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NYSE:DE

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

$381.56
-2.13 (-0.56%)
(As of 09/6/2024 ET)
Today's Range
$381.32
$389.00
50-Day Range
$344.84
$391.95
52-Week Range
$340.20
$417.46
Volume
1.67 million shs
Average Volume
1.54 million shs
Market Capitalization
$105.15 billion
P/E Ratio
11.49
Dividend Yield
1.54%
Price Target
$414.11

Deere & Company MarketRank™ Stock Analysis

Analyst Rating
Hold
2.38 Rating Score
Upside/​Downside
8.5% Upside
$414.11 Price Target
Short Interest
Healthy
1.58% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-4.75
Upright™ Environmental Score
News Sentiment
0.68mentions of Deere & Company in the last 14 days
Based on 16 Articles This Week
Insider Trading
Selling Shares
$5.05 M Sold Last Quarter
Proj. Earnings Growth
-9.57%
From $25.09 to $22.69 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

3.45 out of 5 stars

Industrial Products Sector

82nd out of 165 stocks

Farm Machinery & Equipment Industry

4th out of 4 stocks

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

close up to John Deere 6155 tractor vehicle at International Agricultural Exhibition
Deere Rebounds on Earnings Beat, But Uphill Battle Remains
Deere & Company posted top- and bottom-line declines in the latest quarterly report but still beat analyst predictions, as industry-wide challenges remain.
5 Top Stocks to Buy in September
Why billionaires are wiring money to abandoned towns
A new force is brewing in these forgotten towns that could soon turn Appalachia into one of America’s most valuable economic hubs – the beating heart of a new multi-billion-dollar revolution.
Why billionaires are wiring money to abandoned towns
A new force is brewing in these forgotten towns that could soon turn Appalachia into one of America’s most valuable economic hubs – the beating heart of a new multi-billion-dollar revolution.
Deere & Company Announces Quarterly Dividend
Deere (DE) Receives a Buy from Morgan Stanley
Deere (DE) Gets a Buy from Oppenheimer
Is Deere Stock Fully Valued At $380?
See More Headlines
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Company Calendar

Ex-Dividend for 8/8 Dividend
6/28/2024
Dividend Payable
8/08/2024
Last Earnings
8/15/2024
Today
9/07/2024
Fiscal Year End
10/31/2024
Next Earnings (Estimated)
11/27/2024

Industry, Sector and Symbol

Industry
Farm machinery & equipment
Sub-Industry
Construction & Farm Machinery & Heavy Trucks
CUSIP
24419910
Employees
83,000
Year Founded
1837

Price Target and Rating

Average Stock Price Target
$414.11
High Stock Price Target
$486.00
Low Stock Price Target
$360.00
Potential Upside/Downside
+8.4%
Consensus Rating
Hold
Rating Score (0-4)
2.38
Research Coverage
21 Analysts

Profitability

Net Income
$10.17 billion
Pretax Margin
19.22%

Debt

Sales & Book Value

Annual Sales
$54.85 billion
Cash Flow
$41.82 per share
Book Value
$83.70 per share

Miscellaneous

Free Float
274,854,000
Market Cap
$105.23 billion
Optionable
Optionable
Beta
0.92

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Should I Buy Deere & Company Stock? DE Pros and Cons Explained

Pros

Here are some ways that investors could benefit from investing in Deere & Company:

  • Deere & Company's 50-day simple moving average is $367.47, indicating a potential buying opportunity if the stock price is below this level.
  • Strong return on equity of 42.26% showcases the company's ability to generate profit from shareholders' investments.
  • Consistent dividend payments with a dividend yield of 1.56% provide investors with a steady income stream.
  • Diversified business operations across four segments reduce risk exposure to any single market or product.
  • Positive earnings per share growth trend, with analysts predicting $25.41 EPS for the current fiscal year, indicating financial stability.

Cons

Investors should be bearish about investing in Deere & Company for these reasons:

  • Decline in quarterly revenue by 20.3% year-over-year may raise concerns about the company's ability to maintain growth.
  • Insider selling activity, such as Cory J. Reed selling 13,370 shares, could signal lack of confidence in the company's future performance.
  • Lower-than-expected revenue compared to analysts' estimates may lead to short-term stock price volatility.
  • Ex-dividend date on June 28th indicates missed opportunity for investors who did not hold the stock before this date to receive the dividend.
  • Current stock price below the 200-day simple moving average of $380.36 may indicate a bearish trend in the stock's performance.
These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Wednesday, September 4, 2024. Please send any questions or comments about these Deere & Company pros and cons to contact@marketbeat.com.

DE Stock Analysis - Frequently Asked Questions

How have DE shares performed this year?

Deere & Company's stock was trading at $399.87 at the beginning of 2024. Since then, DE stock has decreased by 4.6% and is now trading at $381.56.
View the best growth stocks for 2024 here
.

How were Deere & Company's earnings last quarter?

Deere & Company (NYSE:DE) posted its earnings results on Thursday, August, 15th. The industrial products company reported $6.29 EPS for the quarter, beating the consensus estimate of $5.63 by $0.66. The firm's revenue was down 20.3% on a year-over-year basis.
Read the conference call transcript
.

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.

Does Deere & Company have any subsidiaries?

Deere & Company subsidiaries include these companies: Kreisel Electric, AgriSync, Bear Flag Robotics, Harvest Profit, Unimil, OnLink, PLA, and more.

Who are Deere & Company's major shareholders?

Top institutional investors of Deere & Company include Legal & General Group Plc (0.82%), Dimensional Fund Advisors LP (0.78%), Bank of New York Mellon Corp (0.73%) and Principal Financial Group Inc. (0.34%). Insiders that own company stock include John C May II, Pentz Markwart Von, Cory J Reed, John H Stone, Ryan D Campbell, Marc A Howze and Rajesh Kalathur.
View institutional ownership trends
.

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.

What other stocks do shareholders of Deere & Company own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Deere & Company investors own include Caterpillar (CAT), Intel (INTC), NVIDIA (NVDA), Boeing (BA), Johnson & Johnson (JNJ), Walt Disney (DIS) and JPMorgan Chase & Co. (JPM).

This page (NYSE:DE) was last updated on 9/7/2024 by MarketBeat.com Staff

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