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S&P 500   4,769.83
DOW   37,689.54
QQQ   409.52
US Navy helicopters fire at Yemen's Houthi rebels and kill several in latest Red Sea shipping attack
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A lithium-ion battery fire in a cargo ship's hold is out after several days of burning
Chief Justice Roberts casts a wary eye on the uses of artificial intelligence in the federal courts
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S&P 500   4,769.83
DOW   37,689.54
QQQ   409.52
US Navy helicopters fire at Yemen's Houthi rebels and kill several in latest Red Sea shipping attack
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A lithium-ion battery fire in a cargo ship's hold is out after several days of burning
Chief Justice Roberts casts a wary eye on the uses of artificial intelligence in the federal courts
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NYSE:DE

Deere & Company (DE) Stock Price, News & Analysis

$399.87
+0.61 (+0.15%)
(As of 12/29/2023 ET)
Compare
Today's Range
$397.76
▼
$400.75
50-Day Range
$359.44
▼
$401.63
52-Week Range
$345.55
▼
$450.00
Volume
1.10 million shs
Average Volume
1.88 million shs
Market Capitalization
$112.07 billion
P/E Ratio
11.54
Dividend Yield
1.47%
Price Target
$443.83
Stock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSocial MediaSustainability

Deere & Company MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.61 Rating Score
Upside/​Downside
11.0% Upside
$443.83 Price Target
Short Interest
Healthy
0.89% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-4.75
Upright™ Environmental Score
News Sentiment
0.65mentions of Deere & Company in the last 14 days
Based on 17 Articles This Week
Insider Trading
Selling Shares
$2.30 M Sold Last Quarter
Proj. Earnings Growth
-0.74%
From $28.50 to $28.29 Per Share

Overall MarketRank™

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

2.40 out of 5 stars

Industrial Products Sector

49th out of 174 stocks

Farm Machinery & Equipment Industry

1st out of 4 stocks

See Top Rated MarketRank™ Stocks Here

DE stock logo

About Deere & Company Stock (NYSE:DE)

Deere & Company, a global leader in manufacturing and distributing agricultural, construction, forestry and turf care equipment, is headquartered in Moline, Illinois. With over 185 years of experience, the company has established a strong reputation for quality and innovation. 

Deere & Company operates through four segments: small agriculture and turf, production and precision agriculture, construction and forestry and financial services. 

The small agriculture and turf segment offers a variety of equipment, including utility tractors, riding lawn equipment, commercial mowing equipment and implements for various outdoor power applications. This segment also resells products from other manufacturers.

The production and precision agriculture segment provides equipment for grain growers, including mid-size tractors, combines, cotton pickers and strippers, sugarcane harvesters and harvesting front-end equipment. It also offers application equipment, such as sprayers, nutrient management systems and soil preparation machinery.

The construction and forestry segment provides various machines and service parts used in earth moving, construction, material handling, road building and timber harvesting. Its products include crawler dozers, backhoe loaders, motor graders, four-wheel-drive loaders, excavators, articulated dump trucks and milling machines, to name a few.

The financial services segment finances sales and leases of agriculture and turf, construction and forestry equipment. It also offers wholesale financing to dealers, extended equipment warranties and retail revolving charge accounts.

Deere & Company is known for its innovative products, including the John Deere Autonomous 8R Tractor, See & Spray and E-Power Backhoe. These technology-enabled products help farmers, construction workers and forestry professionals operate more efficiently and sustainably.

Its logo and slogan reflect the company's commitment to innovation and sustainability. The leaping deer logo has been used for over 155 years and has become synonymous with the company's commitment to quality and reliability. The slogan "Nothing Runs Like a Deere" reflects the company's commitment to building long-lasting and reliable equipment that helps its customers achieve their goals.

Deere & Company has a solid financial position with a global presence. Deere & Company has a vast distribution network and operates in over 160 countries. Its commitment to quality and innovation has earned it a loyal customer base, and it continues to be a leader in the industry.

Deere & Company is a global leader in the manufacturing and distributing of agricultural, construction, forestry and turf care equipment. With a commitment to innovation and sustainability, the company offers customers a wide range of products and services worldwide. 

DE Stock Price History

DE Stock News Headlines

December 18, 2023 | marketbeat.com
The 8 best agricultural ETFs to consider for your portfolio (DE)
Agriculture ETFs involve investing in agriculture commodities such as sugar, corn, soybeans, coffee and wheat. Learn more.
December 31, 2023 | ca.finance.yahoo.com
DE Jan 2024 400.000 put
December 31, 2023 | Behind the Markets (Ad)
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December 31, 2023 | finance.yahoo.com
Those who invested in Deere (NYSE:DE) five years ago are up 183%
December 29, 2023 | msn.com
Hobby Lobby, new pickleball courts and Abbie Grove Elementary coming to Ankeny in 2024
December 28, 2023 | theglobeandmail.com
3 Safe Dividend Stocks For 2024
December 27, 2023 | finance.yahoo.com
Deere (DE) Ascends But Remains Behind Market: Some Facts to Note
December 27, 2023 | benzinga.com
Deere Options Trading: A Deep Dive into Market Sentiment
December 31, 2023 | Behind the Markets (Ad)
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December 27, 2023 | finance.yahoo.com
Deere & Co's Dividend Analysis
December 27, 2023 | finance.yahoo.com
We Ran A Stock Scan For Earnings Growth And Deere (NYSE:DE) Passed With Ease
December 26, 2023 | seekingalpha.com
Deere: Keep This Fundamentally Strong Agricultural Tech Company In Your Watchlist
December 26, 2023 | seekingalpha.com
Deere: More Disappointment Ahead
December 23, 2023 | msn.com
Officials rescue Cape Cod man trapped under John Deere loader bucket
December 23, 2023 | finance.yahoo.com
Is Deere & Company's (NYSE:DE) ROE Of 46% Impressive?
December 22, 2023 | finance.yahoo.com
Why Is Deere (DE) Up 6.1% Since Last Earnings Report?
December 22, 2023 | fool.com
The Surprising Reason Why Costco's $15 Special Dividend Could Be a Big Mistake
December 21, 2023 | benzinga.com
What the Options Market Tells Us About Deere
December 19, 2023 | finance.yahoo.com
Deere Full Year 2023 Earnings: EPS Beats Expectations
December 18, 2023 | benzinga.com
Deere's Options: A Look at What the Big Money is Thinking
December 18, 2023 | finance.yahoo.com
Deere (DE) Gains From Pricing Actions Despite Elevated Costs
December 16, 2023 | finance.yahoo.com
Decoding Deere & Co (DE): A Strategic SWOT Insight
December 14, 2023 | msn.com
John Deere dealer Ripon Farm Services achieves £161m revenue following key investments
December 13, 2023 | benzinga.com
Behind the Scenes of Deere's Latest Options Trends
December 10, 2023 | finance.yahoo.com
Why The 21% Return On Capital At Deere (NYSE:DE) Should Have Your Attention
December 9, 2023 | finance.yahoo.com
6 big dividends & buybacks this week: Mastercard hikes by 15.8%, Broadcom by 14.1%
December 7, 2023 | msn.com
Murphy Tractor and Equipment Company breaks ground in North Platte
See More Headlines
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Company Calendar

Ex-Dividend for 11/8 Dividend
9/28/2023
Dividend Payable
11/08/2023
Last Earnings
11/22/2023
Ex-Dividend for 2/8 Dividend
12/28/2023
Today
12/31/2023
Dividend Payable
2/08/2024
Next Earnings (Estimated)
2/16/2024
Fiscal Year End
10/31/2024
Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange
NYSE
Industry
Farm machinery & equipment
Sub-Industry
Construction & Farm Machinery & Heavy Trucks
Sector
Industrial Products
Current Symbol
NYSE:DE
CUSIP
24419910
CIK
315189
Web
www.deere.com
Phone
(309) 765-8000
Fax
309-765-5671
Employees
83,000
Year Founded
1837

Price Target and Rating

Average Stock Price Target
$443.83
High Stock Price Target
$551.00
Low Stock Price Target
$367.00
Potential Upside/Downside
+11.0%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.61
Research Coverage
18 Analysts

Profitability

EPS (Most Recent Fiscal Year)
$34.66
Trailing P/E Ratio
11.54
Forward P/E Ratio
14.03
P/E Growth
1.16
Net Income
$10.17 billion
Net Margins
16.60%
Pretax Margin
21.25%
Return on Equity
45.91%
Return on Assets
10.23%

Debt

Debt-to-Equity Ratio
1.77
Current Ratio
1.90
Quick Ratio
1.70

Sales & Book Value

Annual Sales
$61.25 billion
Price / Sales
1.83
Cash Flow
$42.27 per share
Price / Cash Flow
9.46
Book Value
$77.75 per share
Price / Book
5.14

Miscellaneous

Outstanding Shares
280,260,000
Free Float
279,526,000
Market Cap
$112.07 billion
Optionable
Optionable
Beta
1.02

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DE Stock Analysis - Frequently Asked Questions

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

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 "moderate buy" DE shares.
View DE analyst ratings or view top-rated stocks.

What is Deere & Company's stock price target for 2024?

18 brokerages have issued 1 year price targets for Deere & Company's stock. Their DE share price targets range from $367.00 to $551.00. On average, they predict the company's share price to reach $443.83 in the next twelve months. This suggests a possible upside of 11.0% from the stock's current price.
View analysts price targets for DE or view top-rated stocks among Wall Street analysts.

How have DE shares performed in 2023?

Deere & Company's stock was trading at $428.76 at the beginning of the year. Since then, DE shares have decreased by 6.7% and is now trading at $399.87.
View the best growth stocks for 2023 here.

Are investors shorting Deere & Company?

Deere & Company saw a decrease in short interest in the month of November. As of November 30th, there was short interest totaling 2,550,000 shares, a decrease of 18.0% from the November 15th total of 3,110,000 shares. Based on an average daily volume of 1,580,000 shares, the short-interest ratio is presently 1.6 days. Currently, 1.0% of the company's shares are short sold.
View Deere & Company's Short Interest.

When is Deere & Company's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Friday, February 16th 2024.
View our DE earnings forecast.

How were Deere & Company's earnings last quarter?

Deere & Company (NYSE:DE) released its earnings results on Wednesday, November, 22nd. The industrial products company reported $8.26 EPS for the quarter, topping analysts' consensus estimates of $7.46 by $0.80. The industrial products company had revenue of $13.80 billion for the quarter, compared to analysts' expectations of $13.64 billion. Deere & Company had a net margin of 16.60% and a trailing twelve-month return on equity of 45.91%. The firm's revenue for the quarter was down 3.8% compared to the same quarter last year. During the same period last year, the firm posted $7.44 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 announced a quarterly dividend on Wednesday, December 6th. Investors of record on Friday, December 29th will be paid a dividend of $1.47 per share on Thursday, February 8th. This represents a $5.88 annualized dividend and a yield of 1.47%. The ex-dividend date is Thursday, December 28th. This is a boost from the stock's previous quarterly dividend of $1.35.
Read our dividend analysis for DE.

Is Deere & Company a good dividend stock?

Deere & Company (NYSE:DE) pays an annual dividend of $5.88 per share and currently has a dividend yield of 1.47%. The company has been increasing its dividend for 3 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 16.96%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, DE will have a dividend payout ratio of 20.78% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for DE.

What ETFs hold Deere & Company's stock?

ETFs with the largest weight of Deere & Company (NYSE:DE) stock in their portfolio include iShares MSCI Agriculture Producers ETF (VEGI), First Trust Indxx Global Agriculture ETF (FTAG), VanEck Agribusiness ETF (MOO), VanEck Future of Food ETF (YUMY), VanEck Natural Resources ETF (HAP), Global X AgTech & Food Innovation ETF (KROP), Mohr Growth ETF (MOHR) and IQ Winslow Focused Large Cap Growth ETF (IWFG).

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).

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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

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
This page (NYSE:DE) was last updated on 12/31/2023 by MarketBeat.com Staff

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