Deere & Company - DE Stock Forecast, Price & News

Deere & Company manufactures and distributes 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 mid-size tractors, combines, cotton pickers and strippers, sugarcane harvesters, harvesting front-end equipment, sugarcane loaders, 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. The Small Agriculture and Turf segment offers utility tractors, and related loaders and attachments; turf and utility equipment, including riding lawn equipment, commercial mowing equipment, golf course equipment, and utility vehicles, as well as implements for mowing, tilling, snow and debris handling, aerating, residential, commercial, golf, and sports turf care applications; other outdoor power products; and hay and forage equipment. This segment also resells products from other manufacturers. It serves dairy and livestock producers, crop producers, and turf and utility customers. The Construction and Forestry segment provides a range of backhoe loaders, crawler dozers and loaders, four-wheel-drive loaders, excavators, motor graders, articulated dump trucks, landscape and skid-steer loaders, milling machines, pavers, compactors, rollers, crushers, screens, asphalt plants, log skidders, log feller bunchers, log loaders and forwarders, log harvesters, and attachments; and roadbuilding equipment. The Financial Services segment finances sales and leases agriculture and turf, and construction and forestry equipment. It also offers wholesale financing to dealers of the foregoing equipment; and extended equipment warranties, as well as finances retail revolving charge accounts. Deere & Company was founded in 1837 and is headquartered in Moline, Illinois.

Analyst Ratings Changes

Several brokerages have recently weighed in on DE. JPMorgan Chase & Co. reduced their price target on Deere & Company from $370.00 to $325.00 and set a "neutral" rating for the company in a report on Tuesday, July 12th. Cowen reduced their price objective on Deere & Company from $396.00 to $342.00 in a report on Thursday, July 7th. Oppenheimer reduced their price objective on Deere & Company from $419.00 to $365.00 and set an "outperform" rating for the company in a report on Monday, July 18th. DA Davidson reduced their price objective on Deere & Company from $480.00 to $445.00 and set a "buy" rating for the company in a report on Monday, May 23rd. Finally, BMO Capital Markets reissued a "hold" rating and issued a $425.00 target price on shares of Deere & Company in a research report on Friday, May 20th. Seven analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat, Deere & Company currently has an average rating of "Moderate Buy" and a consensus target price of $398.00.

Deere & Company Stock Down 1.4 %

Shares of DE Stock traded down $5.30 during mid-day trading on Monday, hitting $362.86. The stock had a trading volume of 15,401 shares, compared to its average volume of 1,902,491. The company has a debt-to-equity ratio of 1.72, a current ratio of 2.07 and a quick ratio of 1.76. The firm has a market capitalization of $110.90 billion, a P/E ratio of 19.21, a price-to-earnings-growth ratio of 1.26 and a beta of 1.10. Deere & Company has a 12-month low of $283.81 and a 12-month high of $446.76. The firm's 50-day moving average is $322.56 and its two-hundred day moving average is $364.13.

Deere & Company (NYSE:DE - Get Rating) last announced its earnings results on Friday, May 20th. The industrial products company reported $6.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.65 by $0.16. The company had revenue of $12.03 billion for the quarter, compared to analyst estimates of $13.16 billion. Deere & Company had a return on equity of 33.58% and a net margin of 12.99%. The firm's quarterly revenue was up 9.4% compared to the same quarter last year. During the same period in the prior year, the company posted $5.68 EPS. On average, analysts predict that Deere & Company will post 23.26 earnings per share for the current fiscal year.

Deere & Company Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, August 8th. Stockholders of record on Thursday, June 30th were given a $1.13 dividend. This represents a $4.52 annualized dividend and a dividend yield of 1.25%. The ex-dividend date of this dividend was Wednesday, June 29th. This is an increase from Deere & Company's previous quarterly dividend of $1.05. Deere & Company's dividend payout ratio (DPR) is 23.58%.

Insider Activity

In related news, insider John H. Stone sold 17,145 shares of Deere & Company stock in a transaction on Thursday, May 26th. The stock was sold at an average price of $4,321.07, for a total value of $74,084,745.15. Following the completion of the transaction, the insider now directly owns 21,087 shares in the company, valued at $91,118,403.09. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 0.24% of the company's stock.