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NYSE:DE

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

$401.11
+3.23 (+0.81%)
(As of 09/18/2024 ET)

About Deere & Company Stock (NYSE:DE)

Key Stats

Today's Range
$396.89
$405.92
50-Day Range
$344.84
$401.11
52-Week Range
$340.20
$417.46
Volume
1.16 million shs
Average Volume
1.52 million shs
Market Capitalization
$110.53 billion
P/E Ratio
12.07
Dividend Yield
1.47%
Price Target
$409.88
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

Overall MarketRank™: 76th Percentile

Deere & Company scored higher than 76% of companies evaluated by MarketBeat, and ranked 81st out of 173 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 2.38, and is based on 8 buy ratings, 13 hold ratings, and no sell ratings.

  • Amount of Analyst Coverage

    Deere & Company has been the subject of 12 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 -10.45% in the coming year, from $25.07 to $22.45 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of Deere & Company is 12.07, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 134.03.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of Deere & Company is 12.07, which means that it is trading at a less expensive P/E ratio than the Industrial Products sector average P/E ratio of about 20.26.

  • Price to Earnings Growth Ratio

    Deere & Company has a PEG Ratio of 1.29. 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 4.76. 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

    1.99% 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 3.1, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Deere & Company has recently increased by 25.06%, indicating that investor sentiment is decreasing significantly.
  • Dividend Yield

    Deere & Company pays a meaningful dividend of 1.52%, 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 17.70%. 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 26.19% 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

    1.99% 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 3.1, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Deere & Company has recently increased by 25.06%, indicating that investor sentiment is decreasing significantly.
  • News Sentiment

    Deere & Company has a news sentiment score of 0.72. 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 news sentiment score is similar to the average news sentiment of Industrial Products companies.
  • News Coverage This Week

    MarketBeat has tracked 13 news articles for Deere & Company this week, compared to 17 articles on an average week.
  • Search Interest

    Only 23 people have searched for DE on MarketBeat in the last 30 days. This is a decrease of -65% compared to the previous 30 days.
  • MarketBeat Follows

    Only 7 people have added Deere & Company to their MarketBeat watchlist in the last 30 days. This is a decrease of -65% compared to the previous 30 days.
  • Insider Buying vs. Insider Selling

    In the past three months, Deere & Company insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $5,048,913.00 in 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

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See More Headlines

DE Stock Analysis - Frequently Asked Questions

Deere & Company's stock was trading at $399.87 at the beginning of the year. Since then, DE shares have increased by 0.3% and is now trading at $401.11.
View the best growth stocks for 2024 here
.

Deere & Company (NYSE:DE) released its quarterly 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 company's revenue was down 20.3% compared to the same quarter last year.
Read the conference call transcript
.

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

Deere & Company's top institutional investors 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
.

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 Caterpillar (CAT), Intel (INTC), NVIDIA (NVDA), Boeing (BA), Johnson & Johnson (JNJ), Walt Disney (DIS) and JPMorgan Chase & Co. (JPM).

Company Calendar

Ex-Dividend for 8/8 Dividend
6/28/2024
Dividend Payable
8/08/2024
Last Earnings
8/15/2024
Today
9/18/2024
Ex-Dividend for 11/8 Dividend
9/30/2024
Fiscal Year End
10/31/2024
Dividend Payable
11/08/2024
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
$409.88
High Stock Price Target
$465.00
Low Stock Price Target
$360.00
Potential Upside/Downside
+2.2%
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
$43.60 per share
Book Value
$84.30 per share

Miscellaneous

Free Float
274,854,000
Market Cap
$110.53 billion
Optionable
Optionable
Beta
0.92

Social Links

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

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.

Deere & Company
Bull Case

green Wall Street bull icon

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.

Deere & Company
Bear Case

red Wall Street bear icon

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.

This page (NYSE:DE) was last updated on 9/19/2024 by MarketBeat.com Staff
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