John Deere (NYSE:DE) has received an average recommendation of “Hold” from the twenty-five ratings firms that are presently covering the firm, Marketbeat.com reports. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating and fourteen have issued a buy rating on the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $175.25.
Several equities analysts have recently weighed in on DE shares. Wells Fargo restated an “outperform” rating and set a $200.00 price objective (up previously from $170.00) on shares of John Deere in a research report on Wednesday, January 10th. Piper Jaffray reaffirmed a “neutral” rating and set a $160.00 price objective (up from $142.00) on shares of John Deere in a research note on Thursday, February 15th. ValuEngine raised shares of John Deere from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Morgan Stanley started coverage on shares of John Deere in a research note on Friday, March 2nd. They set an “overweight” rating and a $195.00 price objective for the company. Finally, Barclays raised shares of John Deere from a “sector perform” rating to an “outperform” rating and set a $171.00 price objective for the company in a research note on Wednesday, January 10th.
In related news, VP Mary K.W. Jones sold 20,086 shares of the stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $172.25, for a total value of $3,459,813.50. Following the transaction, the vice president now owns 62,299 shares in the company, valued at $10,731,002.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Samuel R. Allen sold 269,353 shares of the stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of $163.83, for a total value of $44,128,101.99. Following the completion of the transaction, the chief executive officer now owns 361,166 shares in the company, valued at approximately $59,169,825.78. The disclosure for this sale can be found here. Insiders sold 336,847 shares of company stock valued at $55,471,496 over the last three months. 0.74% of the stock is owned by insiders.
Large investors have recently added to or reduced their stakes in the stock. LeJeune Puetz Investment Counsel LLC acquired a new position in John Deere in the fourth quarter worth approximately $101,000. Icon Wealth Partners LLC acquired a new position in John Deere in the fourth quarter worth approximately $110,000. Pin Oak Investment Advisors Inc. acquired a new position in John Deere in the fourth quarter worth approximately $122,000. Cerebellum GP LLC acquired a new position in John Deere in the fourth quarter worth approximately $132,000. Finally, TCI Wealth Advisors Inc. increased its holdings in John Deere by 107.3% in the fourth quarter. TCI Wealth Advisors Inc. now owns 885 shares of the industrial products company’s stock worth $139,000 after buying an additional 458 shares during the last quarter. Hedge funds and other institutional investors own 67.34% of the company’s stock.
Shares of NYSE:DE traded down $1.33 during trading hours on Monday, hitting $136.23. 1,198,575 shares of the company’s stock traded hands, compared to its average volume of 2,639,990. John Deere has a 52 week low of $109.79 and a 52 week high of $175.26. The company has a current ratio of 1.98, a quick ratio of 1.69 and a debt-to-equity ratio of 2.85. The firm has a market cap of $44,540.25, a price-to-earnings ratio of 20.31, a price-to-earnings-growth ratio of 2.55 and a beta of 0.80.
John Deere (NYSE:DE) last posted its quarterly earnings data on Friday, February 16th. The industrial products company reported $1.31 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.16 by $0.15. John Deere had a net margin of 4.57% and a return on equity of 27.18%. The company had revenue of $5.97 billion during the quarter, compared to analyst estimates of $6.41 billion. During the same quarter last year, the firm posted $0.61 EPS. The business’s revenue for the quarter was up 27.2% on a year-over-year basis. research analysts forecast that John Deere will post 9.51 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, May 1st. Stockholders of record on Thursday, March 29th will be given a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.76%. The ex-dividend date of this dividend is Wednesday, March 28th. John Deere’s dividend payout ratio (DPR) is 35.93%.
John Deere Company Profile
Deere & Company, together with its subsidiaries, manufactures and distributes agriculture and turf, and construction and forestry equipment worldwide. The company's Agriculture and Turf segment provides agriculture and turf equipment, and related service parts, including large, medium, and utility tractors; tractor loaders; combines, cotton pickers, cotton strippers, and sugarcane harvesters; related harvesting front-end equipment; sugarcane loaders and pull-behind scrapers; and tillage, seeding, and application equipment comprising sprayers, and nutrient management and soil preparation machinery.
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