Media coverage about Deere & Company (NYSE:DE) has been trending somewhat positive recently, Accern reports. Accern rates the sentiment of news coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Deere & Company earned a daily sentiment score of 0.20 on Accern’s scale. Accern also gave news coverage about the industrial products company an impact score of 46.2418597526504 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
These are some of the media stories that may have effected Accern Sentiment’s scoring:
- Deere Concerned Over Retaliation Against U.S. Agriculture (agweb.com)
- Deere concerned about trade retaliation (deltafarmpress.com)
- Deere worries about tariff retaliation (thegazette.com)
- John Deere 5R Series Tractors receive prestigious AE50 Award for 2018 (cornandsoybeandigest.com)
- John Deere’s 5G Aspirations Include Streaming Video and Autonomous Tractors (sdxcentral.com)
DE has been the topic of a number of recent analyst reports. Robert W. Baird upgraded shares of Deere & Company from a “neutral” rating to an “outperform” rating and boosted their price target for the stock from $140.00 to $155.00 in a research report on Tuesday, November 21st. Royal Bank of Canada restated a “sector perform” rating and issued a $155.00 price target (up previously from $134.00) on shares of Deere & Company in a research report on Wednesday, November 22nd. Deutsche Bank upgraded shares of Deere & Company from a “hold” rating to a “buy” rating and lifted their price objective for the company from $149.00 to $167.00 in a research note on Thursday, November 23rd. Wells Fargo reiterated a “buy” rating and issued a $170.00 price objective on shares of Deere & Company in a research note on Thursday, November 23rd. Finally, Jefferies Group reiterated a “hold” rating and issued a $150.00 price objective on shares of Deere & Company in a research note on Thursday, November 23rd. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and fifteen have issued a buy rating to the company’s stock. Deere & Company currently has an average rating of “Buy” and a consensus target price of $172.07.
Deere & Company (NYSE:DE) last posted its quarterly earnings data on Friday, February 16th. The industrial products company reported $1.31 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.16 by $0.15. The company had revenue of $5.97 billion for the quarter, compared to analysts’ expectations of $6.41 billion. Deere & Company had a net margin of 4.57% and a return on equity of 27.18%. Deere & Company’s revenue for the quarter was up 27.2% compared to the same quarter last year. During the same period in the prior year, the business earned $0.61 earnings per share. equities analysts expect that Deere & Company will post 9.53 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 1st. Investors of record on Thursday, March 29th will be given a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 1.52%. The ex-dividend date of this dividend is Wednesday, March 28th. Deere & Company’s dividend payout ratio (DPR) is 54.92%.
In other news, insider Max A. Guinn sold 11,235 shares of the stock in a transaction that occurred on Tuesday, January 16th. The stock was sold at an average price of $168.68, for a total transaction of $1,895,119.80. Following the completion of the sale, the insider now owns 39,406 shares of the company’s stock, valued at $6,647,004.08. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, VP Mary K.W. Jones sold 10,220 shares of the stock in a transaction that occurred on Tuesday, January 9th. The shares were sold at an average price of $165.06, for a total value of $1,686,913.20. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 380,397 shares of company stock worth $62,811,005. 0.74% of the stock is owned by company insiders.
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Deere & Company 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.
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