Deere & Company (NYSE:DE) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Deere & Company (NYSE:DE) from a sell rating to a hold rating in a research note released on Sunday.

A number of other equities research analysts have also issued reports on the stock. Jefferies Financial Group cut their price target on shares of Deere & Company from $510.00 to $440.00 and set a “hold” rating on the stock in a report on Wednesday, October 8th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Deere & Company in a research report on Tuesday, November 11th. DA Davidson cut their target price on shares of Deere & Company from $595.00 to $580.00 and set a “buy” rating on the stock in a research note on Monday, August 18th. JPMorgan Chase & Co. decreased their target price on Deere & Company from $495.00 to $480.00 and set a “neutral” rating for the company in a research report on Tuesday, October 14th. Finally, Royal Bank Of Canada started coverage on Deere & Company in a report on Wednesday, October 22nd. They set an “outperform” rating and a $542.00 price target on the stock. One investment analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $520.05.

Deere & Company Trading Down 0.4%

Shares of DE opened at $474.00 on Friday. The business’s 50-day moving average price is $465.91 and its 200 day moving average price is $490.99. The company has a current ratio of 2.19, a quick ratio of 1.98 and a debt-to-equity ratio of 1.76. The stock has a market capitalization of $128.13 billion, a P/E ratio of 24.78, a P/E/G ratio of 3.05 and a beta of 1.04. Deere & Company has a 1-year low of $397.75 and a 1-year high of $533.78.

Deere & Company Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, November 10th. Stockholders of record on Tuesday, September 30th were issued a dividend of $1.62 per share. This represents a $6.48 annualized dividend and a dividend yield of 1.4%. The ex-dividend date was Tuesday, September 30th. Deere & Company’s payout ratio is currently 33.87%.

Institutional Trading of Deere & Company

Institutional investors have recently bought and sold shares of the company. Silvant Capital Management LLC increased its position in Deere & Company by 13.5% in the 3rd quarter. Silvant Capital Management LLC now owns 5,025 shares of the industrial products company’s stock worth $2,299,000 after purchasing an additional 597 shares during the last quarter. Advisory Services Network LLC lifted its holdings in shares of Deere & Company by 6.7% during the 3rd quarter. Advisory Services Network LLC now owns 25,384 shares of the industrial products company’s stock valued at $11,608,000 after buying an additional 1,589 shares during the last quarter. San Luis Wealth Advisors LLC bought a new stake in shares of Deere & Company in the 3rd quarter valued at approximately $481,000. Financial Engines Advisors L.L.C. grew its stake in shares of Deere & Company by 4.1% in the 3rd quarter. Financial Engines Advisors L.L.C. now owns 2,013 shares of the industrial products company’s stock valued at $920,000 after buying an additional 79 shares in the last quarter. Finally, NewEdge Advisors LLC increased its holdings in Deere & Company by 9.0% in the third quarter. NewEdge Advisors LLC now owns 20,441 shares of the industrial products company’s stock worth $9,347,000 after buying an additional 1,683 shares during the last quarter. Institutional investors and hedge funds own 68.58% of the company’s stock.

About Deere & Company

Deere & Co engages in the manufacture and distribution of equipment used in agriculture, construction, forestry, and turf care. It operates through the following segments: Agriculture and Turf, Construction and Forestry, and Financial Services. The Agriculture and Turf segment focuses on the distribution and manufacture of a full line of agriculture and turf equipment and related service parts.