Piper Jaffray Companies set a $119.00 target price on Deere & Company (NYSE:DE) in a report released on Friday. The brokerage currently has a hold rating on the industrial products company’s stock.

A number of other research firms have also commented on DE. Jefferies Group LLC reissued a hold rating and issued a $125.00 price target on shares of Deere & in a research report on Wednesday, August 9th. Goldman Sachs Group, Inc. (The) began coverage on shares of Deere & in a research report on Tuesday, August 8th. They issued a buy rating on the stock. Bank of America Corporation lowered shares of Deere & from a buy rating to a neutral rating and set a $145.00 price target on the stock. in a research report on Tuesday, August 15th. BMO Capital Markets reissued an outperform rating and issued a $150.00 price target (up previously from $140.00) on shares of Deere & in a research report on Wednesday, August 16th. Finally, Deutsche Bank AG reissued a hold rating and issued a $139.00 price target (up previously from $135.00) on shares of Deere & in a research report on Friday, August 11th. Three equities research analysts have rated the stock with a sell rating, sixteen have given a hold rating and nine have given a buy rating to the company. The company has an average rating of Hold and a consensus price target of $127.58.

Deere & (DE) opened at 115.84 on Friday. Deere & has a 52-week low of $80.35 and a 52-week high of $132.50. The stock has a market cap of $37.16 billion, a PE ratio of 19.24 and a beta of 0.67. The company’s 50 day moving average is $125.70 and its 200-day moving average is $117.56.

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

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The firm also recently declared a quarterly dividend, which was paid on Tuesday, August 1st. Investors of record on Friday, June 30th were issued a $0.60 dividend. The ex-dividend date was Wednesday, June 28th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.07%. Deere &’s dividend payout ratio is 40.20%.

In related news, insider Pentz Markwart Von sold 46,457 shares of Deere & stock in a transaction dated Tuesday, August 22nd. The stock was sold at an average price of $116.74, for a total value of $5,423,390.18. Following the completion of the transaction, the insider now directly owns 47,165 shares of the company’s stock, valued at $5,506,042.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Samuel R. Allen sold 62,704 shares of Deere & stock in a transaction dated Thursday, June 1st. The shares were sold at an average price of $125.00, for a total value of $7,838,000.00. Following the completion of 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. Insiders sold 159,380 shares of company stock valued at $19,694,934 over the last ninety days. 0.75% of the stock is currently owned by company insiders.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in DE. Louisiana State Employees Retirement System boosted its position in Deere & by 1.7% in the second quarter. Louisiana State Employees Retirement System now owns 18,300 shares of the industrial products company’s stock worth $2,262,000 after buying an additional 300 shares in the last quarter. PGGM Investments acquired a new position in Deere & during the first quarter worth about $26,179,000. Dai Ichi Life Insurance Company Ltd boosted its position in Deere & by 42.1% in the first quarter. Dai Ichi Life Insurance Company Ltd now owns 21,438 shares of the industrial products company’s stock worth $2,334,000 after buying an additional 6,353 shares in the last quarter. Ngam Advisors L.P. boosted its position in Deere & by 20.8% in the first quarter. Ngam Advisors L.P. now owns 427,136 shares of the industrial products company’s stock worth $46,498,000 after buying an additional 73,484 shares in the last quarter. Finally, Nordea Investment Management AB boosted its position in Deere & by 1.1% in the first quarter. Nordea Investment Management AB now owns 124,936 shares of the industrial products company’s stock worth $13,601,000 after buying an additional 1,342 shares in the last quarter. 67.21% of the stock is owned by institutional investors and hedge funds.

About Deere &

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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