Deere & Company (NYSE:DE) was upgraded by equities researchers at ValuEngine from a “hold” rating to a “buy” rating in a note issued to investors on Friday.

A number of other equities research analysts also recently commented on the company. BidaskClub downgraded Deere & from a “hold” rating to a “sell” rating in a research report on Saturday, August 26th. Piper Jaffray Companies set a $119.00 price objective on Deere & and gave the company a “hold” rating in a research report on Friday, August 25th. Stifel Nicolaus set a $135.00 price objective on Deere & and gave the company a “buy” rating in a research report on Wednesday, August 23rd. Argus reiterated a “buy” rating and set a $140.00 price objective on shares of Deere & in a research report on Tuesday, August 22nd. Finally, Credit Suisse Group downgraded Deere & from a “neutral” rating to an “outperform” rating in a research report on Tuesday, August 22nd. Three research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and ten have assigned a buy rating to the company’s stock. Deere & has a consensus rating of “Hold” and a consensus target price of $127.58.

Shares of Deere & (NYSE DE) traded up 0.18% during trading on Friday, reaching $116.14. The company had a trading volume of 1,815,454 shares. The stock’s 50-day moving average price is $124.28 and its 200-day moving average price is $117.79. Deere & has a 12 month low of $80.35 and a 12 month high of $132.50. The stock has a market capitalization of $37.26 billion, a PE ratio of 19.29 and a beta of 0.67.

Deere & (NYSE:DE) last released its earnings results on Friday, August 18th. The industrial products company reported $1.97 earnings per share for the quarter, topping analysts’ consensus estimates of $1.93 by $0.04. Deere & had a return on equity of 25.96% and a net margin of 6.81%. The firm had revenue of $6.83 billion during the quarter, compared to the consensus estimate of $6.92 billion. During the same period in the prior year, the firm posted $1.55 earnings per share. The firm’s revenue for the quarter was up 16.6% compared to the same quarter last year. Equities analysts forecast that Deere & will post $6.52 earnings per share for the current fiscal year.

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In other Deere & news, insider Pentz Markwart Von sold 46,457 shares of the stock in a transaction on Tuesday, August 22nd. The shares were sold at an average price of $116.74, for a total transaction of $5,423,390.18. Following the transaction, the insider now directly owns 47,165 shares of the company’s stock, valued at $5,506,042.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider John C. May II sold 19,907 shares of the stock in a transaction on Tuesday, June 6th. The stock was sold at an average price of $125.57, for a total transaction of $2,499,721.99. Following the transaction, the insider now directly owns 49,241 shares in the company, valued at $6,183,192.37. The disclosure for this sale can be found here. Insiders sold 96,676 shares of company stock worth $11,856,934 over the last ninety days. 0.85% of the stock is currently owned by company insiders.

Institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. increased its position in 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 last quarter. BlackRock Inc. increased its position in 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 last quarter. State Street Corp increased its position in 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 last quarter. First Eagle Investment Management LLC increased its position in Deere & by 5.1% in the first quarter. First Eagle Investment Management LLC now owns 6,652,623 shares of the industrial products company’s stock valued at $724,205,000 after buying an additional 322,158 shares during the last quarter. Finally, Capital International Investors increased its position in Deere & by 14.4% in the second quarter. Capital International Investors now owns 6,506,943 shares of the industrial products company’s stock valued at $804,193,000 after buying an additional 820,991 shares during the last quarter. 67.21% of the stock is currently owned by hedge funds and other institutional investors.

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.

Analyst Recommendations for Deere & (NYSE:DE)

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