Deere & Company (NYSE:DE) has earned a consensus recommendation of “Hold” from the twenty-three brokerages that are covering the stock, MarketBeat.com reports. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and twelve have assigned a buy rating to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $161.06.
DE has been the subject of a number of recent research reports. Credit Suisse Group dropped their price objective on shares of Deere & Company from $211.00 to $209.00 and set an “outperform” rating for the company in a research note on Tuesday, February 19th. Bank of America cut shares of Deere & Company from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $173.00 to $170.00 in a research note on Wednesday, February 13th. DZ Bank cut shares of Deere & Company from a “buy” rating to a “hold” rating in a research note on Tuesday, February 19th. Argus lifted their price target on shares of Deere & Company to $175.00 and gave the stock a “buy” rating in a research note on Wednesday, February 20th. Finally, UBS Group assumed coverage on shares of Deere & Company in a research note on Tuesday, April 23rd. They set a “neutral” rating and a $238.00 price target for the company.
A number of institutional investors have recently added to or reduced their stakes in the business. Destination Wealth Management raised its holdings in shares of Deere & Company by 20,500.0% in the 4th quarter. Destination Wealth Management now owns 206 shares of the industrial products company’s stock valued at $31,000 after purchasing an additional 205 shares in the last quarter. Private Ocean LLC raised its holdings in shares of Deere & Company by 560.0% in the 1st quarter. Private Ocean LLC now owns 198 shares of the industrial products company’s stock valued at $32,000 after purchasing an additional 168 shares in the last quarter. Ellis Investment Partners LLC bought a new stake in shares of Deere & Company in the 1st quarter valued at about $33,000. Oregon Public Employees Retirement Fund raised its holdings in shares of Deere & Company by 14,550.1% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 5,214,983 shares of the industrial products company’s stock valued at $35,000 after purchasing an additional 5,179,386 shares in the last quarter. Finally, Athena Capital Advisors LLC bought a new stake in shares of Deere & Company in the 4th quarter valued at about $36,000. 68.10% of the stock is owned by institutional investors.
Deere & Company (NYSE:DE) last issued its quarterly earnings data on Friday, May 17th. The industrial products company reported $3.52 EPS for the quarter, missing analysts’ consensus estimates of $3.57 by ($0.05). Deere & Company had a return on equity of 28.76% and a net margin of 8.52%. The business had revenue of $10.27 billion during the quarter, compared to analysts’ expectations of $10.19 billion. During the same period in the previous year, the business earned $3.14 earnings per share. The business’s quarterly revenue was up 5.4% on a year-over-year basis. On average, analysts expect that Deere & Company will post 10.27 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 1st. Shareholders of record on Friday, June 28th will be given a $0.76 dividend. The ex-dividend date is Thursday, June 27th. This represents a $3.04 annualized dividend and a yield of 2.04%. Deere & Company’s dividend payout ratio (DPR) is 32.37%.
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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