Deere & Co (NYSE:DE) Institutional Investors Sentiment Index Dropped in Q2 2019

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Sentiment for Deere & Co (NYSE:DE)

Deere & Co (NYSE:DE) institutional sentiment decreased to 0.8 in 2019 Q2. Its down -0.13, from 0.93 in 2019Q1. The ratio has worsened, as 316 active investment managers increased or opened new equity positions, while 396 sold and decreased their positions in Deere & Co. The active investment managers in our partner’s database now own: 206.93 million shares, down from 210.20 million shares in 2019Q1. Also, the number of active investment managers holding Deere & Co in their top 10 equity positions decreased from 20 to 18 for a decrease of 2. Sold All: 60 Reduced: 336 Increased: 216 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 $52.09 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 16.07 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 increased 1.32% or $2.16 during the last trading session, reaching $165.42. About 1.67M shares traded. Deere & Company (NYSE:DE) has risen 19.86% since September 13, 2018 and is uptrending. It has outperformed by 19.86% the S&P500.

Analysts await Deere & Company (NYSE:DE) to report earnings on November, 20. They expect $2.16 earnings per share, down 6.09 % or $0.14 from last year’s $2.3 per share. DE’s profit will be $680.12 million for 19.15 P/E if the $2.16 EPS becomes a reality. After $2.71 actual earnings per share reported by Deere & Company for the previous quarter, Wall Street now forecasts -20.30 % negative EPS growth.

Fourpoints Investment Managers S.A.S. holds 9.76% of its portfolio in Deere & Company for 19,450 shares. Firefly Value Partners Lp owns 481,935 shares or 9.38% of their US portfolio. Moreover, Marshfield Associates has 7.14% invested in the company for 672,650 shares. The California-based Harvest Capital Strategies Llc has invested 6.91% in the stock. Price Capital Management Inc., a Louisiana-based fund reported 15,088 shares.

Deere & Company (NYSE:DE) Ratings Coverage

Ratings analysis reveals 64% of Deere & Co’s analysts are positive. Out of 14 Wall Street analysts rating Deere & Co, 9 give it “Buy”, 1 “Sell” rating, while 4 recommend “Hold”. The lowest target is $13200 while the high is $19700. The stock’s average target of $169.79 is 2.64% above today’s ($165.42) share price. DE was included in 26 notes of analysts from March 15, 2019. Morgan Stanley maintained Deere & Company (NYSE:DE) rating on Monday, May 20. Morgan Stanley has “Overweight” rating and $15800 target. The firm earned “Hold” rating on Monday, May 20 by Deutsche Bank. The stock of Deere & Company (NYSE:DE) has “Outperform” rating given on Monday, August 19 by Credit Suisse. The stock of Deere & Company (NYSE:DE) has “Outperform” rating given on Monday, July 1 by Wells Fargo. Deutsche Bank maintained the stock with “Hold” rating in Wednesday, August 14 report. As per Wednesday, July 10, the company rating was downgraded by UBS. Stifel Nicolaus maintained the shares of DE in report on Monday, May 20 with “Buy” rating. Robert W. Baird downgraded Deere & Company (NYSE:DE) rating on Monday, May 13. Robert W. Baird has “Neutral” rating and $15000 target. The stock of Deere & Company (NYSE:DE) has “Outperform” rating given on Monday, May 20 by RBC Capital Markets. On Monday, May 20 the stock rating was maintained by Barclays Capital with “Overweight”.

More notable recent Deere & Company (NYSE:DE) news were published by: Finance.Yahoo.com which released: “What We Think Of Deere & Company’s (NYSE:DE) Investment Potential – Yahoo Finance” on May 30, 2019, also Finance.Yahoo.com with their article: “Deere & Company (NYSE:DE): Poised For Long Term Success? – Yahoo Finance” published on August 18, 2019, Seekingalpha.com published: “Deere EPS misses by $0.13, beats on revenue – Seeking Alpha” on August 16, 2019. More interesting news about Deere & Company (NYSE:DE) were released by: Seekingalpha.com and their article: “Pioneer Energy de-listed by NYSE, to start trading on OTCQX – Seeking Alpha” published on August 14, 2019 as well as Finance.Yahoo.com‘s news article titled: “Should Deere & Company (NYSE:DE) Be Part Of Your Dividend Portfolio? – Yahoo Finance” with publication date: July 08, 2019.

Deere & Company (NYSE:DE) Institutional Positions Chart

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