Deere & Company (NYSE:DE) Given New $513.00 Price Target at Oppenheimer

by · The Cerbat Gem

Deere & Company (NYSE:DE – Free Report) had its price target upped by Oppenheimer from $510.00 to $513.00 in a research report report published on Tuesday,Benzinga reports. Oppenheimer currently has an outperform rating on the industrial products company’s stock.

A number of other research firms have also recently commented on DE. Truist Financial restated a “buy” rating and set a $546.00 target price (down previously from $550.00) on shares of Deere & Company in a research note on Friday, February 14th. UBS Group cut their price target on Deere & Company from $462.00 to $440.00 and set a “neutral” rating for the company in a report on Monday, April 7th. Citigroup decreased their price objective on Deere & Company from $480.00 to $450.00 and set a “neutral” rating on the stock in a report on Tuesday, April 8th. Argus set a $510.00 price target on shares of Deere & Company in a report on Friday, March 7th. Finally, Baird R W downgraded Deere & Company from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 3rd. One analyst has rated the stock with a sell rating, thirteen have issued a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, Deere & Company has an average rating of “Hold” and an average price target of $460.21.

Get Our Latest Report on DE

Deere & Company Trading Up 3.0 %

DE opened at $454.86 on Tuesday. Deere & Company has a 52 week low of $340.20 and a 52 week high of $515.05. The stock has a market cap of $123.45 billion, a PE ratio of 20.16, a PEG ratio of 2.14 and a beta of 1.00. The company has a quick ratio of 1.98, a current ratio of 2.22 and a debt-to-equity ratio of 1.94. The business has a 50 day moving average of $468.85 and a 200-day moving average of $445.27.

Deere & Company (NYSE:DE – Get Free Report) last issued its earnings results on Thursday, February 13th. The industrial products company reported $3.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.14 by $0.05. Deere & Company had a net margin of 12.94% and a return on equity of 27.31%. Equities research analysts predict that Deere & Company will post 19.32 earnings per share for the current fiscal year.

Deere & Company Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 8th. Shareholders of record on Monday, March 31st will be issued a dividend of $1.62 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $6.48 dividend on an annualized basis and a yield of 1.42%. Deere & Company’s payout ratio is currently 28.72%.

Insider Activity at Deere & Company

In other news, insider Rajesh Kalathur sold 24,580 shares of Deere & Company stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $500.61, for a total value of $12,304,993.80. Following the transaction, the insider now directly owns 74,878 shares of the company’s stock, valued at $37,484,675.58. The trade was a 24.71 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 0.29% of the company’s stock.

Institutional Investors Weigh In On Deere & Company

Several hedge funds have recently made changes to their positions in the business. SkyView Investment Advisors LLC lifted its stake in shares of Deere & Company by 6.6% in the 3rd quarter. SkyView Investment Advisors LLC now owns 1,098 shares of the industrial products company’s stock worth $458,000 after acquiring an additional 68 shares during the period. Pine Valley Investments Ltd Liability Co increased its holdings in Deere & Company by 13.9% in the third quarter. Pine Valley Investments Ltd Liability Co now owns 9,879 shares of the industrial products company’s stock valued at $4,131,000 after buying an additional 1,205 shares in the last quarter. Arvest Bank Trust Division acquired a new stake in shares of Deere & Company during the 3rd quarter valued at approximately $1,252,000. Wilmington Savings Fund Society FSB boosted its stake in shares of Deere & Company by 162.0% during the 3rd quarter. Wilmington Savings Fund Society FSB now owns 21,563 shares of the industrial products company’s stock worth $8,999,000 after acquiring an additional 13,334 shares in the last quarter. Finally, Tidal Investments LLC grew its holdings in Deere & Company by 56.3% in the third quarter. Tidal Investments LLC now owns 38,689 shares of the industrial products company’s stock valued at $16,146,000 after purchasing an additional 13,934 shares during the last quarter. Institutional investors and hedge funds own 68.58% of the company’s stock.

Deere & Company Company Profile

(Get Free Report)

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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