Deere & Co. (NYSE:DE) announced a quarterly dividend on Wednesday, August 31st. Investors of record on Friday, September 30th will be paid a dividend of 0.60 per share on Tuesday, November 1st. This represents a $2.40 annualized dividend and a yield of 2.85%. The ex-dividend date of this dividend is Wednesday, September 28th.

A number of equities analysts have weighed in on the stock. Vetr upgraded shares of Deere & Co. from a “sell” rating to a “hold” rating and set a $77.39 price target for the company in a research report on Tuesday, July 5th. Citigroup Inc. dropped their price target on shares of Deere & Co. from $100.00 to $87.00 and set a “buy” rating for the company in a research report on Monday, August 22nd. Credit Suisse Group AG upped their price target on shares of Deere & Co. from $87.00 to $100.00 and gave the stock an “outperform” rating in a research report on Monday, August 22nd. Deutsche Bank AG reiterated a “buy” rating and issued a $101.00 price target on shares of Deere & Co. in a research report on Thursday, August 25th. Finally, Jefferies Group reiterated a “hold” rating and issued a $70.00 price target on shares of Deere & Co. in a research report on Friday, August 19th. Eight research analysts have rated the stock with a sell rating, nine have given a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $81.61.

Deere & Co. (NYSE:DE) opened at 84.16 on Friday. The stock has a 50 day moving average of $82.34 and a 200-day moving average of $81.80. Deere & Co. has a 12-month low of $70.16 and a 12-month high of $88.63. The company has a market capitalization of $26.46 billion, a PE ratio of 16.87 and a beta of 1.05.

Deere & Co. (NYSE:DE) last posted its quarterly earnings results on Friday, August 19th. The company reported $1.55 EPS for the quarter, topping the consensus estimate of $0.94 by $0.61. Deere & Co. had a return on equity of 22.73% and a net margin of 5.92%. The business had revenue of $6.72 billion for the quarter. During the same quarter in the prior year, the firm earned $1.53 EPS. The firm’s revenue was down 14.3% on a year-over-year basis. Equities analysts expect that Deere & Co. will post $4.30 earnings per share for the current year.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Sei Investments Co. raised its position in Deere & Co. by 26.8% in the second quarter. Sei Investments Co. now owns 10,106 shares of the company’s stock valued at $818,000 after buying an additional 2,133 shares in the last quarter. Public Sector Pension Investment Board raised its stake in shares of Deere & Co. by 16.7% in the second quarter. Public Sector Pension Investment Board now owns 56,590 shares of the company’s stock valued at $4,586,000 after buying an additional 8,100 shares during the period. GAM Holding AG raised its stake in shares of Deere & Co. by 8.6% in the second quarter. GAM Holding AG now owns 38,477 shares of the company’s stock valued at $3,118,000 after buying an additional 3,045 shares during the period. Crawford Investment Counsel Inc. raised its stake in shares of Deere & Co. by 2.3% in the second quarter. Crawford Investment Counsel Inc. now owns 7,297 shares of the company’s stock valued at $591,000 after buying an additional 163 shares during the period. Finally, Atlantic Trust Group LLC raised its stake in shares of Deere & Co. by 2.0% in the second quarter. Atlantic Trust Group LLC now owns 10,790 shares of the company’s stock valued at $875,000 after buying an additional 215 shares during the period. Institutional investors and hedge funds own 70.62% of the company’s stock.

About Deere & Co.

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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