Deere & Company (NYSE:DE) has received an average rating of “Buy” from the twenty-five brokerages that are presently covering the stock, MarketBeat.com reports. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and fifteen have assigned a buy rating to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $174.29.
A number of equities research analysts have recently issued reports on DE shares. ValuEngine upgraded Deere & Company from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. Stifel Nicolaus restated a “buy” rating and set a $184.00 price objective (up previously from $161.00) on shares of Deere & Company in a report on Wednesday, January 17th. Citigroup boosted 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. Robert W. Baird restated a “buy” rating and set a $185.00 price objective on shares of Deere & Company in a report on Friday, January 12th. Finally, Vetr cut Deere & Company from a “strong-buy” rating to a “buy” rating and set a $168.58 price objective for the company. in a report on Tuesday, February 13th.
In other Deere & Company news, insider James M. Field sold 22,095 shares of the company’s stock in a transaction on Friday, January 12th. The stock was sold at an average price of $170.06, for a total transaction of $3,757,475.70. Following the completion of the sale, the insider now directly owns 95,832 shares in the company, valued at $16,297,189.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Samuel R. Allen sold 269,353 shares of the company’s stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $163.83, for a total value of $44,128,101.99. Following the sale, the chief executive officer now owns 361,166 shares of the company’s stock, valued at $59,169,825.78. The disclosure for this sale can be found here. Insiders have sold 380,397 shares of company stock valued at $62,811,005 over the last 90 days. Corporate insiders own 0.74% of the company’s stock.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Capital International Investors lifted its stake in Deere & Company by 35.4% during the third quarter. Capital International Investors now owns 8,807,474 shares of the industrial products company’s stock worth $1,106,131,000 after purchasing an additional 2,300,531 shares during the last quarter. Lazard Asset Management LLC lifted its stake in Deere & Company by 11.4% during the fourth quarter. Lazard Asset Management LLC now owns 2,740,365 shares of the industrial products company’s stock worth $428,894,000 after purchasing an additional 280,750 shares during the last quarter. Janus Henderson Group PLC lifted its stake in Deere & Company by 128.2% during the third quarter. Janus Henderson Group PLC now owns 2,587,339 shares of the industrial products company’s stock worth $324,942,000 after purchasing an additional 1,453,754 shares during the last quarter. TIAA CREF Investment Management LLC lifted its stake in Deere & Company by 27.0% during the fourth quarter. TIAA CREF Investment Management LLC now owns 1,392,357 shares of the industrial products company’s stock worth $217,918,000 after purchasing an additional 296,148 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. lifted its stake in Deere & Company by 2.6% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 1,268,677 shares of the industrial products company’s stock worth $198,561,000 after purchasing an additional 32,622 shares during the last quarter. Hedge funds and other institutional investors own 67.32% of the company’s stock.
Shares of NYSE:DE opened at $145.39 on Thursday. Deere & Company has a 12-month low of $107.04 and a 12-month high of $175.26. The company has a market cap of $47,075.54, a PE ratio of 19.81, a PEG ratio of 2.69 and a beta of 0.80. The company has a debt-to-equity ratio of 2.85, a current ratio of 1.98 and a quick ratio of 1.69.
Deere & Company (NYSE:DE) last issued its quarterly earnings data on Friday, February 16th. The industrial products company reported $1.31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.16 by $0.15. Deere & Company had a return on equity of 27.18% and a net margin of 4.57%. The company had revenue of $5.97 billion during the quarter, compared to analysts’ expectations of $6.41 billion. During the same quarter in the previous year, the company posted $0.61 earnings per share. The business’s revenue was up 27.2% on a year-over-year basis. sell-side analysts predict that Deere & Company will post 9.55 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, May 1st. Shareholders of record on Thursday, March 29th will be paid a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 1.65%. The ex-dividend date of this dividend is Wednesday, March 28th. Deere & Company’s payout ratio is presently 35.93%.
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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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