Deere & Company - DE Stock Forecast, Price & News

19 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 13 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" DE shares.
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19 analysts have issued 1-year price objectives for Deere & Company's stock. Their DE share price forecasts range from $325.00 to $447.00. On average, they predict the company's stock price to reach $407.68 in the next year. This suggests a possible upside of 13.2% 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 5.1% and is now trading at $360.29.
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Deere & Company saw a drop in short interest in the month of September. As of September 15th, there was short interest totaling 3,280,000 shares, a drop of 6.3% from the August 31st total of 3,500,000 shares. Based on an average trading volume of 1,460,000 shares, the days-to-cover ratio is currently 2.2 days. Currently, 1.2% of the shares of the stock are short sold.
View Deere & Company's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 23rd 2022.
View our DE earnings forecast.

Deere & Company (NYSE:DE) posted its quarterly earnings data on Friday, August, 19th. The industrial products company reported $6.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $6.64 by $0.48. The industrial products company had revenue of $13 billion for the quarter, compared to analyst estimates of $12.84 billion. Deere & Company had a net margin of 12.75% and a trailing twelve-month return on equity of 33.26%. Deere & Company's revenue was up 24.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $5.32 EPS.
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Deere & Company declared a quarterly dividend on Wednesday, August 31st. Shareholders of record on Friday, September 30th will be paid 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 1.25%. The ex-dividend date 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 1.31%. 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 22.59%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, DE will have a dividend payout ratio of 16.95% 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 retail and institutional investors. Top institutional investors include Park National Corp OH (0.02%), Neville Rodie & Shaw Inc. (0.01%), Burns J W & Co. Inc. NY (0.00%), First Financial Bank Trust Division (0.00%), Csenge Advisory Group (0.00%) and Wedmont Private Capital (0.00%). 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.

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 $360.29.

Deere & Company (NYSE:DE) has a market capitalization of $108.74 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 $20.01 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.