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 transaction of $1,173,256.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Shares of Deere & Company (DE) traded up $1.03 on Tuesday, hitting $150.97. 1,893,800 shares of the stock traded hands, compared to its average volume of 2,403,815. Deere & Company has a 1-year low of $100.05 and a 1-year high of $152.68. The stock has a market capitalization of $48,890.00, a P/E ratio of 22.58, a P/E/G ratio of 2.31 and a beta of 0.77. The company has a current ratio of 2.12, a quick ratio of 1.95 and a debt-to-equity ratio of 2.71.
Deere & Company (NYSE:DE) last announced its earnings results on Wednesday, November 22nd. The industrial products company reported $1.57 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.47 by $0.10. Deere & Company had a net margin of 7.22% and a return on equity of 26.31%. The business had revenue of $7.09 billion for the quarter, compared to the consensus estimate of $6.91 billion. During the same quarter in the prior year, the firm posted $0.90 earnings per share. The business’s revenue for the quarter was up 25.6% on a year-over-year basis. sell-side analysts forecast that Deere & Company will post 7.9 EPS for the current year.
A number of equities analysts have weighed in on the stock. Jefferies Group reiterated a “hold” rating and issued a $125.00 price target on shares of Deere & Company in a research report on Wednesday, August 9th. Stifel Nicolaus upped their target price on shares of Deere & Company to $161.00 and gave the stock a “buy” rating in a research report on Monday, November 27th. Deutsche Bank restated a “hold” rating and set a $139.00 target price (up previously from $135.00) on shares of Deere & Company in a research report on Friday, August 11th. Bank of America dropped their target price on shares of Deere & Company from $145.00 to $130.00 and set a “neutral” rating for the company in a research report on Monday, August 21st. Finally, Robert W. Baird lowered shares of Deere & Company from an “outperform” rating to a “neutral” rating and dropped their target price for the stock from $140.00 to $130.00 in a research report on Friday, August 18th. Three investment analysts have rated the stock with a sell rating, nine have given a hold rating and twelve have assigned a buy rating to the company’s stock. Deere & Company currently has an average rating of “Hold” and an average target price of $140.33.
Several institutional investors and hedge funds have recently made changes to their positions in the company. QCI Asset Management Inc. NY increased its stake 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 worth $117,000 after buying an additional 150 shares during the period. Arrow Financial Corp increased its stake 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 worth $125,000 after buying an additional 50 shares during the period. Wealthcare Advisory Partners LLC purchased a new position in Deere & Company in the 3rd quarter worth about $144,000. Harfst & Associates Inc. increased its stake 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 worth $145,000 after buying an additional 360 shares during the period. Finally, YorkBridge Wealth Partners LLC increased its position in Deere & Company by 1.1% during the 2nd quarter. YorkBridge Wealth Partners LLC now owns 1,236 shares of the industrial products company’s stock valued at $154,000 after purchasing an additional 13 shares during the period. 67.75% of the stock is currently 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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