Deere & Company (DE) Receiving Somewhat Positive News Coverage, Report Finds

News articles about Deere & Company (NYSE:DE) have been trending somewhat positive on Monday, Accern reports. Accern ranks the sentiment of press coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Deere & Company earned a daily sentiment score of 0.11 on Accern’s scale. Accern also gave media stories about the industrial products company an impact score of 46.0417646545377 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near future.

Here are some of the news articles that may have effected Accern Sentiment’s analysis:

Deere & Company (DE) traded up $0.79 during mid-day trading on Monday, hitting $161.11. The stock had a trading volume of 2,711,664 shares, compared to its average volume of 1,864,540. 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 firm has a market cap of $51,760.00, a P/E ratio of 24.23, a P/E/G ratio of 2.46 and a beta of 0.77. Deere & Company has a one year low of $103.99 and a one year high of $161.18.

Deere & Company (NYSE:DE) last posted its quarterly earnings results on Wednesday, November 22nd. The industrial products company reported $1.57 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.47 by $0.10. The company had revenue of $7.09 billion for the quarter, compared to the consensus estimate of $6.91 billion. Deere & Company had a return on equity of 26.31% and a net margin of 7.22%. The firm’s quarterly revenue was up 25.6% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.90 EPS. analysts predict that Deere & Company will post 7.95 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, February 1st. Stockholders of record on Friday, December 29th will be paid a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.49%. The ex-dividend date of this dividend is Thursday, December 28th. Deere & Company’s dividend payout ratio (DPR) is currently 36.09%.

A number of research analysts have commented on DE shares. Deutsche Bank increased their price objective 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 upgraded Deere & Company from a “hold” rating to a “buy” rating and set a $150.00 price objective on the stock in a research report on Thursday, November 2nd. Robert W. Baird upgraded Deere & Company from a “neutral” rating to an “outperform” rating and increased their price objective for the company from $140.00 to $155.00 in a research report on Tuesday, November 21st. ValuEngine upgraded Deere & Company from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. Finally, Royal Bank of Canada reiterated a “sector perform” rating and issued a $155.00 price objective (up from $134.00) on shares of Deere & Company in a research report on Wednesday, November 22nd. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and thirteen have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $143.68.

In related news, insider James M. Field sold 48,427 shares of the firm’s stock in a transaction on Tuesday, November 28th. The stock was sold at an average price of $147.98, for a total transaction of $7,166,227.46. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Cory J. Reed sold 6,416 shares of the firm’s stock in a transaction on Wednesday, December 13th. The stock was sold at an average price of $151.54, for a total value of $972,280.64. Following the sale, the insider now directly owns 11,383 shares in the company, valued at approximately $1,724,979.82. The disclosure for this sale can be found here. In the last three months, insiders sold 202,547 shares of company stock worth $28,528,885. 0.75% of the stock is currently owned by company insiders.

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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.

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