Deere & Company (NYSE:DE) VP Marc A. Howze sold 7,731 shares of the company’s stock in a transaction that occurred on Monday, December 4th. The stock was sold at an average price of $151.76, for a total value of $1,173,256.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Deere & Company (DE) opened at $149.45 on Thursday. Deere & Company has a 52 week low of $100.05 and a 52 week high of $152.68. The company has a quick ratio of 1.95, a current ratio of 2.12 and a debt-to-equity ratio of 2.71. The company has a market capitalization of $48,409.80, a price-to-earnings ratio of 22.69, a P/E/G ratio of 2.33 and a beta of 0.77.
Deere & Company (NYSE:DE) last issued its earnings results on Wednesday, November 22nd. The industrial products company reported $1.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.47 by $0.10. Deere & Company had a return on equity of 26.31% and a net margin of 7.22%. The business had revenue of $7.09 billion during the quarter, compared to the consensus estimate of $6.91 billion. During the same period last year, the company earned $0.90 EPS. The company’s revenue for the quarter was up 25.6% on a year-over-year basis. equities analysts predict that Deere & Company will post 7.9 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, February 1st. Shareholders of record on Friday, December 29th will be paid a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.61%. Deere & Company’s dividend payout ratio (DPR) is presently 36.14%.
A number of research analysts have recently issued reports on the company. Robert W. Baird lowered Deere & Company from an “outperform” rating to a “neutral” rating and decreased their target price for the company from $140.00 to $130.00 in a research report on Friday, August 18th. Argus reiterated a “buy” rating and set a $140.00 target price on shares of Deere & Company in a research report on Tuesday, August 22nd. Piper Jaffray Companies set a $119.00 target price on Deere & Company and gave the company a “hold” rating in a research report on Friday, August 25th. Bank of America decreased their target price on Deere & Company from $145.00 to $130.00 and set a “neutral” rating on the stock in a research report on Monday, August 21st. Finally, BidaskClub lowered Deere & Company from a “buy” rating to a “hold” rating in a research report on Friday, August 18th. Three analysts have rated the stock with a sell rating, nine have issued a hold rating and twelve have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $140.33.
Several institutional investors and hedge funds have recently modified their holdings of DE. HM Payson & Co. increased its stake in shares of Deere & Company by 91.6% in the 1st quarter. HM Payson & Co. now owns 10,774 shares of the industrial products company’s stock worth $1,172,000 after acquiring an additional 5,150 shares during the last quarter. Jacobi Capital Management LLC increased its stake in shares of Deere & Company by 52.0% in the 1st quarter. Jacobi Capital Management LLC now owns 2,204 shares of the industrial products company’s stock worth $241,000 after acquiring an additional 754 shares during the last quarter. Ballentine Partners LLC acquired a new stake in shares of Deere & Company in the 1st quarter worth $287,000. TrueNorth Inc. increased its stake in shares of Deere & Company by 14.3% in the 1st quarter. TrueNorth Inc. now owns 2,627 shares of the industrial products company’s stock worth $286,000 after acquiring an additional 329 shares during the last quarter. Finally, Park National Corp OH grew its holdings in shares of Deere & Company by 15.7% during the 2nd quarter. Park National Corp OH now owns 3,880 shares of the industrial products company’s stock worth $479,000 after purchasing an additional 526 shares during the period. 67.75% of the stock is owned by institutional investors and hedge funds.
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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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