Deere & Company (NYSE:DE) Price Target Raised to $462.00 at UBS Group

Deere & Company (NYSE:DE) had its price objective raised by UBS Group from $404.00 to $462.00 in a research note released on Friday morning,Benzinga reports. UBS Group currently has a neutral rating on the industrial products company’s stock.

A number of other analysts have also recently weighed in on the company. Oppenheimer raised their price objective on Deere & Company from $448.00 to $477.00 and gave the stock an “outperform” rating in a research report on Friday. Evercore ISI lifted their price target on Deere & Company from $371.00 to $378.00 and gave the stock an “in-line” rating in a research report on Monday, August 19th. Barclays lifted their price target on Deere & Company from $400.00 to $475.00 and gave the stock an “overweight” rating in a research report on Friday. Deutsche Bank Aktiengesellschaft lowered their price target on Deere & Company from $402.00 to $389.00 and set a “hold” rating for the company in a research report on Thursday, August 8th. Finally, Hsbc Global Res cut Deere & Company from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 19th. Thirteen equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $433.00.

Deere & Company Trading Up 3.6 %

Shares of NYSE:DE opened at $462.81 on Friday. Deere & Company has a 12-month low of $340.20 and a 12-month high of $469.39. The business’s fifty day simple moving average is $408.35 and its 200-day simple moving average is $386.60. The company has a market capitalization of $126.62 billion, a PE ratio of 18.08, a P/E/G ratio of 1.75 and a beta of 0.93. The company has a current ratio of 2.09, a quick ratio of 1.90 and a debt-to-equity ratio of 1.89.

Deere & Company (NYSE:DE) last posted its quarterly earnings data on Thursday, November 21st. The industrial products company reported $4.55 earnings per share for the quarter, topping analysts’ consensus estimates of $3.90 by $0.65. The firm had revenue of $9.28 billion during the quarter, compared to analysts’ expectations of $9.20 billion. Deere & Company had a return on equity of 31.32% and a net margin of 13.73%. The business’s quarterly revenue was down 32.8% on a year-over-year basis. During the same quarter last year, the firm earned $8.26 EPS. As a group, equities research analysts predict that Deere & Company will post 21.31 earnings per share for the current fiscal year.

Deere & Company Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, November 8th. Shareholders of record on Monday, September 30th were issued a $1.47 dividend. This represents a $5.88 annualized dividend and a yield of 1.27%. The ex-dividend date was Monday, September 30th. Deere & Company’s payout ratio is currently 22.97%.

Institutional Trading of Deere & Company

Several institutional investors have recently made changes to their positions in the company. Fairscale Capital LLC purchased a new position in shares of Deere & Company in the second quarter valued at approximately $26,000. Pineridge Advisors LLC boosted its stake in shares of Deere & Company by 725.0% in the first quarter. Pineridge Advisors LLC now owns 66 shares of the industrial products company’s stock valued at $27,000 after purchasing an additional 58 shares during the period. Livelsberger Financial Advisory purchased a new position in shares of Deere & Company in the third quarter valued at approximately $32,000. Olistico Wealth LLC purchased a new position in shares of Deere & Company in the second quarter valued at approximately $37,000. Finally, Centennial Bank AR boosted its stake in shares of Deere & Company by 420.0% in the second quarter. Centennial Bank AR now owns 104 shares of the industrial products company’s stock valued at $39,000 after purchasing an additional 84 shares during the period. Hedge funds and other institutional investors own 68.58% of the company’s stock.

About Deere & Company

Deere & Company engages in the manufacture and distribution of various equipment worldwide. The company operates through four segments: Production and Precision Agriculture, Small Agriculture and Turf, Construction and Forestry, and Financial Services. The Production and Precision Agriculture segment provides large and medium tractors, combines, cotton pickers and strippers, sugarcane harvesters and loaders, harvesting front-end equipment, pull-behind scrapers, and tillage and seeding equipment, as well as application equipment, including sprayers and nutrient management, and soil preparation machinery for grain growers.