Headlines about John Deere (NYSE:DE) have trended somewhat positive recently, according to Accern Sentiment. Accern rates the sentiment of press coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. John Deere earned a media sentiment score of 0.18 on Accern’s scale. Accern also assigned media stories about the industrial products company an impact score of 45.9496920164874 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
Here are some of the news articles that may have effected Accern Sentiment’s rankings:
- John Deere and Opportunity International Announce Competition for Digital Solutions to Farming (zambiareports.com)
- Exploring the Top Features of the John Deere X370 (blog.machinefinder.com)
- John Deere Competition for African Developers (Deadline April 19) (allafrica.com)
- John Deere (DE) Earns Buy Rating from Royal Bank of Canada (americanbankingnews.com)
- A closer look at John Deere’s new 3038E compact tractor (fginsight.com)
A number of research firms have commented on DE. Jefferies Group restated a “hold” rating and issued a $175.00 price target on shares of John Deere in a research report on Friday, February 16th. Zacks Investment Research lowered shares of John Deere from a “buy” rating to a “hold” rating in a research report on Monday, February 19th. UBS reiterated a “neutral” rating and set a $175.00 target price (up from $150.00) on shares of John Deere in a research report on Tuesday, February 20th. Citigroup upped their target price on shares of John Deere from $165.00 to $200.00 and gave the stock a “buy” rating in a research report on Tuesday, January 16th. Finally, Barclays set a $176.00 price target on shares of John Deere and gave the stock an “overweight” rating in a research note on Wednesday, January 24th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and fifteen have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $173.72.
DE stock traded up $0.62 during trading hours on Wednesday, reaching $149.77. The stock had a trading volume of 2,021,983 shares, compared to its average volume of 2,635,942. The stock has a market cap of $48,237.91, a P/E ratio of 22.42, a P/E/G ratio of 2.75 and a beta of 0.80. John Deere has a fifty-two week low of $107.04 and a fifty-two week high of $175.26. The company has a debt-to-equity ratio of 2.85, a current ratio of 1.98 and a quick ratio of 1.69.
John Deere (NYSE:DE) last issued its quarterly earnings data on Friday, February 16th. The industrial products company reported $1.31 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.16 by $0.15. The company had revenue of $5.97 billion for the quarter, compared to analyst estimates of $6.41 billion. John Deere had a net margin of 4.57% and a return on equity of 27.18%. The company’s revenue was up 27.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.61 earnings per share. equities research analysts anticipate that John Deere will post 9.55 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 1st. Stockholders of record on Thursday, March 29th will be given a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 1.60%. The ex-dividend date of this dividend is Wednesday, March 28th. John Deere’s payout ratio is presently 35.93%.
In related news, insider Jean H. Gilles sold 15,083 shares of the firm’s stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $166.98, for a total transaction of $2,518,559.34. Following the transaction, the insider now directly owns 69,089 shares of the company’s stock, valued at $11,536,481.22. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Samuel R. Allen sold 269,353 shares of the firm’s stock in a transaction dated Wednesday, February 28th. The shares were sold at an average price of $163.83, for a total transaction of $44,128,101.99. Following the completion of the transaction, the chief executive officer now directly owns 361,166 shares in the company, valued at $59,169,825.78. The disclosure for this sale can be found here. Insiders sold 336,847 shares of company stock worth $55,471,496 over the last three months. Insiders own 0.74% of the company’s stock.
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John Deere Company Profile
Deere & Company, together with its subsidiaries, manufactures and distributes agriculture and turf, and construction and forestry equipment worldwide. The company's Agriculture and Turf segment provides agriculture and turf equipment, and related service parts, including large, medium, and utility tractors; tractor loaders; combines, cotton pickers, cotton strippers, and sugarcane harvesters; related harvesting front-end equipment; sugarcane loaders and pull-behind scrapers; and tillage, seeding, and application equipment comprising sprayers, and nutrient management and soil preparation machinery.
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