Traders purchased shares of Deere & Co. (NYSE:DE) on weakness during trading on Friday. $80.83 million flowed into the stock on the tick-up and $23.32 million flowed out of the stock on the tick-down, for a money net flow of $57.51 million into the stock. Of all stocks tracked, Deere & Co. had the 26th highest net in-flow for the day. Deere & Co. traded down ($0.23) for the day and closed at $83.41

DE has been the subject of a number of research reports. Macquarie reiterated an “underperform” rating and issued a $58.00 price target on shares of Deere & Co. in a research note on Sunday, April 10th. Vetr cut shares of Deere & Co. from a “strong-buy” rating to a “buy” rating and set a $90.60 target price on the stock. in a report on Tuesday, April 19th. TheStreet raised shares of Deere & Co. from a “hold” rating to a “buy” rating in a report on Tuesday, March 22nd. Zacks Investment Research cut shares of Deere & Co. from a “hold” rating to a “sell” rating in a report on Tuesday, April 26th. Finally, Piper Jaffray Cos. raised their target price on shares of Deere & Co. from $75.00 to $76.00 and gave the stock a “neutral” rating in a report on Monday, May 23rd. Seven analysts have rated the stock with a sell rating, nine have assigned a hold rating and nine have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $80.32.

The firm has a 50-day moving average of $83.34 and a 200-day moving average of $80.20. The stock has a market cap of $26.21 billion and a PE ratio of 16.74.

Deere & Co. (NYSE:DE) last issued its quarterly earnings data on Friday, May 20th. The company reported $1.56 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.48 by $0.08. The firm had revenue of $7.88 billion for the quarter. The company’s revenue was down 3.9% on a year-over-year basis. During the same quarter last year, the company earned $2.03 earnings per share. On average, equities analysts anticipate that Deere & Co. will post $3.88 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 1st. Shareholders of record on Thursday, June 30th will be paid a dividend of $0.60 per share. The ex-dividend date is Tuesday, June 28th. This represents a $2.40 annualized dividend and a yield of 2.88%.

A number of hedge funds have recently modified their holdings of the company. Trexquant Investment LP boosted its stake in shares of Deere & Co. by 78.3% in the fourth quarter. Trexquant Investment LP now owns 14,800 shares of the company’s stock valued at $1,129,000 after buying an additional 6,500 shares in the last quarter. GSA Capital Partners LLP raised its position in shares of Deere & Co. by 54.0% in the fourth quarter. GSA Capital Partners LLP now owns 17,158 shares of the company’s stock worth $1,309,000 after buying an additional 6,018 shares during the last quarter. Herndon Capital Management LLC raised its position in shares of Deere & Co. by 47.7% in the fourth quarter. Herndon Capital Management LLC now owns 18,244 shares of the company’s stock worth $1,391,000 after buying an additional 5,893 shares during the last quarter. Tredje AP fonden raised its position in shares of Deere & Co. by 1.1% in the fourth quarter. Tredje AP fonden now owns 20,334 shares of the company’s stock worth $1,563,000 after buying an additional 214 shares during the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in shares of Deere & Co. by 4.5% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 20,932 shares of the company’s stock worth $1,596,000 after buying an additional 902 shares during the last quarter.

Deere & Company is engaged in equipment operations and financial services. The Company operates through three business segments: agriculture and turf, construction and forestry, and financial services. The Company’s agriculture and turf segment primarily manufactures and distributes a full line of agriculture and turf equipment and related service parts.

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