Is John Deere a good stock to buy now?
Deere's analyst rating consensus is a Moderate Buy. This is based on the ratings of 18 Wall Streets Analysts.
Is Deere stock a Buy, Sell or Hold? Deere stock has received a consensus rating of buy. The average rating score is and is based on 50 buy ratings, 25 hold ratings, and 0 sell ratings.
Company Outlook & Summary
Net income attributable to Deere & Company for fiscal 2024 is forecasted to be in a range of $7.50 billion to $7.75 billion. “Moving forward, we expect fleet replenishment to moderate as agricultural fundamentals normalize from record levels in 2022 and 2023,” May said.
Shares of Deere & Co. dropped Thursday, after the agricultural, construction and turf equipment maker reported fiscal first-quarter earnings that were well above expectations but provided a downbeat full-year outlook, with business segment sales underperforming the industry.
Deere stock price stood at $400.32
According to the latest long-term forecast, Deere price will hit $450 by the middle of 2025 and then $500 by the end of 2026. Deere will rise to $600 within the year of 2028, $700 in 2029, $800 in 2032 and $900 in 2035.
Valuation metrics show that Deere & Company may be fairly valued. Its Value Score of C indicates it would be a neutral pick for value investors. The financial health and growth prospects of DE, demonstrate its potential to perform inline with the market. It currently has a Growth Score of D.
Even if the agriculture industry is at or near the end of an upswing, Deere remains a solid long-term investment.
Average Price Target
Based on 18 Wall Street analysts offering 12 month price targets for Deere in the last 3 months. The average price target is $426.29 with a high forecast of $495.00 and a low forecast of $365.00. The average price target represents a 6.84% change from the last price of $399.00.
A semi-autonomous tractor equipped with an integrated crop sprayer is also on the radar for John Deere's future. This tractor would include a built-in camera to work in row crops. User exposure to pesticides will be reduced with the fully automatic filling station used to fill the sprayer tank.
Fitch has affirmed the long-term and short-term IDRs of John Deere Capital Corporation (JDCC) and its rated subsidiaries at 'A+' and 'F1', respectively. The Rating Outlook is Stable.
Does Bill Gates own John Deere stock?
Microsoft Corp (MSFT. O) co-founder Bill Gates' investment vehicle Cascade Investment LLC has become the largest shareholder in farm machinery maker Deere & Co (DE. N), with a 5% stake, according to a regulatory filing.
Agricultural and construction equipment maker Deere exceeded profit and sales forecasts for its first quarter of fiscal 2024, though its revenue fell 8% from a year earlier. The company lowered its full-year guidance in anticipation of customers holding off on replenishing their fleets.
Deere & Company ( DE ) dividend payments per share are an average of 17.96% over the past 12 months, 20.51% over the past 36 months, 14.19% over the past 60 months, and 10.06% over the past 120 months.
Deere's Largest Shareholder, Bill Gates, Now Owns More Than 10%
Why Invest? We run so life can leap forward. John Deere's path to success is paved by our Smart Industrial strategy and the sustainable outcomes our integrated technology stack provides. Our customers – and key stakeholders – benefit by becoming more productive, more profitable, and more sustainable.
Deere has improved its margin profile and has a secular growth opportunity from its precision agriculture solutions. Infrastructure spending will support Deere's construction and forestry segment's growth in the coming years.
Deere shares are up 5% over the last three months and down 4% over the last 12 months. Meanwhile, Caterpillar stock has soared 38% over the last three months, pulling its one-year return into the green at 33%. After Caterpillar's sizable rally over the last few months, it's trading at a significant premium to Deere.
MOLINE, Illinois (July 14, 2023) — Deere & Company (NYSE: DE) has acquired Smart Apply, Inc., a precision spraying equipment company based in Indianapolis, Indiana.
| Ex-Date | Amount | Frequency |
|---|---|---|
| Sep 29, 2022 | $1.13 | Quarterly |
| Jun 29, 2022 | $1.13 | Quarterly |
| Mar 30, 2022 | $1.05 | Quarterly |
| Dec 29, 2021 | $1.05 | Quarterly |
Berkshire Hathaway, Buffet's Company, has boosted its stake in John Deere by about 5.6m shares to about 22.88m shares, or a 7.2% stake. Berkshire Hathaway is now the company's largest institutional shareholder with holdings worth nearly $2bn.
Why did Deere stock go up so much?
Bullish data from the agricultural sector helped to soothe investor concerns about demand for the company's products. Meanwhile, favorable capital market conditions stimulated demand for dividend stocks, which created momentum for Deere stock.
Stock split history for Deere & Company (DE)
Deere & Company stock (symbol: DE) underwent a total of 4 stock splits. The most recent stock split occured on December 4th, 2007.
The company has a valuation of almost $130 billion after it more than tripled from mid-2020 to mid-2021. That growth has put the company in an expensive position, and as we'll see throughout this article, the company is now overvalued.
Largest shareholders include Vanguard Group Inc, BlackRock Inc., Jpmorgan Chase & Co, State Street Corp, VTSMX - Vanguard Total Stock Market Index Fund Investor Shares, VFINX - Vanguard 500 Index Fund Investor Shares, Morgan Stanley, Geode Capital Management, Llc, Wellington Management Group Llp, and Bank Of America ...
Deere net income for the twelve months ending January 31, 2024 was $9.958B, a 21.63% increase year-over-year. Deere annual net income for 2023 was $10.166B, a 42.56% increase from 2022. Deere annual net income for 2022 was $7.131B, a 19.59% increase from 2021.
