Today: Today, Deere & Company (DE) Stock Rating Reaffirm by BMO Capital Markets

Today, Deere & Company (DE) Stock Rating Reaffirm by BMO Capital Markets

BMO Capital Markets reissued their buy rating on shares of Deere & Company (NYSE:DE) in a research report report published on Wednesday. The firm currently has a $96.00 price target on the stock.

Several other equities research analysts also recently weighed in on the company. Zacks Investment Research upgraded Deere & Company from a hold rating to a buy rating and set a $103.00 price target on the stock in a report on Tuesday, November 15th. Robert W. Baird downgraded Deere & Company from an outperform rating to a neutral rating in a report on Monday, November 14th. RBC Capital Markets began coverage on Deere & Company in a report on Thursday, November 10th. They set an outperform rating on the stock. Mizuho downgraded Deere & Company from a buy rating to a neutral rating in a report on Wednesday, November 9th. Finally, Oppenheimer Holdings Inc. cut Deere & Company from an outperform rating to a market perform rating in a research report on Thursday, October 27th. Five analysts have rated the stock with a sell rating, twelve have given a hold rating and ten have given a buy rating to the company. The company currently has an average rating of Hold and a consensus target price of $90.24.

Shares of Deere & Company (NYSE:DE) opened at 101.70 on Wednesday. Deere & Company has a one year low of $70.16 and a one year high of $104.83. The stock has a market cap of $31.98 billion, a P/E ratio of 20.38 and a beta of 0.71. The stock has a 50 day moving average of $89.76 and a 200 day moving average of $84.31.

Deere & Company (NYSE:DE) last issued its quarterly earnings results on Wednesday, November 23rd. The company reported $0.90 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.40 by $0.50. Deere & Company had a return on equity of 21.54% and a net margin of 5.72%. The company had revenue of $6.52 billion for the quarter. During the same quarter last year, the company earned $1.08 EPS. Deere & Company’s revenue for the quarter was down 4.8% compared to the same quarter last year. On average, analysts forecast that Deere & Company will post $4.32 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, November 1st. Investors of record on Friday, September 30th were paid a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 2.36%. The ex-dividend date of this dividend was Wednesday, September 28th. Deere & Company’s payout ratio is currently 49.90%.

In other Deere & Company news, insider Max A. Guinn sold 36,402 shares of the stock in a transaction on Friday, November 25th. The stock was sold at an average price of $102.94, for a total transaction of $3,747,221.88. Following the sale, the insider now owns 55,427 shares in the company, valued at approximately $5,705,655.38. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider John C. May II sold 18,614 shares of the stock in a transaction on Wednesday, November 23rd. The shares were sold at an average price of $96.46, for a total value of $1,795,506.44. Following the sale, the insider now owns 28,926 shares in the company, valued at approximately $2,790,201.96. The disclosure for this sale can be found here. 0.75% of the stock is owned by corporate insiders.

Large investors have recently made changes to their positions in the stock. FMR LLC boosted its stake in shares of Deere & Company by 37.2% in the second quarter. FMR LLC now owns 9,139,259 shares of the company’s stock worth $740,647,000 after buying an additional 2,477,175 shares during the period. First Eagle Investment Management LLC boosted its stake in shares of Deere & Company by 20.4% in the third quarter. First Eagle Investment Management LLC now owns 6,325,129 shares of the company’s stock worth $539,850,000 after buying an additional 1,072,390 shares during the period. Los Angeles Capital Management & Equity Research Inc. boosted its stake in shares of Deere & Company by 1,983.4% in the third quarter. Los Angeles Capital Management & Equity Research Inc. now owns 1,005,965 shares of the company’s stock worth $85,859,000 after buying an additional 957,680 shares during the period. Generation Investment Management LLP boosted its stake in shares of Deere & Company by 12.8% in the third quarter. Generation Investment Management LLP now owns 6,838,253 shares of the company’s stock worth $583,645,000 after buying an additional 775,827 shares during the period. Finally, Mackenzie Financial Corp boosted its stake in shares of Deere & Company by 5,429.8% in the second quarter. Mackenzie Financial Corp now owns 764,161 shares of the company’s stock worth $61,928,000 after buying an additional 750,342 shares during the period. Hedge funds and other institutional investors own 71.68% of the company’s stock.

About Deere & Company

Related posts

Leave a Comment