Traders sold shares of Deere & Company (NYSE:DE) on strength during trading hours on Wednesday. $48.18 million flowed into the stock on the tick-up and $93.55 million flowed out of the stock on the tick-down, for a money net flow of $45.37 million out of the stock. Of all equities tracked, Deere & Company had the 31st highest net out-flow for the day. Deere & Company traded up $1.03 for the day and closed at $152.32

A number of equities analysts have issued reports on DE shares. ValuEngine downgraded Deere & Company from a “buy” rating to a “hold” rating in a research note on Tuesday, June 5th. Credit Suisse Group cut their price target on Deere & Company from $231.00 to $221.00 and set an “outperform” rating for the company in a research note on Monday, August 20th. Morgan Stanley set a $185.00 price target on Deere & Company and gave the company a “buy” rating in a research note on Tuesday, June 5th. Citigroup cut their price target on Deere & Company from $200.00 to $190.00 and set a “buy” rating for the company in a research note on Wednesday, June 20th. Finally, Goldman Sachs Group downgraded Deere & Company from a “conviction-buy” rating to a “buy” rating in a research note on Monday, July 16th. One research analyst has rated the stock with a sell rating, six have given a hold rating and fifteen have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $177.75.

The company has a market capitalization of $48.75 billion, a price-to-earnings ratio of 22.94, a P/E/G ratio of 2.81 and a beta of 0.86. The company has a quick ratio of 1.66, a current ratio of 1.91 and a debt-to-equity ratio of 2.59.

Deere & Company (NYSE:DE) last announced its earnings results on Friday, August 17th. The industrial products company reported $2.59 earnings per share for the quarter, missing analysts’ consensus estimates of $2.75 by ($0.16). Deere & Company had a return on equity of 28.51% and a net margin of 5.82%. The business had revenue of $9.29 billion during the quarter, compared to analysts’ expectations of $9.18 billion. During the same quarter in the previous year, the firm earned $1.97 EPS. Deere & Company’s quarterly revenue was up 35.9% on a year-over-year basis. analysts forecast that Deere & Company will post 9.5 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, November 1st. Stockholders of record on Friday, September 28th will be paid a $0.69 dividend. The ex-dividend date is Thursday, September 27th. This represents a $2.76 dividend on an annualized basis and a dividend yield of 1.81%. Deere & Company’s payout ratio is presently 41.32%.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Spirit of America Management Corp NY lifted its stake in Deere & Company by 7.5% in the second quarter. Spirit of America Management Corp NY now owns 5,000 shares of the industrial products company’s stock valued at $699,000 after purchasing an additional 350 shares during the last quarter. Summit X LLC lifted its stake in Deere & Company by 26.9% in the second quarter. Summit X LLC now owns 1,650 shares of the industrial products company’s stock valued at $231,000 after purchasing an additional 350 shares during the last quarter. Hartland & Co. LLC lifted its stake in Deere & Company by 7.7% in the second quarter. Hartland & Co. LLC now owns 4,952 shares of the industrial products company’s stock valued at $692,000 after purchasing an additional 352 shares during the last quarter. Hugh Johnson Advisors LLC lifted its stake in Deere & Company by 12.5% in the second quarter. Hugh Johnson Advisors LLC now owns 3,300 shares of the industrial products company’s stock valued at $461,000 after purchasing an additional 366 shares during the last quarter. Finally, GWM Advisors LLC lifted its stake in Deere & Company by 11.4% in the second quarter. GWM Advisors LLC now owns 3,594 shares of the industrial products company’s stock valued at $507,000 after purchasing an additional 368 shares during the last quarter. Hedge funds and other institutional investors own 66.30% of the company’s stock.

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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