Share on StockTwits

Shares of Deere & Company (NYSE:DE) were the recipient of some unusual options trading on Monday. Stock investors bought 8,421 put options on the company, Stock Ratings Network reports. This represents an increase of approximately 173% compared to the typical daily volume of 3,089 put options.

DE has been the subject of a number of recent research reports. Analysts at Global Hunter Securities initiated coverage on shares of Deere & Company in a research note on Thursday, June 19th. They set a “neutral” rating and a $90.00 price target on the stock. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Deere & Company in a research note on Thursday, May 15th. They now have a $96.00 price target on the stock. Finally, analysts at William Blair raised their price target on shares of Deere & Company from $75.00 to $80.00 in a research note on Thursday, May 15th. Four research analysts have rated the stock with a sell rating, nine have given a hold rating and three have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $89.86.

Shares of Deere & Company (NYSE:DE) traded down 0.30% during mid-day trading on Monday, hitting $90.55. The stock had a trading volume of 3,243,755 shares. Deere & Company has a one year low of $80.50 and a one year high of $94.89. The stock’s 50-day moving average is $91.27 and its 200-day moving average is $89.70. The company has a market cap of $32.941 billion and a price-to-earnings ratio of 9.93.

Deere & Company (NYSE:DE) last announced its earnings results on Wednesday, May 14th. The company reported $2.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.48 by $0.17. The company had revenue of $9.95 billion for the quarter, compared to the consensus estimate of $9.65 billion. During the same quarter in the previous year, the company posted $2.76 earnings per share. The company’s revenue for the quarter was down 9.9% on a year-over-year basis. On average, analysts predict that Deere & Company will post $8.51 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which is scheduled for Friday, August 1st. Investors of record on Monday, June 30th will be paid a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 2.65%. The ex-dividend date is Thursday, June 26th. This is an increase from Deere & Company’s previous quarterly dividend of $0.51.

Deere & Company (NYSE:DE) along with its subsidiaries, operates in three segments: agriculture and turf, construction and forestry and financial services.

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.