Deere & Company (NYSE:DE)‘s stock had its “hold” rating reaffirmed by equities researchers at Robert W. Baird in a report released on Thursday. They currently have a $140.00 price objective on the industrial products company’s stock. Robert W. Baird’s price objective suggests a potential upside of 9.57% from the company’s previous close.

A number of other research analysts also recently commented on DE. BidaskClub downgraded Deere & from a “strong-buy” rating to a “buy” rating in a report on Thursday, June 22nd. Berenberg Bank reduced their target price on Deere & from $100.00 to $90.00 and set a “sell” rating on the stock in a report on Wednesday, June 28th. Jefferies Group LLC reaffirmed a “hold” rating and set a $125.00 target price on shares of Deere & in a report on Thursday, July 6th. Goldman Sachs Group, Inc. (The) raised Deere & from a “buy” rating to a “conviction-buy” rating and set a $129.75 target price on the stock in a report on Monday, August 7th. Finally, Deutsche Bank AG reaffirmed a “hold” rating and set a $139.00 target price (up previously from $135.00) on shares of Deere & in a report on Friday, August 11th. Three investment analysts have rated the stock with a sell rating, sixteen have issued a hold rating and ten have given a buy rating to the company’s stock. Deere & presently has a consensus rating of “Hold” and a consensus price target of $127.97.

Deere & (NYSE:DE) traded up 0.85% during midday trading on Thursday, reaching $128.85. The company had a trading volume of 911,504 shares. Deere & has a 12 month low of $85.27 and a 12 month high of $132.50. The firm’s 50-day moving average price is $121.20 and its 200 day moving average price is $120.36. The firm has a market capitalization of $41.40 billion, a PE ratio of 21.40 and a beta of 0.69.

Deere & (NYSE:DE) last issued its quarterly earnings results on Friday, August 18th. The industrial products company reported $1.97 EPS for the quarter, beating analysts’ consensus estimates of $1.93 by $0.04. The firm had revenue of $6.83 billion during the quarter, compared to the consensus estimate of $6.92 billion. Deere & had a return on equity of 25.96% and a net margin of 6.81%. Deere &’s revenue for the quarter was up 16.6% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.55 earnings per share. Equities analysts anticipate that Deere & will post $6.52 earnings per share for the current fiscal year.

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In other news, insider Jean H. Gilles sold 12,361 shares of Deere & stock in a transaction on Friday, August 4th. The stock was sold at an average price of $129.90, for a total transaction of $1,605,693.90. Following the transaction, the insider now directly owns 74,981 shares in the company, valued at approximately $9,740,031.90. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Jean H. Gilles sold 8,015 shares of Deere & stock in a transaction on Monday, August 7th. The shares were sold at an average price of $129.99, for a total value of $1,041,869.85. Following the transaction, the insider now owns 70,635 shares in the company, valued at $9,181,843.65. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 116,023 shares of company stock worth $14,185,962. 0.85% of the stock is owned by insiders.

Hedge funds have recently modified their holdings of the company. QCI Asset Management Inc. NY increased its position in shares of Deere & by 18.8% during the 2nd quarter. QCI Asset Management Inc. NY now owns 950 shares of the industrial products company’s stock valued at $117,000 after purchasing an additional 150 shares during the period. Arrow Financial Corp increased its position in shares of Deere & by 5.2% during the 2nd quarter. Arrow Financial Corp now owns 1,010 shares of the industrial products company’s stock valued at $125,000 after purchasing an additional 50 shares during the period. Guardian Life Insurance Co. of America increased its position in shares of Deere & by 1.4% during the 1st quarter. Guardian Life Insurance Co. of America now owns 1,132 shares of the industrial products company’s stock valued at $123,000 after purchasing an additional 16 shares during the period. Harfst & Associates Inc. increased its position in shares of Deere & by 44.2% during the 2nd quarter. Harfst & Associates Inc. now owns 1,175 shares of the industrial products company’s stock valued at $145,000 after purchasing an additional 360 shares during the period. Finally, YorkBridge Wealth Partners LLC increased its position in shares of Deere & by 1.1% during the 2nd quarter. YorkBridge Wealth Partners LLC now owns 1,236 shares of the industrial products company’s stock valued at $154,000 after purchasing an additional 13 shares during the period. Institutional investors own 66.17% of the company’s stock.

About Deere &

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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