Headlines about Deere & Company (NYSE:DE) have been trending somewhat positive this week, according to Accern. The research firm identifies negative and positive media coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Deere & Company earned a news sentiment score of 0.21 on Accern’s scale. Accern also gave headlines about the industrial products company an impact score of 46.8544790597413 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
Here are some of the news headlines that may have effected Accern’s analysis:
- Short-Term Trade Secrets: Deere & Company (NYSE: DE) – Alpha Beta Stock (alphabetastock.com)
- Springfield girl sues father for backing over her with lawnmower – KEZI TV (kezi.com)
- The Incredible Ways John Deere Is Using Artificial Intelligence To Transform Farming (forbes.com)
- Deere & Company receives Presidential Volunteer Service Award (qconline.com)
- Deere & Company (DE) projected to achieve earnings growth of 38.80% for this year – Wallstreet Investorplace (wallstreetinvestorplace.com)
DE has been the topic of a number of recent research reports. ValuEngine raised Deere & Company from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. Credit Suisse Group reaffirmed a “buy” rating and issued a $162.00 target price on shares of Deere & Company in a research note on Thursday, November 23rd. Wells Fargo & Co reaffirmed a “buy” rating and issued a $170.00 target price on shares of Deere & Company in a research note on Thursday, November 23rd. Deutsche Bank raised Deere & Company from a “hold” rating to a “buy” rating and increased their price target for the stock from $149.00 to $167.00 in a research note on Thursday, November 23rd. Finally, Stifel Nicolaus increased their price target on Deere & Company to $161.00 and gave the stock a “buy” rating in a research note on Monday, November 27th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and fifteen have given a buy rating to the stock. Deere & Company has a consensus rating of “Buy” and a consensus price target of $172.07.
Deere & Company (NYSE:DE) last released its quarterly earnings data on Friday, February 16th. The industrial products company reported $1.31 EPS for the quarter, topping analysts’ consensus estimates of $1.16 by $0.15. The business had revenue of $5.97 billion during the quarter, compared to the consensus estimate of $6.41 billion. Deere & Company had a return on equity of 27.18% and a net margin of 4.57%. The business’s revenue for the quarter was up 27.2% on a year-over-year basis. During the same period in the prior year, the firm posted $0.61 EPS. equities analysts forecast that Deere & Company will post 9.53 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 1st. Stockholders of record on Thursday, March 29th will be issued a dividend of $0.60 per share. The ex-dividend date of this dividend is Wednesday, March 28th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.43%. Deere & Company’s payout ratio is 32.61%.
In other news, CEO Samuel R. Allen sold 269,353 shares of the company’s stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $163.83, for a total transaction of $44,128,101.99. Following the completion of the sale, the chief executive officer now directly owns 361,166 shares in the company, valued at approximately $59,169,825.78. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Jean H. Gilles sold 15,083 shares of the company’s stock in a transaction on Monday, February 26th. The stock was sold at an average price of $166.98, for a total value of $2,518,559.34. Following the sale, the insider now owns 69,089 shares of the company’s stock, valued at $11,536,481.22. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 407,648 shares of company stock valued at $66,930,829. Insiders own 0.74% of the company’s stock.
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About Deere & Company
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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