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NYSE:DE

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

Deere & Company logo
$394.68 +5.23 (+1.34%)
(As of 11/14/2024 ET)

About Deere & Company Stock (NYSE:DE)

Key Stats

Today's Range
$388.11
$395.52
50-Day Range
$381.85
$418.06
52-Week Range
$340.20
$420.47
Volume
1.22 million shs
Average Volume
1.43 million shs
Market Capitalization
$107.98 billion
P/E Ratio
13.47
Dividend Yield
1.49%
Price Target
$420.69
Consensus Rating
Hold

Company Overview

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. 

Deere & Company Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks
79th Percentile Overall Score

DE MarketRank™: 

Deere & Company scored higher than 79% of companies evaluated by MarketBeat, and ranked 62nd out of 179 stocks in the industrial products sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    Deere & Company has received a consensus rating of Hold. The company's average rating score is 2.40, and is based on 8 buy ratings, 12 hold ratings, and no sell ratings.

  • Amount of Analyst Coverage

    Deere & Company has been the subject of 8 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

  • Read more about Deere & Company's stock forecast and price target.
  • Earnings Growth

    Earnings for Deere & Company are expected to decrease by -12.36% in the coming year, from $25.00 to $21.91 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of Deere & Company is 13.46, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 136.02.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of Deere & Company is 13.46, which means that it is trading at a less expensive P/E ratio than the Industrial Products sector average P/E ratio of about 22.44.

  • Price to Earnings Growth Ratio

    Deere & Company has a PEG Ratio of 1.50. PEG Ratios above 1 indicate that a company could be overvalued.

  • Price to Book Value per Share Ratio

    Deere & Company has a P/B Ratio of 5.22. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

  • Read more about Deere & Company's valuation and earnings.
  • Percentage of Shares Shorted

    2.12% of the float of Deere & Company has been sold short.
  • Short Interest Ratio / Days to Cover

    Deere & Company has a short interest ratio ("days to cover") of 4.4.
  • Change versus previous month

    Short interest in Deere & Company has recently increased by 9.59%, indicating that investor sentiment is decreasing significantly.
  • Dividend Yield

    Deere & Company pays a meaningful dividend of 1.49%, higher than the bottom 25% of all stocks that pay dividends.

  • Dividend Growth

    Deere & Company does not have a long track record of dividend growth.

  • Dividend Coverage

    The dividend payout ratio of Deere & Company is 20.06%. This payout ratio is at a healthy, sustainable level, below 75%.

  • Dividend Sustainability

    Based on earnings estimates, Deere & Company will have a dividend payout ratio of 26.84% next year. This indicates that Deere & Company will be able to sustain or increase its dividend.

  • Read more about Deere & Company's dividend.
  • Percentage of Shares Shorted

    2.12% of the float of Deere & Company has been sold short.
  • Short Interest Ratio / Days to Cover

    Deere & Company has a short interest ratio ("days to cover") of 4.4.
  • Change versus previous month

    Short interest in Deere & Company has recently increased by 9.59%, indicating that investor sentiment is decreasing significantly.
  • News Sentiment

    Deere & Company has a news sentiment score of 1.21. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.60 average news sentiment score of Industrial Products companies.
  • News Coverage This Week

    MarketBeat has tracked 34 news articles for Deere & Company this week, compared to 18 articles on an average week.
  • Search Interest

    58 people have searched for DE on MarketBeat in the last 30 days. This is an increase of 2% compared to the previous 30 days.
  • MarketBeat Follows

    26 people have added Deere & Company to their MarketBeat watchlist in the last 30 days. This is an increase of 73% compared to the previous 30 days.
  • Insider Buying vs. Insider Selling

    In the past three months, Deere & Company insiders have not sold or bought any company stock.

  • Percentage Held by Insiders

    Only 0.26% of the stock of Deere & Company is held by insiders.

  • Percentage Held by Institutions

    68.58% of the stock of Deere & Company is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

  • Read more about Deere & Company's insider trading history.

DE Stock News Headlines

American concept. The US flag has a pen and a notebook with the inscription - Made in America — Photo
3 "Made in America" Stocks to Benefit From the Trump Presidency (DE)
The return of the Trump administration to the White House in 2025 has caused many U.S. stocks to surge pre-emptively on positive sentiment.
C shaped steel for construction and structure building, Lip Channel. stack of light lip channel steel or C channel steel — Photo
Post-Election Manufacturing Boom: 3 Stocks Analysts Are Eyeing
New evidence, through price action and volume, supports the momentum and potential value in the industrial and manufacturing sector.
Trump’s IRS Hands Massive ‘Victory Gift’ To 401K Owners
Trump quietly left open an "off the books" wealth-protection loophole hidden in the 6,871 pages of the IRS Tax Code… And since then… "In the know" patriots have quietly used this same "Trump revenge loophole" to shield their life savings from Bidenomics…
Alberta, Canada. Aug 24, 2024. A John Deere dealership sign stands prominently above a row of green agricultural machinery. — Stock Editorial Photography
3 Stocks Poised to Ride America’s Manufacturing and Ag Revival
As the market digests the election results, it looks like manufacturing stocks might be back in favor of investors today.
5 Dividend Growth Stocks to Watch in Q4 (Including 2 Dividend Doublers)
Let’s talk about companies that are serious about dividend hikes. I’m talking about recent payout raises of 25%, 67% and even 120%. Know what happens
See More Headlines

DE Stock Analysis - Frequently Asked Questions

Deere & Company's stock was trading at $399.87 at the start of the year. Since then, DE stock has decreased by 1.3% and is now trading at $394.64.
View the best growth stocks for 2024 here
.

Deere & Company (NYSE:DE) released its quarterly earnings data on Thursday, August, 15th. The industrial products company reported $6.29 EPS for the quarter, topping analysts' consensus estimates of $5.63 by $0.66. The firm's revenue was down 20.3% compared to the same quarter last year.
Read the conference call transcript
.

The following companies are subsidiaries of Deere & Company: Kreisel Electric, AgriSync, Bear Flag Robotics, Harvest Profit, Unimil, OnLink, PLA, and more.

Deere & Company's top institutional investors include FMR LLC (1.66%), Parnassus Investments LLC (1.34%), Fisher Asset Management LLC (0.73%) and UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC (0.63%). 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
.

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.

Based on aggregate information from My MarketBeat watchlists, some other companies that Deere & Company investors own include IDEXX Laboratories (IDXX), Tesla (TSLA), Broadcom (AVGO), Applied Materials (AMAT), ASML (ASML), HubSpot (HUBS) and CrowdStrike (CRWD).

Company Calendar

Last Earnings
8/15/2024
Ex-Dividend for 11/8 Dividend
9/30/2024
Dividend Payable
11/08/2024
Today
11/14/2024
Next Earnings (Confirmed)
11/21/2024
Fiscal Year End
10/31/2025

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
$420.69
High Stock Price Target
$496.00
Low Stock Price Target
$375.00
Potential Upside/Downside
+6.6%
Consensus Rating
Hold
Rating Score (0-4)
2.40
Research Coverage
20 Analysts

Profitability

Net Income
$10.17 billion
Pretax Margin
19.22%

Debt

Sales & Book Value

Annual Sales
$61.25 billion
Cash Flow
$42.34 per share
Book Value
$75.66 per share

Miscellaneous

Free Float
272,889,000
Market Cap
$107.97 billion
Optionable
Optionable
Beta
0.93

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This page (NYSE:DE) was last updated on 11/14/2024 by MarketBeat.com Staff
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