News coverage about Deere & Company (NYSE:DE) has been trending somewhat positive recently, according to Accern Sentiment. The research firm identifies negative and positive press coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Deere & Company earned a media sentiment score of 0.20 on Accern’s scale. Accern also assigned headlines about the industrial products company an impact score of 46.2418597526504 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
Here are some of the news headlines that may have effected Accern Sentiment’s analysis:
- Farmers Mutual Hail Insurance Company celebrates 125 years in business (hpj.com)
- Deere honored for Junior Achievement work (qconline.com)
- BRIEF-Deere & Co Reports Feb Retail Sales For US & Canada AG Combines Up More Than Industry – Reuters (reuters.com)
- What Made Deere Great – Agriculture.com (agriculture.com)
- Is The Stock A Good Investment?: Deere & Company (NYSE: DE) – Alpha Beta Stock (alphabetastock.com)
Several research analysts have commented on DE shares. Morgan Stanley started coverage on Deere & Company in a research note on Friday, March 2nd. They set an “overweight” rating and a $195.00 target price for the company. BMO Capital Markets reissued an “outperform” rating and set a $195.00 target price (up previously from $190.00) on shares of Deere & Company in a research note on Wednesday, February 21st. Zacks Investment Research raised Deere & Company from a “hold” rating to a “buy” rating and set a $190.00 target price for the company in a research note on Wednesday, February 21st. TheStreet downgraded Deere & Company from a “b+” rating to a “c+” rating in a research note on Friday, February 16th. Finally, JPMorgan Chase & Co. reissued a “neutral” rating and set a $170.00 target price (up previously from $150.00) on shares of Deere & Company in a research note on Tuesday, February 20th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and fifteen have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $172.07.
Deere & Company (NYSE:DE) last released its quarterly earnings data on Friday, February 16th. The industrial products company reported $1.31 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.16 by $0.15. Deere & Company had a return on equity of 27.18% and a net margin of 4.57%. The company had revenue of $5.97 billion during the quarter, compared to the consensus estimate of $6.41 billion. During the same quarter in the prior year, the firm posted $0.61 earnings per share. The firm’s revenue was up 27.2% compared to the same quarter last year. equities research analysts predict that Deere & Company will post 9.53 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 1st. Stockholders of record on Thursday, March 29th will be paid a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 1.50%. The ex-dividend date of this dividend is Wednesday, March 28th. Deere & Company’s dividend payout ratio is currently 32.61%.
In related news, VP Mary K.W. Jones sold 10,220 shares of the company’s stock in a transaction that occurred on Tuesday, January 9th. The stock was sold at an average price of $165.06, for a total value of $1,686,913.20. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider James M. Field sold 22,095 shares of the company’s stock in a transaction that occurred on Friday, January 12th. The shares were sold at an average price of $170.06, for a total value of $3,757,475.70. Following the completion of the sale, the insider now owns 95,832 shares in the company, valued at $16,297,189.92. The disclosure for this sale can be found here. Insiders sold 380,397 shares of company stock valued at $62,811,005 in the last ninety days. 0.74% of the stock is currently owned by insiders.
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About Deere & Company
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.
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