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NYSE:DE

Deere & Company - DE Stock Forecast, Price & News

$343.71
+0.40 (+0.12%)
(As of 08/8/2022 12:00 AM ET)
Add
Compare
Today's Range
$342.80
$349.24
50-Day Range
$289.14
$367.84
52-Week Range
$283.81
$446.76
Volume
952,488 shs
Average Volume
1.93 million shs
Market Capitalization
$105.05 billion
P/E Ratio
17.93
Dividend Yield
1.32%
Price Target
$399.56

Deere & Company MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.65 Rating Score
Upside/​Downside
16.2% Upside
$399.56 Price Target
Short Interest
Healthy
1.01% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-4.75
Upright™ Environmental Score
News Sentiment
0.16mentions of Deere & Company in the last 14 days
Based on 4 Articles This Week
Insider Trading
Selling Shares
$74.08 M Sold Last Quarter
Proj. Earnings Growth
12.62%
From $23.30 to $26.24 Per Share

Overall MarketRank

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

2.82 out of 5 stars

Industrial Products Sector

23rd out of 213 stocks

Farm Machinery & Equipment Industry

3rd out of 5 stocks

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.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on DE shares. Barclays cut their price objective on shares of Deere & Company from $415.00 to $400.00 and set an "overweight" rating on the stock in a research report on Monday, May 23rd. Citigroup upgraded Deere & Company from a "neutral" rating to a "buy" rating and decreased their price objective for the company from $435.00 to $340.00 in a report on Thursday, July 7th. Cowen reduced their price target on Deere & Company from $396.00 to $342.00 in a research report on Thursday, July 7th. Robert W. Baird lowered their price target on Deere & Company from $487.00 to $442.00 and set an "outperform" rating on the stock in a research report on Sunday, May 22nd. Finally, Morgan Stanley decreased their target price on shares of Deere & Company from $452.00 to $416.00 and set an "overweight" rating for the company in a research note on Monday, July 18th. Seven analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Deere & Company has a consensus rating of "Moderate Buy" and a consensus price target of $399.56.

Deere & Company Price Performance

DE Stock traded up $1.50 during mid-day trading on Monday, hitting $344.81. The stock had a trading volume of 24,991 shares, compared to its average volume of 1,937,372. The firm has a fifty day simple moving average of $323.02 and a 200 day simple moving average of $364.66. The firm has a market capitalization of $105.39 billion, a P/E ratio of 17.91, a P/E/G ratio of 1.17 and a beta of 1.10. The company has a current ratio of 2.07, a quick ratio of 1.76 and a debt-to-equity ratio of 1.72. Deere & Company has a 52 week low of $283.81 and a 52 week high of $446.76.

Deere & Company (NYSE:DE - Get Rating) last announced its quarterly earnings data on Friday, May 20th. The industrial products company reported $6.81 EPS for the quarter, beating the consensus estimate of $6.65 by $0.16. The business had revenue of $12.03 billion during the quarter, compared to the consensus estimate of $13.16 billion. Deere & Company had a net margin of 12.99% and a return on equity of 33.58%. The company's revenue was up 9.4% on a year-over-year basis. During the same period in the previous year, the business earned $5.68 earnings per share. As a group, research analysts forecast that Deere & Company will post 23.3 EPS for the current year.

Deere & Company Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, August 8th. Investors of record on Thursday, June 30th will be paid a $1.13 dividend. The ex-dividend date of this dividend is Wednesday, June 29th. This is a positive change from Deere & Company's previous quarterly dividend of $1.05. This represents a $4.52 annualized dividend and a yield of 1.31%. Deere & Company's dividend payout ratio (DPR) is 23.58%.

Insider Buying and Selling at Deere & Company

In related news, insider John H. Stone sold 17,145 shares of the stock in a transaction that occurred on Thursday, May 26th. The shares were sold at an average price of $4,321.07, for a total value of $74,084,745.15. Following the completion of the transaction, the insider now owns 21,087 shares of the company's stock, valued at approximately $91,118,403.09. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Company insiders own 0.24% of the company's stock.

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DE Stock News Headlines

UAW rescinds strike pay increase at annual convention
Members of the United Auto Workers union have rescinded an increase in strike pay that had been approved earlier in their annual convention
UAW boosts strike pay for workers amid spate of walkouts
The United Auto Workers union is increasing the strike pay it offers workers who walk off the job for the second time this year following a spate of strikes amid the ongoing worker shortages nationwide
Is Deere & Company a Sure Bet for Dividend Investors?
Deere invests in Hello Tractor
John Deere invests in Hello Tractor
Is Trending Stock Deere & Company (DE) a Buy Now?
Deere: Taking Care
Extreme Heat Is Taking Its Toll on Crops
See More Headlines
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DE Company Calendar

Last Earnings
5/20/2022
Ex-Dividend for 8/8 Dividend
6/29/2022
Today
8/08/2022
Dividend Payable
8/08/2022
Next Earnings (Confirmed)
8/19/2022
Fiscal Year End
10/31/2022

Industry, Sector and Symbol

Industry
Farm machinery & equipment
Sub-Industry
Construction & Farm Machinery & Heavy Trucks
CUSIP
24419910
Employees
75,600
Year Founded
1837

Price Target and Rating

Average Stock Price Forecast
$399.56
High Stock Price Forecast
$450.00
Low Stock Price Forecast
$325.00
Forecasted Upside/Downside
+16.2%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.65
Research Coverage
17 Analysts

Profitability

Net Income
$5.96 billion
Pretax Margin
16.30%

Debt

Sales & Book Value

Annual Sales
$44.02 billion
Cash Flow
$25.88 per share
Book Value
$59.45 per share

Miscellaneous

Free Float
304,902,000
Market Cap
$105.05 billion
Optionable
Optionable
Beta
1.10

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DE Stock - Frequently Asked Questions

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

17 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Deere & Company in the last twelve months. There are currently 6 hold ratings and 11 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.

What is Deere & Company's stock price forecast for 2022?

17 equities research analysts have issued 12 month price objectives for Deere & Company's shares. Their DE stock forecasts range from $325.00 to $450.00. On average, they anticipate the company's stock price to reach $399.56 in the next twelve months. This suggests a possible upside of 16.2% from the stock's current price.
View analysts price targets for DE
or view top-rated stocks among Wall Street analysts.

How has Deere & Company's stock performed in 2022?

Deere & Company's stock was trading at $342.89 at the beginning of the year. Since then, DE shares have increased by 0.3% and is now trading at $343.96.
View the best growth stocks for 2022 here
.

When is Deere & Company's next earnings date?

Deere & Company is scheduled to release its next quarterly earnings announcement on Friday, August 19th 2022.
View our DE earnings forecast
.

How were Deere & Company's earnings last quarter?

Deere & Company (NYSE:DE) released its quarterly earnings data on Friday, May, 20th. The industrial products company reported $6.81 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $6.65 by $0.16. The industrial products company had revenue of $12.03 billion for the quarter, compared to analysts' expectations of $13.16 billion. Deere & Company had a trailing twelve-month return on equity of 33.58% and a net margin of 12.99%. Deere & Company's revenue was up 9.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $5.68 earnings per share.
Read the conference call transcript
.

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

Deere & Company declared a quarterly dividend on Thursday, May 26th. Investors of record on Thursday, June 30th will be given a dividend of $1.13 per share on Monday, August 8th. This represents a $4.52 annualized dividend and a yield of 1.31%. The ex-dividend date is Wednesday, June 29th. This is a boost from the stock's previous quarterly dividend of $1.05.
Read our dividend analysis for DE
.

Is Deere & Company a good dividend stock?

Deere & Company (NYSE:DE) pays an annual dividend of $4.52 per share and currently has a dividend yield of 1.32%. 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 23.58%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, DE will have a dividend payout ratio of 17.23% 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 retail and institutional investors. Top institutional investors include Parnassus Investments LLC (1.21%), Loomis Sayles & Co. L P (0.70%), Sumitomo Mitsui Trust Holdings Inc. (0.48%), Baillie Gifford & Co. (0.44%), Rothschild & Co Wealth Management UK Ltd (0.40%) and Sarasin & Partners LLP (0.22%). Insiders that own company stock include Cory J Reed, James M Field, John C May II, John H Stone, Marc A Howze, Mary KW Jones, Pentz Markwart Von, Rajesh Kalathur, Ryan D Campbell, Samuel R Allen 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 $343.96.

How much money does Deere & Company make?

Deere & Company (NYSE:DE) has a market capitalization of $105.13 billion and generates $44.02 billion in revenue each year. The industrial products company earns $5.96 billion in net income (profit) each year or $19.17 on an earnings per share basis.

How many employees does Deere & Company have?

Deere & Company employs 75,600 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

When was Deere & Company founded?

Deere & Company was founded in 1837.

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 8/8/2022 by MarketBeat.com Staff

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