Deere & Company (DE) PT Set at $165.00 by Robert W. Baird

Robert W. Baird set a $165.00 target price on Deere & Company (NYSE:DE) in a report released on Monday. The firm currently has a buy rating on the industrial products company’s stock.

DE has been the subject of several other research reports. Zacks Investment Research cut shares of Deere & Company from a hold rating to a sell rating in a research report on Tuesday, November 20th. Deutsche Bank set a $155.00 target price on shares of Deere & Company and gave the stock a hold rating in a research report on Wednesday, September 5th. Argus upped their target price on shares of Deere & Company to $166.00 and gave the stock a buy rating in a research report on Tuesday, November 27th. Cfra set a $158.00 target price on shares of Deere & Company and gave the stock a hold rating in a research report on Wednesday, November 21st. Finally, UBS Group set a $177.00 target price on shares of Deere & Company and gave the stock a buy rating in a research report on Friday, November 23rd. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and fifteen have issued a buy rating to the stock. The company has an average rating of Buy and an average target price of $177.35.

NYSE DE opened at $154.39 on Monday. Deere & Company has a 52 week low of $128.32 and a 52 week high of $175.26. The company has a quick ratio of 1.67, a current ratio of 1.92 and a debt-to-equity ratio of 2.41. The stock has a market capitalization of $48.76 billion, a price-to-earnings ratio of 16.44, a PEG ratio of 1.47 and a beta of 1.00.

Deere & Company (NYSE:DE) last posted its earnings results on Wednesday, November 21st. The industrial products company reported $2.30 EPS for the quarter, missing the consensus estimate of $2.44 by ($0.14). Deere & Company had a return on equity of 29.61% and a net margin of 6.34%. The firm had revenue of $8.34 billion during the quarter, compared to the consensus estimate of $8.59 billion. During the same quarter last year, the company posted $1.57 EPS. Deere & Company’s revenue for the quarter was up 17.6% on a year-over-year basis. As a group, equities analysts expect that Deere & Company will post 11.48 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 1st. Stockholders of record on Monday, December 31st will be issued a $0.76 dividend. The ex-dividend date is Friday, December 28th. This is a boost from Deere & Company’s previous quarterly dividend of $0.69. This represents a $3.04 annualized dividend and a dividend yield of 1.97%. Deere & Company’s dividend payout ratio (DPR) is 29.39%.

In other news, CFO Rajesh Kalathur sold 11,133 shares of the stock in a transaction that occurred on Thursday, November 29th. The shares were sold at an average price of $151.47, for a total value of $1,686,315.51. Following the completion of the transaction, the chief financial officer now directly owns 42,244 shares in the company, valued at $6,398,698.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.74% of the company’s stock.

A number of hedge funds have recently added to or reduced their stakes in the stock. Motco lifted its stake in Deere & Company by 1.0% during the third quarter. Motco now owns 36,241 shares of the industrial products company’s stock valued at $5,448,000 after purchasing an additional 342 shares during the last quarter. Summit X LLC lifted its stake in Deere & Company by 26.9% during the second quarter. Summit X LLC now owns 1,650 shares of the industrial products company’s stock valued at $231,000 after purchasing an additional 350 shares during the last quarter. Kiley Juergens Wealth Management LLC lifted its stake in Deere & Company by 26.9% during the third quarter. Kiley Juergens Wealth Management LLC now owns 1,650 shares of the industrial products company’s stock valued at $248,000 after purchasing an additional 350 shares during the last quarter. Hartland & Co. LLC lifted its stake in Deere & Company by 7.7% during the second quarter. Hartland & Co. LLC now owns 4,952 shares of the industrial products company’s stock valued at $692,000 after purchasing an additional 352 shares during the last quarter. Finally, Hugh Johnson Advisors LLC lifted its stake in Deere & Company by 12.5% during the second quarter. Hugh Johnson Advisors LLC now owns 3,300 shares of the industrial products company’s stock valued at $461,000 after purchasing an additional 366 shares during the last quarter. 65.54% of the stock is owned by institutional investors and hedge funds.

Deere & Company Company Profile

Deere & Company, together with its subsidiaries, manufactures and distributes agriculture and turf, and construction and forestry equipment worldwide. The company's Agriculture and Turf segment provides agriculture and turf equipment, and related service parts, including large, medium, and utility tractors; tractor loaders; combines, cotton pickers, cotton strippers, and sugarcane harvesters; related harvesting front-end equipment; sugarcane loaders and pull-behind scrapers; and tillage, seeding, and application equipment comprising sprayers, and nutrient management and soil preparation machinery.

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Analyst Recommendations for Deere & Company (NYSE:DE)

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