Deere & Company (NYSE:DE)‘s stock had its “buy” rating reaffirmed by analysts at BMO Capital Markets in a research note issued on Thursday, November 2nd. They currently have a $150.00 price objective on the industrial products company’s stock. BMO Capital Markets’ price target would suggest a potential upside of 7.74% from the stock’s previous close.
Several other analysts also recently weighed in on DE. Argus reissued a “buy” rating and issued a $140.00 target price on shares of Deere & in a report on Tuesday, August 22nd. BidaskClub downgraded Deere & from a “strong-buy” rating to a “buy” rating in a report on Tuesday, July 25th. Zacks Investment Research downgraded Deere & from a “buy” rating to a “hold” rating in a report on Monday, August 21st. Credit Suisse Group cut Deere & from a “neutral” rating to an “outperform” rating in a research report on Tuesday, August 22nd. Finally, Bank of America Corporation cut Deere & from a “buy” rating to a “neutral” rating and set a $145.00 price target on the stock. in a research report on Tuesday, August 15th. Three equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and eleven have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $130.83.
Deere & (NYSE DE) traded up $2.31 during trading hours on Thursday, reaching $139.23. The company had a trading volume of 5,910,110 shares, compared to its average volume of 2,364,812. The stock has a market capitalization of $44,730.00, a price-to-earnings ratio of 22.74, a PEG ratio of 2.43 and a beta of 0.73. The company has a debt-to-equity ratio of 2.76, a quick ratio of 1.90 and a current ratio of 2.10. Deere & has a 52-week low of $91.84 and a 52-week high of $140.36.
Deere & (NYSE:DE) last announced its quarterly earnings results on Friday, August 18th. The industrial products company reported $1.97 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.93 by $0.04. The company had revenue of $6.83 billion during the quarter, compared to the consensus estimate of $6.92 billion. Deere & had a return on equity of 25.96% and a net margin of 6.81%. Deere &’s revenue for the quarter was up 16.6% on a year-over-year basis. During the same period in the previous year, the business earned $1.55 EPS. equities analysts anticipate that Deere & will post 6.48 earnings per share for the current fiscal year.
In other news, insider Pentz Markwart Von sold 24,143 shares of the firm’s stock in a transaction dated Monday, November 6th. The stock was sold at an average price of $135.33, for a total transaction of $3,267,272.19. Following the completion of the sale, the insider now directly owns 57,086 shares in the company, valued at $7,725,448.38. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Max A. Guinn sold 8,551 shares of the firm’s stock in a transaction dated Thursday, November 2nd. The shares were sold at an average price of $134.89, for a total value of $1,153,444.39. Following the sale, the insider now owns 50,939 shares of the company’s stock, valued at $6,871,161.71. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 102,684 shares of company stock valued at $13,270,809. Insiders own 0.75% of the company’s stock.
Institutional investors have recently made changes to their positions in the company. Louisiana State Employees Retirement System grew its stake in shares of Deere & by 1.7% during the second quarter. Louisiana State Employees Retirement System now owns 18,300 shares of the industrial products company’s stock valued at $2,262,000 after acquiring an additional 300 shares in the last quarter. Bartlett & Co. LLC lifted its position in shares of Deere & by 552.8% during the third quarter. Bartlett & Co. LLC now owns 105,048 shares of the industrial products company’s stock worth $13,193,000 after purchasing an additional 88,955 shares during the last quarter. Schwab Charles Investment Management Inc. lifted its position in shares of Deere & by 3.7% during the second quarter. Schwab Charles Investment Management Inc. now owns 1,139,980 shares of the industrial products company’s stock worth $140,891,000 after purchasing an additional 40,269 shares during the last quarter. Dai Ichi Life Insurance Company Ltd lifted its position in shares of Deere & by 42.1% during the first quarter. Dai Ichi Life Insurance Company Ltd now owns 21,438 shares of the industrial products company’s stock worth $2,334,000 after purchasing an additional 6,353 shares during the last quarter. Finally, Cutler Investment Counsel LLC lifted its position in shares of Deere & by 1.3% during the second quarter. Cutler Investment Counsel LLC now owns 88,361 shares of the industrial products company’s stock worth $10,921,000 after purchasing an additional 1,164 shares during the last quarter. Institutional investors own 67.05% of the company’s stock.
About Deere &
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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