Deere & Company (NYSE:DE) had its price objective increased by BMO Capital Markets from $175.00 to $180.00 in a research note released on Monday, The Fly reports. They currently have an outperform rating on the industrial products company’s stock.
Several other equities analysts have also recently weighed in on DE. Morgan Stanley raised their price target on shares of Deere & Company from $180.00 to $197.00 and gave the company an overweight rating in a research report on Friday. Citigroup cut their price target on Deere & Company from $200.00 to $195.00 and set a buy rating for the company in a research note on Monday. JPMorgan Chase & Co. reissued a sell rating and set a $140.00 price objective on shares of Deere & Company in a report on Monday, November 25th. Bank of America downgraded Deere & Company from a neutral rating to an underperform rating and lowered their price objective for the stock from $200.00 to $150.00 in a research note on Monday. Finally, Credit Suisse Group restated an outperform rating and issued a $197.00 target price (up previously from $176.00) on shares of Deere & Company in a report on Monday, August 19th. Four investment analysts have rated the stock with a sell rating, seven have given a hold rating and eleven have given a buy rating to the company. The stock currently has a consensus rating of Hold and a consensus price target of $171.84.
DE opened at $165.29 on Monday. The company has a current ratio of 2.04, a quick ratio of 1.80 and a debt-to-equity ratio of 2.65. The company’s fifty day moving average price is $173.91 and its two-hundred day moving average price is $161.32. Deere & Company has a 1-year low of $132.68 and a 1-year high of $180.48. The company has a market cap of $52.91 billion, a price-to-earnings ratio of 16.63, a PEG ratio of 2.27 and a beta of 1.13.
In other Deere & Company news, insider James M. Field sold 12,637 shares of the company’s stock in a transaction on Monday, November 11th. The stock was sold at an average price of $180.00, for a total value of $2,274,660.00. Following the completion of the transaction, the insider now owns 113,858 shares in the company, valued at approximately $20,494,440. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman Samuel R. Allen sold 114,253 shares of the company’s stock in a transaction on Monday, November 4th. The shares were sold at an average price of $178.30, for a total value of $20,371,309.90. Following the completion of the transaction, the chairman now owns 423,497 shares of the company’s stock, valued at approximately $75,509,515.10. The disclosure for this sale can be found here. 0.71% of the stock is owned by company insiders.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. DRW Securities LLC purchased a new stake in Deere & Company during the second quarter valued at about $227,000. Clarius Group LLC lifted its stake in shares of Deere & Company by 6.3% during the 2nd quarter. Clarius Group LLC now owns 1,984 shares of the industrial products company’s stock valued at $329,000 after buying an additional 117 shares in the last quarter. Buckingham Asset Management LLC lifted its stake in shares of Deere & Company by 6.4% during the 2nd quarter. Buckingham Asset Management LLC now owns 3,766 shares of the industrial products company’s stock valued at $624,000 after buying an additional 226 shares in the last quarter. Cetera Advisor Networks LLC lifted its stake in shares of Deere & Company by 15.4% during the 2nd quarter. Cetera Advisor Networks LLC now owns 14,377 shares of the industrial products company’s stock valued at $2,388,000 after buying an additional 1,917 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its holdings in Deere & Company by 0.4% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 649,925 shares of the industrial products company’s stock worth $107,699,000 after buying an additional 2,598 shares during the period. Institutional investors own 66.65% of the company’s stock.
About Deere & Company
Deere & Company manufactures and distributes various equipment worldwide. The company operates through three segments: Agriculture and Turf, Construction and Forestry, and Financial Services. The Agriculture and Turf segment offers agriculture and turf equipment, and related parts, including large, medium, and utility tractors; tractor loaders; combines, cotton pickers, cotton strippers, and sugarcane harvesters; harvesting front-end equipment; sugarcane loaders and pull-behind scrapers; and tillage, seeding, and application equipment.
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