Deere & Co. (NYSE:DE) – Stock analysts at Jefferies Group issued their Q1 2017 earnings per share (EPS) estimates for Deere & Co. in a research report issued on Monday. Jefferies Group analyst S. Volkmann forecasts that the firm will earn $0.55 per share for the quarter. Jefferies Group has a “Hold” rating and a $95.00 price objective on the stock. Jefferies Group also issued estimates for Deere & Co.’s Q2 2017 earnings at $1.60 EPS, Q3 2017 earnings at $1.20 EPS, Q4 2017 earnings at $1.05 EPS and FY2019 earnings at $6.00 EPS.

Deere & Co. (NYSE:DE) last posted its quarterly earnings data on Wednesday, November 23rd. The company reported $0.90 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.40 by $0.50. The company earned $6.52 billion during the quarter. Deere & Co. had a net margin of 5.72% and a return on equity of 21.54%. The business’s revenue was down 4.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.08 earnings per share.

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Earnings History and Estimates for Deere & Co. (NYSE:DE)

A number of other brokerages have also issued reports on DE. Robert W. Baird upgraded shares of Deere & Co. from a “neutral” rating to an “outperform” rating and raised their target price for the stock from $86.00 to $100.00 in a research report on Monday, October 31st. Piper Jaffray Cos. raised their target price on shares of Deere & Co. from $67.00 to $70.00 and gave the stock an “underweight” rating in a research report on Monday, August 22nd. Mizuho lowered shares of Deere & Co. from a “buy” rating to a “neutral” rating in a research report on Wednesday, November 9th. Longbow Research upgraded shares of Deere & Co. from an “underperform” rating to a “neutral” rating in a research report on Friday. Finally, Zacks Investment Research lowered shares of Deere & Co. from a “buy” rating to a “hold” rating in a research report on Tuesday, October 25th. Five equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and ten have issued a buy rating to the company. Deere & Co. presently has an average rating of “Hold” and a consensus target price of $90.24.

Deere & Co. (NYSE:DE) traded down 1.2197% during trading on Tuesday, reaching $100.4596. 3,935,214 shares of the company’s stock were exchanged. The firm has a market capitalization of $31.62 billion, a price-to-earnings ratio of 20.8856 and a beta of 0.71. Deere & Co. has a 52 week low of $70.16 and a 52 week high of $104.83. The stock has a 50-day moving average price of $89.76 and a 200 day moving average price of $84.31.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, November 1st. Shareholders of record on Friday, September 30th were issued a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 2.36%. The ex-dividend date of this dividend was Wednesday, September 28th. Deere & Co.’s dividend payout ratio (DPR) is 49.90%.

In other news, insider Max A. Guinn sold 36,402 shares of the business’s stock in a transaction dated Friday, November 25th. The stock was sold at an average price of $102.94, for a total transaction of $3,747,221.88. Following the completion of the sale, the insider now owns 55,427 shares in the company, valued at approximately $5,705,655.38. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider John C. May II sold 18,614 shares of the business’s stock in a transaction dated Wednesday, November 23rd. The stock was sold at an average price of $96.46, for a total value of $1,795,506.44. Following the sale, the insider now owns 28,926 shares of the company’s stock, valued at approximately $2,790,201.96. The disclosure for this sale can be found here. 0.75% of the stock is owned by company insiders.

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Hedge funds have recently modified their holdings of the company. FMR LLC boosted its stake in shares of Deere & Co. by 37.2% in the second quarter. FMR LLC now owns 9,139,259 shares of the company’s stock worth $740,647,000 after buying an additional 2,477,175 shares during the last quarter. First Eagle Investment Management LLC boosted its stake in shares of Deere & Co. by 20.4% in the third quarter. First Eagle Investment Management LLC now owns 6,325,129 shares of the company’s stock worth $539,850,000 after buying an additional 1,072,390 shares during the last quarter. Los Angeles Capital Management & Equity Research Inc. boosted its stake in shares of Deere & Co. by 1,983.4% in the third quarter. Los Angeles Capital Management & Equity Research Inc. now owns 1,005,965 shares of the company’s stock worth $85,859,000 after buying an additional 957,680 shares during the last quarter. Generation Investment Management LLP boosted its stake in shares of Deere & Co. by 12.8% in the third quarter. Generation Investment Management LLP now owns 6,838,253 shares of the company’s stock worth $583,645,000 after buying an additional 775,827 shares during the last quarter. Finally, Mackenzie Financial Corp boosted its stake in shares of Deere & Co. by 5,429.8% in the second quarter. Mackenzie Financial Corp now owns 764,161 shares of the company’s stock worth $61,928,000 after buying an additional 750,342 shares during the last quarter. Institutional investors and hedge funds own 71.68% of the company’s stock.

About Deere & Co.

Deere & Company is engaged in equipment operations and financial services. The Company operates through three business segments: agriculture and turf, construction and forestry, and financial services. The Company’s agriculture and turf segment primarily manufactures and distributes a full line of agriculture and turf equipment and related service parts.

5 Day Chart for NYSE:DE

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