Stifel Nicolaus reiterated their buy rating on shares of Deere & Company (NYSE:DE) in a research report report published on Wednesday, January 17th, MarketBeat.com reports. They currently have a $184.00 price objective on the industrial products company’s stock, up from their previous price objective of $161.00.
DE has been the topic of a number of other reports. Deutsche Bank boosted their target price on Deere & Company from $129.00 to $149.00 and gave the stock a hold rating in a research report on Thursday, November 16th. Jefferies Group reiterated a hold rating and set a $150.00 target price on shares of Deere & Company in a research report on Thursday, November 23rd. Zacks Investment Research upgraded Deere & Company from a hold rating to a buy rating and set a $150.00 target price on the stock in a research report on Thursday, November 2nd. Citigroup reiterated a buy rating and set a $165.00 target price on shares of Deere & Company in a research report on Friday, November 24th. Finally, Royal Bank of Canada reissued a sector perform rating and issued a $155.00 price target (up previously from $134.00) on shares of Deere & Company in a report on Wednesday, November 22nd. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company. Deere & Company has an average rating of Buy and an average target price of $155.21.
Shares of Deere & Company (NYSE:DE) traded up $1.27 during mid-day trading on Wednesday, reaching $154.93. The company had a trading volume of 3,777,683 shares, compared to its average volume of 2,230,000. Deere & Company has a 52-week low of $106.72 and a 52-week high of $171.96. The firm has a market capitalization of $49,780.00, a price-to-earnings ratio of 23.30, a PEG ratio of 2.32 and a beta of 0.75. The company has a debt-to-equity ratio of 2.71, a current ratio of 2.12 and a quick ratio of 1.95.
Deere & Company (NYSE:DE) last announced its quarterly earnings data on Wednesday, November 22nd. The industrial products company reported $1.57 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.47 by $0.10. Deere & Company had a return on equity of 26.31% and a net margin of 7.22%. The firm had revenue of $7.09 billion for the quarter, compared to analyst estimates of $6.91 billion. During the same quarter in the prior year, the company posted $0.90 earnings per share. Deere & Company’s quarterly revenue was up 25.6% on a year-over-year basis. equities research analysts anticipate that Deere & Company will post 8.15 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, February 1st. Stockholders of record on Friday, December 29th were given a $0.60 dividend. The ex-dividend date of this dividend was Thursday, December 28th. This represents a $2.40 annualized dividend and a dividend yield of 1.55%. Deere & Company’s dividend payout ratio (DPR) is presently 36.09%.
In other news, insider James M. Field sold 48,427 shares of the firm’s stock in a transaction on Tuesday, November 28th. The stock was sold at an average price of $147.98, for a total value of $7,166,227.46. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Mary K.W. Jones sold 34,136 shares of the firm’s stock in a transaction on Tuesday, November 28th. The stock was sold at an average price of $124.72, for a total value of $4,257,441.92. The disclosure for this sale can be found here. In the last ninety days, insiders sold 187,603 shares of company stock valued at $28,058,143. 0.74% of the stock is currently owned by insiders.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in DE. LeJeune Puetz Investment Counsel LLC acquired a new stake in Deere & Company during the fourth quarter valued at $101,000. Cerebellum GP LLC acquired a new stake in Deere & Company during the fourth quarter valued at $132,000. TCI Wealth Advisors Inc. boosted its position in Deere & Company by 107.3% during the fourth quarter. TCI Wealth Advisors Inc. now owns 885 shares of the industrial products company’s stock valued at $139,000 after purchasing an additional 458 shares during the last quarter. Wealthcare Advisory Partners LLC acquired a new stake in Deere & Company during the third quarter valued at $144,000. Finally, Harfst & Associates Inc. boosted its position in Deere & Company by 44.2% during the second quarter. Harfst & Associates Inc. now owns 1,175 shares of the industrial products company’s stock valued at $145,000 after purchasing an additional 360 shares during the last quarter. 67.28% of the stock is owned by hedge funds and other institutional investors.
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.
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