Today The Deere & Company (DE) Given “Hold” Rating at Aegis

Today The Deere & Company (DE) Given “Hold” Rating at Aegis

Aegis restated their hold rating on shares of Deere & Company (NYSE:DE) in a report released on Thursday. The firm currently has a $110.00 target price on the stock.

Other research analysts have also issued research reports about the company. Wells Fargo & Company reiterated an outperform rating and issued a $121.50 target price (up previously from $101.50) on shares of Deere & Company in a research report on Monday, November 28th. Longbow Research upgraded Deere & Company from an underperform rating to a neutral rating in a research report on Friday, November 25th. TheStreet lowered Deere & Company from a buy rating to a hold rating in a research report on Monday, October 3rd. Clarkson Capital upgraded Deere & Company from a neutral rating to a buy rating in a research report on Tuesday, October 18th. Finally, Vertical Research upgraded Deere & Company from a sell rating to a hold rating in a research report on Friday, January 6th. Five equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating and eleven have given a buy rating to the company’s stock. The company presently has a consensus rating of Hold and a consensus price target of $94.73.

Deere & Company (NYSE:DE) opened at 107.67 on Thursday. The firm has a 50-day moving average price of $104.05 and a 200 day moving average price of $90.10. Deere & Company has a 52-week low of $72.86 and a 52-week high of $108.00. The stock has a market cap of $34.12 billion, a PE ratio of 22.38 and a beta of 0.78.

Deere & Company (NYSE:DE) last posted its quarterly earnings data on Wednesday, November 23rd. The company reported $0.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.40 by $0.50. Deere & Company had a return on equity of 21.97% and a net margin of 5.72%. The company had revenue of $6.52 billion for the quarter. During the same quarter in the prior year, the firm earned $1.08 earnings per share. Deere & Company’s revenue for the quarter was down 4.8% compared to the same quarter last year. Equities analysts anticipate that Deere & Company will post $4.50 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, February 1st. Investors of record on Friday, December 30th will be given a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 2.23%. The ex-dividend date of this dividend is Wednesday, December 28th. Deere & Company’s payout ratio is 49.90%.

In other Deere & Company news, insider James M. Field sold 49,964 shares of the business’s stock in a transaction dated Thursday, December 1st. The stock was sold at an average price of $101.67, for a total value of $5,079,839.88. Following the transaction, the insider now owns 96,855 shares in the company, valued at $9,847,247.85. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Max A. Guinn sold 36,402 shares of the business’s stock in a transaction dated Friday, November 25th. The shares were sold at an average price of $102.94, for a total value of $3,747,221.88. Following the completion of the transaction, the insider now owns 55,427 shares in the company, valued at approximately $5,705,655.38. The disclosure for this sale can be found here. Insiders have sold 104,980 shares of company stock worth $10,622,568 over the last three months. 0.75% of the stock is owned by insiders.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Hartford Financial Management Inc. increased its stake in Deere & Company 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 Deere & Company 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 Deere & Company 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. Cornerstone Advisors Inc. increased its stake in Deere & Company 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. Finally, Signaturefd LLC increased its stake in Deere & Company by 1.3% in the second quarter. Signaturefd LLC now owns 1,610 shares of the company’s stock valued at $130,000 after buying an additional 21 shares during the period. Hedge funds and other institutional investors own 72.03% of the company’s stock.

About Deere & Company

Deere & Company is engaged in equipment operations and financial services. The Company operates through three business segments: agriculture and turf, construction and forestry, and financial services. The Company’s agriculture and turf segment primarily manufactures and distributes a full line of agriculture and turf equipment and related service parts.

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