Deere & Company (NYSE:DE)‘s stock had its “buy” rating reissued by equities researchers at BMO Capital Markets in a note issued to investors on Thursday. They currently have a $150.00 target price on the industrial products company’s stock. BMO Capital Markets’ price objective would suggest a potential upside of 12.88% from the stock’s current price.

Several other equities analysts also recently commented on the stock. Robert W. Baird restated a “hold” rating and issued a $140.00 price target on shares of Deere & in a research note on Thursday, October 12th. Deutsche Bank AG restated a “hold” rating and issued a $129.00 price target (down previously from $135.00) on shares of Deere & in a research note on Monday, October 9th. ValuEngine upgraded shares of Deere & from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. BidaskClub downgraded shares of Deere & from a “hold” rating to a “sell” rating in a research note on Saturday, August 26th. Finally, Piper Jaffray Companies set a $119.00 price target on shares of Deere & and gave the stock a “hold” rating in a research note on Friday, August 25th. Three analysts have rated the stock with a sell rating, fifteen have issued a hold rating and nine have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $127.97.

Deere & (NYSE:DE) last posted its quarterly earnings results on Friday, August 18th. The industrial products company reported $1.97 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.93 by $0.04. The business had revenue of $6.83 billion during the quarter, compared to the consensus estimate of $6.92 billion. Deere & had a net margin of 6.81% and a return on equity of 25.96%. The company’s quarterly revenue was up 16.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.55 earnings per share.

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In other news, insider Jean H. Gilles sold 12,361 shares of the company’s stock in a transaction dated Friday, August 4th. The shares were sold at an average price of $129.90, for a total value of $1,605,693.90. Following the completion of the sale, the insider now directly owns 74,981 shares of the company’s stock, valued at $9,740,031.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Max A. Guinn sold 7,174 shares of the company’s stock in a transaction dated Friday, October 27th. The shares were sold at an average price of $132.98, for a total transaction of $953,998.52. Following the completion of the sale, the insider now directly owns 49,562 shares of the company’s stock, valued at $6,590,754.76. The disclosure for this sale can be found here. Insiders sold 141,823 shares of company stock valued at $17,575,497 over the last ninety days. Corporate insiders own 0.85% of the company’s stock.

Several large investors have recently made changes to their positions in the company. Vanguard Group Inc. raised its holdings in shares of Deere & by 5.6% in the second quarter. Vanguard Group Inc. now owns 21,593,762 shares of the industrial products company’s stock valued at $2,668,774,000 after buying an additional 1,153,484 shares during the last quarter. BlackRock Inc. raised its holdings in shares of Deere & by 2.5% in the second quarter. BlackRock Inc. now owns 17,125,313 shares of the industrial products company’s stock valued at $2,116,517,000 after buying an additional 409,861 shares during the last quarter. State Street Corp raised its holdings in shares of Deere & by 0.4% in the first quarter. State Street Corp now owns 12,267,999 shares of the industrial products company’s stock valued at $1,335,500,000 after buying an additional 45,695 shares during the last quarter. Capital International Investors raised its holdings in shares of Deere & by 14.4% in the second quarter. Capital International Investors now owns 6,506,943 shares of the industrial products company’s stock valued at $804,193,000 after buying an additional 820,991 shares during the last quarter. Finally, Loomis Sayles & Co. L P raised its holdings in shares of Deere & by 0.5% in the first quarter. Loomis Sayles & Co. L P now owns 5,860,666 shares of the industrial products company’s stock valued at $637,992,000 after buying an additional 26,303 shares during the last quarter. 65.95% of the stock is owned by institutional investors and hedge funds.

About Deere &

Deere & Company is engaged in equipment operations. The Company is engaged in providing financial services. The Company operates through three business segments: agriculture and turf, construction and forestry, and financial services. The agriculture and turf segment manufactures and distributes a line of agriculture and turf equipment and related service parts.

Analyst Recommendations for Deere & (NYSE:DE)

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