Shares of Deere & Company (NYSE:DE) traded down 6.5% during mid-day trading on Tuesday . The stock traded as low as $151.31 and last traded at $151.59. 3,549,246 shares were traded during trading, an increase of 35% from the average session volume of 2,631,783 shares. The stock had previously closed at $162.21.

Several analysts have issued reports on the company. Stifel Nicolaus cut their price objective on Deere & Company from $193.00 to $190.00 and set a “buy” rating on the stock in a research note on Monday, August 20th. JPMorgan Chase & Co. set a $145.00 price target on Deere & Company and gave the stock a “hold” rating in a research report on Monday, August 13th. Wells Fargo & Co dropped their price target on Deere & Company from $190.00 to $180.00 and set a “buy” rating on the stock in a research report on Monday, August 20th. Credit Suisse Group dropped their price target on Deere & Company from $231.00 to $221.00 and set an “outperform” rating on the stock in a research report on Monday, August 20th. Finally, Argus dropped their price target on Deere & Company to $160.00 and set a “buy” rating on the stock in a research report on Monday, August 20th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and fifteen have issued a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $177.35.

The company has a quick ratio of 1.67, a current ratio of 1.92 and a debt-to-equity ratio of 2.41. The company has a market cap of $49.82 billion, a PE ratio of 16.14, a price-to-earnings-growth ratio of 1.58 and a beta of 1.00.

Deere & Company (NYSE:DE) last released its quarterly earnings data on Wednesday, November 21st. The industrial products company reported $2.30 earnings per share for the quarter, missing the consensus estimate of $2.44 by ($0.14). The company had revenue of $8.34 billion for the quarter, compared to the consensus estimate of $8.59 billion. Deere & Company had a return on equity of 29.61% and a net margin of 6.34%. The business’s revenue was up 17.6% compared to the same quarter last year. During the same period in the prior year, the business earned $1.57 earnings per share. As a group, sell-side analysts predict that Deere & Company will post 11.48 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 1st. Stockholders of record on Monday, December 31st will be given a $0.76 dividend. This represents a $3.04 annualized dividend and a dividend yield of 2.01%. This is a boost from Deere & Company’s previous quarterly dividend of $0.69. Deere & Company’s dividend payout ratio (DPR) is 29.39%.

In other news, CFO Rajesh Kalathur sold 11,133 shares of the firm’s stock in a transaction on Thursday, November 29th. The stock was sold at an average price of $151.47, for a total value of $1,686,315.51. Following the completion of the sale, the chief financial officer now owns 42,244 shares of the company’s stock, valued at $6,398,698.68. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.74% of the company’s stock.

Several large investors have recently made changes to their positions in DE. Third Point LLC purchased a new stake in shares of Deere & Company during the second quarter worth $153,780,000. Charles Schwab Investment Advisory Inc. purchased a new stake in shares of Deere & Company during the second quarter worth $138,797,000. Standard Life Aberdeen plc raised its holdings in shares of Deere & Company by 532.2% during the third quarter. Standard Life Aberdeen plc now owns 832,656 shares of the industrial products company’s stock worth $125,190,000 after acquiring an additional 700,946 shares in the last quarter. Morgan Stanley raised its holdings in Deere & Company by 56.1% during the third quarter. Morgan Stanley now owns 1,874,873 shares of the industrial products company’s stock valued at $281,850,000 after buying an additional 674,058 shares in the last quarter. Finally, Findlay Park Partners LLP raised its holdings in Deere & Company by 86.4% during the second quarter. Findlay Park Partners LLP now owns 1,359,572 shares of the industrial products company’s stock valued at $190,068,000 after buying an additional 630,000 shares in the last quarter. Institutional investors and hedge funds own 65.54% of the company’s stock.

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About Deere & Company (NYSE:DE)

Deere & Company, together with its subsidiaries, manufactures and distributes agriculture and turf, and construction and forestry equipment worldwide. The company's Agriculture and Turf segment provides agriculture and turf equipment, and related service parts, including large, medium, and utility tractors; tractor loaders; combines, cotton pickers, cotton strippers, and sugarcane harvesters; related harvesting front-end equipment; sugarcane loaders and pull-behind scrapers; and tillage, seeding, and application equipment comprising sprayers, and nutrient management and soil preparation machinery.

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