Deere & Company - DE Stock Forecast, Price & News

18 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 11 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" DE shares.
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18 brokers have issued 12-month target prices for Deere & Company's shares. Their DE share price forecasts range from $342.00 to $582.00. On average, they expect the company's stock price to reach $458.11 in the next twelve months. This suggests a possible upside of 2.8% from the stock's current price.
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Deere & Company's stock was trading at $342.89 on January 1st, 2022. Since then, DE shares have increased by 30.0% and is now trading at $445.61.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, February 16th 2023.
View our DE earnings forecast.

Deere & Company (NYSE:DE) issued its quarterly earnings data on Wednesday, November, 24th. The industrial products company reported $4.12 earnings per share for the quarter, beating the consensus estimate of $3.90 by $0.22. The industrial products company had revenue of $10.28 billion for the quarter, compared to analyst estimates of $10.48 billion. Deere & Company had a net margin of 13.56% and a trailing twelve-month return on equity of 37.52%. The company's revenue was up 18.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.39 earnings per share.
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Deere & Company announced a quarterly dividend on Wednesday, August 31st. Shareholders of record on Friday, September 30th will be given a dividend of $1.13 per share on Tuesday, November 8th. This represents a $4.52 dividend on an annualized basis and a dividend yield of 1.01%. The ex-dividend date of this dividend is Thursday, September 29th.
Read our dividend analysis for DE.

Deere & Company (NYSE:DE) pays an annual dividend of $4.52 per share and currently has a dividend yield of 1.02%. 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 19.37%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, DE will have a dividend payout ratio of 15.51% 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 a number of institutional and retail investors. Top institutional investors include Vanguard Group Inc. (7.32%), BlackRock Inc. (6.18%), State Street Corp (3.58%), Nuveen Asset Management LLC (0.99%), Bank of New York Mellon Corp (0.95%) and Barrow Hanley Mewhinney & Strauss LLC (0.56%). 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 $445.61.

Deere & Company (NYSE:DE) has a market capitalization of $134.49 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 75,600 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.