Deere & Company (NYSE:DE) had its price target raised by Deutsche Bank from $129.00 to $149.00 in a research note issued to investors on Thursday, November 16th. The brokerage currently has a hold rating on the industrial products company’s stock.
A number of other analysts have also weighed in on DE. Robert W. Baird lowered shares of Deere & Company from an outperform rating to a neutral rating and reduced their price objective for the stock from $140.00 to $130.00 in a research report on Friday, August 18th. Goldman Sachs Group raised shares of Deere & Company from a buy rating to a conviction-buy rating and set a $129.75 price objective on the stock in a research report on Monday, August 7th. Argus reissued a buy rating and issued a $140.00 price objective on shares of Deere & Company in a research report on Tuesday, August 22nd. Piper Jaffray Companies set a $119.00 price objective on shares of Deere & Company and gave the stock a hold rating in a research report on Friday, August 25th. Finally, Bank of America reduced their price objective on shares of Deere & Company from $145.00 to $130.00 and set a neutral rating on the stock in a research report on Monday, August 21st. Three equities research analysts have rated the stock with a sell rating, nine have given a hold rating and twelve have given a buy rating to the company’s stock. The company currently has an average rating of Hold and an average price target of $140.33.
Deere & Company (NYSE DE) traded up $1.03 on Thursday, hitting $150.97. 1,893,403 shares of the company’s stock traded hands, compared to its average volume of 2,403,813. Deere & Company has a twelve month low of $100.05 and a twelve month high of $152.68. The company has a market cap of $48,510.00, a P/E ratio of 22.58, a PEG ratio of 2.31 and a beta of 0.77. The company has a debt-to-equity ratio of 2.71, a current ratio of 2.12 and a quick ratio of 1.95.
Deere & Company (NYSE:DE) last released its quarterly earnings data on Wednesday, November 22nd. The industrial products company reported $1.57 EPS for the quarter, beating the consensus estimate of $1.47 by $0.10. Deere & Company had a net margin of 7.22% and a return on equity of 26.31%. The business had revenue of $7.09 billion during the quarter, compared to the consensus estimate of $6.91 billion. During the same quarter in the prior year, the firm earned $0.90 EPS. The business’s revenue was up 25.6% on a year-over-year basis. analysts forecast that Deere & Company will post 7.9 earnings per share for the current year.
In other Deere & Company news, VP Mary K.W. Jones sold 34,136 shares of the firm’s stock in a transaction that occurred on Tuesday, November 28th. The shares were sold at an average price of $124.72, for a total value of $4,257,441.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Rajesh Kalathur sold 4,519 shares of the firm’s stock in a transaction that occurred on Wednesday, November 29th. The shares were sold at an average price of $148.92, for a total transaction of $672,969.48. Following the completion of the sale, the chief financial officer now owns 36,288 shares of the company’s stock, valued at $5,404,008.96. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 189,766 shares of company stock worth $25,367,448. Insiders own 0.75% of the company’s stock.
Several large investors have recently bought and sold shares of DE. QCI Asset Management Inc. NY lifted its stake in shares of Deere & Company by 18.8% during the second quarter. QCI Asset Management Inc. NY now owns 950 shares of the industrial products company’s stock worth $117,000 after buying an additional 150 shares during the period. Guardian Life Insurance Co. of America raised its holdings in shares of Deere & Company by 1.4% during the first quarter. Guardian Life Insurance Co. of America now owns 1,132 shares of the industrial products company’s stock worth $123,000 after purchasing an additional 16 shares during the last quarter. Arrow Financial Corp raised its holdings in shares of Deere & Company by 5.2% during the second quarter. Arrow Financial Corp now owns 1,010 shares of the industrial products company’s stock worth $125,000 after purchasing an additional 50 shares during the last quarter. Wealthcare Advisory Partners LLC purchased a new position in shares of Deere & Company during the third quarter worth $144,000. Finally, Harfst & Associates Inc. raised its holdings in shares of Deere & Company by 44.2% during the second quarter. Harfst & Associates Inc. now owns 1,175 shares of the industrial products company’s stock worth $145,000 after purchasing an additional 360 shares during the last quarter. Institutional investors and hedge funds own 67.75% of the company’s stock.
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Deere & Company Company Profile
Deere & Company is engaged in equipment operations. The Company is engaged in providing financial services. The Company operates through three business segments: agriculture and turf, construction and forestry, and financial services. The agriculture and turf segment manufactures and distributes a line of agriculture and turf equipment and related service parts.
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