Deere & Co. (NYSE:DE) was upgraded by stock analysts at TheStreet from a “hold” rating to a “buy” rating in a report released on Wednesday.

Several other equities research analysts also recently issued reports on DE. JPMorgan Chase & Co. restated an “underweight” rating on shares of Deere & Co. in a research report on Friday, October 21st. RBC Capital Markets assumed coverage on Deere & Co. in a research report on Thursday, November 10th. They set an “outperform” rating on the stock. Royal Bank Of Canada increased their target price on Deere & Co. from $80.00 to $98.00 and gave the stock a “sector perform” rating in a research report on Friday. Oppenheimer Holdings Inc. downgraded Deere & Co. from an “outperform” rating to a “market perform” rating in a research report on Thursday, October 27th. Finally, Macquarie upgraded Deere & Co. from an “underperform” rating to a “neutral” rating in a research report on Friday. Seven analysts have rated the stock with a sell rating, eleven have issued a hold rating and ten have issued a buy rating to the company. Deere & Co. currently has an average rating of “Hold” and an average target price of $86.49.

Analyst Recommendations for Deere & Co. (NYSE:DE)

Shares of Deere & Co. (NYSE:DE) traded up 1.71% during midday trading on Wednesday, reaching $103.92. The company had a trading volume of 6,584,679 shares. Deere & Co. has a one year low of $70.16 and a one year high of $104.83. The company has a 50 day moving average of $89.32 and a 200 day moving average of $84.18. The company has a market capitalization of $32.67 billion, a PE ratio of 20.83 and a beta of 0.71.

Deere & Co. (NYSE:DE) last posted its earnings results on Wednesday, November 23rd. The company reported $0.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.40 by $0.50. The firm had revenue of $6.52 billion for the quarter. Deere & Co. had a return on equity of 22.73% and a net margin of 5.92%. The company’s revenue was down 4.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.08 EPS. Analysts predict that Deere & Co. will post $4.32 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, November 1st. Stockholders of record on Friday, September 30th were paid a dividend of $0.60 per share. 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 2.31%. Deere & Co.’s dividend payout ratio (DPR) is currently 48.10%.

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In other news, insider John C. May II sold 18,614 shares of the firm’s stock in a transaction dated Wednesday, November 23rd. The stock was sold at an average price of $96.46, for a total transaction of $1,795,506.44. Following the transaction, the insider now directly owns 28,926 shares of the company’s stock, valued at $2,790,201.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.75% of the company’s stock.

Several hedge funds have recently bought and sold shares of the company. Euclid Advisors LLC acquired a new stake in Deere & Co. during the first quarter valued at about $1,170,000. Lowe Brockenbrough & Co. Inc. boosted its stake in Deere & Co. by 1.2% in the first quarter. Lowe Brockenbrough & Co. Inc. now owns 8,981 shares of the company’s stock valued at $691,000 after buying an additional 109 shares during the last quarter. Summit Financial Wealth Advisors LLC boosted its stake in Deere & Co. by 47.8% in the second quarter. Summit Financial Wealth Advisors LLC now owns 9,870 shares of the company’s stock valued at $800,000 after buying an additional 3,190 shares during the last quarter. Iowa State Bank acquired a new stake in Deere & Co. during the second quarter valued at about $151,000. Finally, First National Bank & Trust Co. of Newtown acquired a new stake in Deere & Co. during the second quarter valued at about $202,000. 70.14% of the stock is currently owned by institutional investors.

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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