Traders Sell Shares of Deere & Company (DE) on Strength (DE)
Investors sold shares of Deere & Company (NYSE:DE) on strength during trading on Tuesday. $25.96 million flowed into the stock on the tick-up and $44.08 million flowed out of the stock on the tick-down, for a money net flow of $18.12 million out of the stock. Of all equities tracked, Deere & had the 0th highest net out-flow for the day. Deere & traded up $0.31 for the day and closed at $116.45
A number of research firms recently weighed in on DE. ValuEngine raised shares of Deere & from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. BidaskClub downgraded shares of Deere & from a “hold” rating to a “sell” rating in a report on Saturday, August 26th. Piper Jaffray Companies set a $119.00 target price on shares of Deere & and gave the stock a “hold” rating in a report on Friday, August 25th. Stifel Nicolaus set a $135.00 target price on shares of Deere & and gave the stock a “buy” rating in a report on Wednesday, August 23rd. Finally, Argus reiterated a “buy” rating and issued a $140.00 target price on shares of Deere & in a report on Tuesday, August 22nd. Three research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and ten have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $127.58.
The firm has a market cap of $37.28 billion, a PE ratio of 19.30 and a beta of 0.70. The stock’s 50-day moving average price is $123.66 and its 200 day moving average price is $118.00. Deere & also was the recipient of unusually large options trading on Monday. Investors acquired 731 call options on the company. This is an increase of approximately 255% compared to the average volume of 206 call options.
Deere & (NYSE:DE) last announced its quarterly earnings data on Friday, August 18th. The industrial products company reported $1.97 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.93 by $0.04. Deere & had a return on equity of 25.96% and a net margin of 6.81%. The firm had revenue of $6.83 billion for the quarter, compared to analyst estimates of $6.92 billion. During the same quarter in the prior year, the company posted $1.55 earnings per share. Deere &’s quarterly revenue was up 16.6% on a year-over-year basis. Equities research analysts expect that Deere & Company will post $6.52 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 1st. Shareholders of record on Friday, September 29th will be given a dividend of $0.60 per share. The ex-dividend date of this dividend is Thursday, September 28th. This represents a $2.40 dividend on an annualized basis and a yield of 2.07%. Deere &’s payout ratio is 40.20%.
In other Deere & news, insider Max A. Guinn sold 5,000 shares of the business’s stock in a transaction on Tuesday, August 8th. The stock was sold at an average price of $130.89, for a total transaction of $654,450.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Pentz Markwart Von sold 46,457 shares of the business’s stock in a transaction on Tuesday, August 22nd. The stock was sold at an average price of $116.74, for a total value of $5,423,390.18. Following the sale, the insider now owns 47,165 shares in the company, valued at $5,506,042.10. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 76,769 shares of company stock worth $9,357,212. 0.85% of the stock is owned by company insiders.
Institutional investors and hedge funds have recently bought and sold shares of the business. QCI Asset Management Inc. NY boosted its position in Deere & by 18.8% during the second quarter. QCI Asset Management Inc. NY now owns 950 shares of the industrial products company’s stock worth $117,000 after purchasing an additional 150 shares in the last quarter. Guardian Life Insurance Co. of America boosted its position in Deere & by 1.4% during the first quarter. Guardian Life Insurance Co. of America now owns 1,132 shares of the industrial products company’s stock worth $123,000 after purchasing an additional 16 shares in the last quarter. Arrow Financial Corp boosted its position in Deere & by 5.2% during the second quarter. Arrow Financial Corp now owns 1,010 shares of the industrial products company’s stock worth $125,000 after purchasing an additional 50 shares in the last quarter. MCF Advisors LLC boosted its position in Deere & by 26.2% during the first quarter. MCF Advisors LLC now owns 1,160 shares of the industrial products company’s stock worth $126,000 after purchasing an additional 241 shares in the last quarter. Finally, Harfst & Associates Inc. boosted its position in Deere & by 44.2% during the second quarter. Harfst & Associates Inc. now owns 1,175 shares of the industrial products company’s stock worth $145,000 after purchasing an additional 360 shares in the last quarter. Institutional investors own 67.21% of the company’s stock.
Deere & Company Profile
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.
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