Insider Selling: Deere & Company (DE) Insider Sells 5,000 Shares of Stock

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.

The business also recently declared a quarterly dividend, which was paid on Tuesday, August 1st. Stockholders of record on Friday, June 30th were given a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 2.05%. The ex-dividend date of this dividend was Wednesday, June 28th. Deere &’s dividend payout ratio is presently 43.24%.

COPYRIGHT VIOLATION WARNING: This report was originally reported by Community Financial News and is the sole property of of Community Financial News. If you are viewing this report on another publication, it was illegally copied and reposted in violation of United States & international trademark & copyright laws. The legal version of this report can be viewed at https://www.com-unik.info/2017/08/19/max-a-guinn-sells-5000-shares-of-deere-company-de-stock-updated.html.

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.

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

What are top analysts saying about Deere & Company? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Deere & Company and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit