Deere & Company (NYSE:DE) Trading Up 0.3%

Shares of Deere & Company (NYSE:DE) traded up 0.3% during trading on Friday . The company traded as high as $402.98 and last traded at $402.00. 185,763 shares were traded during trading, a decline of 87% from the average session volume of 1,483,497 shares. The stock had previously closed at $400.60.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Deere & Company from $425.00 to $401.00 and set a “hold” rating on the stock in a research report on Friday, February 16th. Melius cut Deere & Company from a “buy” rating to a “hold” rating in a report on Monday, January 8th. Morgan Stanley began coverage on Deere & Company in a research note on Monday, January 8th. They issued an “overweight” rating and a $430.00 price target for the company. Melius Research reiterated a “hold” rating on shares of Deere & Company in a research note on Monday, January 8th. Finally, Stifel Nicolaus decreased their target price on shares of Deere & Company from $435.00 to $425.00 and set a “buy” rating on the stock in a research report on Friday, February 16th. Ten equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, Deere & Company presently has a consensus rating of “Hold” and an average target price of $433.28.

Deere & Company Stock Performance

The stock has a market cap of $111.39 billion, a price-to-earnings ratio of 11.71, a P/E/G ratio of 1.49 and a beta of 1.04. The company has a quick ratio of 1.81, a current ratio of 2.05 and a debt-to-equity ratio of 1.81. The company has a 50 day simple moving average of $385.47 and a 200 day simple moving average of $382.79.

Deere & Company (NYSE:DE) last released its quarterly earnings data on Thursday, February 15th. The industrial products company reported $6.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.19 by $1.04. Deere & Company had a net margin of 16.38% and a return on equity of 44.60%. The business had revenue of $10.49 billion during the quarter, compared to analysts’ expectations of $10.30 billion. During the same period in the prior year, the company earned $6.55 EPS. The firm’s quarterly revenue was down 8.0% compared to the same quarter last year. As a group, equities research analysts forecast that Deere & Company will post 27.39 EPS for the current year.

Deere & Company Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 8th. Shareholders of record on Friday, March 29th will be issued a $1.47 dividend. The ex-dividend date is Wednesday, March 27th. This represents a $5.88 dividend on an annualized basis and a yield of 1.47%. Deere & Company’s payout ratio is presently 17.12%.

Institutional Investors Weigh In On Deere & Company

A number of institutional investors have recently added to or reduced their stakes in DE. Briaud Financial Planning Inc acquired a new stake in shares of Deere & Company in the third quarter valued at about $25,000. Retirement Group LLC increased its position in Deere & Company by 264.7% during the 2nd quarter. Retirement Group LLC now owns 62 shares of the industrial products company’s stock valued at $25,000 after purchasing an additional 45 shares during the period. True Wealth Design LLC raised its holdings in Deere & Company by 1,180.0% during the 4th quarter. True Wealth Design LLC now owns 64 shares of the industrial products company’s stock worth $26,000 after purchasing an additional 59 shares during the last quarter. ZRC Wealth Management LLC acquired a new position in shares of Deere & Company in the 4th quarter worth approximately $28,000. Finally, Rakuten Securities Inc. bought a new stake in shares of Deere & Company in the 4th quarter valued at $28,000. 68.58% of the stock is owned by institutional investors.

Deere & Company Company Profile

Deere & Company engages in the manufacture and distribution of various equipment worldwide. The company operates through four segments: Production and Precision Agriculture, Small Agriculture and Turf, Construction and Forestry, and Financial Services. The Production and Precision Agriculture segment provides large and medium tractors, combines, cotton pickers and strippers, sugarcane harvesters and loaders, harvesting front-end equipment, pull-behind scrapers, and tillage and seeding equipment, as well as application equipment, including sprayers and nutrient management, and soil preparation machinery for grain growers.