Shares of Deere & Company (NYSE:DE – Get Rating) have been assigned an average rating of “Moderate Buy” from the twenty ratings firms that are currently covering the stock, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $453.89.
DE has been the topic of a number of research reports. Wells Fargo & Company boosted their price objective on shares of Deere & Company from $423.00 to $485.00 and gave the stock an “overweight” rating in a research report on Friday, November 25th. Credit Suisse Group boosted their price objective on shares of Deere & Company from $447.00 to $582.00 and gave the stock an “outperform” rating in a research report on Friday, November 25th. Citigroup boosted their target price on shares of Deere & Company from $340.00 to $425.00 and gave the stock a “buy” rating in a report on Tuesday, August 23rd. Robert W. Baird boosted their target price on shares of Deere & Company from $406.00 to $470.00 in a report on Wednesday, November 23rd. Finally, Morgan Stanley boosted their target price on shares of Deere & Company from $424.00 to $522.00 and gave the stock an “overweight” rating in a report on Friday, November 25th.
Insider Buying and Selling
In related news, CAO Marc A. Howze sold 4,019 shares of the stock in a transaction on Friday, September 9th. The stock was sold at an average price of $373.22, for a total value of $1,499,971.18. Following the transaction, the chief accounting officer now directly owns 17,321 shares in the company, valued at approximately $6,464,543.62. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other Deere & Company news, Chairman Marc A. Howze sold 10,910 shares of the firm’s stock in a transaction on Tuesday, November 29th. The stock was sold at an average price of $442.79, for a total transaction of $4,830,838.90. Following the transaction, the chairman now directly owns 17,321 shares in the company, valued at approximately $7,669,565.59. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Marc A. Howze sold 4,019 shares of the firm’s stock in a transaction on Friday, September 9th. The shares were sold at an average price of $373.22, for a total value of $1,499,971.18. Following the transaction, the chief accounting officer now owns 17,321 shares in the company, valued at $6,464,543.62. The disclosure for this sale can be found here. Insiders have sold a total of 24,929 shares of company stock worth $10,347,115 in the last ninety days. Corporate insiders own 0.24% of the company’s stock.
Institutional Investors Weigh In On Deere & Company
A number of hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. raised its stake in shares of Deere & Company by 1.0% during the 3rd quarter. Vanguard Group Inc. now owns 22,093,821 shares of the industrial products company’s stock worth $7,376,906,000 after purchasing an additional 208,053 shares during the period. BlackRock Inc. increased its holdings in Deere & Company by 4.0% in the 1st quarter. BlackRock Inc. now owns 18,243,075 shares of the industrial products company’s stock worth $7,579,271,000 after acquiring an additional 706,609 shares during the last quarter. Wellington Management Group LLP increased its holdings in Deere & Company by 3.9% in the 1st quarter. Wellington Management Group LLP now owns 6,344,147 shares of the industrial products company’s stock worth $2,635,740,000 after acquiring an additional 235,686 shares during the last quarter. FMR LLC increased its holdings in Deere & Company by 4.9% in the 2nd quarter. FMR LLC now owns 5,108,362 shares of the industrial products company’s stock worth $1,529,801,000 after acquiring an additional 240,210 shares during the last quarter. Finally, Parnassus Investments LLC increased its holdings in Deere & Company by 2.2% in the 2nd quarter. Parnassus Investments LLC now owns 3,686,964 shares of the industrial products company’s stock worth $1,104,135,000 after acquiring an additional 80,329 shares during the last quarter. 75.34% of the stock is currently owned by institutional investors.
Deere & Company Stock Performance
Shares of DE opened at $441.00 on Thursday. The company has a debt-to-equity ratio of 1.66, a quick ratio of 1.72 and a current ratio of 1.98. Deere & Company has a twelve month low of $283.81 and a twelve month high of $448.40. The firm’s 50 day moving average price is $383.22 and its two-hundred day moving average price is $355.93. The firm has a market cap of $133.10 billion, a P/E ratio of 18.90, a PEG ratio of 1.34 and a beta of 1.09.
About Deere & Company
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Deere & Co engages in the manufacture and distribution of equipment used in agriculture, construction, forestry and turf care. It operates through the following segments: Agriculture and Turf, Construction and Forestry and Financial Services. The Agriculture and Turf segment focuses on the distribution and manufacture of a full line of agriculture and turf equipment and related service parts.
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