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Deere & Company(DE)

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ADVISORIES YOU CAN VERIFY
QUALITY SIGNAL RECENCY
4-STAR RATING
STRONG BUY
BUY for 67 days
PROFIT SINCE LAST BUY
+15.09% ▲
LAST CLOSE
$689.59
09/28/2026
(24-hour delay)

Advisory History & Simulated Performance *

*as per simulation (see disclosures)
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Upturn Advisory & Investor View for DE

09/28/2026: DE (4-star) is a STRONG-BUY. BUY for 67 days. Simulated Profits (15.09%). Updated daily EoD!

Deere & Company is a prominent global manufacturer of agricultural, construction, and forestry machinery, increasingly focused on integrated AI and autonomous technology. The company has a leading position in the machinery industry, benefiting from a vast dealer network and strong brand loyalty. Its primary growth opportunity lies in monetizing precision agriculture software and autonomous systems. However, the stock faces risks related to cyclical commodity markets, interest rate sensitivity, and evolving competition in the AgTech sector. For investors, the company represents a blend of mature industrial manufacturing and long-term technological innovation, often appealing to those seeking stable dividends combined with exposure to global industrial growth themes.

How to Read the Upturn Advisory

The Upturn Star Rating and the current BUY, SELL, or PASS advisory are generated by Upturn’s AI advisory engine based on proprietary signal analysis, price behavior, advisory history, and historical signal performance.

Company fundamentals, valuation, risks, and news provide supporting context about the business.

Investor Fit

Investor styleFitWhy
Growth investorMixed fitWhile innovative, growth is often tethered to cyclical industrial and agricultural demand patterns.
Momentum investorStrong fit while signal remains positiveThe stock can exhibit strong price trends during periods of high agricultural commodity prices.
Value investorStrong fitDeere often trades at reasonable multiples relative to its high-quality industrial brand and long-term earnings power.
Dividend investorStrong fitThe company has a consistent track record of dividend payments and share repurchases.
Low-risk investorMixed fitThe inherent cyclicality of the heavy machinery industry introduces periodic volatility.

Risk Profile

Risk factorLevelWhy it matters
Price volatilityMedium / highThe stock price is sensitive to cyclical shifts in farm income and global macro conditions.
Valuation riskMediumInvestors should monitor whether the premium for 'tech' integration is accurately reflected in current P/E ratios.
Competition risk (AgTech / Machinery)Medium / highPressure from both established peers and specialized AgTech startups requires constant R&D investment.
Business qualityStrongDeere holds a leading market position and maintains high-quality brand equity in the agricultural sector.
Dividend incomeMediumDividends are reliable, though growth may fluctuate based on capital intensity requirements.
Execution riskMediumSuccessfully transitioning to an autonomous, software-driven model is a complex operational challenge.

Price Behavior

Strong Uptrend
PRICE PATH

Strong Uptrend

The stock has maintained a strong upward price trend across the last three quarters.

Moderately Choppy
PRICE STABILITY

Moderately Choppy

The stock has experienced noticeable price swings while retaining some directional structure.

Analysis of Past Performance

Type Stock
Historic Profit 9.34%
Avg. Invested days 45
Today’s Advisory Strong Buy
Upturn Advisory Rating upturn star rating icon
Upturn Advisory Performance Upturn Advisory Performance icon 3.0
Stock Returns Performance Upturn Returns Performance icon 2.0
Upturn Profits based on simulation icon Profits based on simulation
Upturn last close icon Last Close 09/28/2026

Upturn Scorecard

Upturn Star Rating

★★★★★
DE receives a 3-star rating, supported by solid analyst coverage. The rating is constrained by weak price momentum, and limited analyst upside.

Company Fundamentals

★★★★★
DE has moderate overall fundamentals (3 stars), with solid financial health, soft growth momentum, and solid ownership. In FY2025 versus FY2024, solid cash generation (FCF margin 7.2%) and solid profitability (net margin 11.3%) are partially offset by negative earnings growth (-29.2%), negative revenue growth (-11.6%), very low insider ownership of 0.17%.

Financial Health Rating

★★★★★
DE's financial health is supported by strong cash strength, including free-cash-flow generation of $3.2B (7.2% of revenue). Profitability is moderate (3 stars), which helps explain the 4-star overall score.

Growth Momentum Score

★★★★★
DE's growth profile is soft, with the least-weak measure being revenue growth at -11.6% FY2025 versus FY2024. By comparison, while earnings growth (-29.2%, negative) and free-cash-flow growth (-27.0%, negative) hold the profile back, so recent growth is not broad-based across the business.

Ownership

★★★★★
Institutional ownership is 84.5% and approximately 99.8% of outstanding shares are publicly tradable, supporting liquidity and institutional participation. Insider ownership is only 0.17%, which materially reduces the ownership score.

Top 5 Institutional Investors

BlackRock Inc 6.79%
Vanguard Capital Management, LLC 6.13%
Capital World Investors 4.27%
State Street Corp 3.94%
JPMorgan Chase & Co 3.52%

Unit Economics (Per $1K Revenue)

★★★★★
DE generates approximately $365 of gross profit, $188 of operating income, and $72 of free cash flow for every $1,000 of revenue. Based on FY2025 results. Moderate margins and soft cash conversion support a 3-star rating, while capital efficiency is soft.

Economic Dimensions

★★★★★
Effective Tax Rate: 20.12%

Quantitative Style Profile

★★★★★
DE has a large-cap, liquid profile. Weak momentum is the primary drawback, while valuation that is moderately attractive rather than deeply discounted.

Style Classification

Quality Focused

Large / Mega Cap StabilityHighly Liquid / Institution-Friendly

Key Highlights

Company Size Large-Cap Stock
Market Capitalization 186.17B USD
Price to earnings Ratio 38.32
1Y Target Price 690.53
Price to earnings Ratio 38.32
1Y Target Price 690.53
Volume (30-day avg) 1.4M shares
Beta 0.91
52 Weeks Range 429.14 - 721.22
Updated Date 09/27/2026
52 Weeks Range 429.14 - 721.22
Updated Date 09/27/2026
Dividends yield (FY) 0.93%
Basic EPS (TTM) 18.02

How Company Makes Money

Business areaWhat it includesRetail investor read
Production & Precision AgLarge machinery sales and precision farming software subscriptions.The company earns money both by selling high-value hardware and recurring software fees.
Construction & ForestryEarthmoving and road-building equipment.This segment diversifies revenue beyond farming into infrastructure development.
Financial ServicesFinancing loans and insurance for customers.This captive bank helps facilitate sales and provides a stable source of interest income.
GeographyGlobal sales across North America, Europe, and South America.Deere is a global player whose revenue is tied to international commodity trade.

Analyzing Revenue: Products, Geography and Growth

Revenue by Products

Product revenue - Year on Year

Revenue by Geography

Geography revenue - Year on Year

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Valuation

Trailing PE 38.32
Forward PE 29.33
Enterprise Value 245.20B
Price to Sales(TTM) 3.88
Enterprise Value 245.20B
Price to Sales(TTM) 3.88
Enterprise Value to Revenue 5.09
Enterprise Value to EBITDA 20.43
Shares Outstanding 269.63M
Shares Floating 269.08M
Shares Outstanding 269.63M
Shares Floating 269.08M
Percent Insiders 0.17
Percent Institutions 84.46

Icon representing Upturn AI-generated SWOT analysis summary Upturn AI Summary

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Financial Metrics

🧭 Investment Snapshot

Total Revenue (Scale)

Information icon Total money earned from selling products or services before any costs. It is needed to understand the scale of the business and its ability to generate income.

Net Income (Profit)

Information icon Final profit after all expenses, interest, and taxes are deducted. It is needed to determine the overall profitability available to shareholders.

Free Cash Flow (Cash Strength)

Information icon Cash remaining after operating activities and capital expenditures, showing cash available for growth. It is needed to evaluate the company’s ability to invest, pay dividends, or reduce debt.

📈 Growth & Strength

Operating Income (Core Profit)

Information icon Profit from core operations after deducting all operating expenses. It is needed to measure how efficiently the company runs its primary business activities.

EBITDA (Cash Earnings)

Information icon Earnings before interest, taxes, depreciation, and amortization, indicating operating cash potential. It is needed to compare operating performance across companies without accounting or financing differences.

Gross Profit (Unit Profitability)

Information icon Revenue minus cost of revenue, showing profit after direct production costs. It is needed to evaluate core business profitability before overhead expenses.

🛡️ Financial Safety

Cash (Liquidity Buffer)

Information icon Total cash and cash equivalents on hand. It is needed to evaluate immediate liquidity and financial flexibility.

Total Debt (Leverage Risk)

Information icon Total debt including both short-term and long-term components. It is needed to assess the company’s leverage and financial risk.

Net Working Capital (Short-Term Health)

Information icon Current assets minus current liabilities, indicating short-term liquidity strength. It is needed to assess whether the company can meet its short-term obligations.

🧱 Balance Sheet Strength

Stockholder Equity (Net Worth)

Information icon Total equity value held by shareholders. It is needed to understand the net worth of the company from the owners’ perspective.

Total Assets (Asset Base)

Information icon The full value of everything the company owns, including cash, inventory, equipment, and investments. It is needed to understand the resource base used to generate revenue.

Income Before Tax (Pre-Tax Earnings)

Information icon Income before provision for income taxes. It is needed to analyze profitability independent of tax structures.

⚙️ Cost & Drag Factors

Cost of Revenue (Production Cost)

Information icon Direct costs required to produce and deliver the products or services sold. It is needed to assess efficiency in production and service delivery.

Total Operating Expenses (Operating Cost)

Information icon Indirect costs of running the business such as salaries, marketing, and administration. It is needed to understand how much it costs to sustain ongoing business operations.

Income Tax Expense (Tax Drag)

Information icon Amount of taxes paid or payable to the government. It is needed to evaluate the impact of taxation on overall profitability.

News (Last Updated: 09/29/2026)

About Deere & Company

Exchange NYSE
Headquarters Moline, IL, United States
IPO Launch date 1972-06-01
Chairman, President & CEO Mr. John C. May II
Sector Industrials
Industry Farm & Heavy Construction Machinery
Full time employees 73100
Full time employees 73100

Deere & Company engages in the manufacture and distribution of various equipment worldwide. The company operates through four segments: Production and Precision Agriculture, Small Agriculture and Turf, Construction and Forestry, and Financial Services. The Production and Precision Agriculture segment provides four-wheel-drive track and row crop tractors, harvesters, cotton pickers and strippers, sugarcane harvesters and loaders, soil preparation, tillage, seeding, and crop care equipment, as well as application equipment, including sprayers and nutrient management, soil preparation machinery, and related attachments and service parts. The Small Agriculture and Turf segment offers specialty, utility, and compact tractors; self-propelled forage harvesters and attachments; rotary mowers, hay and forage equipment, and utility vehicles; turf and utility equipment, including riding lawn, commercial mowing, and golf course equipment, and utility vehicles, as well as implements for mowing, tilling, snow and debris handling, aerating, residential, commercial, golf, and sports turf care applications. The Construction and Forestry segment provides backhoe loaders, crawler dozers and loaders, four-wheel-drive loaders, excavators, motor graders, articulated dump trucks, skid-steer loaders, milling machines, recyclers, slipform and asphalt pavers, surface miners, compactors, tandem, static rollers, mobile crushers and screens, mobile and stationary asphalt plants, and log harvesters; and road building and rehabilitation equipment. The Financial Services segment finances sales and leases agriculture and turf, and construction and forestry equipment. It also offers wholesale financing to dealers of the foregoing equipment; and extended equipment warranties. Deere & Company has a strategic partnership with Tarter USA to develop and produce flex wing rotary cutters. The company was founded in 1837 and is headquartered in Moline, Illinois.