Deere & Company (NYSE:DE) insider John C. May II sold 20,835 shares of the company’s stock in a transaction dated Monday, December 11th. The shares were sold at an average price of $151.07, for a total transaction of $3,147,543.45. Following the completion of the transaction, the insider now owns 11,383 shares in the company, valued at approximately $1,719,629.81. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Deere & Company (DE) opened at $149.44 on Friday. The company has a market cap of $48,538.32, a P/E ratio of 22.75, a P/E/G ratio of 2.32 and a beta of 0.77. The company has a debt-to-equity ratio of 2.71, a current ratio of 2.12 and a quick ratio of 1.95. Deere & Company has a 52 week low of $100.05 and a 52 week high of $153.34.

Deere & Company (NYSE:DE) last issued its quarterly earnings data on Wednesday, November 22nd. The industrial products company reported $1.57 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.47 by $0.10. The business had revenue of $7.09 billion during the quarter, compared to the consensus estimate of $6.91 billion. Deere & Company had a net margin of 7.22% and a return on equity of 26.31%. The firm’s revenue was up 25.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.90 EPS. equities analysts expect that Deere & Company will post 7.94 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, February 1st. Investors of record on Friday, December 29th will be paid a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 1.61%. The ex-dividend date is Thursday, December 28th. Deere & Company’s payout ratio is 36.14%.

Large investors have recently modified their holdings of the stock. QCI Asset Management Inc. NY increased its position in Deere & Company by 18.8% in the 2nd quarter. QCI Asset Management Inc. NY now owns 950 shares of the industrial products company’s stock valued at $117,000 after acquiring an additional 150 shares during the period. Arrow Financial Corp increased its position in Deere & Company by 5.2% in the 2nd quarter. Arrow Financial Corp now owns 1,010 shares of the industrial products company’s stock valued at $125,000 after acquiring an additional 50 shares during the period. Wealthcare Advisory Partners LLC acquired a new position in Deere & Company in the 3rd quarter valued at approximately $144,000. Harfst & Associates Inc. increased its position in Deere & Company by 44.2% in the 2nd quarter. Harfst & Associates Inc. now owns 1,175 shares of the industrial products company’s stock valued at $145,000 after acquiring an additional 360 shares during the period. Finally, YorkBridge Wealth Partners LLC increased its position in Deere & Company by 1.1% in the 2nd quarter. YorkBridge Wealth Partners LLC now owns 1,236 shares of the industrial products company’s stock valued at $154,000 after acquiring an additional 13 shares during the period. 67.75% of the stock is owned by institutional investors and hedge funds.

DE has been the topic of a number of research reports. Deutsche Bank upgraded shares of Deere & Company from a “hold” rating to a “buy” rating and upped their price target for the company from $149.00 to $167.00 in a research note on Thursday, November 23rd. Zacks Investment Research upgraded shares of Deere & Company from a “hold” rating to a “buy” rating and set a $150.00 target price on the stock in a research report on Thursday, November 2nd. ValuEngine upgraded shares of Deere & Company from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Credit Suisse Group restated a “buy” rating and set a $162.00 target price on shares of Deere & Company in a research report on Thursday, November 23rd. Finally, BMO Capital Markets restated a “buy” rating and set a $150.00 target price on shares of Deere & Company in a research report on Thursday, November 2nd. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and thirteen have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $143.68.

TRADEMARK VIOLATION NOTICE: “John C. May II Sells 20,835 Shares of Deere & Company (DE) Stock” was reported by Daily Political and is the property of of Daily Political. If you are accessing this article on another domain, it was stolen and republished in violation of United States & international copyright & trademark legislation. The legal version of this article can be read at https://www.dailypolitical.com/2017/12/15/john-c-may-ii-sells-20835-shares-of-deere-company-de-stock.html.

About Deere & Company

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 & Company (NYSE:DE)

Receive News & Ratings for Deere & Company Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Deere & Company and related companies with MarketBeat.com's FREE daily email newsletter.