Analysts Set Deere & Company (NYSE:DE) Price Target at $460.00

Deere & Company (NYSE:DE - Get Free Report) has earned a consensus rating of "Hold" from the twenty-one analysts that are covering the stock, MarketBeat.com reports. Thirteen analysts have rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $460.00.

DE has been the subject of a number of research reports. Baird R W lowered shares of Deere & Company from a "strong-buy" rating to a "hold" rating in a report on Monday, March 3rd. Robert W. Baird restated a "neutral" rating and issued a $501.00 price target on shares of Deere & Company in a report on Monday, March 3rd. JPMorgan Chase & Co. increased their target price on Deere & Company from $470.00 to $500.00 and gave the stock a "neutral" rating in a research note on Monday, February 10th. StockNews.com raised shares of Deere & Company from a "sell" rating to a "hold" rating in a research report on Saturday. Finally, Evercore ISI increased their price objective on Deere & Company from $437.00 to $455.00 and gave the stock an "in-line" rating in a report on Wednesday, February 19th.

Insider Buying and Selling

In other news, insider Rajesh Kalathur sold 24,580 shares of the company's stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $500.61, for a total value of $12,304,993.80. Following the completion of the transaction, the insider now directly owns 74,878 shares of the company's stock, valued at $37,484,675.58. This represents a 24.71 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.29% of the stock is currently owned by corporate insiders.

Remove Ads

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Everence Capital Management Inc. grew its position in shares of Deere & Company by 148.3% during the 4th quarter. Everence Capital Management Inc. now owns 12,223 shares of the industrial products company's stock valued at $5,179,000 after acquiring an additional 7,300 shares during the period. Compass Financial Services Inc purchased a new position in Deere & Company in the fourth quarter valued at approximately $254,000. Toronto Dominion Bank grew its holdings in Deere & Company by 1.5% during the third quarter. Toronto Dominion Bank now owns 86,952 shares of the industrial products company's stock valued at $36,288,000 after purchasing an additional 1,291 shares during the period. Czech National Bank increased its position in Deere & Company by 5.7% in the fourth quarter. Czech National Bank now owns 55,170 shares of the industrial products company's stock worth $23,376,000 after buying an additional 2,964 shares during the last quarter. Finally, Hotchkis & Wiley Capital Management LLC bought a new stake in shares of Deere & Company in the third quarter valued at $86,337,000. Hedge funds and other institutional investors own 68.58% of the company's stock.

Deere & Company Stock Performance

DE stock traded down $7.91 on Friday, reaching $470.54. 1,393,138 shares of the company were exchanged, compared to its average volume of 1,401,763. The stock's fifty day moving average price is $478.09 and its 200 day moving average price is $441.50. The firm has a market capitalization of $127.71 billion, a PE ratio of 20.86, a PEG ratio of 2.14 and a beta of 1.01. The company has a debt-to-equity ratio of 1.94, a current ratio of 2.22 and a quick ratio of 1.98. Deere & Company has a 12 month low of $340.20 and a 12 month high of $515.05.

Deere & Company (NYSE:DE - Get Free Report) last released its quarterly earnings data on Thursday, February 13th. The industrial products company reported $3.19 earnings per share for the quarter, beating analysts' consensus estimates of $3.14 by $0.05. Deere & Company had a return on equity of 27.31% and a net margin of 12.94%. On average, research analysts anticipate that Deere & Company will post 19.32 EPS for the current fiscal year.

Deere & Company Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 8th. Shareholders of record on Monday, March 31st will be paid a dividend of $1.62 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $6.48 dividend on an annualized basis and a yield of 1.38%. Deere & Company's dividend payout ratio (DPR) is currently 28.72%.

Deere & Company Company Profile

Deere & Co engages in the manufacture and distribution of equipment used in agriculture, construction, forestry, and turf care. It operates through the following segments: Agriculture and Turf, Construction and Forestry, and Financial Services. The Agriculture and Turf segment focuses on the distribution and manufacture of a full line of agriculture and turf equipment and related service parts.