Deere & Company (NYSE:DE) Price Target Raised to $345.00 at Robert W. Baird


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Deere & Company (NYSE:DE) had its target price upped by research analysts at Robert W. Baird from $300.00 to $345.00 in a note issued to investors on Tuesday, The Fly reports. The firm currently has an “outperform” rating on the industrial products company’s stock. Robert W. Baird’s target price would indicate a potential upside of 14.53% from the stock’s current price.

A number of other analysts have also recently weighed in on DE. Citigroup raised their price objective on Deere & Company from $215.00 to $250.00 and gave the stock a “neutral” rating in a research report on Monday, October 12th. Wells Fargo & Company raised their price objective on Deere & Company from $220.00 to $230.00 and gave the stock an “equal weight” rating in a research report on Tuesday, September 15th. Barclays raised their price objective on Deere & Company from $250.00 to $263.00 and gave the stock an “overweight” rating in a research report on Monday, December 21st. Morgan Stanley raised their price objective on Deere & Company from $335.00 to $341.00 and gave the stock an “overweight” rating in a research report on Tuesday, December 15th. Finally, Jefferies Financial Group raised their price objective on Deere & Company from $300.00 to $320.00 in a research report on Tuesday, December 8th. Five research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the company. Deere & Company presently has an average rating of “Buy” and an average target price of $265.58.

Shares of NYSE DE opened at $301.22 on Tuesday. The company has a current ratio of 2.24, a quick ratio of 2.03 and a debt-to-equity ratio of 2.53. The stock has a market capitalization of $94.71 billion, a PE ratio of 34.62, a price-to-earnings-growth ratio of 1.30 and a beta of 0.97. The stock’s fifty day simple moving average is $267.65 and its two-hundred day simple moving average is $223.93. Deere & Company has a 12-month low of $106.14 and a 12-month high of $304.00.

Deere & Company (NYSE:DE) last announced its earnings results on Tuesday, November 24th. The industrial products company reported $2.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.44 by $0.95. Deere & Company had a return on equity of 22.17% and a net margin of 7.74%. On average, equities analysts predict that Deere & Company will post 12.85 earnings per share for the current fiscal year.

In other Deere & Company news, SVP Mary K.W. Jones sold 27,800 shares of Deere & Company stock in a transaction dated Wednesday, November 25th. The stock was sold at an average price of $257.43, for a total transaction of $7,156,554.00. Following the completion of the transaction, the senior vice president now owns 87,055 shares in the company, valued at approximately $22,410,568.65. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Rajesh Kalathur sold 44,169 shares of Deere & Company stock in a transaction dated Wednesday, December 2nd. The shares were sold at an average price of $257.43, for a total value of $11,370,425.67. Following the completion of the transaction, the insider now owns 75,454 shares of the company’s stock, valued at approximately $19,424,123.22. The disclosure for this sale can be found here. Insiders have sold a total of 121,468 shares of company stock valued at $31,836,175 in the last quarter. Company insiders own 0.70% of the company’s stock.

Several institutional investors have recently made changes to their positions in the stock. United Bank acquired a new stake in Deere & Company in the 2nd quarter worth about $607,000. Principal Financial Group Inc. boosted its holdings in Deere & Company by 16.7% in the 2nd quarter. Principal Financial Group Inc. now owns 1,830,851 shares of the industrial products company’s stock worth $287,718,000 after buying an additional 261,768 shares during the last quarter. PNC Financial Services Group Inc. boosted its holdings in Deere & Company by 0.6% in the 2nd quarter. PNC Financial Services Group Inc. now owns 231,527 shares of the industrial products company’s stock worth $36,385,000 after buying an additional 1,493 shares during the last quarter. Federated Hermes Inc. boosted its holdings in Deere & Company by 11.1% in the 2nd quarter. Federated Hermes Inc. now owns 3,652 shares of the industrial products company’s stock worth $574,000 after buying an additional 366 shares during the last quarter. Finally, Cubist Systematic Strategies LLC boosted its holdings in Deere & Company by 30.5% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 19,508 shares of the industrial products company’s stock worth $3,066,000 after buying an additional 4,554 shares during the last quarter. Hedge funds and other institutional investors own 55.09% of the company’s stock.

Deere & Company Company Profile

Deere & Company, together with its subsidiaries, 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 provides various agriculture and turf equipment, and related service 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; tillage, seeding, and application equipment comprising sprayers, nutrient management, and soil preparation machinery; self-propelled forage harvesters and attachments, balers, and mowers; riding lawn equipment, golf course equipment, utility vehicles, and commercial mowing equipment along with associated implements; integrated agricultural solutions and precision technologies; and other outdoor power products.

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Analyst Recommendations for Deere & Company (NYSE:DE)

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