Deere & Company (NYSE:DE) was upgraded by equities researchers at Robert W. Baird from a “neutral” rating to an “outperform” rating in a research report issued on Tuesday. The firm presently has a $155.00 target price on the industrial products company’s stock, up from their prior target price of $140.00. Robert W. Baird’s price target would indicate a potential upside of 6.71% from the company’s previous close.

DE has been the topic of a number of other reports. Argus reissued a “buy” rating and set a $140.00 price objective on shares of Deere & in a research report on Tuesday, August 22nd. BidaskClub downgraded shares of Deere & from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, July 25th. Zacks Investment Research downgraded shares of Deere & from a “buy” rating to a “hold” rating in a research report on Monday, August 21st. Deutsche Bank AG boosted their price objective on shares of Deere & from $129.00 to $149.00 and gave the company a “hold” rating in a research report on Thursday, November 16th. Finally, Credit Suisse Group downgraded shares of Deere & from a “neutral” rating to an “outperform” rating in a research report on Tuesday, August 22nd. Three investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and eleven have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $131.93.

Shares of Deere & (NYSE:DE) opened at $145.25 on Tuesday. The company has a current ratio of 2.10, a quick ratio of 1.90 and a debt-to-equity ratio of 2.76. The company has a market cap of $44,734.17, a price-to-earnings ratio of 23.32, a P/E/G ratio of 2.47 and a beta of 0.73. Deere & has a 1-year low of $98.57 and a 1-year high of $146.00.

Deere & (NYSE:DE) last issued its quarterly earnings data on Wednesday, November 22nd. The industrial products company reported $1.57 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.47 by $0.10. The business had revenue of $7.09 billion for the quarter, compared to the consensus estimate of $6.91 billion. Deere & had a net margin of 6.81% and a return on equity of 25.96%. The company’s quarterly revenue was up 25.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.90 EPS. equities analysts anticipate that Deere & will post 6.51 earnings per share for the current fiscal year.

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In other Deere & news, insider John C. May II sold 22,095 shares of the company’s stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $127.04, for a total transaction of $2,806,948.80. Following the transaction, the insider now owns 51,429 shares in the company, valued at approximately $6,533,540.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Pentz Markwart Von sold 24,143 shares of the company’s stock in a transaction dated Monday, November 6th. The shares were sold at an average price of $135.33, for a total transaction of $3,267,272.19. Following the transaction, the insider now owns 57,086 shares in the company, valued at approximately $7,725,448.38. The disclosure for this sale can be found here. Insiders have sold a total of 102,684 shares of company stock worth $13,270,809 in the last 90 days. Company insiders own 0.85% of the company’s stock.

A number of institutional investors and hedge funds have recently bought and sold shares of DE. Azimuth Capital Management LLC lifted its stake in shares of Deere & by 3.3% in the 1st quarter. Azimuth Capital Management LLC now owns 6,882 shares of the industrial products company’s stock worth $749,000 after purchasing an additional 223 shares during the period. Geode Capital Management LLC lifted its stake in shares of Deere & by 11.2% in the 1st quarter. Geode Capital Management LLC now owns 2,794,419 shares of the industrial products company’s stock worth $303,767,000 after purchasing an additional 282,029 shares during the period. Global Endowment Management LP lifted its stake in shares of Deere & by 7.1% in the 1st quarter. Global Endowment Management LP now owns 3,490 shares of the industrial products company’s stock worth $379,000 after purchasing an additional 230 shares during the period. Parallel Advisors LLC lifted its stake in shares of Deere & by 14.7% in the 1st quarter. Parallel Advisors LLC now owns 1,504 shares of the industrial products company’s stock worth $167,000 after purchasing an additional 193 shares during the period. Finally, Davidson Investment Advisors lifted its stake in shares of Deere & by 7.4% in the 1st quarter. Davidson Investment Advisors now owns 4,835 shares of the industrial products company’s stock worth $526,000 after purchasing an additional 335 shares during the period. Institutional investors and hedge funds own 67.05% 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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