Press coverage about Deere & Company (NYSE:DE) has trended somewhat positive this week, Accern Sentiment reports. The research firm identifies positive and negative news coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Deere & Company earned a coverage optimism score of 0.10 on Accern’s scale. Accern also assigned media headlines about the industrial products company an impact score of 45.3257989205821 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
These are some of the media headlines that may have impacted Accern Sentiment Analysis’s scoring:
- Coming Out Of Shadows? Lennar Corporation (LEN), Deere & Company (DE) – Market Movers (financialqz.com)
- Recalls this week: dining benches, mattresses, work boots (marketbeat.com)
- Why Deere & Company (DE) Stock Might be a Great Pick (finance.yahoo.com)
- Lindsay's (LNN) Q1 Earnings Miss, Revenues Beat Estimates (finance.yahoo.com)
- John Deere Recall of Crossover Gator Utility Vehicles Due to Crash Hazard (motorsportsnewswire.com)
Several research firms have recently commented on DE. Deutsche Bank lifted their price objective on Deere & Company from $129.00 to $149.00 and gave the stock a “hold” rating in a report on Thursday, November 16th. Jefferies Group reiterated a “hold” rating and issued a $150.00 price objective on shares of Deere & Company in a report on Thursday, November 23rd. Zacks Investment Research upgraded Deere & Company from a “hold” rating to a “buy” rating and set a $150.00 price objective on the stock in a report on Thursday, November 2nd. Citigroup reiterated a “buy” rating and issued a $165.00 price objective on shares of Deere & Company in a report on Friday, November 24th. Finally, Royal Bank of Canada reiterated a “sector perform” rating and issued a $155.00 price objective (up previously from $134.00) on shares of Deere & Company in a report on Wednesday, November 22nd. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and thirteen have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $143.68.
Deere & Company (NYSE:DE) last posted its quarterly earnings data on Wednesday, November 22nd. The industrial products company reported $1.57 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.47 by $0.10. The business had revenue of $7.09 billion for the quarter, compared to analysts’ expectations of $6.91 billion. Deere & Company had a return on equity of 26.31% and a net margin of 7.22%. The business’s revenue was up 25.6% on a year-over-year basis. During the same period in the previous year, the firm posted $0.90 EPS. equities analysts anticipate that Deere & Company will post 7.94 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, February 1st. Shareholders of record on Friday, December 29th will be given a dividend of $0.60 per share. The ex-dividend date is Thursday, December 28th. This represents a $2.40 annualized dividend and a yield of 1.52%. Deere & Company’s payout ratio is 36.14%.
In other news, insider James M. Field sold 48,427 shares of the business’s stock in a transaction that occurred on Tuesday, November 28th. The stock was sold at an average price of $147.98, for a total value of $7,166,227.46. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Rajesh Kalathur sold 4,519 shares of the business’s stock in a transaction that occurred on Wednesday, November 29th. The stock was sold at an average price of $148.92, for a total value of $672,969.48. Following the completion of the sale, the chief financial officer now directly owns 36,288 shares in the company, valued at $5,404,008.96. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 224,642 shares of company stock worth $31,335,834. Insiders own 0.85% of the company’s stock.
About Deere & Company
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.
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