Media coverage about Deere & Company (NYSE:DE) has trended somewhat positive on Saturday, Accern Sentiment reports. The research group identifies positive and negative media coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of public 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 0.12 on Accern’s scale. Accern also gave news stories about the industrial products company an impact score of 46.4533338780764 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
These are some of the news stories that may have effected Accern’s scoring:
- Deere & Company (DE) Receives Average Rating of “Buy” from Brokerages (americanbankingnews.com)
- 3 Reasons Deere Is Set for a Good Year (fool.com)
- Rent Like a Champion Carving Niche as Sports World’s Airbnb (memphisdailynews.com)
- Gradall intros Discovery Series excavators designed for emergency cleanup (equipmentworld.com)
- Use the Right Nozzles for the Job (agweb.com)
A number of analysts have recently issued reports on DE shares. Deutsche Bank boosted their target price on Deere & Company from $129.00 to $149.00 and gave the stock a “hold” rating in a report on Thursday, November 16th. ValuEngine upgraded Deere & Company from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. Zacks Investment Research upgraded Deere & Company from a “hold” rating to a “buy” rating and set a $150.00 target price for the company in a report on Thursday, November 2nd. Robert W. Baird upgraded Deere & Company from a “neutral” rating to an “outperform” rating and boosted their target price for the stock from $140.00 to $155.00 in a report on Tuesday, November 21st. Finally, Royal Bank of Canada reiterated a “sector perform” rating and set a $155.00 target price (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, seven have issued a hold rating and fourteen have given a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $151.87.
Deere & Company (NYSE:DE) last released its quarterly earnings results on Wednesday, November 22nd. The industrial products company reported $1.57 EPS for the quarter, topping the consensus estimate of $1.47 by $0.10. The firm had revenue of $7.09 billion for the quarter, compared to analyst estimates of $6.91 billion. Deere & Company had a return on equity of 26.31% and a net margin of 7.22%. Deere & Company’s revenue for the quarter was up 25.6% on a year-over-year basis. During the same period in the previous year, the company posted $0.90 EPS. sell-side analysts anticipate that Deere & Company will post 8.15 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, February 1st. Investors of record on Friday, December 29th will be given a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 1.41%. The ex-dividend date is Thursday, December 28th. Deere & Company’s dividend payout ratio (DPR) is presently 36.09%.
In other Deere & Company news, VP Mary K.W. Jones sold 34,136 shares of the company’s stock in a transaction that occurred on Tuesday, November 28th. The stock was sold at an average price of $124.72, for a total value of $4,257,441.92. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Max A. Guinn sold 11,235 shares of the company’s stock in a transaction that occurred on Tuesday, January 16th. The shares were sold at an average price of $168.68, for a total value of $1,895,119.80. Following the completion of the transaction, the insider now directly owns 39,406 shares in the company, valued at $6,647,004.08. The disclosure for this sale can be found here. Insiders have sold a total of 246,097 shares of company stock worth $35,868,394 over the last three months. 0.85% of the stock is currently owned by corporate insiders.
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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