The stock of Deere & Company (NYSE:DE) is a huge mover today! About 3.37 million shares traded hands. Deere & Company (NYSE:DE) has risen 19.39% since April 28, 2016 and is uptrending. It has outperformed by 13.46% the S&P500.
The move comes after 9 months positive chart setup for the $32.12 billion company. It was reported on Dec, 1 by Barchart.com. We have $107.43 PT which if reached, will make NYSE:DE worth $1.61B more.
Deere & Company (NYSE:DE) Ratings Coverage
Out of 21 analysts covering Deere & Company (NYSE:DE), 8 rate it a “Buy”, 4 “Sell”, while 9 “Hold”. This means 38% are positive. Deere & Company has been the topic of 56 analyst reports since July 27, 2015 according to StockzIntelligence Inc. UBS maintained it with “Sell” rating and $70 target price in Thursday, November 19 report. The firm has “Hold” rating given on Thursday, September 24 by TheStreet. UBS downgraded the shares of DE in a report on Friday, July 29 to “Neutral” rating. The stock of Deere & Company (NYSE:DE) has “Hold” rating given on Wednesday, September 7 by Deutsche Bank. The firm has “Outperform” rating by BMO Capital Markets given on Tuesday, May 24. The firm has “Buy” rating given on Friday, June 3 by Goldman Sachs. The rating was initiated by Societe Generale on Monday, November 16 with “Hold”. The rating was downgraded by Zacks to “Buy” on Monday, August 24. The stock of Deere & Company (NYSE:DE) earned “Outperform” rating by Robert W. Baird on Monday, October 31. Piper Jaffray maintained Deere & Company (NYSE:DE) on Monday, August 22 with “Underweight” rating.
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.
Glenmede Trust Co Na has 60,224 shares for 0.03% of their US portfolio. Cambridge Invest Research Advsrs Incorporated accumulated 0.05% or 31,316 shares. Blackrock Fund Advisors accumulated 0.06% or 3.39M shares. Boston Family Office Lc has 3,100 shares for 0.03% of their US portfolio. Gamco Inc Et Al accumulated 753,842 shares or 0.4% of the stock. Summit Fincl Wealth Limited Liability last reported 9,870 shares in the company. Norinchukin Bancorp The last reported 107,833 shares in the company. Moreover, Shell Asset Company has 0.21% invested in Deere & Company (NYSE:DE) for 109,654 shares. Barrington Strategic Wealth Mgmt Lc holds 0.23% of its portfolio in Deere & Company (NYSE:DE) for 4,917 shares. Northeast Inv Mngmt owns 11,690 shares or 0.1% of their US portfolio. 1832 Asset Mngmt Lp, a Ontario – Canada-based fund reported 860,511 shares. Haverford has invested 0.01% of its portfolio in Deere & Company (NYSE:DE). Hallmark Mngmt holds 6,433 shares or 0.08% of its portfolio. Brown Brothers Harriman And Com holds 0.07% of its portfolio in Deere & Company (NYSE:DE) for 177,378 shares. Butensky Cohen Fincl Security has 1.59% invested in the company for 20,090 shares.
Insider Transactions: Since August 12, 2016, the stock had 0 buys, and 3 sales for $12.13 million net activity. Shares for $1.80M were sold by May John C II. $6.59M worth of Deere & Company (NYSE:DE) was sold by CASCADE INVESTMENT – L.L.C.. $3.75M worth of shares were sold by Guinn Max A on Wednesday, November 23.
More notable recent Deere & Company (NYSE:DE) news were published by: Fool.com which released: “Deere & Company Stock Upgraded: What You Need to Know” on November 28, 2016, also Wsj.com with their article: “Deere & Co. Earnings: What to Watch” published on November 22, 2016, Fool.com published: “Why Deere & Co. Jumped 10% Today” on November 23, 2016. More interesting news about Deere & Company (NYSE:DE) were released by: Forbes.com and their article: “Donald Trump Rally Makes Deere, Caterpillar And Mining Stocks Great Again” published on November 23, 2016 as well as Benzinga.com‘s news article titled: “Deere In The Spotlight” with publication date: November 29, 2016.
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.
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