Deere & Company (NYSE:DE) insider Cory J. Reed sold 4,936 shares of the firm’s stock in a transaction dated Friday, June 16th. The shares were sold at an average price of $128.00, for a total transaction of $631,808.00. Following the transaction, the insider now directly owns 9,903 shares in the company, valued at approximately $1,267,584. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

Deere & Company (NYSE:DE) traded down 0.59% during mid-day trading on Monday, hitting $127.14. 780,327 shares of the company traded hands. The company’s 50-day moving average price is $119.40 and its 200 day moving average price is $110.34. The company has a market capitalization of $40.67 billion, a price-to-earnings ratio of 22.89 and a beta of 0.71. Deere & Company has a one year low of $76.73 and a one year high of $128.37.

Deere & Company (NYSE:DE) last released its quarterly earnings results on Friday, May 19th. The industrial products company reported $2.49 earnings per share for the quarter, topping analysts’ consensus estimates of $1.70 by $0.79. Deere & Company had a return on equity of 24.85% and a net margin of 6.52%. The firm had revenue of $7.26 billion during the quarter, compared to the consensus estimate of $7.27 billion. During the same quarter in the prior year, the firm posted $1.56 EPS. The business’s revenue was up 2.2% on a year-over-year basis. On average, analysts anticipate that Deere & Company will post $6.29 earnings per share for the current fiscal year.

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

The company also recently declared a quarterly dividend, which will be paid on Tuesday, August 1st. Shareholders of record on Friday, June 30th will be given a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 1.88%. The ex-dividend date is Wednesday, June 28th. Deere & Company’s dividend payout ratio (DPR) is currently 43.24%.

COPYRIGHT VIOLATION NOTICE: “Deere & Company (DE) Insider Cory J. Reed Sells 4,936 Shares” was posted by American Banking News and is the property of of American Banking News. If you are accessing this piece of content on another site, it was stolen and republished in violation of US and international trademark & copyright legislation. The legal version of this piece of content can be viewed at https://www.americanbankingnews.com/2017/06/19/deere-company-de-insider-cory-j-reed-sells-4936-shares.html.

A number of institutional investors have recently added to or reduced their stakes in the company. Ledyard National Bank increased its position in Deere & Company by 5.0% in the first quarter. Ledyard National Bank now owns 1,050 shares of the industrial products company’s stock worth $114,000 after buying an additional 50 shares during the period. Guardian Life Insurance Co. of America increased its position in Deere & Company 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 worth $123,000 after buying an additional 16 shares during the period. MCF Advisors LLC increased its position in Deere & Company by 26.2% in the first quarter. MCF Advisors LLC now owns 1,160 shares of the industrial products company’s stock worth $126,000 after buying an additional 241 shares during the period. Parallel Advisors LLC purchased a new position in Deere & Company during the fourth quarter worth $135,000. Finally, Sowell Financial Services LLC purchased a new position in Deere & Company during the fourth quarter worth $142,000. 67.82% of the stock is owned by hedge funds and other institutional investors.

Several equities analysts have recently issued reports on DE shares. Barclays PLC set a $80.00 price objective on shares of Deere & Company and gave the stock a “sell” rating in a research note on Sunday, February 19th. Royal Bank Of Canada reaffirmed a “hold” rating and issued a $109.00 price objective on shares of Deere & Company in a research note on Tuesday, February 21st. Wells Fargo & Company reaffirmed an “outperform” rating and issued a $124.50 price objective (up previously from $121.50) on shares of Deere & Company in a research note on Tuesday, February 21st. Zacks Investment Research raised shares of Deere & Company from a “hold” rating to a “buy” rating and set a $124.00 price objective on the stock in a research note on Wednesday, February 22nd. Finally, TheStreet cut shares of Deere & Company from a “b” rating to a “c+” rating in a research note on Wednesday, February 22nd. Three research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $121.20.

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.

Receive News & Ratings for Deere & Company Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Deere & Company and related companies with MarketBeat.com's FREE daily email newsletter.