Deere & Co. (NYSE:DE) had its price target hoisted by Barclays PLC from $63.00 to $68.00 in a research note published on Wednesday. They currently have an underweight rating on the stock.

A number of other research analysts also recently commented on DE. BMO Capital Markets restated an outperform rating and issued a $96.00 target price on shares of Deere & Co. in a research note on Thursday, August 18th. Jefferies Group restated a hold rating and issued a $70.00 target price on shares of Deere & Co. in a research note on Friday, August 19th. Credit Suisse Group AG boosted their target price on Deere & Co. from $87.00 to $100.00 and gave the company an outperform rating in a research note on Monday, August 22nd. RBC Capital Markets restated a sector perform rating and issued a $80.00 target price (up previously from $72.00) on shares of Deere & Co. in a research note on Monday, August 22nd. Finally, Argus boosted their target price on Deere & Co. from $90.00 to $98.00 and gave the company a buy rating in a research note on Tuesday, August 23rd. Eight research analysts have rated the stock with a sell rating, eight have assigned a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. The stock has an average rating of Hold and an average price target of $82.63.

Deere & Co. (NYSE:DE) traded down 0.385% during midday trading on Wednesday, reaching $86.605. The company’s stock had a trading volume of 740,597 shares. Deere & Co. has a 52 week low of $70.16 and a 52 week high of $89.34. The stock has a 50 day moving average of $84.35 and a 200 day moving average of $82.07. The firm has a market capitalization of $27.23 billion, a PE ratio of 17.356 and a beta of 0.89.

Deere & Co. (NYSE:DE) last issued its earnings results on Friday, August 19th. The company reported $1.55 EPS for the quarter, beating analysts’ consensus estimates of $0.94 by $0.61. Deere & Co. had a return on equity of 22.73% and a net margin of 5.92%. The firm had revenue of $6.72 billion for the quarter. During the same quarter last year, the firm earned $1.53 EPS. The business’s revenue for the quarter was down 14.3% compared to the same quarter last year. On average, equities research analysts predict that Deere & Co. will post $4.30 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 1st. Stockholders of record on Friday, September 30th will be issued a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 2.76%. The ex-dividend date is Wednesday, September 28th. Deere & Co.’s payout ratio is 48.10%.

Institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its position in Deere & Co. by 1.5% in the second quarter. Vanguard Group Inc. now owns 17,767,247 shares of the company’s stock worth $1,439,858,000 after buying an additional 265,118 shares during the last quarter. State Street Corp boosted its position in Deere & Co. by 0.3% in the first quarter. State Street Corp now owns 12,081,309 shares of the company’s stock worth $930,132,000 after buying an additional 38,519 shares during the last quarter. FMR LLC boosted its position in Deere & Co. by 37.2% in the second quarter. FMR LLC now owns 9,139,259 shares of the company’s stock worth $740,647,000 after buying an additional 2,477,175 shares during the last quarter. Primecap Management Co. CA boosted its position in Deere & Co. by 3.1% in the second quarter. Primecap Management Co. CA now owns 5,451,419 shares of the company’s stock worth $441,783,000 after buying an additional 164,900 shares during the last quarter. Finally, First Eagle Investment Management LLC boosted its position in Deere & Co. by 0.8% in the second quarter. First Eagle Investment Management LLC now owns 5,252,739 shares of the company’s stock worth $425,682,000 after buying an additional 40,070 shares during the last quarter. Institutional investors own 70.62% of the company’s stock.

Deere & Co. Company Profile

Deere & Company is engaged in equipment operations and financial services. The Company operates through three business segments: agriculture and turf, construction and forestry, and financial services. The Company’s agriculture and turf segment primarily manufactures and distributes a full line of agriculture and turf equipment and related service parts.

5 Day Chart for NYSE:DE

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