Macquarie upgraded shares of Deere & Company (NYSE:DE) from an underperform rating to a neutral rating in a research note released on Friday.

A number of other equities research analysts have also commented on DE. Robert W. Baird upgraded Deere & Company from a neutral rating to an outperform rating and upped their price target for the company from $86.00 to $100.00 in a research report on Monday, October 31st. Piper Jaffray Cos. upped their price target on Deere & Company from $67.00 to $70.00 and gave the company an underweight rating in a research report on Monday, August 22nd. Mizuho lowered Deere & Company from a buy rating to a neutral rating in a research report on Wednesday, November 9th. Longbow Research upgraded Deere & Company from an underperform rating to a neutral rating in a research report on Friday. Finally, Zacks Investment Research lowered Deere & Company from a buy rating to a hold rating in a research report on Tuesday, October 25th. Five investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and ten have given a buy rating to the company’s stock. Deere & Company has a consensus rating of Hold and a consensus target price of $88.24.

Shares of Deere & Company (NYSE:DE) opened at 103.92 on Friday. The stock’s 50 day moving average price is $89.32 and its 200-day moving average price is $84.18. Deere & Company has a 52-week low of $70.16 and a 52-week high of $104.83. The firm has a market cap of $32.67 billion, a price-to-earnings ratio of 20.83 and a beta of 0.71.

Deere & Company (NYSE:DE) last issued its earnings results on Wednesday, November 23rd. The company reported $0.90 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.40 by $0.50. Deere & Company had a return on equity of 21.54% and a net margin of 5.72%. The business earned $6.52 billion during the quarter. During the same period in the previous year, the company earned $1.08 EPS. Deere & Company’s revenue for the quarter was down 4.8% on a year-over-year basis. On average, analysts forecast that Deere & Company will post $4.32 EPS for the current year.

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The company also recently disclosed a quarterly dividend, which was paid on Tuesday, November 1st. Shareholders of record on Friday, September 30th were issued a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 2.31%. The ex-dividend date of this dividend was Wednesday, September 28th. Deere & Company’s dividend payout ratio (DPR) is 49.90%.

In other Deere & Company news, insider John C. May II sold 18,614 shares of the stock in a transaction on 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 completion of 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 filing with the SEC, which is available through the SEC website. Company insiders own 0.75% of the company’s stock.

A number of institutional investors have recently made changes to their positions in the stock. Hartford Financial Management Inc. raised its position in Deere & Company by 5.2% in the third quarter. Hartford Financial Management Inc. now owns 1,210 shares of the company’s stock worth $103,000 after buying an additional 60 shares during the last quarter. Jolley Asset Management LLC raised its position in Deere & Company by 14.0% in the third quarter. Jolley Asset Management LLC now owns 1,225 shares of the company’s stock worth $105,000 after buying an additional 150 shares during the last quarter. CWM LLC raised its position in Deere & Company by 94.6% in the third quarter. CWM LLC now owns 1,234 shares of the company’s stock worth $105,000 after buying an additional 600 shares during the last quarter. Washington Trust Bank raised its position in Deere & Company by 59.0% in the second quarter. Washington Trust Bank now owns 1,240 shares of the company’s stock worth $100,000 after buying an additional 460 shares during the last quarter. Finally, Cornerstone Advisors Inc. raised its position in Deere & Company by 6.0% in the third quarter. Cornerstone Advisors Inc. now owns 1,268 shares of the company’s stock worth $108,000 after buying an additional 72 shares during the last quarter. 71.68% of the stock is owned by institutional investors and hedge funds.

About Deere & Company

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.

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