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Deere & Company

DE · NYSE

Market closed$597.24$-1.73 (-0.29%)After hours $597.97 · +0.12%

Key statistics

Previous close$598.97
Open$596.38
Day high$614.92
Day low$595.74
52-week high$674.19
52-week low$433.00
Market cap161.22B
Volume762.74K
Average volume1.26M
P/E ratio33.84
Forward P/E28.28
EPS17.65
Dividend yield+1.08%

Market context

Why it moved

Deere & Company shares edged lower amid a broad market selloff driven by a tech-led downturn, stalled global disinflation raising "higher for longer" rate concerns, and cooling manufacturing sentiment that weighed on industrial and agricultural equipment demand outlooks.

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What is happening

Recent company-specific developments and publisher coverage.

July 17, 2026Deere & Company closed modestly lower, retreating from an intraday high of $614.92, as a broader technology-led selloff weighed on equities amid renewed U.S.-Iran military tensions and AI growth concerns. Despite the day's dip, investor sentiment remains constructive: DA Davidson reiterated a Buy rating with a $685 price target, Erste Group Bank made a minor trim to its FY2027 EPS estimate while still forecasting $22.81 — well above consensus — and continued institutional accumulation was evident in fresh 13F filings. Key narrative drivers include Deere's FTC right-to-repair settlement, which formalizes expanded tool access for farmers over 10 years, and the company's $20B precision agriculture strategy, both shaping the longer-term investment thesis.

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July 17, 2026Deere & Company closed higher, outperforming a broadly weaker S&P 500 that slipped 0.4% amid AI stock selling pressure and rising oil prices. Investor sentiment around Deere has been buoyed by a confluence of positive catalysts: the company's Q2 earnings beat of $6.55 EPS (vs. $5.70 est.) on $13.37B in revenue marked four consecutive quarters of EPS beats, while CFO Norwood signaled fiscal 2026 as the ag cycle bottom. Notably, Deere settled its FTC right-to-repair dispute — seen by some as a net positive for customer relationships — and Truist recently lifted its price target to $812, reinforcing a Moderate Buy consensus with an average target of ~$643.

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July 16, 2026Deere & Company edged higher, outperforming the broader industrials sector (XLI), supported by a confluence of bullish narratives including its $20 billion precision agriculture investment push and a strong Q2 earnings beat ($6.55 EPS vs. $5.70 consensus). Analyst sentiment remains constructive with a Moderate Buy consensus and a ~$643 average price target, while Citigroup raised its target to $610. Offsetting some optimism, Deere's FTC right-to-repair settlement — requiring it to provide farmers and independent repair shops equal access to repair resources for 10 years — raised concerns over aftermarket revenue control.

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July 15, 2026Deere & Company closed essentially flat, edging down less than 0.25%, even as the broader S&P 500 finished modestly higher on a softer-than-expected June CPI print. Investor attention remains on Deere's $20 billion U.S. precision agriculture investment pledge, its Q2 earnings beat ($6.55 EPS vs. $5.70 expected), and CEO John May's view that 2026 marks the cycle bottom — though UBS cautioned that construction machinery is recovering faster than agriculture. An FTC right-to-repair settlement, requiring Deere to grant independent repair access for 10 years, continues to weigh on sentiment around after-sales economics, while the consensus analyst target of $642.23 implies meaningful upside from current levels.

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July 14, 2026Deere & Company shares closed essentially flat amid a broadly risk-off session as renewed U.S.-Iran hostilities sent oil prices surging and weighed on equities, with the industrials sector ETF (XLI) also pulling back. Investor focus remains on Deere's strong Q2 fiscal 2026 earnings beat ($6.55 EPS vs. $5.70 expected) and CEO John May's declaration that 2026 marks the 'bottom of the current cycle,' while a fresh $20 billion U.S. manufacturing investment pledge and a precision ag platform with 440,000 monthly active users reinforce the long-term bull case. Citigroup raised its price target to $610 from $575 (maintaining Neutral), and the consensus stands at Moderate Buy with a $642 average target, though Deere's FTC right-to-repair settlement continues to cloud after-sales revenue prospects.

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July 11, 2026Deere & Company shares edged lower, underperforming the broader industrials sector (XLI), as investors weighed a mixed news backdrop headlined by the company's FTC right-to-repair settlement. The deal, reached with the FTC and five state attorneys general, mandates Deere allow farmers and independent shops to repair their own equipment — removing a major legal overhang but raising concerns about long-term pressure on the company's high-margin aftermarket and servicing business. Meanwhile, a Barron's piece flagged that deteriorating farm economics could actually be a contrarian buy signal for ag-equipment stocks, and Wall Street maintains a 'Moderate Buy' consensus with a $642 average price target, well above current levels.

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July 10, 2026Deere & Company closed modestly lower as a confluence of headwinds weighed on investor sentiment, including renewed U.S.-Iran military escalation that pushed oil prices sharply higher and reignited inflation fears, a still-soft large agriculture demand backdrop, and ongoing concerns that the stock's valuation had already priced in a farm-cycle recovery after its significant rebound from 52-week lows. The week also brought a right-to-repair settlement with the FTC and five states — removing a legal overhang but raising longer-term questions about Deere's control over its high-margin aftermarket ecosystem. Analysts maintain a "Moderate Buy" consensus with a $642.23 average price target, well above current levels, supported by the company's Q2 earnings beat ($6.55 EPS vs. $5.70 expected) and a quarterly dividend of $1.62 per share payable August 10.

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July 9, 2026Deere & Company shares closed modestly lower, extending Tuesday's steep 6.6% machinery sector selloff as investors continue to grapple with a weak large-agriculture backdrop and valuation concerns. The broader pressure stems from geopolitical risk — Trump declaring the U.S.-Iran ceasefire 'over' sent oil prices surging ~5%, stoking inflation fears and a risk-off tone across industrials — while company-specific headwinds include the unchanged fiscal 2026 profit outlook and analyst caution around delayed North American large-ag recovery potentially until 2028. Separately, Deere reached a right-to-repair settlement with the FTC and five states, agreeing to provide farmers and independent technicians access to diagnostic tools.

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Benzinga · July 17, 2026Here's How Much $1000 Invested In Deere 10 Years Ago Would Be Worth TodayMichigan Farm News · July 17, 2026John Deere See & Spray: Technology that pays for itself in the fieldFarm Equipment News · July 16, 2026Dealers Voice 6 Areas of Concern over FTC Rulings vs. Deere in Right-to-Repair SuitsFarm Progress · July 16, 2026John Deere settles right-to-repair case with FTCThe Western Producer · July 15, 2026John Deere unveils new ‘power-dense’ tractorThe Colorado Sun · July 15, 2026John Deere agrees to landmark “right to repair” settlement driven by Colorado farmersNFIB · July 14, 2026John Deere Settlement Paves the Way for Right to Repair for Small BusinessesABC News - Breaking News, Latest News and Videos · July 8, 2026John Deere owners will get the right to repair their own equipment under a new FTC settlement
Benzinga · July 17, 2026Here's How Much $1000 Invested In Deere 10 Years Ago Would Be Worth Today
Benzinga · July 14, 2026Citigroup Maintains Neutral on Deere, Raises Price Target to $610
Mt Newswire · July 13, 2026Citigroup Adjusts Price Target on Deere & Co. to $610 From $575, Maintains Neutral Rating
Mt Newswire · July 8, 2026Deere Reaches Deal With FTC, Five States on Access to Repair Tools for Agricultural Equipment
Benzinga · July 8, 2026John Deere Announces Farmers, Ranchers To Have Access To Diagnostic, Repaid Tools Under Deal Reached With Federal Trade Commission, Five U.S. States
Benzinga · July 4, 2026Trump Faces New Questions As Report Says Boeing, Lockheed, Palantir and Other Federal Contractors Supported Both America250 and His Freedom 250 Initiative
Benzinga · July 3, 2026Here's How Much $1000 Invested In Deere 10 Years Ago Would Be Worth Today
Benzinga · July 2, 2026Truist Securities Maintains Buy on Deere, Raises Price Target to $812

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