Deere & Company (DE) VP Sells $1,173,256.56 in Stock

Deere & Company (NYSE:DE) VP Marc A. Howze sold 7,731 shares of the stock in a transaction dated Monday, December 4th. The shares were sold at an average price of $151.76, for a total value of $1,173,256.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Shares of Deere & Company (NYSE:DE) opened at $151.11 on Friday. The company has a quick ratio of 1.95, a current ratio of 2.12 and a debt-to-equity ratio of 2.71. Deere & Company has a 12 month low of $100.05 and a 12 month high of $152.68. The firm has a market capitalization of $48,600.00, a P/E ratio of 22.69, a P/E/G ratio of 2.33 and a beta of 0.77.

Deere & Company (NYSE:DE) last posted its quarterly earnings results on Wednesday, November 22nd. The industrial products company reported $1.57 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.47 by $0.10. Deere & Company had a return on equity of 26.31% and a net margin of 7.22%. The firm had revenue of $7.09 billion for the quarter, compared to the consensus estimate of $6.91 billion. During the same period in the previous year, the business earned $0.90 earnings per share. The company’s revenue for the quarter was up 25.6% compared to the same quarter last year. research analysts anticipate that Deere & Company will post 7.9 EPS for the current year.

The firm also recently declared 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. The ex-dividend date of this dividend is Thursday, December 28th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.59%. Deere & Company’s dividend payout ratio (DPR) is presently 43.24%.

Several institutional investors have recently bought and sold shares of DE. Capital International Investors raised its holdings in shares of Deere & Company by 35.4% in the third quarter. Capital International Investors now owns 8,807,474 shares of the industrial products company’s stock worth $1,106,131,000 after acquiring an additional 2,300,531 shares during the last quarter. Janus Henderson Group PLC raised its holdings in shares of Deere & Company by 128.2% in the third quarter. Janus Henderson Group PLC now owns 2,587,339 shares of the industrial products company’s stock worth $324,942,000 after acquiring an additional 1,453,754 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of Deere & Company by 5.6% in the second quarter. Vanguard Group Inc. now owns 21,593,762 shares of the industrial products company’s stock worth $2,668,774,000 after acquiring an additional 1,153,484 shares during the last quarter. Principal Financial Group Inc. raised its holdings in shares of Deere & Company 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 acquiring an additional 1,027,175 shares during the last quarter. Finally, FMR LLC raised its holdings in shares of Deere & Company by 18.3% in the second quarter. FMR LLC now owns 5,032,313 shares of the industrial products company’s stock worth $621,943,000 after acquiring an additional 777,519 shares during the last quarter. Hedge funds and other institutional investors own 67.75% of the company’s stock.

Several brokerages have recently weighed in on DE. BMO Capital Markets reissued a “buy” rating and set a $150.00 target price on shares of Deere & Company in a research report on Thursday, November 2nd. ValuEngine raised Deere & Company from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Robert W. Baird lowered Deere & Company from an “outperform” rating to a “neutral” rating and cut their target price for the stock from $140.00 to $130.00 in a research report on Friday, August 18th. BidaskClub lowered Deere & Company from a “buy” rating to a “hold” rating in a research report on Friday, August 18th. Finally, Wells Fargo & Company reissued a “buy” rating and set a $170.00 target price on shares of Deere & Company in a research report on Thursday, November 23rd. Three analysts have rated the stock with a sell rating, nine have given a hold rating and twelve have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $140.33.

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Deere & Company 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.

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

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