Deere & Company (DE) Given Average Recommendation of “Hold” by Analysts

Shares of Deere & Company (NYSE:DE) have been given a consensus recommendation of “Hold” by the twenty-five analysts that are presently covering the company, Marketbeat reports. Three investment analysts have rated the stock with a sell rating, nine have given a hold rating and twelve have given a buy rating to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $140.88.

A number of equities research analysts have recently weighed in on the stock. Argus reaffirmed a “buy” rating and set a $140.00 target price on shares of Deere & Company in a research note on Tuesday, August 22nd. Zacks Investment Research lowered shares of Deere & Company from a “buy” rating to a “hold” rating in a research note on Monday, August 21st. Deutsche Bank lifted their target price on shares of Deere & Company from $129.00 to $149.00 and gave the company a “hold” rating in a research note on Thursday, November 16th. Credit Suisse Group lowered shares of Deere & Company from a “neutral” rating to an “outperform” rating in a research note on Tuesday, August 22nd. Finally, Bank of America lowered shares of Deere & Company from a “buy” rating to a “neutral” rating and set a $145.00 price objective on the stock. in a research note on Tuesday, August 15th.

In other Deere & Company news, insider John C. May II sold 18,626 shares of Deere & Company stock in a transaction dated Tuesday, October 24th. The shares were sold at an average price of $130.76, for a total value of $2,435,535.76. Following the completion of the transaction, the insider now directly owns 37,462 shares of the company’s stock, valued at $4,898,531.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Pentz Markwart Von sold 22,095 shares of Deere & Company stock in a transaction dated Tuesday, September 19th. The stock was sold at an average price of $120.10, for a total transaction of $2,653,609.50. Following the completion of the transaction, the insider now directly owns 51,626 shares of the company’s stock, valued at $6,200,282.60. The disclosure for this sale can be found here. Insiders sold 219,486 shares of company stock valued at $29,869,619 over the last ninety days. Corporate insiders own 0.75% of the company’s stock.

A number of institutional investors have recently modified their holdings of the business. QCI Asset Management Inc. NY raised its holdings in shares of Deere & Company by 18.8% during the second quarter. QCI Asset Management Inc. NY now owns 950 shares of the industrial products company’s stock valued at $117,000 after purchasing an additional 150 shares during the last quarter. Arrow Financial Corp raised its holdings in shares of Deere & Company by 5.2% during the second quarter. Arrow Financial Corp now owns 1,010 shares of the industrial products company’s stock valued at $125,000 after purchasing an additional 50 shares during the last quarter. Wealthcare Advisory Partners LLC purchased a new position in shares of Deere & Company during the third quarter valued at approximately $144,000. Harfst & Associates Inc. raised its holdings in shares of 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. Finally, YorkBridge Wealth Partners LLC raised its holdings in shares of Deere & Company by 1.1% during the second quarter. YorkBridge Wealth Partners LLC now owns 1,236 shares of the industrial products company’s stock valued at $154,000 after purchasing an additional 13 shares during the last quarter. 67.75% of the stock is owned by institutional investors and hedge funds.

Shares of Deere & Company (NYSE:DE) traded down $1.22 on Friday, hitting $149.45. 1,411,075 shares of the stock were exchanged, compared to its average volume of 2,397,032. The company has a market cap of $48,506.20, a price-to-earnings ratio of 22.74, a price-to-earnings-growth ratio of 2.33 and a beta of 0.77. 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 has a 52-week low of $100.05 and a 52-week high of $152.68.

Deere & Company (NYSE:DE) last announced its earnings results on Wednesday, November 22nd. The industrial products company reported $1.57 earnings per share for the quarter, beating analysts’ consensus estimates of $1.47 by $0.10. The firm had revenue of $7.09 billion for the quarter, compared to analyst estimates of $6.91 billion. Deere & Company had a net margin of 7.22% and a return on equity of 26.31%. The company’s revenue for the quarter was up 25.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.90 EPS. sell-side analysts expect that Deere & Company will post 7.9 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, February 1st. Shareholders of record on Friday, December 29th will be issued a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 1.61%. Deere & Company’s dividend payout ratio (DPR) is presently 36.14%.

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Deere & Company Company Profile

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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