News articles about Deere & (NYSE:DE) have trended somewhat positive on Wednesday, according to Accern Sentiment. Accern rates the sentiment of news coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Deere & earned a daily sentiment score of 0.15 on Accern’s scale. Accern also gave news coverage about the industrial products company an impact score of 45.2920963543726 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
These are some of the media stories that may have impacted Accern Sentiment’s scoring:
- Mahindra launches new small tractor ‘JIVO’ (auto.economictimes.indiatimes.com)
- Rice Leadership Development Program Accepting Applications for 2018 (agfax.com)
- Deere & Co Shares Up 49.5% Since SmarTrend’s Buy Recommendation (DE) (mysmartrend.com)
- Companies in the News: Deere facility celebrates 20 years; Davey eyes expansion; and more from Kioti, Green Pest Solutions (landscapemanagement.net)
- Deere & Company (NYSE:DE) Receives Hold Rating from Jefferies Group LLC (americanbankingnews.com)
Deere & (NYSE DE) traded up 0.30% on Wednesday, hitting $132.41. 1,394,165 shares of the stock were exchanged. The company has a 50-day moving average price of $125.86 and a 200 day moving average price of $115.48. Deere & has a 1-year low of $76.73 and a 1-year high of $132.50. The company has a market capitalization of $42.35 billion, a PE ratio of 23.84 and a beta of 0.67. Deere & also was the target of some unusual options trading activity on Monday. Stock investors bought 731 call options on the stock. This is an increase of approximately 255% compared to the average daily volume of 206 call options.
Deere & (NYSE:DE) last issued its quarterly earnings data on Friday, May 19th. The industrial products company reported $2.49 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.70 by $0.79. The business had revenue of $7.26 billion during the quarter, compared to the consensus estimate of $7.27 billion. Deere & had a net margin of 6.52% and a return on equity of 24.85%. The firm’s revenue was up 2.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.56 EPS. Analysts anticipate that Deere & will post $6.37 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, August 1st. Investors of record on Friday, June 30th were paid a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 1.81%. The ex-dividend date was Wednesday, June 28th. Deere &’s payout ratio is 43.24%.
Several equities research analysts recently weighed in on the stock. Credit Suisse Group set a $132.00 target price on shares of Deere & and gave the company a “buy” rating in a research note on Wednesday, April 12th. Barclays PLC reiterated a “sell” rating and issued a $82.00 target price (up previously from $80.00) on shares of Deere & in a research note on Tuesday, April 18th. BMO Capital Markets reiterated a “buy” rating and issued a $128.00 target price on shares of Deere & in a research note on Thursday, April 20th. J P Morgan Chase & Co upgraded shares of Deere & to an “underweight” rating and increased their target price for the company from $90.00 to $94.00 in a research note on Monday, May 1st. Finally, Stifel Nicolaus increased their target price on shares of Deere & from $126.00 to $135.00 and gave the company a “buy” rating in a research note on Monday, May 22nd. Three analysts have rated the stock with a sell rating, thirteen have issued a hold rating and thirteen have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $122.60.
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In related news, CEO Samuel R. Allen sold 62,704 shares of the stock in a transaction that occurred on Thursday, June 1st. The shares were sold at an average price of $125.00, for a total value of $7,838,000.00. Following the completion of the transaction, the chief executive officer now owns 333,492 shares of the company’s stock, valued at approximately $41,686,500. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, VP Marc A. Howze sold 6,624 shares of the stock in a transaction that occurred on Friday, May 19th. The shares were sold at an average price of $119.59, for a total transaction of $792,164.16. Following the completion of the transaction, the vice president now directly owns 9,004 shares of the company’s stock, valued at approximately $1,076,788.36. The disclosure for this sale can be found here. In the last three months, insiders sold 130,988 shares of company stock valued at $16,451,037. 0.75% of the stock is owned by insiders.
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.
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