Deere & Company (NYSE:DE) has been assigned an average recommendation of “Hold” from the twenty-two research firms that are presently covering the stock, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and eleven have issued a buy rating on the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $172.53.
Several research analysts have commented on the stock. UBS Group decreased their price target on shares of Deere & Company from $180.00 to $169.00 and set a “neutral” rating on the stock in a research note on Friday. Deutsche Bank reissued a “hold” rating and set a $169.00 price target (up from $155.00) on shares of Deere & Company in a research note on Wednesday, November 20th. JPMorgan Chase & Co. reissued a “sell” rating and set a $140.00 price target on shares of Deere & Company in a research note on Monday, November 25th. BMO Capital Markets lifted their price target on shares of Deere & Company from $175.00 to $180.00 and gave the stock an “outperform” rating in a research note on Monday. Finally, Bank of America downgraded shares of Deere & Company from a “neutral” rating to an “underperform” rating in a research note on Monday.
Shares of DE stock traded down $2.86 during trading hours on Wednesday, hitting $165.19. 2,018,941 shares of the company’s stock were exchanged, compared to its average volume of 1,876,331. The company has a market capitalization of $52.91 billion, a PE ratio of 16.62, a PEG ratio of 2.27 and a beta of 1.13. Deere & Company has a 12-month low of $132.68 and a 12-month high of $180.48. The business’s 50 day simple moving average is $174.06 and its 200-day simple moving average is $161.06. The company has a current ratio of 2.04, a quick ratio of 1.80 and a debt-to-equity ratio of 2.65.
In other Deere & Company news, Chairman Samuel R. Allen sold 114,253 shares of the business’s stock in a transaction on Monday, November 4th. The shares were sold at an average price of $178.30, for a total transaction of $20,371,309.90. Following the transaction, the chairman now directly owns 423,497 shares of the company’s stock, valued at approximately $75,509,515.10. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider James M. Field sold 12,637 shares of the business’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of $180.00, for a total transaction of $2,274,660.00. Following the transaction, the insider now directly owns 113,858 shares in the company, valued at $20,494,440. The disclosure for this sale can be found here. 0.71% of the stock is owned by insiders.
Institutional investors have recently modified their holdings of the business. Benjamin Edwards Inc. lifted its position in Deere & Company by 69.7% in the third quarter. Benjamin Edwards Inc. now owns 151 shares of the industrial products company’s stock worth $25,000 after buying an additional 62 shares during the last quarter. Atwater Malick LLC purchased a new position in Deere & Company during the third quarter worth $27,000. SRS Capital Advisors Inc. purchased a new position in Deere & Company during the second quarter worth $28,000. Orrstown Financial Services Inc. increased its position in Deere & Company by 116.0% during the second quarter. Orrstown Financial Services Inc. now owns 216 shares of the industrial products company’s stock worth $36,000 after buying an additional 116 shares in the last quarter. Finally, Nelson Roberts Investment Advisors LLC increased its position in Deere & Company by 34.8% during the second quarter. Nelson Roberts Investment Advisors LLC now owns 271 shares of the industrial products company’s stock worth $45,000 after buying an additional 70 shares in the last quarter. 66.65% of the stock is currently owned by institutional investors and hedge funds.
Deere & Company Company Profile
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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