Deere & Company (NYSE:DE) insider Max A. Guinn sold 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 8th. The shares were sold at an average price of $130.89, for a total transaction of $654,450.00. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

Deere & (NYSE:DE) last released its earnings results on Friday, May 19th. The industrial products company reported $2.49 earnings per share for the quarter, beating analysts’ consensus estimates of $1.70 by $0.79. The business had revenue of $7.26 billion during the quarter, compared to the consensus estimate of $7.27 billion. Deere & had a net margin of 6.52% and a return on equity of 24.85%. The firm’s revenue for the quarter was up 2.2% compared to the same quarter last year. During the same quarter last year, the firm earned $1.56 earnings per share.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, August 1st. Investors of record on Friday, June 30th were given a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 1.82%. The ex-dividend date was Wednesday, June 28th. Deere &’s dividend payout ratio (DPR) is currently 43.24%.

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DE has been the topic of a number of research analyst reports. BidaskClub lowered shares of Deere & from a “buy” rating to a “hold” rating in a research note on Wednesday, June 28th. Barclays PLC raised their price objective on shares of Deere & from $82.00 to $90.00 and gave the company a “sell” rating in a research note on Monday, May 22nd. Credit Suisse Group set a $132.00 price objective on shares of Deere & and gave the company a “buy” rating in a research note on Wednesday, April 12th. BMO Capital Markets raised their price objective on shares of Deere & from $128.00 to $140.00 and gave the company an “outperform” rating in a research note on Tuesday, May 30th. Finally, Royal Bank Of Canada reiterated a “hold” rating and set a $133.00 price objective on shares of Deere & in a research note on Tuesday, May 23rd. Three equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and thirteen have given a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $122.60.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. increased its position in Deere & by 2,432.6% in the first quarter. BlackRock Inc. now owns 16,715,452 shares of the industrial products company’s stock worth $1,819,643,000 after buying an additional 16,055,453 shares during the period. Vanguard Group Inc. increased its position in Deere & by 8.2% in the first quarter. Vanguard Group Inc. now owns 20,440,278 shares of the industrial products company’s stock worth $2,225,128,000 after buying an additional 1,541,004 shares during the period. Principal Financial Group Inc. increased its position in Deere & by 242.6% in the second quarter. Principal Financial Group Inc. now owns 1,450,533 shares of the industrial products company’s stock worth $179,271,000 after buying an additional 1,027,175 shares during the period. SG Americas Securities LLC increased its position in Deere & by 107.6% in the first quarter. SG Americas Securities LLC now owns 44,868 shares of the industrial products company’s stock worth $4,884,000 after buying an additional 631,378 shares during the period. Finally, Bank of New York Mellon Corp increased its position in Deere & by 16.2% in the second quarter. Bank of New York Mellon Corp now owns 2,987,763 shares of the industrial products company’s stock worth $369,258,000 after buying an additional 415,714 shares during the period. 67.35% of the stock is owned by institutional investors and hedge funds.

About Deere &

Deere & Company is engaged in equipment operations. The Company is engaged in providing financial services. The Company operates through three business segments: agriculture and turf, construction and forestry, and financial services. The agriculture and turf segment manufactures and distributes a line of agriculture and turf equipment and related service parts.

Insider Buying and Selling by Quarter for Deere & (NYSE:DE)

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