Deere & Co (NYSE:DE) Institutional Investors Sentiment Change

September 30, 2018 - By Matthew Richard

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Sentiment for Deere & Co (NYSE:DE)

Deere & Co (NYSE:DE) institutional sentiment increased to 0.97 in Q2 2018. Its up 0.10, from 0.87 in 2018Q1. The ratio has increased, as 380 funds increased and opened new holdings, while 390 decreased and sold their stock positions in Deere & Co. The funds in our partner’s database now hold: 207.23 million shares, down from 210.24 million shares in 2018Q1. Also, the number of funds holding Deere & Co in their top 10 holdings decreased from 21 to 15 for a decrease of 6. Sold All: 60 Reduced: 330 Increased: 280 New Position: 100.

Deere & Company, together with its subsidiaries, makes and distributes agriculture and turf, and construction and forestry equipment worldwide. The company has market cap of $48.36 billion. The companyÂ’s Agriculture and Turf segment provides agriculture and turf equipment, and related service parts, such as large, medium, and utility tractors; loaders; combines, cotton pickers, cotton strippers, and sugarcane harvesters; related front-end harvesting equipment; sugarcane loaders and pull-behind scrapers; and tillage, seeding, and application equipment, including sprayers, nutrient management, and soil preparation machinery. It has a 23.52 P/E ratio. This segment also offers 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, as well as associated implements; integrated agricultural management systems technology and solutions; and other outdoor power products.

The stock decreased 0.59% or $0.89 during the last trading session, reaching $150.33. About 1.74M shares traded. Deere & Company (NYSE:DE) has risen 26.03% since September 30, 2017 and is uptrending. It has outperformed by 10.41% the S&P500.

Analysts await Deere & Company (NYSE:DE) to report earnings on November, 28. They expect $2.43 EPS, up 54.78 % or $0.86 from last year’s $1.57 per share. DE’s profit will be $781.66M for 15.47 P/E if the $2.43 EPS becomes a reality. After $2.59 actual EPS reported by Deere & Company for the previous quarter, Wall Street now forecasts -6.18 % negative EPS growth.

Marshfield Associates holds 6.69% of its portfolio in Deere & Company for 719,785 shares. Weybosset Research & Management Llc owns 60,029 shares or 5.07% of their US portfolio. Moreover, Suvretta Capital Management Llc has 4.75% invested in the company for 1.28 million shares. The Alabama-based Birmingham Capital Management Co Inc Al has invested 4.25% in the stock. Selz Capital Llc, a New York-based fund reported 160,045 shares.

Deere & Company (NYSE:DE) Ratings Coverage

Ratings analysis reveals 91% of Deere’s analysts are positive. Out of 11 Wall Street analysts rating Deere, 10 give it “Buy”, 0 “Sell” rating, while 1 recommend “Hold”. The lowest target is $155 while the high is $221. The stock’s average target of $180.10 is 19.80% above today’s ($150.33) share price. DE was included in 13 notes of analysts from April 13, 2018. The rating was upgraded by Bank of America on Thursday, May 3 to “Buy”. On Friday, July 20 the stock rating was maintained by UBS with “Buy”. Morgan Stanley maintained Deere & Company (NYSE:DE) on Tuesday, June 5 with “Buy” rating. The stock of Deere & Company (NYSE:DE) has “Buy” rating given on Friday, April 13 by Robert W. Baird. The company was maintained on Wednesday, June 20 by Citigroup. As per Monday, August 20, the company rating was maintained by Wells Fargo. RBC Capital Markets maintained Deere & Company (NYSE:DE) on Tuesday, April 17 with “Buy” rating. Stifel Nicolaus maintained the shares of DE in report on Monday, August 20 with “Buy” rating. The stock of Deere & Company (NYSE:DE) has “Outperform” rating given on Monday, August 20 by Credit Suisse. On Wednesday, June 27 the stock rating was maintained by UBS with “Buy”.

Another recent and important Deere & Company (NYSE:DE) news was published by Benzinga.com which published an article titled: “First Session After Rate Hike Seems To Have Investors Mulling Fed Comments” on September 27, 2018.

Deere & Company (NYSE:DE) Institutional Positions Chart

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