Deere & Company (NYSE:DE) – William Blair issued their Q1 2020 EPS estimates for shares of Deere & Company in a research note issued on Wednesday, November 27th, Zacks Investment Research reports. William Blair analyst L. De. Maria expects that the industrial products company will earn $1.51 per share for the quarter. William Blair also issued estimates for Deere & Company’s Q4 2020 earnings at $2.91 EPS.
DE has been the topic of several other research reports. BMO Capital Markets upped their price target on Deere & Company from $175.00 to $180.00 and gave the company an “outperform” rating in a research note on Monday, December 2nd. DZ Bank cut Deere & Company from a “hold” rating to a “sell” rating and set a $148.00 price objective for the company. in a report on Friday, November 29th. Robert W. Baird set a $178.00 target price on shares of Deere & Company and gave the company a “buy” rating in a research report on Wednesday, October 9th. Citigroup reduced their target price on shares of Deere & Company from $200.00 to $195.00 and set a “buy” rating on the stock in a research note on Monday, December 2nd. Finally, Wells Fargo & Co reiterated a “market perform” rating and set a $177.00 price target (up previously from $170.00) on shares of Deere & Company in a research report on Friday, November 29th. Four investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and eleven have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $172.37.
Shares of NYSE DE traded up $0.30 during trading on Monday, reaching $174.80. The company had a trading volume of 518,055 shares, compared to its average volume of 1,994,491. Deere & Company has a 52 week low of $132.68 and a 52 week high of $180.48. The company has a debt-to-equity ratio of 2.65, a quick ratio of 1.80 and a current ratio of 2.04. The business’s 50 day moving average price is $172.57 and its 200-day moving average price is $164.83. The stock has a market cap of $54.67 billion, a PE ratio of 17.59, a PEG ratio of 4.12 and a beta of 1.13.
Deere & Company (NYSE:DE) last released its quarterly earnings results on Wednesday, November 27th. The industrial products company reported $2.14 earnings per share for the quarter, beating the Zacks’ consensus estimate of $2.13 by $0.01. The firm had revenue of $8.70 billion during the quarter, compared to analysts’ expectations of $8.41 billion. Deere & Company had a return on equity of 27.11% and a net margin of 8.29%. The business’s revenue was up 4.3% on a year-over-year basis. During the same period last year, the firm posted $2.30 EPS.
The business also recently announced a quarterly dividend, which will be paid on Monday, February 10th. Investors of record on Tuesday, December 31st will be paid a $0.76 dividend. This represents a $3.04 dividend on an annualized basis and a yield of 1.74%. The ex-dividend date is Monday, December 30th. Deere & Company’s payout ratio is presently 30.58%.
In related news, insider James M. Field sold 12,637 shares of the stock in a transaction on Monday, November 11th. The shares were sold at an average price of $180.00, for a total transaction of $2,274,660.00. Following the completion of the transaction, the insider now owns 113,858 shares in the company, valued at $20,494,440. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Rajesh Kalathur sold 12,151 shares of the firm’s stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $164.32, for a total transaction of $1,996,652.32. Following the completion of the transaction, the insider now directly owns 55,178 shares of the company’s stock, valued at approximately $9,066,848.96. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 152,228 shares of company stock valued at $26,934,906. Company insiders own 0.71% of the company’s stock.
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Nuveen Asset Management LLC grew its position in shares of Deere & Company by 20,513.8% in the 2nd quarter. Nuveen Asset Management LLC now owns 3,147,721 shares of the industrial products company’s stock valued at $521,609,000 after acquiring an additional 3,132,451 shares during the period. Parnassus Investments CA bought a new position in Deere & Company during the second quarter worth about $392,652,000. Rockefeller Capital Management L.P. grew its holdings in Deere & Company by 42,214.9% during the second quarter. Rockefeller Capital Management L.P. now owns 431,612 shares of the industrial products company’s stock worth $71,523,000 after purchasing an additional 430,592 shares during the period. Worldquant Millennium Advisors LLC bought a new position in Deere & Company during the third quarter worth about $41,590,000. Finally, Invesco Ltd. increased its position in Deere & Company by 12.1% during the second quarter. Invesco Ltd. now owns 1,923,679 shares of the industrial products company’s stock worth $318,773,000 after buying an additional 207,541 shares during the last quarter. 67.19% of the stock is owned by hedge funds and other institutional investors.
About Deere & Company
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.