Deere & Company (NYSE:DE) had its target price raised by Deutsche Bank AG from $129.00 to $149.00 in a research note released on Thursday. Deutsche Bank AG currently has a hold rating on the industrial products company’s stock.

Other equities analysts also recently issued reports about the stock. Goldman Sachs Group, Inc. (The) reaffirmed a buy rating on shares of Deere & in a research note on Sunday, August 20th. Credit Suisse Group set a $148.00 target price on shares of Deere & and gave the stock a buy rating in a research note on Friday, August 18th. BidaskClub downgraded shares of Deere & from a strong-buy rating to a buy rating in a research note on Tuesday, July 25th. Argus reaffirmed a buy rating and issued a $140.00 target price on shares of Deere & in a research note on Tuesday, August 22nd. Finally, Stifel Nicolaus set a $135.00 target price on shares of Deere & and gave the stock a buy rating in a research note on Wednesday, August 23rd. Three research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and ten have given a buy rating to the company’s stock. The company presently has an average rating of Hold and an average price target of $130.08.

Shares of Deere & (NYSE DE) traded up $1.16 during mid-day trading on Thursday, reaching $135.77. 1,964,718 shares of the company traded hands, compared to its average volume of 2,348,018. Deere & has a 12-month low of $91.33 and a 12-month high of $136.69. The company has a market cap of $43,250.00, a P/E ratio of 22.26, a P/E/G ratio of 2.40 and a beta of 0.73. The company has a quick ratio of 1.90, a current ratio of 2.10 and a debt-to-equity ratio of 2.76.

Deere & (NYSE:DE) last announced its earnings results on Friday, August 18th. The industrial products company reported $1.97 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.93 by $0.04. Deere & had a net margin of 6.81% and a return on equity of 25.96%. The company had revenue of $6.83 billion during the quarter, compared to the consensus estimate of $6.92 billion. During the same period in the previous year, the firm posted $1.55 earnings per share. The company’s revenue was up 16.6% on a year-over-year basis. equities research analysts predict that Deere & will post 6.47 earnings per share for the current year.

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The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 1st. Investors of record on Friday, September 29th were issued a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 1.77%. The ex-dividend date was Thursday, September 28th. Deere &’s dividend payout ratio is currently 40.07%.

In other news, insider Max A. Guinn sold 8,551 shares of the company’s stock in a transaction that occurred on Thursday, November 2nd. The shares were sold at an average price of $134.89, for a total value of $1,153,444.39. Following the completion of the transaction, the insider now owns 50,939 shares in the company, valued at $6,871,161.71. The transaction 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 the company’s stock in a transaction that occurred on Tuesday, September 19th. The shares were 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 owns 51,626 shares of the company’s stock, valued at approximately $6,200,282.60. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 149,141 shares of company stock valued at $18,694,199. Corporate insiders own 0.85% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its holdings in shares of Deere & by 5.6% in the second quarter. Vanguard Group Inc. now owns 21,593,762 shares of the industrial products company’s stock valued at $2,668,774,000 after buying an additional 1,153,484 shares during the period. BlackRock Inc. boosted its holdings in shares of Deere & by 2.5% in the second quarter. BlackRock Inc. now owns 17,125,313 shares of the industrial products company’s stock valued at $2,116,517,000 after buying an additional 409,861 shares during the period. State Street Corp boosted its holdings in shares of Deere & by 0.4% in the first quarter. State Street Corp now owns 12,267,999 shares of the industrial products company’s stock valued at $1,335,500,000 after buying an additional 45,695 shares during the period. Capital International Investors boosted its holdings in shares of Deere & by 35.4% in the third quarter. Capital International Investors now owns 8,807,474 shares of the industrial products company’s stock valued at $1,106,131,000 after buying an additional 2,300,531 shares during the period. Finally, Loomis Sayles & Co. L P boosted its holdings in shares of Deere & by 0.5% in the first quarter. Loomis Sayles & Co. L P now owns 5,860,666 shares of the industrial products company’s stock valued at $637,992,000 after buying an additional 26,303 shares during the period. Institutional investors own 65.67% of the company’s stock.

Deere & 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 & (NYSE:DE)

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