Deere & Company (NYSE:DE) Price Target Raised to $513.00

Deere & Company (NYSE:DE - Get Free Report) had its price target lifted by stock analysts at Oppenheimer from $510.00 to $513.00 in a research report issued on Tuesday,Benzinga reports. The firm presently has an "outperform" rating on the industrial products company's stock. Oppenheimer's price objective suggests a potential upside of 13.51% from the company's previous close.

A number of other analysts also recently weighed in on the stock. Evercore ISI upped their target price on shares of Deere & Company from $437.00 to $455.00 and gave the stock an "in-line" rating in a research report on Wednesday, February 19th. Robert W. Baird restated a "neutral" rating and issued a $501.00 price objective on shares of Deere & Company in a report on Monday, March 3rd. Truist Financial reiterated a "buy" rating and set a $546.00 target price (down from $550.00) on shares of Deere & Company in a report on Friday, February 14th. Citigroup cut their price target on Deere & Company from $480.00 to $450.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 8th. Finally, Argus set a $510.00 price objective on Deere & Company in a research note on Friday, March 7th. One research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $460.21.

Deere & Company Trading Up 2.3 %

Shares of NYSE:DE traded up $10.37 on Tuesday, hitting $451.93. The company had a trading volume of 108,831 shares, compared to its average volume of 1,420,342. The firm's 50-day simple moving average is $469.08 and its two-hundred day simple moving average is $445.21. The firm has a market capitalization of $122.66 billion, a price-to-earnings ratio of 20.03, a P/E/G ratio of 2.14 and a beta of 1.00. The company has a quick ratio of 1.98, a current ratio of 2.22 and a debt-to-equity ratio of 1.94. Deere & Company has a 1 year low of $340.20 and a 1 year high of $515.05.

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

Insider Transactions at Deere & Company

In other news, insider Rajesh Kalathur sold 24,580 shares of the firm's stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $500.61, for a total value of $12,304,993.80. Following the completion of the sale, the insider now owns 74,878 shares in the company, valued at approximately $37,484,675.58. This trade represents a 24.71 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.29% of the company's stock.

Institutional Trading of Deere & Company

Several institutional investors have recently added to or reduced their stakes in the company. Pineridge Advisors LLC lifted its stake in shares of Deere & Company by 60.5% during the 4th quarter. Pineridge Advisors LLC now owns 69 shares of the industrial products company's stock worth $29,000 after acquiring an additional 26 shares during the last quarter. Modus Advisors LLC bought a new stake in shares of Deere & Company during the fourth quarter worth $32,000. YANKCOM Partnership purchased a new stake in shares of Deere & Company during the fourth quarter valued at $34,000. Orion Capital Management LLC purchased a new position in Deere & Company in the 4th quarter worth about $34,000. Finally, Synergy Asset Management LLC purchased a new stake in Deere & Company in the 4th quarter valued at about $35,000. Institutional investors own 68.58% of the company's stock.

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.

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