Deere & Company (NYSE:DE) has been given an average rating of “Hold” by the twenty-five research firms that are presently covering the stock, Marketbeat reports. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and thirteen have given a buy rating to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $144.41.
DE has been the subject of a number of research analyst reports. ValuEngine raised Deere & Company from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Deutsche Bank lifted their target price on Deere & Company from $129.00 to $149.00 and gave the company a “hold” rating in a research report on Thursday, November 16th. Zacks Investment Research raised Deere & Company from a “hold” rating to a “buy” rating and set a $150.00 target price for the company in a research report on Thursday, November 2nd. Robert W. Baird raised Deere & Company from a “neutral” rating to an “outperform” rating and lifted their target price for the company from $140.00 to $155.00 in a research report on Tuesday, November 21st. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and set a $155.00 target price (up from $134.00) on shares of Deere & Company in a research report on Wednesday, November 22nd.
Shares of Deere & Company (NYSE:DE) traded up $1.67 during mid-day trading on Tuesday, hitting $157.53. The company had a trading volume of 1,714,700 shares, compared to its average volume of 2,364,083. Deere & Company has a 52-week low of $102.75 and a 52-week high of $158.10. The company has a debt-to-equity ratio of 2.71, a current ratio of 2.12 and a quick ratio of 1.95. The company has a market cap of $50,818.39, a price-to-earnings ratio of 23.72, a P/E/G ratio of 2.42 and a beta of 0.77.
The company also recently declared 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 of this dividend is Thursday, December 28th. This represents a $2.40 dividend on an annualized basis and a yield of 1.52%. Deere & Company’s dividend payout ratio is currently 36.14%.
In other news, VP Marc A. Howze sold 7,731 shares of the business’s stock in a transaction dated Monday, December 4th. The stock was sold at an average price of $151.76, for a total value of $1,173,256.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Cory J. Reed sold 6,416 shares of the business’s stock in a transaction dated Wednesday, December 13th. The shares were sold at an average price of $151.54, for a total value of $972,280.64. Following the completion of the transaction, the insider now directly owns 11,383 shares of the company’s stock, valued at approximately $1,724,979.82. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 224,642 shares of company stock valued at $31,335,834. 0.75% of the stock is currently owned by insiders.
Hedge funds have recently modified their holdings of the company. Vanguard Group Inc. raised its holdings in Deere & Company by 5.6% in the 2nd quarter. Vanguard Group Inc. now owns 21,593,762 shares of the industrial products company’s stock worth $2,668,774,000 after purchasing an additional 1,153,484 shares during the period. BlackRock Inc. raised its holdings in Deere & Company by 2.5% in the 2nd quarter. BlackRock Inc. now owns 17,125,313 shares of the industrial products company’s stock worth $2,116,517,000 after purchasing an additional 409,861 shares during the period. Capital International Investors raised its holdings in Deere & Company by 35.4% in the 3rd quarter. Capital International Investors now owns 8,807,474 shares of the industrial products company’s stock worth $1,106,131,000 after purchasing an additional 2,300,531 shares during the period. FMR LLC raised its holdings in Deere & Company by 18.3% in the 2nd quarter. FMR LLC now owns 5,032,313 shares of the industrial products company’s stock worth $621,943,000 after purchasing an additional 777,519 shares during the period. Finally, Bank of New York Mellon Corp raised its holdings in Deere & Company by 21.2% in the 3rd quarter. Bank of New York Mellon Corp now owns 3,621,764 shares of the industrial products company’s stock worth $454,857,000 after purchasing an additional 634,001 shares during the period. 67.36% of the stock is owned by institutional investors and hedge funds.
TRADEMARK VIOLATION NOTICE: “Deere & Company (DE) Receives Consensus Recommendation of “Hold” from Brokerages” was first reported by Community Financial News and is the sole property of of Community Financial News. If you are accessing this news story on another site, it was illegally stolen and reposted in violation of US and international trademark and copyright laws. The original version of this news story can be viewed at https://www.com-unik.info/2017/12/26/deere-company-de-receives-consensus-recommendation-of-hold-from-brokerages.html.
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.
Receive News & Ratings for Deere & Company Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Deere & Company and related companies with MarketBeat.com's FREE daily email newsletter.