Deere & Company (NYSE:DE) has been assigned a consensus rating of “Buy” from the twenty-four analysts that are currently covering the stock, MarketBeat reports. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and fourteen have issued a buy rating on the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $153.10.

Several research analysts recently commented on the company. Royal Bank of Canada raised Deere & Company from a “sector perform” rating to an “outperform” rating and reduced their target price for the stock from $190.00 to $155.00 in a research report on Wednesday, January 10th. Wells Fargo & Co reissued an “outperform” rating and set a $200.00 price objective (up from $170.00) on shares of Deere & Company in a report on Wednesday, January 10th. Barclays raised Deere & Company from a “sector perform” rating to an “outperform” rating and set a $171.00 price objective for the company in a report on Wednesday, January 10th. Jefferies Group reissued a “hold” rating and set a $150.00 price objective on shares of Deere & Company in a report on Thursday, November 23rd. Finally, Robert W. Baird reissued a “hold” rating and set a $140.00 price objective on shares of Deere & Company in a report on Thursday, October 12th.

Shares of Deere & Company (NYSE DE) traded up $0.06 during mid-day trading on Friday, reaching $170.38. The company had a trading volume of 1,400,800 shares, compared to its average volume of 2,330,271. The company has a market capitalization of $54,190.00, a PE ratio of 25.62, a P/E/G ratio of 2.55 and a beta of 0.77. Deere & Company has a 52-week low of $105.64 and a 52-week high of $170.73. The company has a debt-to-equity ratio of 2.71, a quick ratio of 1.95 and a current ratio of 2.12.

Deere & Company (NYSE:DE) last issued its earnings results on Wednesday, November 22nd. The industrial products company reported $1.57 EPS for the quarter, topping the consensus estimate of $1.47 by $0.10. The firm had revenue of $7.09 billion during the quarter, compared to analysts’ expectations of $6.91 billion. Deere & Company had a return on equity of 26.31% and a net margin of 7.22%. Deere & Company’s quarterly revenue was up 25.6% compared to the same quarter last year. During the same period last year, the business earned $0.90 earnings per share. research analysts anticipate that Deere & Company will post 8.15 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, February 1st. Stockholders of record on Friday, December 29th will be paid a $0.60 dividend. The ex-dividend date is Thursday, December 28th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.41%. Deere & Company’s dividend payout ratio (DPR) is presently 36.09%.

In other news, insider Max A. Guinn sold 7,174 shares of the firm’s stock in a transaction on Friday, October 27th. The stock was sold at an average price of $132.98, for a total value of $953,998.52. Following the completion of the sale, the insider now directly owns 49,562 shares in the company, valued at $6,590,754.76. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider James M. Field sold 48,427 shares of the firm’s stock in a transaction on Tuesday, November 28th. The shares were sold at an average price of $147.98, for a total value of $7,166,227.46. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 227,471 shares of company stock valued at $33,432,858. 0.74% of the stock is currently owned by corporate insiders.

Several large investors have recently made changes to their positions in the company. Capital International Investors increased its position in Deere & Company by 35.4% in 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 period. Janus Henderson Group PLC increased its position in Deere & Company by 128.2% in 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 period. Vanguard Group Inc. increased its position in Deere & Company by 5.6% in the second quarter. Vanguard Group Inc. now owns 21,593,762 shares of the industrial products company’s stock worth $2,668,774,000 after purchasing an additional 1,153,484 shares during the period. FMR LLC increased its position in Deere & Company by 18.3% in the second quarter. FMR LLC now owns 5,032,313 shares of the industrial products company’s stock worth $621,943,000 after purchasing an additional 777,519 shares during the period. Finally, Bank of New York Mellon Corp grew its position in shares of Deere & Company by 21.2% during the 3rd quarter. Bank of New York Mellon Corp now owns 3,621,764 shares of the industrial products company’s stock worth $454,857,000 after buying an additional 634,001 shares during the period. Institutional investors own 67.30% of the company’s stock.

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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.

Analyst Recommendations for Deere & Company (NYSE:DE)

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