Could Deere & Company Change Direction After Today’s Bullish Options Activity?

 Could Deere & Company Change Direction After Today's Bullish Options Activity?

In today’s session Deere & Company (DE) registered an unusually high (6,476) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the January, 2017 call, expecting serious DE increase. With 6,476 contracts traded and 10594 open interest for the Jan, 17 contract, it seems this is a quite bullish bet. The option with symbol: DE170120C00105000 closed last at: $1.9 or 458.8% up. About 588,300 shares traded hands. Deere & Company (NYSE:DE) has risen 26.10% since April 25, 2016 and is uptrending. It has outperformed by 20.09% the S&P500.

Deere & Company (NYSE:DE) Ratings Coverage

Out of 20 analysts covering Deere & Company (NYSE:DE), 8 rate it a “Buy”, 5 “Sell”, while 7 “Hold”. This means 40% are positive. $105 is the highest target while $63 is the lowest. The $88.21 average target is -14.70% below today’s ($103.41) stock price. Deere & Company has been the topic of 54 analyst reports since July 27, 2015 according to StockzIntelligence Inc. Deutsche Bank maintained the stock with “Buy” rating in Wednesday, November 18 report. The company was upgraded on Tuesday, May 31 by UBS. The firm earned “Neutral” rating on Friday, November 25 by Longbow. The stock of Deere & Company (NYSE:DE) has “Market Perform” rating given on Monday, August 24 by BMO Capital Markets. Barclays Capital initiated Deere & Company (NYSE:DE) rating on Friday, September 25. Barclays Capital has “Underweight” rating and $68 price target. The rating was initiated by Societe Generale with “Hold” on Monday, November 16. The stock of Deere & Company (NYSE:DE) earned “Buy” rating by Citigroup on Monday, August 22. The rating was maintained by UBS with “Neutral” on Monday, August 22. UBS downgraded the stock to “Neutral” rating in Friday, July 29 report. The rating was maintained by UBS on Thursday, November 19 with “Sell”.

According to Zacks Investment Research, “Deere & Company is the one world’s foremost producers of agricultural equipment as well as a leading manufacturer of construction, forestry, and commercial and consumer equipment. The company, in addition, provides credit, special technology, and managed health-care products and services. (Company Press Release)”

Insitutional Activity: The institutional sentiment increased to 0.75 in 2016 Q2. Its up 0.01, from 0.74 in 2016Q1. The ratio is positive, as 72 funds sold all Deere & Company shares owned while 343 reduced positions. 62 funds bought stakes while 245 increased positions. They now own 219.87 million shares or 3.12% less from 226.95 million shares in 2016Q1.
Pacad Invest Limited has invested 0.25% of its portfolio in Deere & Company (NYSE:DE). Ledyard Bancorporation last reported 1,000 shares in the company. Mitsubishi Ufj And Corp has 0.1% invested in the company for 545,735 shares. Moreover, Delta Asset Tn has 0.02% invested in Deere & Company (NYSE:DE) for 1,770 shares. Investmentaktiengesellschaft Fuer Langfristige Investoren Tgv last reported 5.37% of its portfolio in the stock. Sandy Spring Comml Bank last reported 18,236 shares in the company. Wellington Shields Mngmt Limited Liability Corp has invested 0.1% of its portfolio in Deere & Company (NYSE:DE). Susquehanna Llp has invested 0% of its portfolio in Deere & Company (NYSE:DE). Invsts Asset Management Of Georgia Incorporated Ga Adv holds 0.21% or 3,297 shares in its portfolio. Chevy Chase Tru Incorporated holds 0.12% or 255,745 shares in its portfolio. Winslow Evans And Crocker Inc has 3,380 shares for 0% of their US portfolio. Deutsche State Bank Ag holds 0.07% or 1.20M shares in its portfolio. Boston Family Office Ltd Liability Corporation accumulated 3,100 shares or 0.03% of the stock. Silvercrest Asset Mngmt Grp Limited Liability accumulated 0.03% or 26,250 shares. Prentiss Smith And Company accumulated 6,311 shares or 0.29% of the stock.

Insider Transactions: Since August 12, 2016, the stock had 0 buys, and 2 selling transactions for $8.39 million net activity. 85,000 shares were sold by CASCADE INVESTMENT – L.L.C., worth $6.59 million. Shares for $1.80M were sold by May John C II on Tuesday, November 22.

Deere & Company is engaged in equipment activities and financial services. The company has a market cap of $33.07 billion. The Firm operates through three business divisions: agriculture and turf, construction and forestry, and financial services. It has a 13.14 P/E ratio. The Company’s agriculture and turf segment primarily makes and distributes a full line of agriculture and turf equipment and related service parts.

DE Company Profile

Deere & Company, incorporated on April 25, 1958, is engaged in equipment activities and financial services. The Firm operates through three business divisions: agriculture and turf, construction and forestry, and financial services. The Company’s agriculture and turf segment primarily makes and distributes a range of agriculture and turf equipment and related service parts, including large, medium and utility tractors; loaders; combines, corn pickers, cotton and sugarcane harvesters, and related front-end equipment and sugarcane loaders; tillage, seeding and application equipment, including sprayers, nutrient management and soil preparation machinery; hay and forage equipment, including self-propelled forage harvesters and attachments, balers and mowers; turf and utility equipment, including riding lawn equipment and walk-behind mowers, golf course equipment, utility vehicles and commercial mowing equipment, along with a line of associated implements, and integrated agricultural management systems.

More notable recent Deere & Company (NYSE:DE) news were published by: Wsj.com which released: “Deere & Co. Earnings: What to Watch” on November 22, 2016, also Fool.com with their article: “Why Deere & Co. Jumped 10% Today” published on November 23, 2016, Forbes.com published: “Donald Trump Rally Makes Deere, Caterpillar And Mining Stocks Great Again” on November 23, 2016. More interesting news about Deere & Company (NYSE:DE) were released by: Benzinga.com and their article: “Deere Hits All-Time Highs; Wells Fargo Thinks It Can Go Higher” published on November 25, 2016 as well as Nasdaq.com‘s news article titled: “Deere & Co. reports earnings November 23” with publication date: November 19, 2016.

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