Deere & Co. (NYSE:DE) – Analysts at Jefferies Group issued their Q1 2017 EPS estimates for shares of Deere & Co. in a report issued on Monday. Jefferies Group analyst S. Volkmann anticipates that the brokerage will post earnings of $0.55 per share for the quarter. Jefferies Group currently has a “Hold” rating and a $95.00 price target on the stock. Jefferies Group also issued estimates for Deere & Co.’s Q2 2017 earnings at $1.60 EPS, Q3 2017 earnings at $1.20 EPS, Q4 2017 earnings at $1.05 EPS and FY2019 earnings at $6.00 EPS.

Several other research analysts have also weighed in on DE. Vetr upgraded Deere & Co. from a “hold” rating to a “buy” rating and set a $80.57 target price on the stock in a report on Monday, August 15th. BMO Capital Markets reiterated an “outperform” rating and set a $96.00 target price on shares of Deere & Co. in a report on Thursday, August 18th. Morgan Stanley lifted their target price on Deere & Co. from $70.00 to $76.00 and gave the stock an “underweight” rating in a report on Monday, August 22nd. Barclays PLC reiterated an “underweight” rating and set a $63.00 target price on shares of Deere & Co. in a report on Monday, August 22nd. Finally, Credit Suisse Group AG lifted their target price on Deere & Co. from $87.00 to $100.00 and gave the stock an “outperform” rating in a report on Monday, August 22nd. Five research 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. The company has an average rating of “Hold” and a consensus target price of $90.24.

Earnings History and Estimates for Deere & Co. (NYSE:DE)

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Deere & Co. (NYSE:DE) traded down 1.23% during mid-day trading on Tuesday, reaching $100.45. The company’s stock had a trading volume of 3,934,887 shares. Deere & Co. has a 52-week low of $70.16 and a 52-week high of $104.83. The company has a 50 day moving average of $89.76 and a 200-day moving average of $84.31. The stock has a market cap of $31.62 billion, a PE ratio of 20.88 and a beta of 0.71.

Deere & Co. (NYSE:DE) last issued its quarterly earnings data on Wednesday, November 23rd. The company reported $0.90 EPS for the quarter, beating the Zacks’ consensus estimate of $0.40 by $0.50. The business had revenue of $6.52 billion for the quarter. Deere & Co. had a return on equity of 21.54% and a net margin of 5.72%. The business’s revenue was down 4.8% on a year-over-year basis. During the same period in the prior year, the company posted $1.08 EPS.

The business also recently declared a quarterly dividend, which was paid on Tuesday, November 1st. Investors of record on Friday, September 30th were paid a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 2.36%. The ex-dividend date of this dividend was Wednesday, September 28th. Deere & Co.’s dividend payout ratio (DPR) is currently 49.90%.

In related news, insider John C. May II sold 18,614 shares of the business’s stock in a transaction that occurred on Wednesday, November 23rd. The stock was sold at an average price of $96.46, for a total value of $1,795,506.44. Following the completion of the sale, the insider now directly owns 28,926 shares in the company, valued at $2,790,201.96. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Max A. Guinn sold 36,402 shares of the business’s stock in a transaction that occurred on Friday, November 25th. The shares were sold at an average price of $102.94, for a total value of $3,747,221.88. Following the completion of the sale, the insider now owns 55,427 shares of the company’s stock, valued at $5,705,655.38. The disclosure for this sale can be found here. 0.75% of the stock is owned by corporate insiders.

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Large investors have recently added to or reduced their stakes in the company. Washington Trust Bank boosted its stake in Deere & Co. by 59.0% in the second quarter. Washington Trust Bank now owns 1,240 shares of the company’s stock valued at $100,000 after buying an additional 460 shares during the last quarter. Hartford Financial Management Inc. boosted its stake in Deere & Co. by 5.2% in the third quarter. Hartford Financial Management Inc. now owns 1,210 shares of the company’s stock valued at $103,000 after buying an additional 60 shares during the last quarter. Jolley Asset Management LLC boosted its stake in Deere & Co. by 14.0% in the third quarter. Jolley Asset Management LLC now owns 1,225 shares of the company’s stock valued at $105,000 after buying an additional 150 shares during the last quarter. CWM LLC boosted its stake in Deere & Co. by 94.6% in the third quarter. CWM LLC now owns 1,234 shares of the company’s stock valued at $105,000 after buying an additional 600 shares during the last quarter. Finally, Cornerstone Advisors Inc. boosted its stake in Deere & Co. by 6.0% in the third quarter. Cornerstone Advisors Inc. now owns 1,268 shares of the company’s stock valued at $108,000 after buying an additional 72 shares during the last quarter. Hedge funds and other institutional investors own 71.68% of the company’s stock.

About Deere & Co.

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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