77%), Oregon Public Employees Retirement Fund (1.63%), Northern Trust Corp (1.21%), Bank of New York Mellon Corp (1.19%), Geode Capital Management LLC (1.14%) and Findlay Park Partners LLP (0.57%). Company insiders that own Deere & Company stock include Cory J Reed, James Andrew Paterson, James M Field, Jean H Gilles, John C May II, Marc A Howze, Mary KW Jones, Max A Guinn, Pentz Markwart Von, Rajesh Kalathur and Samuel R Allen. View Institutional Ownership Trends for Deere & Company.

Which institutional investors are selling Deere & Company stock?

DE stock was sold by a variety of institutional investors in the last quarter, including Millennium Management LLC, Canada Pension Plan Investment Board, Voloridge Investment Management LLC, KBC Group NV, Sumitomo Mitsui Asset Management Company LTD, Toronto Dominion Bank, Rothschild & Co. Asset Management US Inc. and Bank of Montreal Can. Company insiders that have sold Deere & Company company stock in the last year include Jean H Gilles, John C May II, Rajesh Kalathur and Samuel R Allen. View Insider Buying and Selling for Deere & Company.

Which institutional investors are buying Deere & Company stock?

DE stock was acquired by a variety of institutional investors in the last quarter, including Oregon Public Employees Retirement Fund, Packer & Co Ltd, Standard Life Aberdeen plc, Findlay Park Partners LLP, Royal London Asset Management Ltd., Fort Washington Investment Advisors Inc. OH, Geode Capital Management LLC and Chiron Investment Management LLC. View Insider Buying and Selling 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, Scottrade, Fidelity and Charles Schwab.

What is Deere & Company's stock price today?

One share of DE stock can currently be purchased for approximately $165.97.

How big of a company is Deere & Company?

Deere & Company has a market capitalization of $53.09 billion and generates $37.36 billion in revenue each year. The industrial products company earns $2.37 billion in net income (profit) each year or $9.39 on an earnings per share basis. Deere & Company employs 74,000 workers across the globe.

What is Deere & Company's official website?

The official website for Deere & Company is http://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.


MarketBeat Community Rating for Deere & Company (NYSE DE)

Community Ranking:  2.3 out of 5 (star star)
Outperform Votes:  756 (Vote Outperform)
Underperform Votes:  867 (Vote Underperform)
Total Votes:  1,623
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.
This page was last updated on 2/23/2019 by MarketBeat.com Staff

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