John C. May II Sells 20,835 Shares of Deere & Company (DE) Stock
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.
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.
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