Deere & Company (DE) VP Mary K.W. Jones Sells 10,220 Shares

Deere & Company (NYSE:DE) VP Mary K.W. Jones sold 10,220 shares of the company’s stock in a transaction on Tuesday, January 9th. The stock was sold at an average price of $165.06, for a total value of $1,686,913.20. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Mary K.W. Jones also recently made the following trade(s):

  • On Tuesday, November 28th, Mary K.W. Jones sold 34,136 shares of Deere & Company stock. The stock was sold at an average price of $124.72, for a total value of $4,257,441.92.

Deere & Company (NYSE DE) opened at $165.60 on Wednesday. The company has a debt-to-equity ratio of 2.71, a current ratio of 2.12 and a quick ratio of 1.95. The firm has a market cap of $53,210.00, a PE ratio of 24.90, a price-to-earnings-growth ratio of 2.46 and a beta of 0.77. Deere & Company has a 12-month low of $103.99 and a 12-month high of $165.98.

Deere & Company (NYSE:DE) last issued its quarterly earnings results on Wednesday, November 22nd. The industrial products company reported $1.57 EPS for the quarter, topping the 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 analysts’ expectations of $6.91 billion. During the same quarter last year, the company posted $0.90 earnings per share. The company’s quarterly revenue was up 25.6% compared to the same quarter last year. equities research analysts predict that Deere & Company will post 7.95 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, February 1st. Stockholders of record on Friday, December 29th will be given a dividend of $0.60 per share. The ex-dividend date is Thursday, December 28th. This represents a $2.40 annualized dividend and a dividend yield of 1.45%. Deere & Company’s payout ratio is 36.09%.

Hedge funds have recently modified their holdings of the company. Bartlett & Co. LLC lifted its position in shares of Deere & Company by 552.8% during the third quarter. Bartlett & Co. LLC now owns 105,048 shares of the industrial products company’s stock worth $13,193,000 after purchasing an additional 88,955 shares during the last quarter. Bank of Nova Scotia Trust Co. bought a new position in shares of Deere & Company during the third quarter worth about $302,000. Cutler Investment Counsel LLC lifted its position in shares of Deere & Company by 1.3% during the second quarter. Cutler Investment Counsel LLC now owns 88,361 shares of the industrial products company’s stock worth $10,921,000 after purchasing an additional 1,164 shares during the last quarter. Sun Life Financial INC lifted its position in shares of Deere & Company by 12,552.9% during the second quarter. Sun Life Financial INC now owns 2,151 shares of the industrial products company’s stock worth $266,000 after purchasing an additional 2,134 shares during the last quarter. Finally, IFP Advisors Inc lifted its position in shares of Deere & Company by 7.7% during the third quarter. IFP Advisors Inc now owns 16,722 shares of the industrial products company’s stock worth $2,100,000 after purchasing an additional 1,197 shares during the last quarter. 67.36% of the stock is currently owned by institutional investors and hedge funds.

A number of research firms have recently commented on DE. ValuEngine upgraded Deere & Company from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. Barclays assumed coverage on shares of Deere & Company in a research report on Tuesday, December 12th. They set an “overweight” rating and a $167.00 price target for the company. BMO Capital Markets upped their price target on shares of Deere & Company to $165.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 28th. Credit Suisse Group reaffirmed a “buy” rating and set a $162.00 price target on shares of Deere & Company in a research report on Thursday, November 23rd. Finally, Argus reaffirmed a “buy” rating and set a $165.00 price target on shares of Deere & Company in a research report on Monday, November 27th. They noted that the move was a valuation call. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and thirteen have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $143.68.

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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.

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

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