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NYSE:DE

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

Deere & Company logo
$436.28 +31.32 (+7.73%)
(As of 11/21/2024 ET)

About Deere & Company Stock (NYSE:DE)

Key Stats

Today's Range
$410.96
$442.05
50-Day Range
$389.45
$436.28
52-Week Range
$340.20
$442.05
Volume
3.46 million shs
Average Volume
1.44 million shs
Market Capitalization
$119.37 billion
P/E Ratio
14.89
Dividend Yield
1.35%
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
62nd Percentile Overall Score

DE MarketRank™: 

Deere & Company scored higher than 62% of companies evaluated by MarketBeat, and ranked 99th out of 178 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 only been the subject of 4 research reports in the past 90 days.

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

    Earnings for Deere & Company are expected to decrease by -13.52% in the coming year, from $25.00 to $21.62 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of Deere & Company is 14.89, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 125.83.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of Deere & Company is 14.89, which means that it is trading at a less expensive P/E ratio than the Industrial Products sector average P/E ratio of about 22.92.

  • Price to Earnings Growth Ratio

    Deere & Company has a PEG Ratio of 1.54. 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 5.77. 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 1.47%, 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 27.20% 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 1.01. 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 0.77 average news sentiment score of Industrial Products companies.
  • News Coverage This Week

    MarketBeat has tracked 68 news articles for Deere & Company this week, compared to 18 articles on an average week.
  • Search Interest

    Only 63 people have searched for DE on MarketBeat in the last 30 days. This is a decrease of -9% compared to the previous 30 days.
  • MarketBeat Follows

    31 people have added Deere & Company to their MarketBeat watchlist in the last 30 days. This is an increase of 107% 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.
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DE Stock News Headlines

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Alberta, Canada. Aug 24, 2024. A John Deere dealership sign stands prominently above a row of green agricultural machinery. — Stock Editorial Photography
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As the market digests the election results, it looks like manufacturing stocks might be back in favor of investors today.
Deere (DE) Q4 2024 Earnings Call Transcript
See More Headlines

DE Stock Analysis - Frequently Asked Questions

Deere & Company's stock was trading at $399.87 at the beginning of 2024. Since then, DE stock has increased by 9.1% and is now trading at $436.2802.
View the best growth stocks for 2024 here
.

Deere & Company (NYSE:DE) posted its quarterly earnings data on Thursday, November, 21st. The industrial products company reported $4.55 earnings per share for the quarter, topping analysts' consensus estimates of $3.90 by $0.65. Deere & Company's quarterly revenue was down 32.8% on a year-over-year basis.

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

Top institutional investors of Deere & Company include State Street Corp (3.75%), Wellington Management Group LLP (2.69%), Geode Capital Management LLC (1.90%) and FMR LLC (1.66%). 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

Ex-Dividend for 11/8 Dividend
9/30/2024
Dividend Payable
11/08/2024
Today
11/21/2024
Last Earnings
11/21/2024
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
-3.6%
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
$46.07 per share
Book Value
$75.66 per share

Miscellaneous

Free Float
272,889,000
Market Cap
$119.37 billion
Optionable
Optionable
Beta
0.93

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This page (NYSE:DE) was last updated on 11/21/2024 by MarketBeat.com Staff
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