Deere & Company (NYSE:DE)‘s stock had its “buy” rating reiterated by research analysts at Goldman Sachs Group, Inc. (The) in a research report issued to clients and investors on Sunday.

Other equities analysts have also issued reports about the company. TheStreet raised Deere & from a “c+” rating to an “a-” rating in a research note on Friday, May 19th. Credit Suisse Group set a $132.00 price objective on Deere & and gave the stock a “buy” rating in a research note on Saturday, May 20th. Stifel Nicolaus raised their price objective on Deere & from $126.00 to $135.00 and gave the stock a “buy” rating in a research note on Monday, May 22nd. Citigroup Inc. raised their price objective on Deere & from $125.00 to $145.00 and gave the stock a “buy” rating in a research note on Tuesday, May 23rd. Finally, Bank of America Corporation raised their price objective on Deere & from $130.00 to $145.00 and gave the stock a “buy” rating in a research note on Wednesday, May 24th. Three investment analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and ten have assigned a buy rating to the stock. Deere & presently has an average rating of “Hold” and an average price target of $123.12.

Shares of Deere & (DE) traded down 5.38% during midday trading on Friday, hitting $117.31. The stock had a trading volume of 11,364,628 shares. The company has a market cap of $37.63 billion, a P/E ratio of 19.48 and a beta of 0.67. Deere & has a one year low of $80.35 and a one year high of $132.50. The stock has a 50 day moving average of $126.94 and a 200-day moving average of $117.25.

Deere & (NYSE:DE) last issued its quarterly earnings data on Friday, August 18th. The industrial products company reported $1.97 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.93 by $0.04. The business had revenue of $6.83 billion during the quarter, compared to analyst estimates of $6.92 billion. Deere & had a return on equity of 24.85% and a net margin of 6.52%. The business’s revenue for the quarter was up 16.6% compared to the same quarter last year. During the same period in the prior year, the company posted $1.55 EPS. Analysts forecast that Deere & will post $6.42 EPS for the current fiscal year.

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In other news, insider Cory J. Reed sold 4,936 shares of the firm’s stock in a transaction dated Friday, June 16th. The stock was sold at an average price of $128.00, for a total value of $631,808.00. Following the sale, the insider now directly owns 9,903 shares of the company’s stock, valued at $1,267,584. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Cory J. Reed sold 5,601 shares of the firm’s stock in a transaction dated Thursday, May 25th. The shares were sold at an average price of $123.00, for a total value of $688,923.00. Following the completion of the sale, the insider now directly owns 10,568 shares in the company, valued at $1,299,864. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 118,524 shares of company stock worth $14,960,467. 0.85% of the stock is currently owned by company insiders.

Several large investors have recently modified their holdings of the stock. Marco Investment Management LLC increased its stake in shares of Deere & by 0.3% in the second quarter. Marco Investment Management LLC now owns 1,874 shares of the industrial products company’s stock valued at $232,000 after buying an additional 6 shares in the last quarter. Rehmann Capital Advisory Group increased its stake in shares of Deere & by 0.3% in the second quarter. Rehmann Capital Advisory Group now owns 2,693 shares of the industrial products company’s stock valued at $218,000 after buying an additional 8 shares in the last quarter. Kistler Tiffany Companies LLC increased its stake in shares of Deere & by 0.4% in the first quarter. Kistler Tiffany Companies LLC now owns 2,023 shares of the industrial products company’s stock valued at $220,000 after buying an additional 8 shares in the last quarter. Nadler Financial Group Inc. increased its stake in shares of Deere & by 0.4% in the first quarter. Nadler Financial Group Inc. now owns 2,694 shares of the industrial products company’s stock valued at $293,000 after buying an additional 10 shares in the last quarter. Finally, Blue Chip Partners Inc. increased its stake in shares of Deere & by 0.3% in the second quarter. Blue Chip Partners Inc. now owns 3,687 shares of the industrial products company’s stock valued at $456,000 after buying an additional 10 shares in the last quarter. 67.91% of the stock is currently owned by institutional investors.

Deere & Company Profile

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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