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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 58 days
PROFIT SINCE LAST BUY
+14.16%
LAST CLOSE
$684.04
09/15/2026
(24-hour delay)

Advisory History & Simulated Performance *

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

09/15/2026: DE (4-star) is a STRONG-BUY. BUY for 58 days. Simulated Profits (14.16%). Updated daily EoD!

Deere & Company is a leading manufacturer of agricultural, construction, and forestry machinery, recognized for its strong dealership network and early adoption of precision farming technology. Its primary strength lies in integrating robust physical hardware with advanced AI and software solutions that improve user efficiency. The company’s growth story is centered on the ongoing automation of farming and infrastructure development. Risks include the cyclical nature of agricultural commodity markets, potential supply chain volatility, and intensifying competition from technology-focused rivals. Deere is generally suitable for long-term investors seeking an established industrial leader that has historically provided steady dividends and consistent shareholder value through market cycles.

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 fitGrowth is tied to cyclical agricultural cycles rather than steady secular tech-style expansion.
Momentum investorMixed fitPerformance is highly dependent on market cycles and commodity price trends.
Value investorStrong fitThe stock often trades at reasonable multiples relative to its long-term industrial franchise value.
Dividend investorStrong fitDeere has a consistent record of paying and growing its dividend.
Low-risk investorMixed fitThe stock's inherent volatility due to commodity market cycles may be too high for strictly risk-averse investors.

Risk Profile

Risk factorLevelWhy it matters
Price volatilityMediumThe stock price fluctuates with global commodity prices and agricultural economic cycles.
Valuation riskMediumInvestors may overpay during the peak of the agricultural cycle.
Competition risk (Heavy Equipment)MediumIntense global competition from CAT and CNH requires constant R&D investment.
Business qualityStrongThe company holds a strong brand and deep-moat dealership ecosystem.
Dividend incomeMediumDividend payouts are reliable but linked to corporate earnings power.
Execution riskMediumSuccessfully transitioning to a software-centric business model requires precise execution.

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 8.46%
Avg. Invested days 44
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 09/15/2026

Upturn Scorecard

Upturn Star Rating

DE receives a 3-star rating, supported by solid quantitative characteristics, and 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. Strong cash conversion and healthy margins support the rating, although capital efficiency remains below the highest tier.

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 183.74B USD
Price to earnings Ratio 37.92
1Y Target Price 688.44
Price to earnings Ratio 37.92
1Y Target Price 688.44
Volume (30-day avg) 1.3M shares
Beta 0.91
52 Weeks Range 429.14 - 705.88
Updated Date 09/15/2026
52 Weeks Range 429.14 - 705.88
Updated Date 09/15/2026
Dividends yield (FY) 0.96%
Basic EPS (TTM) 17.97

How Company Makes Money

Business areaWhat it includesRetail investor read
Agriculture & TurfLarge and small tractors, combines, and precision farming hardware and software.This is the core profit driver, benefiting from global demand for food and farm efficiency.
Construction & ForestryEarthmoving equipment and logging machinery.This segment tracks infrastructure and global housing demand.
Financial ServicesFinancing and leasing options for equipment buyers.Provides a secondary income stream and helps keep customer demand consistent.

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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Earnings Date

Report Date 2026-08-20
When Before Market
Estimate 4.79
Actual 5.1

Profitability

Profit Margin 10.17%
Operating Margin (TTM) 17.48%

Management Effectiveness

Return on Assets (TTM) 3.76%
Return on Equity (TTM) 18.24%

Valuation

Trailing PE 37.92
Forward PE 28.9
Enterprise Value 236.10B
Price to Sales(TTM) 3.83
Enterprise Value 236.10B
Price to Sales(TTM) 3.83
Enterprise Value to Revenue 5.04
Enterprise Value to EBITDA 20.2
Shares Outstanding 269.63M
Shares Floating 269.08M
Shares Outstanding 269.63M
Shares Floating 269.08M
Percent Insiders 0.17
Percent Institutions 84.45

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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: 09/15/2026)

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.