Deere & Company (NYSE:DE) was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating in a research report issued on Saturday.

DE has been the subject of a number of other research reports. Deutsche Bank AG reiterated a “hold” rating and set a $139.00 price target (up previously from $135.00) on shares of Deere & in a research note on Friday, August 11th. Jefferies Group LLC reiterated a “hold” rating and set a $125.00 price target on shares of Deere & in a research note on Wednesday, August 9th. Wells Fargo & Company reiterated an “outperform” rating and set a $140.00 price target (up previously from $125.00) on shares of Deere & in a research note on Tuesday, May 23rd. Citigroup Inc. lifted their price target on Deere & from $125.00 to $145.00 and gave the company a “buy” rating in a research note on Tuesday, May 23rd. Finally, TheStreet upgraded Deere & from a “c+” rating to an “a-” rating in a research note on Friday, May 19th. Three research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and nine have assigned a buy rating to the company’s stock. Deere & currently has an average rating of “Hold” and a consensus price target of $127.58.

Deere & (NYSE DE) opened at 115.84 on Friday. The company has a market capitalization of $37.16 billion, a P/E ratio of 19.24 and a beta of 0.67. Deere & has a 52 week low of $80.35 and a 52 week high of $132.50. The company has a 50 day moving average price of $125.70 and a 200-day moving average price of $117.56.

Deere & (NYSE:DE) last released its quarterly earnings results on Friday, August 18th. The industrial products company reported $1.97 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.93 by $0.04. The business had revenue of $6.83 billion during the quarter, compared to the consensus estimate of $6.92 billion. Deere & had a return on equity of 25.96% and a net margin of 6.81%. The company’s quarterly revenue was up 16.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.55 EPS. On average, equities analysts anticipate that Deere & will post $6.48 earnings per share for the current fiscal year.

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In other news, insider John C. May II sold 19,907 shares of the company’s stock in a transaction dated Tuesday, June 6th. The shares were sold at an average price of $125.57, for a total transaction of $2,499,721.99. Following the completion of the transaction, the insider now directly owns 49,241 shares of the company’s stock, valued at $6,183,192.37. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Samuel R. Allen sold 62,704 shares of the company’s stock in a transaction dated Thursday, June 1st. The shares were sold at an average price of $125.00, for a total transaction of $7,838,000.00. Following the transaction, the chief executive officer now directly owns 333,492 shares of the company’s stock, valued at $41,686,500. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 159,380 shares of company stock valued at $19,694,934. Company insiders own 0.75% of the company’s stock.

Several institutional investors have recently modified their holdings of the stock. QCI Asset Management Inc. NY increased its position in shares of Deere & by 18.8% in the second quarter. QCI Asset Management Inc. NY now owns 950 shares of the industrial products company’s stock valued at $117,000 after buying an additional 150 shares during the period. Arrow Financial Corp increased its position in shares of Deere & by 5.2% in the second quarter. Arrow Financial Corp now owns 1,010 shares of the industrial products company’s stock valued at $125,000 after buying an additional 50 shares during the period. Guardian Life Insurance Co. of America increased its position in shares of Deere & by 1.4% in the first quarter. Guardian Life Insurance Co. of America now owns 1,132 shares of the industrial products company’s stock valued at $123,000 after buying an additional 16 shares during the period. MCF Advisors LLC increased its position in shares of Deere & by 26.2% in the first quarter. MCF Advisors LLC now owns 1,160 shares of the industrial products company’s stock valued at $126,000 after buying an additional 241 shares during the period. Finally, Harfst & Associates Inc. increased its position in shares of Deere & by 44.2% in the second quarter. Harfst & Associates Inc. now owns 1,175 shares of the industrial products company’s stock valued at $145,000 after buying an additional 360 shares during the period. 67.21% of the stock is owned by hedge funds and other institutional investors.

Deere & Company Profile

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

Analyst Recommendations for Deere & (NYSE:DE)

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