Deere & Company (NYSE:DE) insider Rajesh Kalathur sold 12,151 shares of Deere & Company stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $164.32, for a total value of $1,996,652.32. Following the completion of the sale, the insider now directly owns 55,178 shares of the company’s stock, valued at $9,066,848.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
DE stock traded up $1.77 during mid-day trading on Wednesday, reaching $165.27. The company had a trading volume of 1,703,271 shares, compared to its average volume of 2,028,430. The company has a debt-to-equity ratio of 2.65, a quick ratio of 1.80 and a current ratio of 2.04. The company has a market capitalization of $52.91 billion, a price-to-earnings ratio of 16.63, a price-to-earnings-growth ratio of 2.27 and a beta of 1.13. The firm has a fifty day simple moving average of $173.76 and a 200 day simple moving average of $161.41. Deere & Company has a fifty-two week low of $132.68 and a fifty-two week high of $180.48.
Deere & Company (NYSE:DE) last announced its quarterly earnings data on Wednesday, November 27th. The industrial products company reported $2.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.13 by $0.01. Deere & Company had a return on equity of 27.11% and a net margin of 8.29%. The business had revenue of $8.70 billion during the quarter, compared to analysts’ expectations of $8.41 billion. During the same quarter last year, the business posted $2.30 EPS. The business’s quarterly revenue was up 4.3% compared to the same quarter last year. As a group, analysts predict that Deere & Company will post 9.89 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Monday, February 10th. Investors of record on Tuesday, December 31st will be issued a $0.76 dividend. This represents a $3.04 annualized dividend and a yield of 1.84%. Deere & Company’s dividend payout ratio (DPR) is 30.58%.
Several research firms recently issued reports on DE. UBS Group decreased their target price on Deere & Company from $180.00 to $169.00 and set a “neutral” rating on the stock in a research note on Friday, November 29th. JPMorgan Chase & Co. restated a “sell” rating and set a $140.00 target price on shares of Deere & Company in a report on Monday, November 25th. Argus reaffirmed a “positive” rating and issued a $185.00 target price on shares of Deere & Company in a research report on Tuesday. Morgan Stanley boosted their price target on shares of Deere & Company from $180.00 to $197.00 and gave the stock an “overweight” rating in a research note on Friday, November 29th. Finally, Barclays set a $180.00 price target on shares of Deere & Company and gave the stock a “buy” rating in a research note on Tuesday, October 15th. Four research analysts have rated the stock with a sell rating, seven have given a hold rating and eleven have given a buy rating to the company’s stock. Deere & Company currently has a consensus rating of “Hold” and a consensus target price of $172.37.
A number of institutional investors have recently modified their holdings of the stock. KLCM Advisors Inc. lifted its position in Deere & Company by 4.7% in the third quarter. KLCM Advisors Inc. now owns 1,319 shares of the industrial products company’s stock valued at $222,000 after acquiring an additional 59 shares during the last quarter. Endurance Wealth Management Inc. increased its position in shares of Deere & Company by 3.9% during the second quarter. Endurance Wealth Management Inc. now owns 1,614 shares of the industrial products company’s stock worth $267,000 after purchasing an additional 60 shares in the last quarter. Benjamin Edwards Inc. lifted its holdings in shares of Deere & Company by 69.7% in the 3rd quarter. Benjamin Edwards Inc. now owns 151 shares of the industrial products company’s stock valued at $25,000 after purchasing an additional 62 shares during the last quarter. Beaton Management Co. Inc. lifted its holdings in shares of Deere & Company by 1.1% in the 3rd quarter. Beaton Management Co. Inc. now owns 6,276 shares of the industrial products company’s stock valued at $1,059,000 after purchasing an additional 68 shares during the last quarter. Finally, Wesbanco Bank Inc. lifted its holdings in shares of Deere & Company by 0.6% in the 2nd quarter. Wesbanco Bank Inc. now owns 13,626 shares of the industrial products company’s stock valued at $2,258,000 after purchasing an additional 75 shares during the last quarter. Institutional investors own 66.65% of the company’s stock.
Deere & Company Company Profile
Deere & Company manufactures and distributes various equipment worldwide. The company operates through three segments: Agriculture and Turf, Construction and Forestry, and Financial Services. The Agriculture and Turf segment offers agriculture and turf equipment, and related parts, including large, medium, and utility tractors; tractor loaders; combines, cotton pickers, cotton strippers, and sugarcane harvesters; harvesting front-end equipment; sugarcane loaders and pull-behind scrapers; and tillage, seeding, and application equipment.
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