Deere & Co. (NYSE:DE) had its price objective hoisted by Royal Bank Of Canada from $80.00 to $98.00 in a report issued on Friday morning. They currently have a sector perform rating on the stock.

Several other equities analysts also recently weighed in on the company. Wells Fargo & Co. upgraded Deere & Co. from a market perform rating to an outperform rating in a research report on Monday, October 10th. Clarkson Capital upgraded Deere & Co. from a neutral rating to a buy rating in a research report on Tuesday, October 18th. Barclays PLC increased their target price on Deere & Co. from $63.00 to $68.00 and gave the stock an underweight rating in a research report on Wednesday, October 12th. Argus increased their target price on Deere & Co. from $90.00 to $98.00 and gave the stock a buy rating in a research report on Tuesday, August 23rd. Finally, Jefferies Group reduced their target price on Deere & Co. from $90.00 to $85.00 and set a hold rating on the stock in a research report on Thursday, August 25th. Five equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and ten have assigned a buy rating to the stock. The stock presently has an average rating of Hold and an average target price of $90.24.

Analyst Recommendations for Deere & Co. (NYSE:DE)

Deere & Co. (NYSE:DE) opened at 100.35 on Friday. Deere & Co. has a 12-month low of $70.16 and a 12-month high of $104.83. The stock’s 50 day moving average price is $89.83 and its 200 day moving average price is $84.32. The stock has a market cap of $31.59 billion, a price-to-earnings ratio of 20.86 and a beta of 0.71.

Deere & Co. (NYSE:DE) last posted its quarterly earnings data on Wednesday, November 23rd. The company reported $0.90 EPS for the quarter, beating analysts’ consensus estimates of $0.40 by $0.50. The business had revenue of $6.52 billion for the quarter. Deere & Co. had a return on equity of 21.54% and a net margin of 5.72%. The firm’s revenue was down 4.8% on a year-over-year basis. During the same period in the previous year, the business earned $1.08 EPS. Analysts forecast that Deere & Co. will post $4.32 EPS for the current fiscal year.

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In other news, insider John C. May II sold 18,614 shares of Deere & Co. stock in a transaction that occurred on 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 completion of the transaction, the insider now owns 28,926 shares in the company, valued at approximately $2,790,201.96. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Max A. Guinn sold 36,402 shares of Deere & Co. stock in a transaction that occurred on Friday, November 25th. The stock was sold at an average price of $102.94, for a total value of $3,747,221.88. Following the completion of the transaction, the insider now owns 55,427 shares of the company’s stock, valued at approximately $5,705,655.38. The disclosure for this sale can be found here. 0.75% of the stock is owned by insiders.

Several hedge funds and other institutional investors have recently modified their holdings of DE. FMR LLC raised its position 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 valued at $740,647,000 after buying an additional 2,477,175 shares during the last quarter. First Eagle Investment Management LLC raised its position 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 valued at $539,850,000 after buying an additional 1,072,390 shares during the last quarter. Los Angeles Capital Management & Equity Research Inc. raised its position 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 valued at $85,859,000 after buying an additional 957,680 shares during the last quarter. Generation Investment Management LLP raised its position 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 valued at $583,645,000 after buying an additional 775,827 shares during the last quarter. Finally, Mackenzie Financial Corp raised its position 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 valued at $61,928,000 after buying an additional 750,342 shares during the last quarter. Institutional investors 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.

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