DE - Deere & Company

NYSE - NYSE Delayed Price. Currency in USD
-1.73 (-0.97%)
At close: 4:00PM EDT
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Performance Outlook
  • Short Term
    2W - 6W
  • Mid Term
    6W - 9M
  • Long Term
Previous Close178.04
Bid173.32 x 800
Ask178.82 x 800
Day's Range173.36 - 176.92
52 Week Range106.14 - 181.99
Avg. Volume1,567,160
Market Cap55.16B
Beta (5Y Monthly)0.95
PE Ratio (TTM)20.00
EPS (TTM)8.81
Earnings DateAug 21, 2020
Forward Dividend & Yield3.04 (1.72%)
Ex-Dividend DateJun 29, 2020
1y Target Est168.65
  • 3 Zacks Rank #1s Making New Highs

    3 Zacks Rank #1s Making New Highs

    3 Zacks Rank 1s Making New Highs

  • Moving Average Crossover Alert: Deere & Company

    Moving Average Crossover Alert: Deere & Company

    Deere & Company is looking like an interesting pick from a technical perspective, as the company is seeing favorable trends on the moving average crossover front.

  • Is Deere (DE) Stock a Solid Choice Right Now?

    Is Deere (DE) Stock a Solid Choice Right Now?

    Deere (DE) has seen solid earnings estimate revision activity over the past month, and belongs to a strong industry as well.

  • 'Halftime Report' Traders Share Their Thoughts On Deere, Square And More

    'Halftime Report' Traders Share Their Thoughts On Deere, Square And More

    On CNBC's "Fast Money Halftime Report," Stephanie Link said she likes Deere & Company (NYSE: DE) a lot. She would wait for a pullback to buy the stock.Josh Brown owns Prologis Inc (NYSE: PLD) and he is staying long the stock. He thinks it's a good long-term buy. Brown added that it is not cheap, but the best companies never are.Jon Najarian said he loves Square Inc (NYSE: SQ) because of the cash app and the expansion in the banking sector. He would hold the stock, but he also said that he has written calls against his long stock position.Rob Sechan advised a young viewer to invest in an ETF instead of American Funds Washington Mutual Investors Fund Class A (MUTF: AWSHX) because of his long-time horizon.See more from Benzinga * Jon Najarian Sees Unusual Options Activity In Canopy Growth And Inseego * 'Fast Money Halftime Report' Picks For July 28: Vodafone, DR Horton And More * Cramer Gives His Opinion On AT&T, Intel And More(C) 2020 Benzinga does not provide investment advice. All rights reserved.

  • Moody's

    John Deere Owner Trust 2020-B -- Moody's assigns definitive ratings to John Deere Owner Trust 2020-B

    Moody's Investors Service, (Moody's) has assigned definitive ratings to the notes issued by John Deere Owner Trust 2020-B (JDOT 2020-B or the issuer), sponsored by John Deere Capital Corporation (JDCC; A2/P-1 stable), an indirect, wholly owned subsidiary of Deere & Company (Deere; A2/P-1 stable). The notes are backed by a pool of agricultural and construction equipment retail installment sale and loan contracts secured by new and used agricultural and construction equipment (the receivables).

  • Do Institutions Own Deere & Company (NYSE:DE) Shares?
    Simply Wall St.

    Do Institutions Own Deere & Company (NYSE:DE) Shares?

    Every investor in Deere & Company (NYSE:DE) should be aware of the most powerful shareholder groups. Large companies...

  • Giant Wireless Sale Offers 5G Spectrum Sliced Into 22,631 Pieces

    Giant Wireless Sale Offers 5G Spectrum Sliced Into 22,631 Pieces

    (Bloomberg) -- The U.S. is moving into the new era of fast 5G wireless internet and the Muscatine Power & Water utility in Iowa wants to join the ride. So does the Arctic Slope Telephone Association Cooperative Inc. that serves Kaktovik and Atqasuk in remote northern Alaska.They are among more than 200 companies registered to bid in an unusual government auction set to begin July 23. At stake is potentially $10 billion worth of lucrative spectrum that can be used for wireless internet and is assigned by the U.S. Federal Communications Commission through competitive bidding.The number of registered bidders makes it one of the biggest auctions of its type in history. Combined with another sale scheduled for December, it represents a giant leap toward a future of super fast internet and connected cars, appliances and mobile devices.Past sales offered licenses covering entire metropolitan areas at prices that only wealthy corporations such as AT&T Inc. and Verizon Communications Inc. could afford. This one offers smaller licenses -- seven in each county in the country for a total of 22,631.That means companies with modest finances -- such as Muscatine Power and the Alaskan co-op -- can get rights to spectrum in just their area. The FCC designed it that way to assure the next generation of wireless service isn’t limited to a handful of telecom behemoths, and to give companies with new uses for the technology a shot.“It’s really a game-changer for all of these non-traditional users,” said Kurt Schaubach, chief technology officer with Federated Wireless, a company based in Arlington, Virginia, that helps coordinate use of the airwaves being auctioned.It is the first offering by the FCC in recent years of airwaves suitable for the advanced 5G systems. Proceeds will go to the U.S. Treasury and estimates range to as much as $10 billion by Raymond James.“We’ve never had an auction of this size,” said Michael O’Rielly, an FCC commissioner who guided the auction’s design. In an interview he ticked off participants -- the big national wireless providers, cable companies “of all shapes and sizes,” electric utilities and companies beaming broadband over the air.The frequencies are in the so-called midband range of airwaves, where signals travel well and also can carry abundant data. Both features suit the 5G networks that will link billions of devices in automated factories, homes and elsewhere. Auction winners can only buy four of the seven licenses available in each county, ensuring that no single user can snap up all of an area’s airwaves. Each of the seven licenses provides rights to use the airwaves across an entire county.The Muscatine municipal utility, which offers internet service and runs an electrical grid and water system, could buy airwaves covering just Muscatine County, where there are fewer than 17,000 households.Utilities and electricity distributors could use their winnings to expand wireless broadband networks, manage electricity distribution, and install remote meter-reading.Tractor maker Deere & Co. is poised to take part. Its products include tractors and combines that link with mobile internet service.The airwaves can be used for more rural broadband coverage, enhancing what farmers can do in the field, and supporting manufacturing operations, said Jennifer Hartmann, a spokeswoman for Deere, which is based in Moline, Illinois.A cohort of petroleum companies and utilities have registered to bid.“Utilities for decades have struggled to acquire the amount of spectrum they need” because they lack the capital available to big telecom providers, said Rob Thormeyer, spokesman for the Utilities Technology Council that advocates for utilities’ communications systems.National mobile carriers enrolled in the sale including AT&T, Verizon and T-Mobile US Inc. may be most interested in airwaves to supplement urban coverage.Largest U.S. cable providers Comcast Corp. and Charter Communications Inc. are also registered to bid. Each has seen a swell of subscribers who buy wireless service that rides on Verizon’s airwaves. If the cable providers can buy airwaves and set up nodes for their customers’ use, they could pay Verizon less.It’s the first big sally into airwaves auctions by cable companies in over a decade.“This is the only good 5G spectrum they could get their hands on for awhile,” said Gregory Williams, an analyst with Cowen & Co.The airwaves to be sold are in the so-called CBRS band. The acronym stands for Citizens Broadband Radio Service. It’s located in the 3.5 gigahertz band. The auction runs as long as bidders are competing, a process that typically takes weeks to unfold.An auction in December is expected to produce even higher bids for spectrum in the so-called C-Band. It will offer swathes of airwaves congenial to mobile broadband, and to allow higher power transmissions that can send signals farther.The FCC bars participants from publicly signaling bidding strategies, and many declined to discuss the sale. Verizon, Comcast, Charter, AT&T, the Muscatine utility and the Arctic Slope cooperative all declined to comment or didn’t respond to queries.A robust sale with high total bids would bode well for 5G auctions to follow, including the C-band sale on Dec. 8 of airwaves to be surrendered by satellite providers, said Harold Feld, senior vice president for the Washington-based policy group Public Knowledge.“We’re going to see how much are companies willing to pay for this kind of 5G spectrum,” Feld said.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.


    Buy Deere Stock Because the Farm-Equipment Market Is Strong

    Jefferies analyst Stephen Volkmann raised earnings estimates for ag-equipment maker Deere, and lifted his price target to $200 from $165. He recommends buying Deere stock and is optimistic about the company’s outlook.

  • Deere Price Strength Climbs As 'Real Economy' Stocks Move Into Spotlight
    Investor's Business Daily

    Deere Price Strength Climbs As 'Real Economy' Stocks Move Into Spotlight

    A Relative Strength Rating upgrade for Deere & Company shows improving technical performance. Will it continue?


    The Manufacturing Sector Is on the Mend, New York Factory Survey Suggests

    The Federal Reserve Bank of New York said its Empire State manufacturing index, comprising survey results collected July 2 through July 9, rose for the first time since the pandemic took hold in the U.S.


    Farming Appears to be the Place to Look for Growth in the Second Half

    Deere was upgraded to Buy from Hold on Monday, while Nutrien, CF Industries and Corteva were raised to Buy from Sell.

  • Bloomberg

    Deere Cotton-Bale Packager Seeks Ban on Alleged China Knockoffs

    (Bloomberg) -- A company that develops packaging for cotton bales harvested with Deere & Co. tractors says it’s facing Chinese knockoffs and wants a U.S. trade agency to block the copycats from entering the country.Israel-based Tama Group and its U.S. unit filed a complaint on July 7 with the U.S. International Trade Commission saying two Chinese companies and their North American distributors are working together to sell cheaper replicas of a plastic wrapping Tama designed and patented more than a decade ago.TamaWrap is exclusively designed for John Deere tractors that Tama’s complaint says revolutionized cotton baling, enabling “a single machine to do what, until then, was impossible -- harvest, collect, bale, and uniquely wrap cotton with a single machine and on-board wraps.”Having an all-in-one John Deere machine is an advantage for growers, with nearly half of cotton harvesting globally still being done by hand.Cotton futures in the U.S. have climbed to four-month highs recently on concern that drought will hamper crops in Texas, the biggest U.S. state grower.But a global supply glut has been taking form in recent months amid pandemic lockdowns that have hit retail demand for clothing and other goods in the U.S. and abroad.The Chinese companies “seek to enter into the United States market for automated cotton harvesting on the backs of Deere and Tama only after Deere and Tama created the market in the first place, and are just now realizing the benefits of their tireless efforts to develop and foster this market,” Tama said in its ITC complaint.Order SoughtTama seeks an order preventing further imports of the rival packaging and a halt to sales of products already brought into the country.The ITC complaint names Zhejiang Yajia Cotton Picker Parts Co. and its distributor, Arkansas-based Southern Marketing Affiliates Inc. It also names Hai’an Xin Fu Yuan of Agricultural Science and Technology Co. and its distributor, Canada-based Gosun Business Development Co.Tama says the companies’ knockoffs use its trademarked yellow color and are designed to uniquely work inside John Deere machines, but don’t work as well. The company received exclusive patent rights in the U.S. for the plastic cotton-baling material in 2004, and TamaWrap launched in the country in 2009.TamaWrap’s material includes tracking technology known as radio frequency identification technology, or RFID, allowing user management of individual cotton bales and customer service through the Tama mobile app, the company said in its ITC complaint.Mirror LawsuitsTama filed mirror lawsuits against the companies seeking damages in federal courts in Texas. Those suits are typically put on hold until the ITC completes its investigation. The companies didn’t respond to requests for comment. Tama is also suing the two manufacturers individually in China, along with a third company, over the same technology, according to the complaint.The ITC case is In the Matter of Certain Wrapping Material and Methods for Use in Agricultural Applications, 337-3468, U.S. International Trade Commission (Washington). The district court cases are Tama Group v. Southern Marketing Affiliates, 20-1780, U.S. District Court for the Northern District of Texas (Dallas) and Tama Group v. Gosun Business Development Co., 20-2375, U.S. District Court for the Southern District of Texas (Houston)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • Moody's

    John Deere Owner Trust 2020-B -- Moody's assigns provisional ratings to John Deere Owner Trust 2020-B

    Moody's Investors Service, (Moody's) has assigned provisional ratings to the notes to be issued by John Deere Owner Trust 2020-B (JDOT 2020-B or the issuer), sponsored by John Deere Capital Corporation (JDCC; A2/P-1 stable), an indirect, wholly owned subsidiary of Deere & Company (Deere; A2/P-1 stable). JDCC also will be the servicer of the receivables backing the transaction and the administrator for the issuer.

  • Trump Insists That Schools Open, But Teachers Aren’t So Sure

    Trump Insists That Schools Open, But Teachers Aren’t So Sure

    (Bloomberg) -- President Donald Trump has made his position clear: “SCHOOLS MUST OPEN IN THE FALL!!!” he tweeted Monday. As Covid-19 surges in parts of the U.S., many teachers aren’t convinced.The pandemic’s ever-shifting nature has robbed school districts of the ability to plan with certainty -- not only for instruction, but to provide protective equipment and intensive cleaning. Even if a sustained decline in infections allows them to open their doors, many are preparing a mix of in-person and remote education that is certain to fall short of the president’s expectations.“The reality is that they have to map out several scenarios for the fall with the real possibility that they don’t know what the scenario will be on the first day of school,” said Betheny Gross, associate director of the Center on Reinventing Public Education at the University of Washington at Bothell, which has been tracking districts’ responses to the coronavirus shutdown.In Washington on Tuesday, Trump will host a gathering of health and education leaders -- as well as students and parents -- for an event billed as a “National Dialogue on Safely Reopening America’s Schools.”The event comes as many students approach five months without setting foot in a classroom. Proponents of returning say distance learning is hobbling children’s development and the economy, with parents trying to juggle work and their offspring. Many teachers say they’re well aware of the benefits of face-to-face instruction, but worry about endangering students and peers.Deborah Birx, coordinator of the White House’s coronavirus task force, told Bloomberg Radio on Tuesday that it’s important to keep students, teachers and administrators safe, as well as families that include older people.“I think if we put the child at the center and say, what is best for the American child? What experiences do they need? And when we come to the conclusion that they need to be in school, then we need to really figure out how to make that a safe environment,” Birx said. “We have to bring in testing into the schools.”Economic DragBut Trump’s demand that schools open this fall was a reminder of how politicized the issue has become. “It’s not surprising,” said Douglas Harris, chair of the Department of Economics at Tulane University in New Orleans and a public-education expert. “The economy can’t really open back up again until kids go back to school.”Lily Eskelsen Garcia, president of the National Education Association, the nation’s biggest teachers union, said schools need a massive allocation of federal stimulus funds to purchase protective equipment and hire cleaners. Senate Majority Leader Mitch McConnell on Monday predicted Congress this month will pass one final rescue package.Teachers agree that remote instruction isn’t optimal, said Randi Weingarten, president of the American Federation of Teachers. The real debate, she said, is around how to return to school safely -- and the need for money to do it right.“Either you have to be a moron about not understanding how government or schools work, or you have to be really callous and craven that you’d wait till the end, till it’s almost too late,” Weingarten said.To maintain social distancing, schools will have to use lunchrooms, gyms, libraries and trailers as classrooms. Some are considering rotating classes in mornings and afternoons or three days a week. Others may keep older pupils online, while using high-school classrooms for younger children who don’t learn well via Zoom, Garcia said.Gross said schools may also need to rotate through different scenarios as the school year goes on and the pandemic changes anew.In New York, Governor Andrew Cuomo on Monday reiterated that no decision has been made on whether students across the state will be able to return for in-person learning in the fall.“We obviously very much would like to,” Cuomo said, adding that New York City and 700 school districts are in the process of developing reopening plans that must be submitted to the state.In Texas, where Covid-19 cases have surged since the state embarked on one of the country’s most aggressive reopening plans, most teachers surveyed by the Houston Federation of Teachers have said they would prefer to not return to in-person learning until it is “safe,” according to Andy Dewey, the group’s executive vice president.Defining Safe“The definition of safe is where we have disagreement,” he said by phone Monday. “The problem is this: The district hasn’t given us any guidance on it because the district says the state hasn’t given any guidance on it.”The latest survey conducted by the El Paso branch of the AFT showed that just 7% of 790 respondents were in favor of full face-to-face learning at the start of the school year. About 20% said they supported a “hybrid” return, while roughly 72% said they favored remote learning. The city and surrounding area’s two main school districts both plan to start the first few weeks of the year virtually.Teachers for the Houston Independent School District have until the end of this week to decide whether they want to resign to avoid potentially being required to return to classrooms. After that, they risk having their teaching certificates suspended for a year if they defy an in-person start to the school year, with a permanent notation that could make it harder for them to get hired in other districts, Dewey said.Leslie LaFollette, a third-grade teacher at Kiker Elementary in Austin, said she’s prepared to move to Massachusetts, where her wife has family, if educators aren’t allowed to stick to online learning.“It’s drastic, but I’m willing to do that if we lose the option,” said LaFollette, 46. “I miss my kids, I want to be with them. But not to the detriment of their health and my health.”In Seattle, site of the first major U.S. outbreak, officials are pursuing a hybrid reopening. Parents have been asked to fill out a questionnaire with their preferences so the district can plan. In August, families must finalize their pick.“We’re focusing on making that as equitable and safe as possible,” said Julie Popper, spokeswoman for the Seattle Educational Association, which represents some 6,000 members, including teachers and staff.Before opening, the union wants to make sure Seattle is spending enough on staff and protective equipment to meet state health and safety rules, as well as adding custodial workers to disinfect, and having nurses and mental-health professionals in every school daily, Popper said.Peer InteractionIn North Carolina, Angie Mangin is optimistic about getting her two incoming eighth-graders back to school, especially her daughter, after having them home-learning since March.“My son wasn’t too affected by the change, but my daughter needs that interaction with her peers,” said Mangin, 54, who works in the insurance and risk department of Circle K convenience stores.Tulane’s Harris, who studies the economics of education and education policy, said there’s simply no guarantee everyone is going back. “It’s hard to imagine that schools will reopen fully in person on a large scale,” he said.Trump, who avoids wearing a mask in public and has convened rallies without social-distancing requirements, has urged local governments to reopen. Stacy Davis Gates, vice president of the Chicago Teachers Union and executive vice president of the Illinois Federation of Teachers, said she didn’t trust him to lead on education policy.“President Trump has been virtually missing in action with respect to keeping Americans safe countrywide,” Gates said. “It gives me a great amount of anxiety to know that he is going to set the standard for my children and America’s children.”(Updates with comment from Birx in sixth paragraph. A previous version of the story incorrectly spelled Betheny Gross in third paragraph.)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • Were Hedge Funds Right About Souring On Deere & Company (DE)?
    Insider Monkey

    Were Hedge Funds Right About Souring On Deere & Company (DE)?

    How do you pick the next stock to invest in? One way would be to spend days of research browsing through thousands of publicly traded companies. However, an easier way is to look at the stocks that smart money investors are collectively bullish on. Hedge funds and other institutional investors usually invest large amounts of […]

  • It's not just coronavirus: Why US-China relations are worsening on 'almost every front'
    Yahoo Finance

    It's not just coronavirus: Why US-China relations are worsening on 'almost every front'

    Eurasia’s Ian Bremmer weighs in on the escalating tensions between the U.S. and China.

  • Can Deere & Company's (NYSE:DE) ROE Continue To Surpass The Industry Average?
    Simply Wall St.

    Can Deere & Company's (NYSE:DE) ROE Continue To Surpass The Industry Average?

    While some investors are already well versed in financial metrics (hat tip), this article is for those who would like...

  • Deere (DE) Up 8.4% Since Last Earnings Report: Can It Continue?

    Deere (DE) Up 8.4% Since Last Earnings Report: Can It Continue?

    Deere (DE) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.

  • What stocks to watch as markets shift amid coronavirus recovery
    Yahoo Finance Video

    What stocks to watch as markets shift amid coronavirus recovery

    As markets begin to regain confidence, some companies that have taken some lumps from the coronavirus have started to recover. Managing Partner at Polaris Greystone Financial Group Jeff Powell joins The Final Round panel to break down why investors should shift to value stocks and move away from growth stocks

  • Focused on Unlocking Customer Value, Deere Announces New Operating Model
    CNW Group

    Focused on Unlocking Customer Value, Deere Announces New Operating Model

    --  Resources will be aligned to deliver a differentiated customer experience through production systems, an intuitive technology stack and lifecycle solutions. -- The new model is designed to unlock new value for customers and respond more quickly to changing market conditions. -- Deere will adopt a more disciplined approach to capital allocation by devoting research and investment dollars to the most promising and profitable opportunities.

  • Thomson Reuters StreetEvents

    Edited Transcript of DE earnings conference call or presentation 22-May-20 2:00pm GMT

    Q2 2020 Deere & Co Earnings Call

  • Where to Invest $10,000 Right Now
    Motley Fool

    Where to Invest $10,000 Right Now

    In other words, if you are going to invest $10,000 right now it's a good idea to do it in businesses you will be happy to hold even if the market has a temporary correction. In this context, let's look at why Raytheon Technologies (NYSE: RTX), PTC (NASDAQ: PTC) and Deere (NYSE: DE) are attractive stocks for long-term investors. The case for buying Raytheon Technologies is based on the fact that 55% of its revenue comes from defense.

  • Reuters

    U.S. manufacturers struggle to keep workers in face of weak demand

    Cheryl Wellman was able to bring back most of her furloughed workers last month with the help of a special government loan. Wellman, president of Integrity Metals LLC in Romeoville, Illinois, which makes metal parts for big companies including General Electric Co. and Honeywell International Inc. , was hoping for a surge of orders as the pandemic shutdowns lifted and companies moved to restock shelves. Integrity was able to rehire with the aid of just over $200,000 from the Paycheck Protection Program, or PPP, which offers forgivable government-backed loans.

  • Moody's

    Toyota Industries Corporation -- Moody's confirms Toyota Industries' A2 ratings; outlook negative

    Moody's Japan K.K. has today confirmed Toyota Industries Corporation's (TICO) A2 issuer and senior unsecured ratings. The rating outlook is changed to negative from rating under review. This action was primarily prompted by Moody's decision to confirm Toyota Motor Corporation's (TMC) A1 long-term ratings with a negative outlook, as announced on 27 May 2020.