Deere & Company (NYSE:DE) insider Max A. Guinn sold 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 8th. The shares were sold at an average price of $130.89, for a total transaction of $654,450.00. The sale was disclosed in a document filed with the SEC, which is accessible through this link.
Shares of Deere & Company (NYSE DE) traded down 5.38% during trading on Friday, hitting $117.31. 11,364,628 shares of the stock traded hands. The stock has a 50 day moving average price of $126.94 and a 200-day moving average price of $117.25. The stock has a market cap of $37.52 billion, a price-to-earnings ratio of 21.12 and a beta of 0.67. Deere & Company has a 1-year low of $80.35 and a 1-year high of $132.50.
Deere & (NYSE:DE) last issued its quarterly earnings results on Friday, August 18th. The industrial products company reported $1.97 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.93 by $0.04. The company had revenue of $6.83 billion for the quarter, compared to the consensus estimate of $6.92 billion. Deere & had a net margin of 6.52% and a return on equity of 24.85%. The firm’s quarterly revenue was up 16.6% on a year-over-year basis. During the same period in the previous year, the firm earned $1.55 EPS. Equities analysts forecast that Deere & Company will post $6.42 EPS for the current year.
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Large investors have recently made changes to their positions in the stock. Ledyard National Bank boosted its stake in shares of Deere & by 5.0% in the first quarter. Ledyard National Bank now owns 1,050 shares of the industrial products company’s stock valued at $114,000 after buying an additional 50 shares in the last quarter. QCI Asset Management Inc. NY boosted its stake in shares of Deere & by 18.8% in the second quarter. QCI Asset Management Inc. NY now owns 950 shares of the industrial products company’s stock valued at $117,000 after buying an additional 150 shares in the last quarter. Guardian Life Insurance Co. of America raised its position in shares of Deere & by 1.4% in the first quarter. Guardian Life Insurance Co. of America now owns 1,132 shares of the industrial products company’s stock valued at $123,000 after buying an additional 16 shares during the last quarter. Arrow Financial Corp raised its position in shares of Deere & by 5.2% in the second quarter. Arrow Financial Corp now owns 1,010 shares of the industrial products company’s stock valued at $125,000 after buying an additional 50 shares during the last quarter. Finally, MCF Advisors LLC raised its position in shares of Deere & by 26.2% in the first quarter. MCF Advisors LLC now owns 1,160 shares of the industrial products company’s stock valued at $126,000 after buying an additional 241 shares during the last quarter. Hedge funds and other institutional investors own 67.91% of the company’s stock.
Several research analysts have recently weighed in on DE shares. Deutsche Bank AG reiterated a “hold” rating and issued a $139.00 price target (up previously from $135.00) on shares of Deere & in a report on Friday, August 11th. Jefferies Group LLC reiterated a “hold” rating and issued a $125.00 price target on shares of Deere & in a report on Wednesday, August 9th. Wells Fargo & Company reiterated an “outperform” rating and issued a $140.00 price target (up previously from $125.00) on shares of Deere & in a report on Tuesday, May 23rd. Citigroup Inc. upped their price target on shares of Deere & from $125.00 to $145.00 and gave the company a “buy” rating in a report on Tuesday, May 23rd. Finally, TheStreet upgraded shares of Deere & from a “c+” rating to an “a-” rating in a report on Friday, May 19th. Three investment analysts have rated the stock with a sell rating, sixteen have given a hold rating and ten have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $123.12.
About Deere &
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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