Today: Today, Deere & Co.’s (DE) “Hold” Rating Reaffirm at Jefferies Group

Today, Deere & Co.’s (DE) “Hold” Rating Reaffirm at Jefferies Group

Jefferies Group restated their hold rating on shares of Deere & Co. (NYSE:DE) in a research report released on Monday morning. They currently have a $95.00 target price on the stock, up from their prior target price of $85.00.

A number of other brokerages have also commented on DE. Robert W. Baird raised Deere & Co. from a neutral rating to an outperform rating and raised their price target for the stock from $86.00 to $100.00 in a research note on Monday, October 31st. Piper Jaffray Cos. raised their price target on Deere & Co. from $67.00 to $70.00 and gave the stock an underweight rating in a research note on Monday, August 22nd. Mizuho lowered Deere & Co. from a buy rating to a neutral rating in a research note on Wednesday, November 9th. Longbow Research raised Deere & Co. from an underperform rating to a neutral rating in a research note on Friday. Finally, Zacks Investment Research lowered Deere & Co. from a buy rating to a hold rating in a research note on Tuesday, October 25th. Five equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and ten have issued a buy rating to the company. Deere & Co. presently has an average rating of Hold and an average price target of $90.24.

Deere & Co. (NYSE:DE) opened at 101.70 on Monday. The stock has a market capitalization of $31.98 billion, a P/E ratio of 20.38 and a beta of 0.71. Deere & Co. has a 12-month low of $70.16 and a 12-month high of $104.83. The firm’s 50-day moving average is $89.76 and its 200-day moving average is $84.31.

Deere & Co. (NYSE:DE) last announced its quarterly earnings results on Wednesday, November 23rd. The company reported $0.90 EPS for the quarter, topping analysts’ consensus estimates of $0.40 by $0.50. Deere & Co. had a return on equity of 21.54% and a net margin of 5.72%. The company earned $6.52 billion during the quarter. During the same period in the previous year, the business earned $1.08 EPS. The business’s revenue was down 4.8% compared to the same quarter last year. Analysts predict that Deere & Co. will post $4.32 EPS for the current fiscal year.

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

In related news, insider Max A. Guinn sold 36,402 shares of Deere & Co. stock in a transaction that occurred 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 of the company’s stock, valued at approximately $5,705,655.38. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider John C. May II sold 18,614 shares of Deere & Co. stock in a transaction that occurred 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 directly owns 28,926 shares in the company, valued at approximately $2,790,201.96. The disclosure for this sale can be found here. Insiders own 0.75% of the company’s stock.

A number of hedge funds have recently modified their holdings of DE. Washington Trust Bank increased its stake in shares of Deere & Co. by 59.0% in the second quarter. Washington Trust Bank now owns 1,240 shares of the company’s stock valued at $100,000 after buying an additional 460 shares during the period. Hartford Financial Management Inc. increased its stake in shares of Deere & Co. by 5.2% in the third quarter. Hartford Financial Management Inc. now owns 1,210 shares of the company’s stock valued at $103,000 after buying an additional 60 shares during the period. Jolley Asset Management LLC increased its stake in shares of Deere & Co. by 14.0% in the third quarter. Jolley Asset Management LLC now owns 1,225 shares of the company’s stock valued at $105,000 after buying an additional 150 shares during the period. CWM LLC increased its stake in shares of Deere & Co. by 94.6% in the third quarter. CWM LLC now owns 1,234 shares of the company’s stock valued at $105,000 after buying an additional 600 shares during the period. Finally, Cornerstone Advisors Inc. increased its stake in shares of Deere & Co. by 6.0% in the third quarter. Cornerstone Advisors Inc. now owns 1,268 shares of the company’s stock valued at $108,000 after buying an additional 72 shares during the period. 71.68% of the stock is currently owned by institutional investors.

About Deere & Co.

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Today: Today, Deere & Co.’s (DE) “Hold” Rating Reaffirm at Jefferies Group

Today, Deere & Co.’s (DE) “Hold” Rating Reaffirm at Jefferies Group

Jefferies Group restated their hold rating on shares of Deere & Co. (NYSE:DE) in a research report released on Monday morning. They currently have a $95.00 target price on the stock, up from their prior target price of $85.00.

A number of other brokerages have also commented on DE. Robert W. Baird raised Deere & Co. from a neutral rating to an outperform rating and raised their price target for the stock from $86.00 to $100.00 in a research note on Monday, October 31st. Piper Jaffray Cos. raised their price target on Deere & Co. from $67.00 to $70.00 and gave the stock an underweight rating in a research note on Monday, August 22nd. Mizuho lowered Deere & Co. from a buy rating to a neutral rating in a research note on Wednesday, November 9th. Longbow Research raised Deere & Co. from an underperform rating to a neutral rating in a research note on Friday. Finally, Zacks Investment Research lowered Deere & Co. from a buy rating to a hold rating in a research note on Tuesday, October 25th. Five equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and ten have issued a buy rating to the company. Deere & Co. presently has an average rating of Hold and an average price target of $90.24.

Deere & Co. (NYSE:DE) opened at 101.70 on Monday. The stock has a market capitalization of $31.98 billion, a P/E ratio of 20.38 and a beta of 0.71. Deere & Co. has a 12-month low of $70.16 and a 12-month high of $104.83. The firm’s 50-day moving average is $89.76 and its 200-day moving average is $84.31.

Deere & Co. (NYSE:DE) last announced its quarterly earnings results on Wednesday, November 23rd. The company reported $0.90 EPS for the quarter, topping analysts’ consensus estimates of $0.40 by $0.50. Deere & Co. had a return on equity of 21.54% and a net margin of 5.72%. The company earned $6.52 billion during the quarter. During the same period in the previous year, the business earned $1.08 EPS. The business’s revenue was down 4.8% compared to the same quarter last year. Analysts predict that Deere & Co. will post $4.32 EPS for the current fiscal year.

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

In related news, insider Max A. Guinn sold 36,402 shares of Deere & Co. stock in a transaction that occurred 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 of the company’s stock, valued at approximately $5,705,655.38. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider John C. May II sold 18,614 shares of Deere & Co. stock in a transaction that occurred 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 directly owns 28,926 shares in the company, valued at approximately $2,790,201.96. The disclosure for this sale can be found here. Insiders own 0.75% of the company’s stock.

A number of hedge funds have recently modified their holdings of DE. Washington Trust Bank increased its stake in shares of Deere & Co. by 59.0% in the second quarter. Washington Trust Bank now owns 1,240 shares of the company’s stock valued at $100,000 after buying an additional 460 shares during the period. Hartford Financial Management Inc. increased its stake in shares of Deere & Co. by 5.2% in the third quarter. Hartford Financial Management Inc. now owns 1,210 shares of the company’s stock valued at $103,000 after buying an additional 60 shares during the period. Jolley Asset Management LLC increased its stake in shares of Deere & Co. by 14.0% in the third quarter. Jolley Asset Management LLC now owns 1,225 shares of the company’s stock valued at $105,000 after buying an additional 150 shares during the period. CWM LLC increased its stake in shares of Deere & Co. by 94.6% in the third quarter. CWM LLC now owns 1,234 shares of the company’s stock valued at $105,000 after buying an additional 600 shares during the period. Finally, Cornerstone Advisors Inc. increased its stake in shares of Deere & Co. by 6.0% in the third quarter. Cornerstone Advisors Inc. now owns 1,268 shares of the company’s stock valued at $108,000 after buying an additional 72 shares during the period. 71.68% of the stock is currently owned by institutional investors.

About Deere & Co.

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