Deere & Company (NYSE:DE) Given Consensus Rating of "Hold" by Brokerages

Shares of Deere & Company (NYSE:DE - Get Free Report) have been assigned a consensus rating of "Hold" from the twenty-one brokerages that are presently covering the stock, Marketbeat Ratings reports. Thirteen research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The average 12 month target price among brokers that have covered the stock in the last year is $460.21.

A number of analysts recently issued reports on DE shares. Evercore ISI raised 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. Morgan Stanley increased their target price on shares of Deere & Company from $450.00 to $500.00 and gave the stock an "overweight" rating in a research report on Wednesday, April 16th. JPMorgan Chase & Co. raised their price objective on Deere & Company from $470.00 to $500.00 and gave the company a "neutral" rating in a research report on Monday, February 10th. UBS Group reduced their target price on shares of Deere & Company from $462.00 to $440.00 and set a "neutral" rating on the stock in a research report on Monday, April 7th. Finally, Baird R W cut Deere & Company from a "strong-buy" rating to a "hold" rating in a research note on Monday, March 3rd.

Insider Transactions at Deere & Company

In other Deere & Company news, insider Rajesh Kalathur sold 24,580 shares of the firm's stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $500.61, for a total transaction of $12,304,993.80. Following the transaction, the insider now owns 74,878 shares in the company, valued at $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 is available at the SEC website. 0.29% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Deere & Company

Large investors have recently modified their holdings of the business. Pineridge Advisors LLC grew its holdings in 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 Deere & Company in the 4th quarter valued at about $32,000. YANKCOM Partnership acquired a new position in shares of Deere & Company during the fourth quarter worth approximately $34,000. Orion Capital Management LLC acquired a new position in Deere & Company during the fourth quarter worth $34,000. Finally, Synergy Asset Management LLC acquired a new stake in shares of Deere & Company in the 4th quarter worth about $35,000. Institutional investors and hedge funds own 68.58% of the company's stock.

Deere & Company Stock Performance

DE stock traded down $5.59 on Thursday, hitting $458.92. The company's stock had a trading volume of 983,357 shares, compared to its average volume of 1,423,235. Deere & Company has a 1 year low of $340.20 and a 1 year high of $515.05. The stock has a market cap of $124.56 billion, a price-to-earnings ratio of 20.34, a price-to-earnings-growth ratio of 2.14 and a beta of 1.00. The firm has a 50 day moving average of $467.21 and a two-hundred day moving average of $446.16. The company has a current ratio of 2.22, a quick ratio of 1.98 and a debt-to-equity ratio of 1.94.

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

Deere & Company Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 8th. Investors of record on Monday, March 31st will be paid a $1.62 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $6.48 annualized dividend and a dividend yield of 1.41%. Deere & Company's dividend payout ratio is presently 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.