The stock of Deere & Company (NYSE:DE) is a huge mover today! About 9.53 million shares traded hands or 276.68% up from the average. Deere & Company (NYSE:DE) has risen 11.12% since April 21, 2016 and is uptrending. It has outperformed by 5.79% the S&P500.
The move comes after 9 months positive chart setup for the $31.69 billion company. It was reported on Nov, 23 by Barchart.com. We have $110.22 PT which if reached, will make NYSE:DE worth $2.85B more.
Deere & Company (NYSE:DE) Ratings Coverage
Out of 19 analysts covering Deere & Company (NYSE:DE), 8 rate it a “Buy”, 5 “Sell”, while 6 “Hold”. This means 42% are positive. Deere & Company has been the topic of 52 analyst reports since July 27, 2015 according to StockzIntelligence Inc. Avondale initiated the shares of DE in a report on Thursday, October 15 with “Market Outperform” rating. The rating was initiated by Societe Generale with “Hold” on Monday, November 16. The company was maintained on Friday, September 25 by S&P Research. As per Monday, October 10, the company rating was upgraded by Wells Fargo. On Monday, August 22 the stock rating was maintained by Barclays Capital with “Underweight”. Morgan Stanley maintained Deere & Company (NYSE:DE) rating on Monday, August 24. Morgan Stanley has “Underweight” rating and $76 price target. Barclays Capital maintained the shares of DE in a report on Wednesday, October 12 with “Underweight” rating. The firm has “Neutral” rating by Goldman Sachs given on Monday, July 27. The rating was maintained by Deutsche Bank with “Buy” on Tuesday, August 25. The rating was upgraded by UBS to “Buy” on Tuesday, May 31.
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 increased, 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.
Moreover, Northeast Financial Consultants Incorporated has 0.37% invested in Deere & Company (NYSE:DE) for 10,242 shares. Kidder Stephen W holds 0.56% or 17,350 shares in its portfolio. Moreover, Mariner Wealth Advsrs Limited Liability Corporation has 0.01% invested in Deere & Company (NYSE:DE) for 3,007 shares. Federated Investors Inc Pa last reported 0% of its portfolio in the stock. Palladium Ltd Liability Co holds 0.17% or 23,295 shares in its portfolio. Jp Marvel Investment Ltd Liability Com has 31,523 shares for 0.9% of their US portfolio. Cidel Asset has 125,909 shares for 0.59% of their US portfolio. Carl Domino, a Florida-based fund reported 10,695 shares. Exchange owns 100 shares or 0% of their US portfolio. Lincoln Cap Limited Co accumulated 4,662 shares or 0.28% of the stock. Guardian Life Ins Of America last reported 0.01% of its portfolio in the stock. Zweig holds 202,570 shares or 1.68% of its portfolio. Umb National Bank & Trust N A Mo, a Missouri-based fund reported 28,534 shares. Synovus Finance, a Georgia-based fund reported 12,010 shares. Charter Trust Commerce accumulated 12,383 shares or 0.12% of the stock.
Insider Transactions: Since August 12, 2016, the stock had 0 insider purchases, and 1 sale for $6.59 million net activity. $6.59 million worth of shares were sold by CASCADE INVESTMENT – L.L.C. on Friday, August 12.
More important recent Deere & Company (NYSE:DE) news were published by: Wsj.com which released: “Deere & Co. Earnings: What to Watch” on November 22, 2016, also Forbes.com published article titled: “Donald Trump Rally Makes Deere, Caterpillar And Mining Stocks Great Again”, Nasdaq.com published: “The Best Options Trade for Deere & Co. (DE) Earnings” on November 21, 2016. More interesting news about Deere & Company (NYSE:DE) was released by: Nasdaq.com and their article: “Deere & Co. reports earnings November 23” with publication date: November 19, 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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