Deere & Company (NYSE:DE) was the recipient of unusually large options trading on Friday. Traders acquired 1,645 put options on the company. This is an increase of approximately 193% compared to the average daily volume of 561 put options.

Deere & Company (NYSE:DE) opened at 125.05 on Wednesday. Deere & Company has a one year low of $76.73 and a one year high of $126.44. The firm has a market capitalization of $40.00 billion, a PE ratio of 22.51 and a beta of 0.73. The stock’s 50 day moving average price is $115.68 and its 200 day moving average price is $108.95.

Deere & Company (NYSE:DE) last issued its earnings results on Friday, May 19th. The industrial products company reported $2.49 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.70 by $0.79. Deere & Company had a net margin of 5.72% and a return on equity of 21.97%. The company had revenue of $7.26 billion during the quarter, compared to analysts’ expectations of $7.27 billion. During the same period last year, the company posted $1.56 earnings per share. The firm’s quarterly revenue was up 2.2% compared to the same quarter last year. Analysts expect that Deere & Company will post $6.29 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 1st. Stockholders of record on Friday, June 30th will be paid a dividend of $0.60 per share. The ex-dividend date is Wednesday, June 28th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.92%. Deere & Company’s dividend payout ratio (DPR) is 49.90%.

DE has been the subject of a number of research reports. Credit Suisse Group AG set a $132.00 price target on Deere & Company and gave the stock a “buy” rating in a research report on Friday, February 17th. Barclays PLC lifted their price target on Deere & Company from $82.00 to $90.00 and gave the stock a “sell” rating in a research report on Monday, May 22nd. BMO Capital Markets lifted their price target on Deere & Company from $128.00 to $140.00 and gave the stock an “outperform” rating in a research report on Tuesday, May 30th. Stifel Nicolaus initiated coverage on Deere & Company in a research report on Monday, April 10th. They set a “buy” rating and a $126.00 price target for the company. Finally, Royal Bank of Canada reaffirmed a “hold” rating and set a $133.00 price target on shares of Deere & Company in a research report on Tuesday, May 23rd. Three investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and eleven have given a buy rating to the company. Deere & Company has an average rating of “Hold” and an average price target of $120.93.

In other news, CEO Samuel R. Allen sold 62,704 shares of the firm’s stock in a transaction on Thursday, June 1st. The stock was sold at an average price of $125.00, for a total value of $7,838,000.00. Following the completion of the sale, the chief executive officer now owns 333,492 shares of the company’s stock, valued at approximately $41,686,500. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Marc A. Howze sold 6,624 shares of the firm’s stock in a transaction on Friday, May 19th. The stock was sold at an average price of $119.59, for a total value of $792,164.16. Following the completion of the sale, the vice president now directly owns 9,004 shares of the company’s stock, valued at approximately $1,076,788.36. The disclosure for this sale can be found here. Insiders sold a total of 80,769 shares of company stock valued at $10,017,493 in the last three months. Insiders own 0.75% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of DE. Progressive Investment Management Corp boosted its position in shares of Deere & Company by 2.0% in the third quarter. Progressive Investment Management Corp now owns 32,568 shares of the industrial products company’s stock worth $2,780,000 after buying an additional 631 shares during the period. First Midwest Bank Trust Division boosted its position in shares of Deere & Company by 2.1% in the third quarter. First Midwest Bank Trust Division now owns 97,224 shares of the industrial products company’s stock worth $8,298,000 after buying an additional 1,985 shares during the period. First Eagle Investment Management LLC boosted its position in shares of Deere & Company by 20.4% in the third quarter. First Eagle Investment Management LLC now owns 6,325,129 shares of the industrial products company’s stock worth $539,850,000 after buying an additional 1,072,390 shares during the period. First Personal Financial Services boosted its position in shares of Deere & Company by 22.3% in the third quarter. First Personal Financial Services now owns 58,705 shares of the industrial products company’s stock worth $5,010,000 after buying an additional 10,714 shares during the period. Finally, Banque Pictet & Cie SA boosted its position in shares of Deere & Company by 2.3% in the third quarter. Banque Pictet & Cie SA now owns 158,336 shares of the industrial products company’s stock worth $13,514,000 after buying an additional 3,600 shares during the period. 71.09% of the stock is 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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