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Deere and Co

Deere and Co (DE)

375.04
-6.49
(-1.70%)
Closed June 22 4:00PM
375.04
0.00
(0.00%)
After Hours: 7:38PM

Real-time discussions and trading ideas: Trade with confidence with our powerful platform.

Key stats and details

Current Price
375.04
Bid
-
Ask
-
Volume
2,456,869
374.01 Day's Range 380.00
353.15 52 Week Range 450.00
Market Cap
Previous Close
381.53
Open
377.96
Last Trade
2
@
375.99
Last Trade Time
Financial Volume
$ 927,595,092
VWAP
377.5517
Average Volume (3m)
1,372,051
Shares Outstanding
275,570,318
Dividend Yield
1.54%
PE Ratio
10.17
Earnings Per Share (EPS)
36.89
Revenue
61.54B
Net Profit
10.17B

About Deere and Co

Deere is the world's leading manufacturer of agricultural equipment, producing some of the most recognizable machines in the heavy machinery industry. The company is divided into four reportable segments: production and precision agriculture, small agriculture and turf, construction and forestry, an... Deere is the world's leading manufacturer of agricultural equipment, producing some of the most recognizable machines in the heavy machinery industry. The company is divided into four reportable segments: production and precision agriculture, small agriculture and turf, construction and forestry, and John Deere Capital. Its products are available through a robust dealer network, which includes over 1,900 dealer locations in North America and approximately 3,700 locations globally. John Deere Capital provides retail financing for machinery to its customers, in addition to wholesale financing for dealers, which increases the likelihood of Deere product sales. Show more

Sector
Farm Machinery And Equipment
Industry
Farm Machinery And Equipment
Website
Headquarters
Wilmington, Delaware, USA
Founded
1970
Deere and Co is listed in the Farm Machinery And Equipment sector of the New York Stock Exchange with ticker DE. The last closing price for Deere was $381.53. Over the last year, Deere shares have traded in a share price range of $ 353.15 to $ 450.00.

Deere currently has 275,570,318 shares outstanding. The market capitalization of Deere is $103.35 billion. Deere has a price to earnings ratio (PE ratio) of 10.17.

Deere (DE) Options Flow Summary

Overall Flow

Bearish

Net Premium

-513k

Calls / Puts

125.00%

Buys / Sells

0.00%

OTM / ITM

350.00%

Sweeps Ratio

0.00%

DE Latest News

John Deere Helps Increase Access to Higher Ed

John Deere Helps Increase Access to Higher Ed PR Newswire MOLINE, Ill., June 3, 2024 $6.6M Commitment Creates John Deere Scholarship Program MOLINE, Ill., June 3, 2024 /PRNewswire/ -- A...

Deere & Company Announces Quarterly Dividend

Deere & Company Announces Quarterly Dividend PR Newswire MOLINE, Ill., May 29, 2024 MOLINE, Ill., May 29, 2024 /PRNewswire/ -- The Deere & Company (NYSE: DE) Board of Directors today...

US Stock Futures Rise Amid Softer Inflation, Oil Prices Dip

U.S. index futures show a slight uptick in pre-market trading on Thursday, buoyed by softer-than-expected inflation. This optimistic scenario has helped the S&P 500 surpass the 5,300 point...

Deere Reports Second Quarter Net Income of $2.370 Billion

Deere Reports Second Quarter Net Income of $2.370 Billion PR Newswire MOLINE, Ill., May 16, 2024 Quarterly results underscore sound execution in the face of challenging market conditions.Global...

PeriodChangeChange %OpenHighLowAvg. Daily VolVWAP
10.050.0133336888984374.99384.5372.951319226380.28160427CS
4-4.84-1.27408655365379.88384.5362.681361859372.68377917CS
12-35.13-8.56474144867410.17417.465362.681372051391.35006465CS
26-15.48-3.96394550855390.52417.465353.151431385386.30818822CS
52-31.88-7.83446377666406.92450353.151509901389.79742319CS
15642.0712.6347719014332.97450283.811639531378.38795812CS
260212.58130.850670934162.46450106.141707484308.36537808CS

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DE Discussion

View Posts
DewDiligence DewDiligence 2 weeks ago
DE is a very different company than it was during previous downturns in the ag cycle. Yes, DE is still a cyclical company, but it is much better equipped to handle cyclical downturns than it used to be.

Your use of the word, “slaughtered” is off-base, IMO.
👍️0
DewDiligence DewDiligence 2 weeks ago
Correction—DE’s layoff does not change the company’s financial guidance for FY2024:

https://www.sec.gov/ix?doc=/Archives/edgar/data/0000315189/000155837024008911/de-20240531x8k.htm

A prior post, which inadvertently omitted the word, “not,” has been deleted.
👍️0
Staypositive1 Staypositive1 2 weeks ago
Ag economy is 3 years away from coming out of their recession unless a major weather event happens. This company is about to be slaughtered.
👍️0
Staypositive1 Staypositive1 3 weeks ago
The one sector farmers will spend money on is planters. Find out how many planters are on order ....or better yet how many employees are working in Planter works(thats what JD calls their planter factory)... People have been laid off there for almost 6 months......just saying be careful...Papa Deere is going to slash.
👍️0
Staypositive1 Staypositive1 3 weeks ago
I'm not....that will start getting heavily cut this next qtr. layoffs can only get u through 2 qtrs after that it's dividends. next wtr expect a huge dividend cut.
👍️0
bar1080 bar1080 3 weeks ago
You're ignoring Deere's steady earnings and dividend increases over the past decade.
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Staypositive1 Staypositive1 3 weeks ago
In the conference call they made no mention of more layoffs or driving down inventory even further. Maybe I shouldn't have said lie. I should have said never told the whole truth.

I work in this sector and agriculture is in a MAJOR recession....Farmers have pretty much closed their checkbook. Inflation has hit them for the last 10 years and now interest rates are putting the squeeze on. Deere cannot avoid a major hit here. Layoffs aren't going to save them from this recession.
👍️0
bar1080 bar1080 3 weeks ago
I skimmed Taleb's book, The Black Swan when it came out. Got nothing from it. He launched several investment funds a decade ago. All performed poorly as I recall.
👍️0
bar1080 bar1080 3 weeks ago
"At the most basic level, optionality just means having lots of options."

"MBAs love to talk about “optionality” and how they want more of it. But you don’t need an MBA to explain yourself by saying you’re “Keeping your options open.” Optionality is the Millennial lodestar: we keep our options open."

Abhorrent biz speak
👍️0
DewDiligence DewDiligence 3 weeks ago
It's a common buzzword in business. In any event, I don't see where DE said anything misleading, as the other poster alleged.
👍️ 1
bar1080 bar1080 3 weeks ago
I see that now, but about as strange using optionality.
👍️0
DewDiligence DewDiligence 3 weeks ago
The word used was, "optionality" (not operationality). It means the same as "option."
👍️0
bar1080 bar1080 3 weeks ago
"The key here, is that by staying ahead of demand changes, we’re giving ourselves the optionality to react most efficiently to whichever way the market moves in the next year."

Does anyone really use the word Operationality? LOL Not likely in the AG business.

A lie? I don't even know what it says
👍️0
DewDiligence DewDiligence 3 weeks ago
Huh? The excerpt you posted is in the CC transcript.
👍️0
Staypositive1 Staypositive1 3 weeks ago
Deere lied on their conference call. This is going to end badly.

No direct mention of these were made in the earnings call, although there was much emphasis placed on cost control measures.

“We ended 2023 with really low levels of large tractor inventory, but we think it’s prudent to drive those levels even lower as we close out our 2024.

“The key here, is that by staying ahead of demand changes, we’re giving ourselves the optionality to react most efficiently to whichever way the market moves in the next year.”
👍️0
bar1080 bar1080 3 weeks ago
Deere Q Dividends

Mar 27, 2024 1.47 Dividend
Dec 28, 2023 1.47 Dividend
Sep 28, 2023 1.35 Dividend
Jun 29, 2023 1.25 Dividend
Mar 30, 2023 1.25 Dividend
Dec 29, 2022 1.20 Dividend
Sep 29, 2022 1.13 Dividend
Jun 29, 2022 1.13 Dividend
Mar 30, 2022 1.05 Dividend
Dec 30, 2021 1.05 Dividend
Sep 29, 2021 1.05 Dividend
Jun 29, 2021 0.90 Dividend
Mar 30, 2021 0.90 Dividend
Dec 30, 2020 0.76 Dividend
Sep 29, 2020 0.76 Dividend
👍️0
DewDiligence DewDiligence 1 month ago
DE FY2Q24 CC transcript:

https://finance.yahoo.com/news/q2-2024-deere-co-earnings-062101616.html
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DewDiligence DewDiligence 1 month ago
Addendum—DE is +1,300% during the past 15 years, not counting reinvested dividends.
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DewDiligence DewDiligence 1 month ago
At the current share price (~$399 as I’m typing), the FY2024 EPS guidance of $25.18 equates to a FY2024 P/E ratio of ~15.8x.
👍️0
DewDiligence DewDiligence 1 month ago
DE FY2Q24 CC slides:

https://s22.q4cdn.com/253594569/files/doc_financials/2024/q2/DE-2Q24-Earnings-Call-Slides-Presentation.pdf
👍️0
DewDiligence DewDiligence 1 month ago
DE reports FY2Q24* results—reduces FY2024* guidance again:

https://s22.q4cdn.com/253594569/files/doc_financials/2024/q2/DE-2Q24-News-Release.pdf

• FY2023* was a peak-cycle year for DE, so FY2024 is a down year, although still the second-best earnings year in the company's history, based on current guidance.

• FY2Q24 product sales (excluding revenue from DE’s finance unit) were $13.6B, -16% YoY, but above the Wall Street consensus figure of $1326B.

• FY1Q24 GAAP EPS was $8.53, -12% YoY, but above the Wall Street consensus figure of $7.86.

• DE lowered guidance for FY2024 net income to $7.0B (from the prior range of $7.50-7.75B three months ago and $7.75-8.25B six months ago). Based on 278M diluted shares @4/30/24, DE’s FY2024 net-income guidance equates to FY2024 GAAP EPS of $25.18, -27% relative to the actual $34.63 in FY2023.

*DE’s fiscal years end on Oct 31; FY2Q24 spanned the period from 2/1/24 to 4/30/24.
👍️0
DewDiligence DewDiligence 4 months ago
DE FY1Q24 CC transcript:

https://finance.yahoo.com/news/q1-2024-deere-co-earnings-075048457.html
👍️0
DewDiligence DewDiligence 4 months ago
At the current share price (~$367 as I’m typing), the DE's FY2024 EPS guidance equates to a FY2024 P/E ratio of 13.6x.
👍️0
DewDiligence DewDiligence 4 months ago
DE FY1Q24 CC slides:

https://s22.q4cdn.com/253594569/files/doc_financials/2024/q1/DE-1Q24-Earnings-Call-Presentation.pdf
👍️0
DewDiligence DewDiligence 4 months ago
FY2023 was a peak-cycle year for DE, so FY2024 is a down year, although still the second-best earnings year in the company's history, based on current guidance.
👍️0
DewDiligence DewDiligence 4 months ago
DE reports FY1Q24* results—reduces FY2024* guidance:

https://s22.q4cdn.com/253594569/files/doc_financials/2024/q1/DE-1Q24-News-Release.pdf

• FY1Q24 product sales (excluding revenue from DE’s finance unit) were $10.5B -24% YoY, but above the consensus figure of $10.3B.

• FY1Q24 GAAP EPS was $6.23, -5% YoY and below the consensus figure of $6.55.

• DE lowered guidance for FY2024 net income to $7.50-7.75 (from the prior range of $7.75-8.25B). Based on 281M diluted shares @1/31/24, DE’s FY2024 net-income guidance equates to FY2024 GAAP EPS of $26.70-27.20. At the midpoint of the range ($26.95), the FY2024 EPS guidance is -22% YoY relative to $34.63 in FY2023.
👍️0
bar1080 bar1080 7 months ago
It's almost impossible to beat Cintas Corp, which has been spectacular for several decades. Prior to 2021 CTAS only paid one annual dividend each year, but always growing rapidly
Date Dividends
Aug 14, 2023 1.35 Dividend
May 12, 2023 1.15 Dividend
Feb 14, 2023 1.15 Dividend
Nov 14, 2022 1.15 Dividend
Aug 12, 2022 1.15 Dividend
May 13, 2022 0.95 Dividend
Feb 14, 2022 0.95 Dividend
Nov 12, 2021 0.95 Dividend
Aug 12, 2021 0.95 Dividend
May 13, 2021 0.75 Dividend
Feb 11, 2021 0.75 Dividend
👍️0
bar1080 bar1080 7 months ago
Deere Quarterly Dividends since 2020
Date Dividends
Sep 28, 2023 1.35 Dividend
Jun 29, 2023 1.25 Dividend
Mar 30, 2023 1.25 Dividend
Dec 29, 2022 1.20 Dividend
Sep 29, 2022 1.13 Dividend
Jun 29, 2022 1.13 Dividend
Mar 30, 2022 1.05 Dividend
Dec 30, 2021 1.05 Dividend
Sep 29, 2021 1.05 Dividend
Jun 29, 2021 0.90 Dividend
Mar 30, 2021 0.90 Dividend
Dec 30, 2020 0.76 Dividend
Sep 29, 2020 0.76 Dividend
👍️0
DewDiligence DewDiligence 7 months ago
Never seen anything like this before from any company.
👍️0
bar1080 bar1080 7 months ago
Amazing
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DewDiligence DewDiligence 7 months ago
DE raises dividend sixth time in past 2.5 years:

https://www.sec.gov/Archives/edgar/data/315189/000155837023019502/de-20231206xex99d1.htm

The new annualized payout is $5.88, up from: $5.40 in Aug 2023; $5.00 in Feb 2023; $4.80 in Dec 2022; $4.52 in May 22; $4.20 in Aug 2021; and $3.60 prior to Aug 2021.

At the current share price (~$366), the new annualized payout equates to a yield of 1.6%.
👍️0
DewDiligence DewDiligence 7 months ago
DE FY4Q23 CC transcript:

https://finance.yahoo.com/news/q4-2023-deere-co-earnings-052533425.html
👍️0
DewDiligence DewDiligence 7 months ago
DE reports FY4Q23* results—issues (down) FY2024* guidance:

https://www.deere.com/assets/pdfs/common/news/deere-4q23-earnings-release.pdf

• FY4Q23 product sales (excluding revenue from DE’s finance unit) were $13.8B, -4% YoY.

• FY4Q23 GAAP EPS was $8.26, +11% YoY.

• DE issued new guidance for FY2024 net income of $7.75-8.25B. Based on 285M diluted shares @10/31/23, DE’s FY2024 net-income guidance equates to FY2024 GAAP EPS of $27.20-28.95, -16-21% YoY relative to $34.63 in FY2023, but +17-24% relative to $23.28 in FY2022.

The stock is down ~5% in PM trading, presumably on the FY2024 guidance. Most investors realized that FY2023 was likely going to be the top of the current ag and construction cycle, but the magnitude of the reduction in FY2024 net-income guidance relative to FY2023 is larger than many investors probably expected.

At the current share price (~$363 as I’m typing), the FY2024 EPS guidance equates to a FY2024 P/E ratio of about 13.


CC slides:
https://s22.q4cdn.com/253594569/files/doc_financials/2023/q4/DE-4Q23-Earnings-Call-Presentation.pdf

*DE’s fiscal years end on Oct 31; FY4Q23 spanned the period from 8/1/23 to 10/31/23.
👍️0
DewDiligence DewDiligence 8 months ago
DE FY4Q23 CC 11/22/23 9am ET.
👍️0
bar1080 bar1080 10 months ago
Date Dividends
Jun 29, 2023 1.25 Dividend
Mar 30, 2023 1.25 Dividend
Dec 29, 2022 1.2 Dividend
Sep 29, 2022 1.13 Dividend
Jun 29, 2022 1.13 Dividend
Mar 30, 2022 1.05 Dividend
Dec 30, 2021 1.05 Dividend
Sep 29, 2021 1.05 Dividend
Jun 29, 2021 0.9 Dividend
Mar 30, 2021 0.9 Dividend
Dec 30, 2020 0.76 Dividend
Sep 29, 2020 0.76 Dividend
Jun 29, 2020 0.76 Dividend
Mar 30, 2020 0.76 Dividend
Dec 30, 2019 0.76 Dividend
Sep 27, 2019 0.76 Dividend
Jun 27, 2019 0.76 Dividend
Mar 28, 2019 0.76 Dividend
Dec 28, 2018 0.76 Dividend
Sep 27, 2018 0.69 Dividend
👍️0
DewDiligence DewDiligence 10 months ago
DE boosts dividend fifth time_in past two years:

https://www.sec.gov/Archives/edgar/data/315189/000155837023015338/de-20230830xex99d1.htm

The new annualized payout is $5.40, up from: $5.00 in Feb 2023; $4.80 in Dec 2022; $4.52 in May 22; $4.20 in Aug 2021; and $3.60 prior to Aug 2021.

In other words, DE has raised the dividend by a cumulative 50%(!) in the past two years.

At the current share price ($413), the new annualized payout is a yield of 1.3%.
👍️0
DewDiligence DewDiligence 10 months ago
DE FY3Q23 CC transcript:

https://finance.yahoo.com/news/q3-2023-deere-co-earnings-042634735.html
👍️0
DewDiligence DewDiligence 10 months ago
DE reports FY3Q23* results— raises fiscal-year guidance again:

https://www.deere.com/assets/pdfs/common/news/deere-3q23-earnings-release.pdf

FY3Q23 was another excellent quarter in all operating segments. Price increases more than offset increased production costs, and DE expects this to be true during all of FY2023.

• FY3Q23 product sales (excluding revenue from DE’s finance unit) were $14.3B, +10% YoY.

• FY3Q23 GAAP EPS was $10.20, +66% YoY.

DE again raised FY2023 net-income guidance to a range of $9.75-10.0B (up from $9.25-9.50B three months ago and $8.75-9.25B six months ago).

Based on 292M diluted shares @7/31/23, DE’s FY2023 net-income guidance equates to FY2023 GAAP EPS of $33.40-34.25, +43-47% YoY relative to $23.28 in FY2022, and +76-80%(!) relative to $18.99 in FY2021.

At the current share price (~$400 as I’m typing), the FY2023 EPS guidance equates to a FY2023 P/E ratio of about 12.

The stock is down today because investors are apparently concluding that the global agricultural-equipment market cannot get any better.

CC slides:
https://s22.q4cdn.com/253594569/files/doc_financials/2023/q3/DE-3Q23-Earnings-Call-Presentation.pdf

*DE’s fiscal years end on Oct 31; FY3Q23 spanned the period from 5/1/23 to 7/31/23.
👍️0
Bountiful_Harvest Bountiful_Harvest 10 months ago
Why Deere (DE) is a Top Stock for the Long-Term

https://finance.yahoo.com/news/why-deere-top-stock-long-133004850.html

https://seekingalpha.com/article/4619123-deere-stock-strong-demand-automated-solutions

https://www.tipranks.com/news/article/deere-stock-nysede-ai-upside-doesnt-look-priced-in-yet

https://finmasters.com/stock-calculator/?sa=DE&d=20040810&a=20000

👍️0
Bountiful_Harvest Bountiful_Harvest 11 months ago
John Deere to discuss state of agrobotics in RoboBusiness keynote:

https://www.therobotreport.com/john-deere-to-discuss-state-of-agrobotics-in-robobusiness-keynote/

John Deere Announces New Partnership With EGO:

https://www.deere.com/en/news/all-news/john-deere-announces-new-partnership-with-ego/

👍️0
bar1080 bar1080 11 months ago
"Deere makes major announcement about future of lawn equipment: ‘[We want] to serve our evolving customers’"

"For millions of homeowners, mowing the law just got a whole lot greener now that lawncare giants John Deere and EGO are working together, Electrek reported.

EGO is a leading supplier of battery-powered lawn equipment that runs on interchangeable 56-volt lithium-ion batteries, which the company says are equal to or greater than the power of gas-powered motors.

Under the agreement, EGO’s over 70 battery-powered lawn care products will be available at John Deere dealers in Canada and the U.S. this fall, according to Electrek. The publication further reported that the companies are in talks to develop future equipment together.

Lawn care equipment is a major contributor to the pollution blanket overheating our planet. The Portland Press Herald reported that data from the Environmental Protection Agency (EPA) showed that gasoline-powered equipment like lawnmowers and leaf blowers produce around 242 million tons of pollutants annually, an amount equal to that of cars and houses."

"What’s more, the EPA estimated that upward of 17 million gallons of gasoline is spilled each year while refueling lawn equipment, polluting and degrading soil, and ending up in our water"

https://news.yahoo.com/john-deere-makes-major-announcement-110000162.html
👍️ 1
bar1080 bar1080 11 months ago
I didn't realize today was Deere's all-time high. Not totally thrilled because I had intended to buy much more DE before it took off.

👍️0
Monksdream Monksdream 11 months ago
DE new 52 week high
👍️0
bar1080 bar1080 11 months ago
"California woman lying in grass killed by Deere lawnmower, a advocates, family question police"

https://www.usatoday.com/story/news/nation/2023/07/19/christine-chavez-lawnmower-killing-modesto-concerns/70433060007/
👍️0
bar1080 bar1080 12 months ago
yes lots considering..."Our data suggests that insiders own under 1% of Deere & Company in their own names. As it is a large company, we'd only expect insiders to own a small percentage of it. But it's worth noting that they own US$144m worth of shares.

https://simplywall.st/stocks/us/capital-goods/nyse-de/deere/news/after-losing-10-in-the-past-year-deere-company-nysede-instit
👍️0
DewDiligence DewDiligence 12 months ago
DE CEO sells ~$22M of stock in 10b5-1 plan:

https://www.sec.gov/Archives/edgar/data/315189/000031518923000020/xslF345X04/primary_doc.xml

That’s a lot of stock.
👍️0
bar1080 bar1080 1 year ago
Was just reviewing my stocks especially the DE I bought about three weeks ago
👍️0
DewDiligence DewDiligence 1 year ago
Are you referring to #msg-172016968?
👍️0
bar1080 bar1080 1 year ago
That was a fast 9% profit on DE so far.
👍️0
DewDiligence DewDiligence 1 year ago
DE senior executive sells $2.5M of stock under newly established 10b5-1 plan:

https://www.sec.gov/Archives/edgar/data/315189/000031518923000014/xslF345X04/primary_doc.xml
👍️0

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