Deere & Company (NYSE:DE)‘s stock had its “hold” rating restated by equities research analysts at Seaport Global Securities in a research note issued on Thursday, January 18th.
A number of other research firms have also weighed in on DE. Deutsche Bank raised Deere & Company from a “hold” rating to a “buy” rating and upped their price objective for the stock from $149.00 to $167.00 in a research report on Thursday, November 23rd. Zacks Investment Research raised Deere & Company from a “hold” rating to a “buy” rating and set a $150.00 target price on the stock in a report on Thursday, November 2nd. Barclays initiated coverage on Deere & Company in a report on Tuesday, December 12th. They set an “overweight” rating and a $167.00 price objective on the stock. Citigroup raised their price objective on Deere & Company from $165.00 to $200.00 and gave the stock a “buy” rating in a report on Tuesday, January 16th. Finally, ValuEngine raised Deere & Company from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $155.21.
Shares of Deere & Company (NYSE DE) traded up $4.41 during trading on Thursday, hitting $159.21. The stock had a trading volume of 2,340,000 shares, compared to its average volume of 2,230,000. The firm has a market cap of $51,150.00, a PE ratio of 23.94, a P/E/G ratio of 2.32 and a beta of 0.75. Deere & Company has a fifty-two week low of $106.72 and a fifty-two week high of $171.96. The company has a current ratio of 2.12, a quick ratio of 1.95 and a debt-to-equity ratio of 2.71.
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 analysts’ consensus estimates of $1.47 by $0.10. Deere & Company had a return on equity of 26.31% and a net margin of 7.22%. The firm had revenue of $7.09 billion for the quarter, compared to analysts’ expectations of $6.91 billion. During the same period in the prior year, the firm posted $0.90 earnings per share. The firm’s quarterly revenue was up 25.6% on a year-over-year basis. research analysts forecast that Deere & Company will post 8.15 earnings per share for the current fiscal year.
In other news, insider James M. Field sold 22,095 shares of the business’s stock in a transaction dated Friday, January 12th. The shares were sold at an average price of $170.06, for a total value of $3,757,475.70. Following the completion of the sale, the insider now owns 95,832 shares of the company’s stock, valued at approximately $16,297,189.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Rajesh Kalathur sold 4,519 shares of the business’s stock in a transaction dated Wednesday, November 29th. The stock was 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 directly owns 36,288 shares of the company’s stock, valued at approximately $5,404,008.96. The disclosure for this sale can be found here. Insiders have sold a total of 187,603 shares of company stock worth $28,058,143 in the last 90 days. Company insiders own 0.74% of the company’s stock.
Institutional investors have recently bought and sold shares of the business. LeJeune Puetz Investment Counsel LLC acquired a new stake in shares of Deere & Company in the 4th quarter worth approximately $101,000. Cerebellum GP LLC acquired a new stake in shares of Deere & Company in the 4th quarter worth approximately $132,000. TCI Wealth Advisors Inc. lifted its stake in shares of Deere & Company by 107.3% in the 4th quarter. TCI Wealth Advisors Inc. now owns 885 shares of the industrial products company’s stock worth $139,000 after acquiring an additional 458 shares during the period. Wealthcare Advisory Partners LLC acquired a new stake in shares of Deere & Company in the 3rd quarter worth approximately $144,000. Finally, Harfst & Associates Inc. lifted its stake in shares of Deere & Company by 44.2% in the 2nd quarter. Harfst & Associates Inc. now owns 1,175 shares of the industrial products company’s stock worth $145,000 after acquiring an additional 360 shares during the period. 66.84% of the stock is owned by hedge funds and other institutional investors.
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About Deere & Company
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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