Deere is projecting its ag and turf equipment sales will increase 9 percent worldwide for fiscal 2018, with ag equipment sales in the US and Canada up 5 to 10 per cent for the year.
Other large investors have also bought and sold shares of the company. Over the last five trading sessions, the stock has moved 4.78%. Bartlett & Co. LLC lifted its holdings in shares of Deere & by 552.8% in the third quarter.
November 2 investment analysts at BMO Capital Markets left the stock rating at "Buy" with a current price target of $150.00.
A number of equities analysts have weighed in on DE shares. BidaskClub downgraded Deere & from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, July 25th.
October 9 investment analysts at Deutsche Bank AG maintained a company rating of "Hold" projecting a price of $129.00. Jefferies Group LLC reissued a "hold" rating and set a $125.00 price target on shares of Deere & in a research report on Wednesday, August 9th. Deere & presently has a consensus rating of "Hold" and a consensus target price of $130.83.
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Deere's shares leapt more than 4 percent to $145.00 shortly after midday, bringing its gain this year to about 41 percent. Volume was up 189.22% over the stocks average daily volume. The company has a debt-to-equity ratio of 2.76, a current ratio of 2.10 and a quick ratio of 1.90. The firm has a market cap of $43,991.97, a P/E ratio of 22.93, a PEG ratio of 2.46 and a beta of 0.73.
Deere & (NYSE:DE) last posted its quarterly earnings data on Wednesday, November 22nd.
The Moline, IL-based farming and construction equipment maker reported Q4 earnings per share (EPS) of $1.57, which was $0.13 better than the Wall Street consensus estimate of $1.44. $688,923 worth of Deere & Company (NYSE:DE) was sold by Reed Cory J on Thursday, May 25.
Demonstrating that US industrial companies are benefiting from a tailwind in overseas markets, Deere's sales outside North America jumped 30 percent in the fourth quarter ended October 29. During the same period in the prior year, the business posted $0.90 EPS. Stockholders of record on Friday, September 29th were paid a $0.60 dividend. The company was downgraded on Thursday, September 24 by TheStreet. This represents a $2.40 annualized dividend and a yield of 1.72%. Deere &'s dividend payout ratio is 40.20%. The shares were sold at an average price of $132.98, for a total transaction of $953,998.52. Blue Edge Capital, LLC owns 6,457 shares with a value of $810,935,000. The shares were sold on November 2nd for an average price of $134.89. These holdings make up 78.2% of the company's outstanding shares.
President, WW C&F, Lbr Rltns Max A. Guinn disclosed the sale of 8,551 shares. Insiders are a company's senior officers and directors, but can also be any group or person who owns over ten percent of that company's total voting shares. Hedge funds and other institutional investors own 67.05% of the company's stock.
Deere & Company is engaged in equipment operations. The Company is involved in providing financial services.