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Deere ( (DE) ) has issued an announcement.
On April 28, 2026, Deere & Company’s board elected 44-year-old T. Brent Norwood as senior vice president and chief financial officer, effective May 1, 2026, succeeding acting CFO Ryan D. Campbell, who remains president of the Worldwide Construction & Forestry and Power Systems businesses. Norwood’s appointment, following an internal and external search, elevates a long-time Deere insider with extensive experience in finance, investor relations, strategic investments, and major acquisitions, signaling continuity in the company’s financial strategy and support for its Smart Industrial and Leap Ambitions initiatives.
Norwood has held key roles at Deere since joining full-time in 2013, including vice president and finance director for Construction and Forestry and John Deere Power Systems, and he previously worked in capital markets, equity research, and principal investing. In connection with his promotion, he will receive a $925,000 annualized salary, eligible short-term incentives, and a performance-based restricted stock unit award, reinforcing alignment between his compensation and long-term value creation for shareholders.
The most recent analyst rating on (DE) stock is a Buy with a $750.00 price target. To see the full list of analyst forecasts on Deere stock, see the DE Stock Forecast page.
Spark’s Take on DE Stock
According to Spark, TipRanks’ AI Analyst, DE is a Outperform.
The score is driven primarily by solid underlying profitability and constructive technical momentum, supported by a generally positive earnings update with raised cash-flow guidance and improving order books. Offsetting factors are a leveraged balance-sheet profile and moderate cash conversion, plus a relatively expensive valuation (high P/E and modest yield) amid tariff and large-ag demand risks.
To see Spark’s full report on DE stock, click here.
More about Deere
Deere & Company, known by its John Deere brand, is a global manufacturer of agricultural, construction, and forestry equipment as well as turf care and power systems. The company focuses on technologies and machinery that support the production of food, fiber, fuel, and infrastructure, positioning it as a key player in essential industrial and agricultural supply chains.
Average Trading Volume: 1,535,181
Technical Sentiment Signal: Buy
Current Market Cap: $159.3B
See more insights into DE stock on TipRanks’ Stock Analysis page.