Deere & Company - DE Stock Forecast, Price & News

19 Wall Street 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 analysts is that investors should "buy" DE shares.
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19 Wall Street research analysts have issued twelve-month price targets 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 $458.11 in the next twelve months. This suggests a possible upside of 3.7% from the stock's current price.
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Deere & Company's stock was trading at $342.89 at the start of the year. Since then, DE shares have increased by 28.8% and is now trading at $441.81.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, February 16th 2023.
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Deere & Company (NYSE:DE) announced its quarterly earnings results on Wednesday, November, 24th. The industrial products company reported $4.12 earnings per share for the quarter, beating analysts' consensus estimates of $3.90 by $0.22. The industrial products company earned $10.28 billion during the quarter, compared to analyst estimates of $10.48 billion. Deere & Company had a trailing twelve-month return on equity of 37.52% and a net margin of 13.56%. Deere & Company's revenue for the quarter was up 18.7% on a year-over-year basis. During the same period in the prior year, the business posted $2.39 EPS.
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Deere & Company announced a quarterly dividend on Wednesday, August 31st. Investors 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 annualized dividend and a yield of 1.02%. 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 variety 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.
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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 $441.81.

Deere & Company (NYSE:DE) has a market capitalization of $133.35 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.