Deere & Company (NYSE:DE) was upgraded by investment analysts at BidaskClub from a “buy” rating to a “strong-buy” rating in a research report issued to clients and investors on Wednesday, July 19th.
A number of other equities analysts also recently commented on the company. Jefferies Group LLC restated a “hold” rating and issued a $125.00 price objective on shares of Deere & in a report on Thursday, July 6th. Berenberg Bank dropped their price objective on Deere & from $100.00 to $90.00 and set a “sell” rating on the stock in a report on Wednesday, June 28th. Citigroup Inc. increased their price objective on Deere & from $145.00 to $150.00 and gave the stock a “buy” rating in a report on Friday, June 9th. Barclays PLC set a $100.00 price objective on Deere & and gave the stock a “sell” rating in a report on Sunday, June 4th. Finally, Credit Suisse Group set a $151.00 price target on Deere & and gave the company a “buy” rating in a report on Saturday, June 3rd. Three investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and twelve have issued a buy rating to the stock. Deere & has a consensus rating of “Hold” and an average price target of $123.26.
Deere & (NYSE:DE) traded down 0.43% during midday trading on Wednesday, reaching $126.63. 1,916,948 shares of the company were exchanged. The stock has a market capitalization of $40.50 billion, a price-to-earnings ratio of 22.80 and a beta of 0.67. The firm’s 50-day moving average price is $126.92 and its 200 day moving average price is $117.06. Deere & has a 52-week low of $76.73 and a 52-week high of $132.50. Deere & also was the recipient of unusually large options trading on Monday. Stock traders bought 8,722 put options on the company. This represents an increase of approximately 189% compared to the typical daily volume of 3,017 put options.
Deere & (NYSE:DE) last released its quarterly earnings data on Friday, May 19th. The industrial products company reported $2.49 EPS for the quarter, topping analysts’ consensus estimates of $1.70 by $0.79. Deere & had a return on equity of 24.85% and a net margin of 6.52%. The firm had revenue of $7.26 billion for the quarter, compared to the consensus estimate of $7.27 billion. During the same quarter in the prior year, the company posted $1.56 earnings per share. The firm’s revenue was up 2.2% on a year-over-year basis. Equities analysts predict that Deere & will post $6.42 earnings per share for the current year.
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In other Deere & news, insider Cory J. Reed sold 5,840 shares of Deere & stock in a transaction on Friday, May 19th. The stock was sold at an average price of $119.59, for a total transaction of $698,405.60. Following the completion of the transaction, the insider now directly owns 10,807 shares of the company’s stock, valued at $1,292,409.13. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Marc A. Howze sold 6,624 shares of Deere & stock in a transaction on Friday, May 19th. The shares were sold at an average price of $119.59, for a total value of $792,164.16. Following the transaction, the vice president now directly owns 9,004 shares of the company’s stock, valued at $1,076,788.36. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 130,988 shares of company stock valued at $16,451,037. 0.75% of the stock is owned by company insiders.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Marco Investment Management LLC boosted its position in shares of Deere & by 0.3% in the second quarter. Marco Investment Management LLC now owns 1,874 shares of the industrial products company’s stock worth $232,000 after buying an additional 6 shares during the last quarter. Kistler Tiffany Companies LLC raised its stake in shares of Deere & by 0.4% in the first quarter. Kistler Tiffany Companies LLC now owns 2,023 shares of the industrial products company’s stock worth $220,000 after buying an additional 8 shares during the period. Nadler Financial Group Inc. raised its stake in shares of Deere & by 0.4% in the first quarter. Nadler Financial Group Inc. now owns 2,694 shares of the industrial products company’s stock worth $293,000 after buying an additional 10 shares during the period. Blue Chip Partners Inc. raised its stake in shares of Deere & by 0.3% in the second quarter. Blue Chip Partners Inc. now owns 3,687 shares of the industrial products company’s stock worth $456,000 after buying an additional 10 shares during the period. Finally, Northwest Quadrant Wealth Management LLC raised its stake in shares of Deere & by 0.4% in the second quarter. Northwest Quadrant Wealth Management LLC now owns 3,165 shares of the industrial products company’s stock worth $418,000 after buying an additional 13 shares during the period. 67.91% of the stock is owned by institutional investors.
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.
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