Robert W. Baird reissued their buy rating on shares of Deere & Company (NYSE:DE) in a research report released on Friday, January 12th. They currently have a $185.00 target price on the industrial products company’s stock.
A number of other analysts have also issued reports on DE. Deutsche Bank reiterated a hold rating and set a $129.00 price target (down from $135.00) on shares of Deere & Company in a research note on Monday, October 9th. BMO Capital Markets reiterated a buy rating and set a $150.00 price target on shares of Deere & Company in a research note on Thursday, November 2nd. Zacks Investment Research upgraded shares of Deere & Company from a hold rating to a buy rating and set a $150.00 price target on the stock in a research note on Thursday, November 2nd. Royal Bank of Canada reiterated a sector perform rating and set a $155.00 price target (up from $134.00) on shares of Deere & Company in a research note on Wednesday, November 22nd. Finally, Wells Fargo & Co reissued a buy rating and set a $170.00 price objective on shares of Deere & Company in a research report on Thursday, November 23rd. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and fourteen have issued a buy rating to the stock. Deere & Company presently has a consensus rating of Buy and a consensus target price of $152.13.
Shares of Deere & Company (NYSE:DE) traded down $2.89 on Friday, reaching $164.96. 2,568,479 shares of the company traded hands, compared to its average volume of 1,980,000. The stock has a market cap of $53,000.00, a price-to-earnings ratio of 24.81, a P/E/G ratio of 2.51 and a beta of 0.75. Deere & Company has a 12-month low of $106.72 and a 12-month high of $171.96. The company has a debt-to-equity ratio of 2.71, a quick ratio of 1.95 and a current ratio of 2.12.
Deere & Company (NYSE:DE) last issued its quarterly earnings results on Wednesday, November 22nd. The industrial products company reported $1.57 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.47 by $0.10. The company had revenue of $7.09 billion for the quarter, compared to analyst estimates of $6.91 billion. Deere & Company had a net margin of 7.22% and a return on equity of 26.31%. The business’s revenue for the quarter was up 25.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.90 earnings per share. research analysts anticipate that Deere & Company will post 8.15 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, February 1st. Investors of record on Friday, December 29th were issued a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 1.45%. The ex-dividend date was Thursday, December 28th. Deere & Company’s dividend payout ratio (DPR) is 36.09%.
In other news, CFO Rajesh Kalathur sold 4,519 shares of the stock in a transaction that occurred on Wednesday, November 29th. The stock was sold at an average price of $148.92, for a total value of $672,969.48. Following the completion of the sale, the chief financial officer now directly owns 36,288 shares of the company’s stock, valued at $5,404,008.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider James M. Field sold 48,427 shares of the stock in a transaction that occurred on Tuesday, November 28th. The shares were sold at an average price of $147.98, for a total value of $7,166,227.46. The disclosure for this sale can be found here. Insiders sold 211,746 shares of company stock valued at $31,325,415 over the last three months. Corporate insiders own 0.74% of the company’s stock.
Institutional investors have recently added to or reduced their stakes in the company. LeJeune Puetz Investment Counsel LLC purchased a new stake in shares of Deere & Company during the fourth quarter worth approximately $101,000. Cerebellum GP LLC purchased a new stake in shares of Deere & Company during the fourth quarter worth approximately $132,000. TCI Wealth Advisors Inc. raised its stake in shares of Deere & Company by 107.3% during the fourth quarter. TCI Wealth Advisors Inc. now owns 885 shares of the industrial products company’s stock worth $139,000 after purchasing an additional 458 shares during the last quarter. QCI Asset Management Inc. NY raised 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 purchasing an additional 150 shares during the last quarter. Finally, Wealthcare Advisory Partners LLC purchased a new stake in shares of Deere & Company during the third quarter worth approximately $144,000. Institutional investors and hedge funds own 67.31% 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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