Deere & Company (NYSE:DE) Given New $521.00 Price Target at Sanford C. Bernstein

Deere & Company (NYSE:DE) had its price target increased by Sanford C. Bernstein from $487.00 to $521.00 in a research report report published on Thursday morning,MarketScreener reports. Sanford C. Bernstein currently has a market perform rating on the industrial products company’s stock.

A number of other research analysts have also recently issued reports on DE. JPMorgan Chase & Co. decreased their price objective on shares of Deere & Company from $495.00 to $480.00 and set a “neutral” rating for the company in a report on Tuesday, October 14th. Zacks Research cut shares of Deere & Company from a “hold” rating to a “strong sell” rating in a research report on Monday, October 20th. Wells Fargo & Company began coverage on Deere & Company in a research note on Thursday. They set an “overweight” rating and a $543.00 price objective on the stock. Robert W. Baird lowered their price objective on shares of Deere & Company from $488.00 to $467.00 and set a “neutral” rating for the company in a research report on Monday, October 13th. Finally, Truist Financial lifted their target price on Deere & Company from $602.00 to $609.00 and gave the company a “buy” rating in a research report on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Deere & Company has a consensus rating of “Moderate Buy” and a consensus price target of $520.05.

Deere & Company Trading Up 0.5%

NYSE:DE traded up $2.35 during mid-day trading on Thursday, hitting $475.76. The company had a trading volume of 1,180,126 shares, compared to its average volume of 1,350,354. The company has a debt-to-equity ratio of 1.76, a quick ratio of 1.98 and a current ratio of 2.19. Deere & Company has a fifty-two week low of $390.00 and a fifty-two week high of $533.78. The firm has a market cap of $128.61 billion, a P/E ratio of 24.87, a P/E/G ratio of 3.05 and a beta of 1.04. The business’s fifty day moving average is $465.98 and its two-hundred day moving average is $490.57.

Deere & Company (NYSE:DE) last announced its quarterly earnings results on Thursday, August 14th. The industrial products company reported $4.75 EPS for the quarter, beating analysts’ consensus estimates of $4.62 by $0.13. The company had revenue of $10.36 billion during the quarter, compared to analysts’ expectations of $10.33 billion. Deere & Company had a return on equity of 21.97% and a net margin of 11.72%.Deere & Company’s revenue was down 9.0% on a year-over-year basis. During the same period in the prior year, the business posted $6.29 EPS. As a group, research analysts expect that Deere & Company will post 19.32 earnings per share for the current year.

Deere & Company Dividend Announcement

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Mid American Wealth Advisory Group Inc. acquired a new stake in Deere & Company in the second quarter valued at about $25,000. Howard Hughes Medical Institute bought a new position in shares of Deere & Company in the second quarter worth about $27,000. Activest Wealth Management boosted its stake in shares of Deere & Company by 2,750.0% in the 1st quarter. Activest Wealth Management now owns 57 shares of the industrial products company’s stock valued at $27,000 after purchasing an additional 55 shares in the last quarter. Wealth Watch Advisors INC acquired a new stake in shares of Deere & Company in the 3rd quarter valued at approximately $32,000. Finally, Marshall & Sullivan Inc. WA bought a new stake in shares of Deere & Company during the 2nd quarter valued at approximately $38,000. 68.58% of the stock is owned by institutional investors and hedge funds.

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.