The Goldman Sachs Group Raises Deere & Company (NYSE:DE) Price Target to $462.00

Deere & Company (NYSE:DEGet Rating) had its price objective upped by The Goldman Sachs Group from $420.00 to $462.00 in a research report report published on Monday, MarketBeat.com reports. They currently have a buy rating on the industrial products company’s stock.

Several other analysts have also recently commented on the stock. BMO Capital Markets increased their price target on shares of Deere & Company from $375.00 to $450.00 and gave the company a market perform rating in a research note on Monday. Bank of America lifted their price target on Deere & Company from $444.00 to $478.00 in a research note on Friday, November 25th. JPMorgan Chase & Co. upped their target price on Deere & Company from $415.00 to $440.00 and gave the stock a neutral rating in a report on Friday, November 25th. Robert W. Baird boosted their target price on Deere & Company from $406.00 to $470.00 in a report on Wednesday, November 23rd. Finally, DA Davidson upped their price objective on Deere & Company from $445.00 to $520.00 in a report on Monday. Seven analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of Moderate Buy and a consensus target price of $458.11.

Deere & Company Price Performance

Shares of Deere & Company stock opened at $441.81 on Monday. The company has a current ratio of 1.98, a quick ratio of 1.72 and a debt-to-equity ratio of 1.66. The stock has a market capitalization of $133.35 billion, a price-to-earnings ratio of 19.01, a P/E/G ratio of 1.34 and a beta of 1.09. Deere & Company has a 1-year low of $283.81 and a 1-year high of $448.40. The firm’s 50-day moving average price is $385.04 and its two-hundred day moving average price is $356.53.

Insider Transactions at Deere & Company

In related news, CAO Marc A. Howze sold 4,019 shares of Deere & Company stock in a transaction that occurred on Friday, September 9th. The stock was sold at an average price of $373.22, for a total transaction of $1,499,971.18. Following the completion of the transaction, the chief accounting officer now directly owns 17,321 shares in the company, valued at $6,464,543.62. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Deere & Company news, insider Cory J. Reed sold 2,034 shares of Deere & Company stock in a transaction on Monday, October 31st. The stock was sold at an average price of $401.75, for a total value of $817,159.50. Following the sale, the insider now owns 30,946 shares in the company, valued at $12,432,555.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Marc A. Howze sold 4,019 shares of Deere & Company stock in a transaction on Friday, September 9th. The shares were sold at an average price of $373.22, for a total value of $1,499,971.18. Following the completion of the sale, the chief accounting officer now owns 17,321 shares in the company, valued at approximately $6,464,543.62. The disclosure for this sale can be found here. Insiders sold a total of 24,929 shares of company stock worth $10,347,115 over the last three months. 0.24% of the stock is currently owned by insiders.

Institutional Trading of Deere & Company

A number of large investors have recently made changes to their positions in the company. TCI Wealth Advisors Inc. grew its position in Deere & Company by 1.5% during the third quarter. TCI Wealth Advisors Inc. now owns 1,694 shares of the industrial products company’s stock valued at $566,000 after buying an additional 25 shares during the period. Pinnacle Associates Ltd. boosted its position in Deere & Company by 1.0% during the first quarter. Pinnacle Associates Ltd. now owns 2,728 shares of the industrial products company’s stock worth $1,133,000 after purchasing an additional 27 shares during the period. Cable Hill Partners LLC boosted its position in Deere & Company by 3.3% during the first quarter. Cable Hill Partners LLC now owns 843 shares of the industrial products company’s stock worth $350,000 after purchasing an additional 27 shares during the period. FSM Wealth Advisors LLC boosted its position in Deere & Company by 2.3% during the third quarter. FSM Wealth Advisors LLC now owns 1,290 shares of the industrial products company’s stock worth $431,000 after purchasing an additional 29 shares during the period. Finally, Arete Wealth Advisors LLC boosted its position in Deere & Company by 1.7% during the first quarter. Arete Wealth Advisors LLC now owns 1,820 shares of the industrial products company’s stock worth $756,000 after purchasing an additional 30 shares during the period. 75.34% of the stock is owned by institutional investors and hedge funds.

About Deere & Company

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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.

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Analyst Recommendations for Deere & Company (NYSE:DE)

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