Deere & Company (NYSE:DE) Trading Up 0.3%

Deere & Company (NYSE:DE - Get Free Report)'s stock price rose 0.3% during mid-day trading on Friday . The stock traded as high as $402.98 and last traded at $402.00. Approximately 185,763 shares changed hands during trading, a decline of 87% from the average daily volume of 1,483,497 shares. The stock had previously closed at $400.60.

Analyst Ratings Changes

DE has been the topic of several research reports. Stifel Nicolaus dropped their price objective on shares of Deere & Company from $435.00 to $425.00 and set a "buy" rating on the stock in a report on Friday, February 16th. Deutsche Bank Aktiengesellschaft decreased their target price on shares of Deere & Company from $425.00 to $401.00 and set a "hold" rating on the stock in a research report on Friday, February 16th. Morgan Stanley assumed coverage on shares of Deere & Company in a research report on Monday, January 8th. They issued an "overweight" rating and a $430.00 price target on the stock. Wells Fargo & Company reduced their price target on shares of Deere & Company from $445.00 to $425.00 and set an "overweight" rating on the stock in a research report on Friday, February 16th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Deere & Company from $415.00 to $425.00 and gave the stock a "neutral" rating in a research note on Friday, April 12th. Ten analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $433.28.

Deere & Company Stock Down 0.1 %

The company has a debt-to-equity ratio of 1.81, a current ratio of 2.05 and a quick ratio of 1.81. The stock has a market capitalization of $111.45 billion, a PE ratio of 11.65, a PEG ratio of 1.49 and a beta of 1.04. The company has a 50 day moving average price of $385.47 and a 200-day moving average price of $382.79.

Deere & Company (NYSE:DE - Get Free Report) last issued its quarterly earnings results on Thursday, February 15th. The industrial products company reported $6.23 earnings per share for the quarter, topping the consensus estimate of $5.19 by $1.04. The company had revenue of $10.49 billion for the quarter, compared to analysts' expectations of $10.30 billion. Deere & Company had a return on equity of 44.60% and a net margin of 16.38%. The firm's revenue for the quarter was down 8.0% on a year-over-year basis. During the same period in the prior year, the firm earned $6.55 earnings per share. As a group, analysts forecast that Deere & Company will post 27.39 earnings per share for the current fiscal year.

Deere & Company Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 8th. Shareholders of record on Friday, March 29th will be issued a $1.47 dividend. This represents a $5.88 annualized dividend and a yield of 1.47%. The ex-dividend date is Wednesday, March 27th. Deere & Company's dividend payout ratio (DPR) is 17.12%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Pinnacle Associates Ltd. lifted its holdings in Deere & Company by 21.3% in the fourth quarter. Pinnacle Associates Ltd. now owns 5,355 shares of the industrial products company's stock valued at $2,141,000 after acquiring an additional 939 shares during the period. Penserra Capital Management LLC lifted its holdings in Deere & Company by 2.4% in the third quarter. Penserra Capital Management LLC now owns 236,696 shares of the industrial products company's stock valued at $89,322,000 after acquiring an additional 5,485 shares during the period. New Mexico Educational Retirement Board lifted its holdings in Deere & Company by 6.9% in the third quarter. New Mexico Educational Retirement Board now owns 14,002 shares of the industrial products company's stock valued at $5,284,000 after acquiring an additional 900 shares during the period. Centric Wealth Management bought a new position in Deere & Company in the third quarter valued at about $2,640,000. Finally, Graham Capital Management L.P. lifted its holdings in Deere & Company by 483.3% in the third quarter. Graham Capital Management L.P. now owns 17,500 shares of the industrial products company's stock valued at $6,604,000 after acquiring an additional 14,500 shares during the period. 68.58% of the stock is owned by institutional investors.

Deere & Company Company Profile

Deere & Company engages in the manufacture and distribution of various equipment worldwide. The company operates through four segments: Production and Precision Agriculture, Small Agriculture and Turf, Construction and Forestry, and Financial Services. The Production and Precision Agriculture segment provides large and medium tractors, combines, cotton pickers and strippers, sugarcane harvesters and loaders, harvesting front-end equipment, pull-behind scrapers, and tillage and seeding equipment, as well as application equipment, including sprayers and nutrient management, and soil preparation machinery for grain growers.