Deere & Company (NYSE:DE) has been assigned a consensus rating of “Hold” from the twenty-nine analysts that are presently covering the company, Marketbeat.com reports. Three research analysts have rated the stock with a sell recommendation, thirteen have given a hold recommendation and twelve have issued a buy recommendation on the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $122.24.
DE has been the topic of a number of analyst reports. Credit Suisse Group set a $132.00 price objective on shares of Deere & and gave the company a “buy” rating in a research report on Wednesday, April 12th. Stifel Nicolaus initiated coverage on shares of Deere & in a research report on Monday, April 10th. They issued a “buy” rating and a $126.00 price objective on the stock. BMO Capital Markets reiterated a “buy” rating and issued a $128.00 price objective on shares of Deere & in a research report on Thursday, April 20th. Wells Fargo & Company reiterated an “outperform” rating and issued a $140.00 price objective (up from $125.00) on shares of Deere & in a research report on Tuesday, May 23rd. Finally, Citigroup Inc. lifted their price objective on shares of Deere & from $125.00 to $145.00 and gave the company a “buy” rating in a research report on Tuesday, May 23rd.
In other Deere & news, CEO Samuel R. Allen sold 62,704 shares of Deere & stock in a transaction dated Thursday, June 1st. The stock was sold at an average price of $125.00, for a total value of $7,838,000.00. Following the completion of the sale, the chief executive officer now owns 333,492 shares in the company, valued at approximately $41,686,500. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Marc A. Howze sold 6,624 shares of Deere & stock in a transaction dated Friday, May 19th. The shares were sold at an average price of $119.59, for a total value of $792,164.16. Following the completion of the sale, the vice president now owns 9,004 shares of the company’s stock, valued at approximately $1,076,788.36. The disclosure for this sale can be found here. Insiders sold a total of 105,612 shares of company stock valued at $13,149,023 in the last 90 days. 0.85% of the stock is owned by company insiders.
Several hedge funds have recently modified their holdings of DE. Loomis Sayles & Co. L P boosted its stake in shares of Deere & by 22.6% in the fourth quarter. Loomis Sayles & Co. L P now owns 5,834,363 shares of the industrial products company’s stock worth $601,173,000 after buying an additional 1,076,882 shares during the last quarter. Viking Global Investors LP purchased a new stake in shares of Deere & during the fourth quarter worth about $959,411,000. GLG LLC purchased a new stake in shares of Deere & during the fourth quarter worth about $1,529,000. Caxton Associates LP purchased a new stake in shares of Deere & during the fourth quarter worth about $10,304,000. Finally, Tudor Investment Corp Et Al boosted its stake in shares of Deere & by 140.1% in the fourth quarter. Tudor Investment Corp Et Al now owns 45,497 shares of the industrial products company’s stock worth $4,688,000 after buying an additional 26,545 shares during the last quarter. Institutional investors and hedge funds own 67.33% of the company’s stock.
Shares of Deere & (NYSE DE) traded up 0.37% on Tuesday, reaching $128.91. 1,261,212 shares of the company were exchanged. Deere & has a 52 week low of $76.73 and a 52 week high of $129.02. The firm’s 50 day moving average price is $125.71 and its 200 day moving average price is $115.00. The stock has a market capitalization of $41.23 billion, a price-to-earnings ratio of 23.21 and a beta of 0.66.
Deere & (NYSE:DE) last announced its earnings results on Friday, May 19th. The industrial products company reported $2.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.70 by $0.79. The business had revenue of $7.26 billion for the quarter, compared to analyst estimates of $7.27 billion. Deere & had a net margin of 6.52% and a return on equity of 24.85%. The company’s revenue for the quarter was up 2.2% compared to the same quarter last year. During the same period last year, the firm posted $1.56 earnings per share. Equities research analysts anticipate that Deere & will post $6.31 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, August 1st. Investors of record on Friday, June 30th will be paid a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 1.86%. The ex-dividend date is Wednesday, June 28th. Deere &’s payout ratio is 43.24%.
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About Deere &
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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