Deere & Company (NYSE:DE) has earned a consensus rating of “Hold” from the twenty-nine research firms that are currently covering the firm, MarketBeat reports. Three equities research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and nine have assigned a buy rating to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $126.46.

A number of analysts have recently issued reports on DE shares. J P Morgan Chase & Co raised Deere & to an “underweight” rating and lifted their price target for the stock from $90.00 to $94.00 in a research note on Monday, May 1st. Credit Suisse Group set a $132.00 price target on Deere & and gave the stock a “buy” rating in a research note on Saturday, May 20th. Barclays PLC lifted their price target on Deere & from $82.00 to $90.00 and gave the stock a “sell” rating in a research note on Monday, May 22nd. Stifel Nicolaus lifted their price target on Deere & from $126.00 to $135.00 and gave the stock a “buy” rating in a research note on Monday, May 22nd. Finally, Deutsche Bank AG lifted their price target on Deere & from $122.00 to $135.00 and gave the stock a “hold” rating in a research note on Monday, May 22nd.

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Deere & (NYSE DE) traded up 0.11% during trading on Wednesday, hitting $115.97. 693,536 shares of the stock were exchanged. Deere & has a 1-year low of $80.35 and a 1-year high of $132.50. The company has a 50-day moving average price of $125.70 and a 200 day moving average price of $117.56. The firm has a market capitalization of $37.20 billion, a price-to-earnings ratio of 19.26 and a beta of 0.67.

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

The business also recently declared a quarterly dividend, which was paid on Tuesday, August 1st. Shareholders of record on Friday, June 30th were issued a dividend of $0.60 per share. The ex-dividend date of this dividend was Wednesday, June 28th. This represents a $2.40 annualized dividend and a yield of 2.07%. Deere &’s dividend payout ratio (DPR) is 40.20%.

In other news, CEO Samuel R. Allen sold 62,704 shares of the company’s stock in a transaction dated Thursday, June 1st. The stock was sold at an average price of $125.00, for a total transaction of $7,838,000.00. Following the completion of the transaction, the chief executive officer now directly owns 333,492 shares of the company’s stock, valued at approximately $41,686,500. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Cory J. Reed sold 4,936 shares of the company’s stock in a transaction dated Friday, June 16th. The stock was sold at an average price of $128.00, for a total value of $631,808.00. Following the transaction, the insider now directly owns 9,903 shares of the company’s stock, valued at $1,267,584. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 159,380 shares of company stock worth $19,694,934. 0.75% of the stock is owned by company insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Culbertson A N & Co. Inc. boosted its position in Deere & by 0.6% in the first quarter. Culbertson A N & Co. Inc. now owns 17,879 shares of the industrial products company’s stock valued at $1,946,000 after buying an additional 100 shares in the last quarter. Nationwide Fund Advisors boosted its position in Deere & by 7.1% in the first quarter. Nationwide Fund Advisors now owns 248,495 shares of the industrial products company’s stock valued at $27,051,000 after buying an additional 16,488 shares in the last quarter. CAPROCK Group Inc. boosted its position in Deere & by 5.4% in the first quarter. CAPROCK Group Inc. now owns 3,137 shares of the industrial products company’s stock valued at $341,000 after buying an additional 162 shares in the last quarter. Candriam Luxembourg S.C.A. boosted its position in Deere & by 262.2% in the first quarter. Candriam Luxembourg S.C.A. now owns 72,260 shares of the industrial products company’s stock valued at $7,867,000 after buying an additional 52,310 shares in the last quarter. Finally, V Wealth Management LLC boosted its position in Deere & by 3.1% in the first quarter. V Wealth Management LLC now owns 5,432 shares of the industrial products company’s stock valued at $590,000 after buying an additional 164 shares in the last quarter. 67.21% of the stock is owned by institutional investors and hedge funds.

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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