Deere & Company (NYSE:DE) had its price objective upped by Deutsche Bank AG from $129.00 to $149.00 in a research note published on Thursday. They currently have a hold rating on the industrial products company’s stock.
DE has been the subject of several other research reports. ValuEngine raised shares of Deere & from a hold rating to a buy rating in a research note on Friday, September 1st. Jefferies Group LLC reaffirmed a hold rating and issued a $125.00 price objective on shares of Deere & in a research note on Wednesday, August 9th. Zacks Investment Research raised shares of Deere & from a hold rating to a buy rating and set a $150.00 price objective for the company in a research note on Thursday, November 2nd. Goldman Sachs Group, Inc. (The) reaffirmed a buy rating on shares of Deere & in a research note on Sunday, August 20th. Finally, Credit Suisse Group lowered shares of Deere & from a neutral rating to an outperform rating in a research note on Tuesday, August 22nd. Three research analysts have rated the stock with a sell rating, thirteen have given a hold rating and ten have issued a buy rating to the company. The stock has an average rating of Hold and a consensus price target of $130.08.
Deere & (NYSE DE) traded up $1.16 during mid-day trading on Thursday, hitting $135.77. 1,957,893 shares of the company traded hands, compared to its average volume of 1,857,634. The company has a debt-to-equity ratio of 2.76, a quick ratio of 1.90 and a current ratio of 2.10. Deere & has a 1-year low of $91.33 and a 1-year high of $136.69. The firm has a market cap of $43,622.50, a price-to-earnings ratio of 22.74, a PEG ratio of 2.46 and a beta of 0.73.
Deere & (NYSE:DE) last released its quarterly earnings data on Friday, August 18th. The industrial products company reported $1.97 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.93 by $0.04. Deere & had a net margin of 6.81% and a return on equity of 25.96%. The business had revenue of $6.83 billion during the quarter, compared to analyst estimates of $6.92 billion. During the same quarter in the previous year, the business earned $1.55 EPS. Deere &’s quarterly revenue was up 16.6% compared to the same quarter last year. sell-side analysts anticipate that Deere & will post 6.48 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 1st. Stockholders of record on Friday, September 29th were given a dividend of $0.60 per share. The ex-dividend date of this dividend was Thursday, September 28th. This represents a $2.40 annualized dividend and a dividend yield of 1.77%. Deere &’s dividend payout ratio (DPR) is currently 40.20%.
In other news, insider Max A. Guinn sold 7,174 shares of Deere & stock in a transaction dated Friday, October 27th. The shares were sold at an average price of $132.98, for a total transaction of $953,998.52. Following the sale, the insider now directly owns 49,562 shares in the company, valued at approximately $6,590,754.76. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Pentz Markwart Von sold 46,457 shares of Deere & stock in a transaction dated Tuesday, August 22nd. The shares were sold at an average price of $116.74, for a total transaction of $5,423,390.18. Following the sale, the insider now owns 47,165 shares in the company, valued at $5,506,042.10. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 149,141 shares of company stock worth $18,694,199. 0.85% of the stock is owned by company insiders.
Several institutional investors have recently modified their holdings of DE. Capital Planning Advisors LLC acquired a new stake in shares of Deere & during the 1st quarter valued at about $270,000. Segall Bryant & Hamill LLC boosted its position in Deere & by 4.0% in the first quarter. Segall Bryant & Hamill LLC now owns 5,002 shares of the industrial products company’s stock valued at $544,000 after buying an additional 194 shares in the last quarter. Ngam Advisors L.P. boosted its position in Deere & by 20.8% in the first quarter. Ngam Advisors L.P. now owns 427,136 shares of the industrial products company’s stock valued at $46,498,000 after buying an additional 73,484 shares in the last quarter. L & S Advisors Inc boosted its position in Deere & by 186.2% in the first quarter. L & S Advisors Inc now owns 9,187 shares of the industrial products company’s stock valued at $1,000,000 after buying an additional 5,977 shares in the last quarter. Finally, Marco Investment Management LLC acquired a new position in Deere & in the first quarter valued at about $203,000. Institutional investors and hedge funds own 65.67% of the company’s stock.
About Deere &
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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