Deere & Company (NYSE:DE)‘s stock had its “hold” rating reissued by Seaport Global Securities in a note issued to investors on Thursday.

Other equities analysts have also issued reports about the stock. Royal Bank of Canada upgraded shares of Deere & Company from a “sector perform” rating to an “outperform” rating and lowered their target price for the company from $190.00 to $155.00 in a report on Wednesday, January 10th. Wells Fargo & Co restated an “outperform” rating and issued a $200.00 price objective (up from $170.00) on shares of Deere & Company in a report on Wednesday, January 10th. Barclays upgraded shares of Deere & Company from a “sector perform” rating to an “outperform” rating and set a $171.00 price objective for the company in a report on Wednesday, January 10th. Stifel Nicolaus restated a “buy” rating and issued a $184.00 price objective (up from $161.00) on shares of Deere & Company in a report on Wednesday. Finally, Jefferies Group restated a “hold” rating and issued a $150.00 price objective on shares of Deere & Company in a report on Thursday, November 23rd. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and fourteen have assigned a buy rating to the stock. Deere & Company presently has an average rating of “Buy” and a consensus price target of $149.78.

Deere & Company (NYSE:DE) traded up $0.47 during trading on Thursday, reaching $167.90. The company’s stock had a trading volume of 2,159,347 shares, compared to its average volume of 2,467,292. The company has a debt-to-equity ratio of 2.71, a quick ratio of 1.95 and a current ratio of 2.12. The company has a market cap of $53,950.00, a PE ratio of 25.25, a price-to-earnings-growth ratio of 2.51 and a beta of 0.77. Deere & Company has a fifty-two week low of $104.92 and a fifty-two week high of $170.73.

Deere & Company (NYSE:DE) last released its earnings results on Wednesday, November 22nd. The industrial products company reported $1.57 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.47 by $0.10. Deere & Company had a net margin of 7.22% and a return on equity of 26.31%. The firm had revenue of $7.09 billion during the quarter, compared to analyst estimates of $6.91 billion. During the same period last year, the business earned $0.90 earnings per share. The business’s revenue was up 25.6% on a year-over-year basis. equities analysts forecast that Deere & Company will post 8.13 EPS for the current year.

In related news, insider Pentz Markwart Von sold 24,143 shares of the company’s stock in a transaction on Monday, November 6th. The shares were sold at an average price of $135.33, for a total value of $3,267,272.19. Following the completion of the transaction, the insider now owns 57,086 shares of the company’s stock, valued at approximately $7,725,448.38. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Rajesh Kalathur sold 4,519 shares of the company’s stock in a transaction on Wednesday, November 29th. The stock was sold at an average price of $148.92, for a total transaction of $672,969.48. Following the completion of the transaction, the chief financial officer now directly owns 36,288 shares of the company’s stock, valued at approximately $5,404,008.96. The disclosure for this sale can be found here. In the last three months, insiders have sold 246,097 shares of company stock valued at $35,868,394. Insiders own 0.85% of the company’s stock.

A number of institutional investors have recently modified their holdings of the stock. Wealthcare Advisory Partners LLC purchased a new stake in Deere & Company in the 3rd quarter worth $144,000. Harfst & Associates Inc. lifted its stake in Deere & Company by 44.2% in the 2nd quarter. Harfst & Associates Inc. now owns 1,175 shares of the industrial products company’s stock worth $145,000 after purchasing an additional 360 shares in the last quarter. YorkBridge Wealth Partners LLC lifted its stake in Deere & Company by 1.1% in the 2nd quarter. YorkBridge Wealth Partners LLC now owns 1,236 shares of the industrial products company’s stock worth $154,000 after purchasing an additional 13 shares in the last quarter. San Francisco Sentry Investment Group CA purchased a new stake in Deere & Company in the 2nd quarter worth $155,000. Finally, Moisand Fitzgerald Tamayo LLC purchased a new stake in Deere & Company in the 3rd quarter worth $158,000. 67.37% of the stock is owned by institutional investors.

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Deere & Company 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 & Company (NYSE:DE)

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