Deere & Co. (NYSE:DE) has been given a consensus recommendation of “Hold” by the twenty-seven brokerages that are presently covering the stock. Eight equities research analysts have rated the stock with a sell rating, nine have given a hold rating and ten have given a buy rating to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $83.96.

Several equities analysts have commented on DE shares. Citigroup Inc. dropped their target price on Deere & Co. from $100.00 to $87.00 and set a “buy” rating for the company in a research report on Monday, August 22nd. Vetr upgraded Deere & Co. from a “hold” rating to a “buy” rating and set a $80.57 target price for the company in a research report on Monday, August 15th. Argus increased their target price on Deere & Co. from $90.00 to $98.00 and gave the company a “buy” rating in a research report on Tuesday, August 23rd. Deutsche Bank AG reiterated a “buy” rating and issued a $101.00 target price on shares of Deere & Co. in a research report on Thursday, August 25th. Finally, Clarkson Capital upgraded Deere & Co. from a “neutral” rating to a “buy” rating in a research report on Tuesday, October 18th.

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Rehmann Capital Advisory Group raised its position in Deere & Co. by 0.3% in the second quarter. Rehmann Capital Advisory Group now owns 2,693 shares of the company’s stock worth $218,000 after buying an additional 8 shares in the last quarter. Signaturefd LLC raised its position in Deere & Co. by 1.3% in the second quarter. Signaturefd LLC now owns 1,610 shares of the company’s stock worth $130,000 after buying an additional 21 shares in the last quarter. FineMark National Bank & Trust raised its position in Deere & Co. by 1.8% in the second quarter. FineMark National Bank & Trust now owns 1,451 shares of the company’s stock worth $118,000 after buying an additional 26 shares in the last quarter. Capital Investment Advisors LLC raised its position in Deere & Co. by 0.8% in the third quarter. Capital Investment Advisors LLC now owns 3,317 shares of the company’s stock worth $283,000 after buying an additional 27 shares in the last quarter. Finally, Pacific Global Investment Management CO raised its position in Deere & Co. by 0.3% in the second quarter. Pacific Global Investment Management CO now owns 9,468 shares of the company’s stock worth $767,000 after buying an additional 31 shares in the last quarter. Institutional investors own 70.56% of the company’s stock.

Deere & Co. (NYSE:DE) opened at 91.96 on Wednesday. The stock’s 50 day moving average price is $87.70 and its 200 day moving average price is $83.65. Deere & Co. has a 12-month low of $70.16 and a 12-month high of $92.99. The company has a market cap of $28.91 billion, a PE ratio of 18.43 and a beta of 0.71.

Deere & Co. (NYSE:DE) last announced its quarterly earnings data on Friday, August 19th. The company reported $1.55 earnings per share for the quarter, topping the consensus estimate of $0.94 by $0.61. Deere & Co. had a return on equity of 22.73% and a net margin of 5.92%. The business earned $6.72 billion during the quarter. During the same quarter in the prior year, the company earned $1.53 earnings per share. Deere & Co.’s quarterly revenue was down 14.3% compared to the same quarter last year. Equities research analysts anticipate that Deere & Co. will post $4.32 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Tuesday, November 1st. Stockholders of record on Friday, September 30th were issued a $0.60 dividend. The ex-dividend date of this dividend was Wednesday, September 28th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.61%. Deere & Co.’s dividend payout ratio is presently 48.10%.

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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