Deere & Company (NYSE:DE) had its price target lifted by Citigroup from $165.00 to $200.00 in a research report report published on Tuesday, MarketBeat.com reports. The firm currently has a buy rating on the industrial products company’s stock.
DE has been the subject of a number of other reports. Deutsche Bank boosted their price target on shares of Deere & Company from $129.00 to $149.00 and gave the stock a hold rating in a research note on Thursday, November 16th. Jefferies Group reissued a hold rating and set a $150.00 price target on shares of Deere & Company in a research note on Thursday, November 23rd. Zacks Investment Research raised shares of Deere & Company from a hold rating to a buy rating and set a $150.00 price target for the company in a research note on Thursday, November 2nd. Royal Bank of Canada reissued a sector perform rating and set a $155.00 price target (up from $134.00) on shares of Deere & Company in a research note on Wednesday, November 22nd. Finally, Barclays assumed coverage on shares of Deere & Company in a research note on Tuesday, December 12th. They set an overweight rating and a $167.00 price target for the company. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and fourteen have given a buy rating to the company. The stock presently has an average rating of Buy and an average target price of $149.78.
Shares of Deere & Company (NYSE:DE) traded down $0.11 during mid-day trading on Tuesday, hitting $167.43. 1,960,392 shares of the stock were exchanged, compared to its average volume of 2,000,000. Deere & Company has a 12 month low of $104.10 and a 12 month high of $170.73. The firm has a market capitalization of $53,790.00, a price-to-earnings ratio of 25.18, a price-to-earnings-growth ratio of 2.54 and a beta of 0.77. 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 also recently announced a quarterly dividend, which will be paid on Thursday, February 1st. Shareholders of record on Friday, December 29th will be paid a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 1.43%. The ex-dividend date of this dividend is Thursday, December 28th. Deere & Company’s payout ratio is presently 36.09%.
In other news, insider John C. May II sold 18,626 shares of the company’s stock in a transaction that occurred on Tuesday, October 24th. The shares were sold at an average price of $130.76, for a total value of $2,435,535.76. Following the completion of the transaction, the insider now owns 37,462 shares in the company, valued at $4,898,531.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Mary K.W. Jones sold 34,136 shares of the company’s stock in a transaction that occurred on Tuesday, November 28th. The shares were sold at an average price of $124.72, for a total transaction of $4,257,441.92. The disclosure for this sale can be found here. Insiders sold 246,097 shares of company stock valued at $35,868,394 in the last ninety days. Insiders own 0.75% of the company’s stock.
Several institutional investors have recently added to or reduced their stakes in DE. QCI Asset Management Inc. NY boosted its holdings in shares of Deere & Company by 18.8% in the second quarter. QCI Asset Management Inc. NY now owns 950 shares of the industrial products company’s stock valued at $117,000 after buying an additional 150 shares during the period. Wealthcare Advisory Partners LLC acquired a new position in shares of Deere & Company in the third quarter valued at approximately $144,000. Harfst & Associates Inc. boosted its holdings in shares of Deere & Company by 44.2% in the second quarter. Harfst & Associates Inc. now owns 1,175 shares of the industrial products company’s stock valued at $145,000 after buying an additional 360 shares during the period. YorkBridge Wealth Partners LLC boosted its holdings in shares of Deere & Company by 1.1% in the second quarter. YorkBridge Wealth Partners LLC now owns 1,236 shares of the industrial products company’s stock valued at $154,000 after buying an additional 13 shares during the period. Finally, San Francisco Sentry Investment Group CA acquired a new position in shares of Deere & Company in the second quarter valued at approximately $155,000. Institutional investors own 67.37% of the company’s stock.
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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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