Deere & Company (NYSE:DE) Price Target Increased to $378.00 by Analysts at Evercore ISI

Deere & Company (NYSE:DE - Get Free Report) had its target price raised by investment analysts at Evercore ISI from $371.00 to $378.00 in a research report issued on Monday, Benzinga reports. The firm presently has an "in-line" rating on the industrial products company's stock. Evercore ISI's price target points to a potential upside of 1.36% from the stock's previous close.

Several other research analysts have also weighed in on the stock. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Deere & Company from $402.00 to $389.00 and set a "hold" rating on the stock in a research report on Thursday, August 8th. TD Cowen upped their target price on shares of Deere & Company from $383.00 to $390.00 and gave the stock a "hold" rating in a research report on Friday, May 17th. Morgan Stanley upped their target price on shares of Deere & Company from $430.00 to $450.00 in a research report on Wednesday, May 15th. Oppenheimer lowered their target price on shares of Deere & Company from $465.00 to $448.00 and set an "outperform" rating on the stock in a research report on Monday, July 22nd. Finally, Raymond James started coverage on shares of Deere & Company in a report on Friday, June 28th. They issued an "outperform" rating and a $420.00 price target on the stock. Fourteen equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $421.90.

Deere & Company Stock Performance

Shares of NYSE:DE traded down $5.01 on Monday, reaching $372.91. The company's stock had a trading volume of 1,637,164 shares, compared to its average volume of 1,550,788. The stock's 50-day moving average is $367.47 and its two-hundred day moving average is $380.36. Deere & Company has a 52-week low of $340.20 and a 52-week high of $423.35. The company has a debt-to-equity ratio of 1.81, a current ratio of 2.01 and a quick ratio of 1.80. The stock has a market capitalization of $102.76 billion, a P/E ratio of 11.23, a PEG ratio of 1.59 and a beta of 0.93.

Deere & Company (NYSE:DE - Get Free Report) last announced its earnings results on Thursday, August 15th. The industrial products company reported $6.29 EPS for the quarter, beating analysts' consensus estimates of $5.63 by $0.66. Deere & Company had a net margin of 16.15% and a return on equity of 42.26%. The business had revenue of $11.39 billion during the quarter, compared to analysts' expectations of $10.94 billion. During the same period in the prior year, the company earned $10.20 earnings per share. The business's revenue was down 20.3% compared to the same quarter last year. As a group, sell-side analysts forecast that Deere & Company will post 25.41 EPS for the current year.

Insider Transactions at Deere & Company

In related news, insider Cory J. Reed sold 13,370 shares of Deere & Company stock in a transaction dated Monday, June 24th. The shares were sold at an average price of $377.63, for a total value of $5,048,913.10. Following the sale, the insider now directly owns 41,642 shares in the company, valued at approximately $15,725,268.46. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 0.26% of the company's stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. True Wealth Design LLC lifted its stake in Deere & Company by 1,180.0% in the fourth quarter. True Wealth Design LLC now owns 64 shares of the industrial products company's stock valued at $26,000 after acquiring an additional 59 shares during the last quarter. Fairscale Capital LLC acquired a new stake in Deere & Company in the second quarter valued at approximately $26,000. Pineridge Advisors LLC lifted its stake in Deere & Company by 725.0% in the first quarter. Pineridge Advisors LLC now owns 66 shares of the industrial products company's stock valued at $27,000 after acquiring an additional 58 shares during the last quarter. Private Wealth Management Group LLC acquired a new stake in Deere & Company in the fourth quarter valued at approximately $29,000. Finally, Bfsg LLC acquired a new stake in Deere & Company in the fourth quarter valued at approximately $30,000. 68.58% of the stock is owned by hedge funds and other institutional investors.

Deere & Company Company Profile

Deere & Company engages in the manufacture and distribution of various equipment worldwide. The company operates through four segments: Production and Precision Agriculture, Small Agriculture and Turf, Construction and Forestry, and Financial Services. The Production and Precision Agriculture segment provides large and medium tractors, combines, cotton pickers and strippers, sugarcane harvesters and loaders, harvesting front-end equipment, pull-behind scrapers, and tillage and seeding equipment, as well as application equipment, including sprayers and nutrient management, and soil preparation machinery for grain growers.