Shares of Deere & Company (NYSE:DE - Get Free Report) have been assigned an average recommendation of "Hold" from the twenty-one research firms that are presently covering the stock, Marketbeat reports. Thirteen analysts have rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $460.21.
Several analysts have issued reports on the company. Truist Financial restated a "buy" rating and issued a $546.00 target price (down from $550.00) on shares of Deere & Company in a report on Friday, February 14th. Citigroup lowered their price target on Deere & Company from $480.00 to $450.00 and set a "neutral" rating for the company in a report on Tuesday, April 8th. StockNews.com cut Deere & Company from a "hold" rating to a "sell" rating in a report on Sunday, April 6th. Morgan Stanley increased their price target on Deere & Company from $450.00 to $500.00 and gave the stock an "overweight" rating in a report on Wednesday, April 16th. Finally, Evercore ISI increased their price target on Deere & Company from $437.00 to $455.00 and gave the stock an "in-line" rating in a report on Wednesday, February 19th.
View Our Latest Analysis on DE
Deere & Company Trading Up 0.1 %
NYSE:DE traded up $0.30 during trading hours on Thursday, hitting $460.50. The company had a trading volume of 799,615 shares, compared to its average volume of 1,420,372. The company has a current ratio of 2.22, a quick ratio of 1.98 and a debt-to-equity ratio of 1.94. The company has a 50-day moving average of $465.52 and a 200 day moving average of $447.16. The company has a market cap of $124.99 billion, a P/E ratio of 20.41, a P/E/G ratio of 2.14 and a beta of 1.00. Deere & Company has a 1 year low of $340.20 and a 1 year high of $515.05.
Deere & Company (NYSE:DE - Get Free Report) last issued its earnings results on Thursday, February 13th. The industrial products company reported $3.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.14 by $0.05. Deere & Company had a return on equity of 27.31% and a net margin of 12.94%. Sell-side analysts expect that Deere & Company will post 19.32 earnings per share for the current year.
Deere & Company Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 8th. Shareholders of record on Monday, March 31st will be given a $1.62 dividend. This represents a $6.48 dividend on an annualized basis and a dividend yield of 1.41%. The ex-dividend date of this dividend is Monday, March 31st. Deere & Company's dividend payout ratio is presently 28.72%.
Insider Buying and Selling at Deere & Company
In other news, insider Rajesh Kalathur sold 24,580 shares of the company's stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $500.61, for a total value of $12,304,993.80. Following the completion of the transaction, the insider now owns 74,878 shares in the company, valued at approximately $37,484,675.58. This represents a 24.71 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 0.29% of the company's stock.
Institutional Inflows and Outflows
Large investors have recently modified their holdings of the stock. SkyView Investment Advisors LLC boosted its stake in Deere & Company by 6.6% during the 3rd quarter. SkyView Investment Advisors LLC now owns 1,098 shares of the industrial products company's stock worth $458,000 after purchasing an additional 68 shares during the period. Pine Valley Investments Ltd Liability Co boosted its stake in Deere & Company by 13.9% during the 3rd quarter. Pine Valley Investments Ltd Liability Co now owns 9,879 shares of the industrial products company's stock worth $4,131,000 after purchasing an additional 1,205 shares during the period. Arvest Bank Trust Division acquired a new stake in Deere & Company during the 3rd quarter worth $1,252,000. Wilmington Savings Fund Society FSB boosted its stake in Deere & Company by 162.0% during the 3rd quarter. Wilmington Savings Fund Society FSB now owns 21,563 shares of the industrial products company's stock worth $8,999,000 after purchasing an additional 13,334 shares during the period. Finally, Tidal Investments LLC boosted its stake in Deere & Company by 56.3% during the 3rd quarter. Tidal Investments LLC now owns 38,689 shares of the industrial products company's stock worth $16,146,000 after purchasing an additional 13,934 shares during the period. Institutional investors and hedge funds own 68.58% of the company's stock.
Deere & Company Company Profile
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Get Free ReportDeere & Co engages in the manufacture and distribution of equipment used in agriculture, construction, forestry, and turf care. It operates through the following segments: Agriculture and Turf, Construction and Forestry, and Financial Services. The Agriculture and Turf segment focuses on the distribution and manufacture of a full line of agriculture and turf equipment and related service parts.
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