S&P 500   4,145.19
DOW   32,803.47
QQQ   321.75
China July exports rise, with trade surplus at record-high
Shift in war's front seen as ships cleared to leave Ukraine
What's in Democrats' big bill? Climate, health care, savings
Demand for grocery delivery cools as food costs rise
Transit woes mount for Boston's beleaguered subway riders
Dems push Biden climate, health priorities toward Senate OK
What to Expect from the Markets in a Recession
S&P 500   4,145.19
DOW   32,803.47
QQQ   321.75
China July exports rise, with trade surplus at record-high
Shift in war's front seen as ships cleared to leave Ukraine
What's in Democrats' big bill? Climate, health care, savings
Demand for grocery delivery cools as food costs rise
Transit woes mount for Boston's beleaguered subway riders
Dems push Biden climate, health priorities toward Senate OK
What to Expect from the Markets in a Recession
S&P 500   4,145.19
DOW   32,803.47
QQQ   321.75
China July exports rise, with trade surplus at record-high
Shift in war's front seen as ships cleared to leave Ukraine
What's in Democrats' big bill? Climate, health care, savings
Demand for grocery delivery cools as food costs rise
Transit woes mount for Boston's beleaguered subway riders
Dems push Biden climate, health priorities toward Senate OK
What to Expect from the Markets in a Recession
S&P 500   4,145.19
DOW   32,803.47
QQQ   321.75
China July exports rise, with trade surplus at record-high
Shift in war's front seen as ships cleared to leave Ukraine
What's in Democrats' big bill? Climate, health care, savings
Demand for grocery delivery cools as food costs rise
Transit woes mount for Boston's beleaguered subway riders
Dems push Biden climate, health priorities toward Senate OK
What to Expect from the Markets in a Recession
NYSE:DE

Deere & Company - DE Stock Forecast, Price & News

$343.31
+0.93 (+0.27%)
(As of 08/5/2022 08:48 PM ET)
Add
Compare
Today's Range
$337.32
$344.58
50-Day Range
$289.14
$367.84
52-Week Range
$283.81
$446.76
Volume
917,100 shs
Average Volume
1.94 million shs
Market Capitalization
$104.93 billion
P/E Ratio
17.91
Dividend Yield
1.32%
Price Target
$399.56

Deere & Company MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.65 Rating Score
Upside/​Downside
16.4% 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 5 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 210 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.

Deere & Company Trading Up 0.3 %

Shares of DE Stock traded up $0.93 during mid-day trading on Friday, hitting $343.31. The company's stock had a trading volume of 917,138 shares, compared to its average volume of 1,258,217. The company's fifty day simple moving average is $323.02 and its 200-day simple moving average is $364.68. Deere & Company has a 52 week low of $283.81 and a 52 week high of $446.76. The company has a debt-to-equity ratio of 1.72, a quick ratio of 1.76 and a current ratio of 2.07. The company has a market cap of $104.93 billion, a PE ratio of 17.91, a P/E/G ratio of 1.17 and a beta of 1.10.

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

Deere & Company Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, August 8th. Investors of record on Thursday, June 30th will be given a $1.13 dividend. This represents a $4.52 dividend on an annualized basis and a yield of 1.32%. This is a positive change from Deere & Company's previous quarterly dividend of $1.05. The ex-dividend date is Wednesday, June 29th. Deere & Company's payout ratio is presently 23.58%.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. Cowen cut their target price on Deere & Company from $396.00 to $342.00 in a research note on Thursday, July 7th. Robert W. Baird dropped their price target on Deere & Company from $487.00 to $442.00 and set an "outperform" rating for the company in a research note on Sunday, May 22nd. Oppenheimer dropped their price target on Deere & Company from $419.00 to $365.00 and set an "outperform" rating for the company in a research note on Monday, July 18th. BMO Capital Markets reiterated a "hold" rating and issued a $425.00 price target on shares of Deere & Company in a research note on Friday, May 20th. Finally, Jefferies Financial Group dropped their price target on Deere & Company from $450.00 to $400.00 in a research note on Friday, July 15th. Seven investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. According to data from MarketBeat, Deere & Company presently has an average rating of "Moderate Buy" and an average price target of $399.56.

Insider Activity at Deere & Company

In related news, insider John H. Stone sold 17,145 shares of the business's stock in a transaction dated Thursday, May 26th. The stock was sold at an average price of $4,321.07, for a total value of $74,084,745.15. Following the completion of the sale, the insider now directly owns 21,087 shares of the company's stock, valued at approximately $91,118,403.09. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.24% of the stock is currently owned by corporate insiders.

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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

Ex-Dividend for 5/9 Dividend
3/30/2022
Dividend Payable
5/09/2022
Last Earnings
5/20/2022
Ex-Dividend for 8/8 Dividend
6/29/2022
Today
8/07/2022
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
+16.4%
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
$25.85 per share
Book Value
$59.45 per share

Miscellaneous

Free Float
304,902,000
Market Cap
$104.93 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 equities research analysts have issued "buy," "hold," and "sell" ratings for Deere & Company in the last year. There are currently 6 hold ratings and 11 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" Deere & Company stock.
View analyst ratings for Deere & Company
or view top-rated stocks.

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

17 Wall Street analysts have issued 12-month target prices for Deere & Company's shares. Their DE stock forecasts range from $325.00 to $450.00. On average, they anticipate Deere & Company's stock price to reach $399.56 in the next year. This suggests a possible upside of 16.4% from the stock's current price.
View analysts' price targets for Deere & Company
or view top-rated stocks among Wall Street analysts.

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

Deere & Company's stock was trading at $342.89 on January 1st, 2022. Since then, DE shares have increased by 0.1% and is now trading at $343.31.
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 earnings forecast for Deere & Company
.

How were Deere & Company's earnings last quarter?

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

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

Deere & Company announced a quarterly dividend on Thursday, May 26th. Shareholders 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 1.32%. The ex-dividend date of this dividend is Wednesday, June 29th. This is a boost from Deere & Company's previous quarterly dividend of $1.05.
View Deere & Company's dividend history
.

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%. Deere & 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 of Deere & Company is 23.58%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Deere & Company will have a dividend payout ratio of 17.23% next year. This indicates that Deere & Company will be able to sustain or increase its dividend.
View Deere & Company's dividend history.

What is John May's approval rating as Deere & Company's CEO?

213 employees have rated Deere & Company CEO John May on Glassdoor.com. John May has an approval rating of 78% among Deere & 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 variety of institutional and retail investors. Top institutional shareholders include Parnassus Investments LLC (1.21%), Loomis Sayles & Co. L P (0.70%), Sumitomo Mitsui Trust Holdings Inc. (0.48%), Rothschild & Co Wealth Management UK Ltd (0.40%), Sarasin & Partners LLP (0.22%) and Van ECK Associates Corp (0.14%). Company insiders that own Deere & 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 for Deere & Company
.

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 $343.31.

How much money does Deere & Company make?

Deere & Company (NYSE:DE) has a market capitalization of $104.93 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 Deere & 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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