Deere & Company (NYSE:DE) was upgraded by Robert W. Baird from a “neutral” rating to an “outperform” rating in a research report issued on Tuesday. The brokerage presently has a $155.00 price target on the industrial products company’s stock, up from their previous price target of $140.00. Robert W. Baird’s price target would suggest a potential upside of 13.20% from the company’s previous close.

Several other equities research analysts have also recently weighed in on DE. Deutsche Bank AG boosted their target price on Deere & from $129.00 to $149.00 and gave the stock a “hold” rating in a research note on Thursday, November 16th. Zacks Investment Research upgraded Deere & from a “hold” rating to a “buy” rating and set a $150.00 target price for the company in a research note on Thursday, November 2nd. BMO Capital Markets restated a “buy” rating and set a $150.00 target price on shares of Deere & in a research note on Thursday, November 2nd. ValuEngine upgraded Deere & from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Finally, BidaskClub cut Deere & from a “hold” rating to a “sell” rating in a research note on Saturday, August 26th. Three research analysts have rated the stock with a sell rating, twelve have issued a hold rating and eleven have issued a buy rating to the company. Deere & currently has an average rating of “Hold” and a consensus price target of $130.83.

Deere & (NYSE:DE) opened at $136.92 on Tuesday. The company has a debt-to-equity ratio of 2.76, a current ratio of 2.10 and a quick ratio of 1.90. The stock has a market capitalization of $43,990.00, a PE ratio of 22.74, a PEG ratio of 2.43 and a beta of 0.73. Deere & has a 52 week low of $91.33 and a 52 week high of $137.82.

Deere & (NYSE:DE) last announced its quarterly earnings data on Friday, August 18th. The industrial products company reported $1.97 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.93 by $0.04. The business had revenue of $6.83 billion during the quarter, compared to analysts’ expectations of $6.92 billion. Deere & had a return on equity of 25.96% and a net margin of 6.81%. The business’s quarterly revenue was up 16.6% compared to the same quarter last year. During the same quarter last year, the business posted $1.55 EPS. sell-side analysts expect that Deere & will post 6.48 earnings per share for the current fiscal year.

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In related news, insider Max A. Guinn sold 7,174 shares of the company’s stock in a transaction on Friday, October 27th. The stock was sold at an average price of $132.98, for a total transaction of $953,998.52. Following the transaction, the insider now owns 49,562 shares of the company’s stock, valued at $6,590,754.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider John C. May II sold 22,095 shares of the company’s stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $127.04, for a total value of $2,806,948.80. Following the transaction, the insider now directly owns 51,429 shares in the company, valued at approximately $6,533,540.16. The disclosure for this sale can be found here. Insiders have sold 102,684 shares of company stock worth $13,270,809 in the last ninety days. 0.75% of the stock is currently owned by corporate insiders.

A number of hedge funds have recently made changes to their positions in DE. Crow Point Partners boosted its position in Deere & by 27.3% during the third quarter. Crow Point Partners now owns 420 shares of the industrial products company’s stock worth $31,000 after purchasing an additional 90 shares in the last quarter. Washington Trust Bank boosted its position in Deere & by 59.0% during the second quarter. Washington Trust Bank now owns 1,240 shares of the industrial products company’s stock worth $100,000 after purchasing an additional 460 shares in the last quarter. First Command Bank purchased a new stake in Deere & during the fourth quarter worth $100,000. Hartford Financial Management Inc. boosted its position in Deere & by 5.2% during the third quarter. Hartford Financial Management Inc. now owns 1,210 shares of the industrial products company’s stock worth $103,000 after purchasing an additional 60 shares in the last quarter. Finally, Jolley Asset Management LLC boosted its position in Deere & by 14.0% during the third quarter. Jolley Asset Management LLC now owns 1,225 shares of the industrial products company’s stock worth $105,000 after purchasing an additional 150 shares in the last quarter. 67.05% of the stock is currently owned by hedge funds and other 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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