Deere & Company (NYSE:DE) Insider Sells $1,605,693.90 in Stock
Deere & Company (NYSE:DE) insider Jean H. Gilles sold 12,361 shares of the stock in a transaction dated Friday, August 4th. The stock was sold at an average price of $129.90, for a total transaction of $1,605,693.90. Following the transaction, the insider now directly owns 74,981 shares in the company, valued at approximately $9,740,031.90. The transaction was disclosed in a filing with the SEC, which is available through this link.
Shares of Deere & Company (NYSE:DE) traded up 0.20% during midday trading on Monday, hitting $130.01. 1,358,549 shares of the stock traded hands. The stock has a market cap of $41.59 billion, a price-to-earnings ratio of 23.40 and a beta of 0.67. Deere & Company has a 12-month low of $76.73 and a 12-month high of $130.50. The company’s 50 day moving average price is $125.86 and its 200-day moving average price is $115.48.
Deere & (NYSE:DE) last announced its quarterly earnings results on Friday, May 19th. The industrial products company reported $2.49 earnings per share for the quarter, beating the consensus estimate of $1.70 by $0.79. The firm had revenue of $7.26 billion for the quarter, compared to analysts’ expectations of $7.27 billion. Deere & had a net margin of 6.52% and a return on equity of 24.85%. The company’s revenue was up 2.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.56 EPS. On average, equities research analysts expect that Deere & Company will post $6.31 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Tuesday, August 1st. Shareholders of record on Friday, June 30th were given a $0.60 dividend. The ex-dividend date was Wednesday, June 28th. This represents a $2.40 dividend on an annualized basis and a yield of 1.85%. Deere &’s payout ratio is currently 43.24%.
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A number of hedge funds have recently modified their holdings of the company. Capstone Asset Management Co. raised its stake in shares of Deere & by 53.2% in the first quarter. Capstone Asset Management Co. now owns 38,143 shares of the industrial products company’s stock worth $4,152,000 after buying an additional 13,250 shares during the period. CrestPoint Capital Management LLC purchased a new stake in Deere & during the first quarter worth $359,000. Stillwater Investment Management LLC raised its stake in Deere & by 0.5% in the first quarter. Stillwater Investment Management LLC now owns 15,900 shares of the industrial products company’s stock worth $1,731,000 after buying an additional 85 shares during the last quarter. Carroll Financial Associates Inc. raised its stake in Deere & by 5.1% in the first quarter. Carroll Financial Associates Inc. now owns 1,835 shares of the industrial products company’s stock worth $199,000 after buying an additional 89 shares during the last quarter. Finally, Country Club Trust Company n.a. purchased a new stake in Deere & during the first quarter worth $210,000. Institutional investors own 67.35% of the company’s stock.
A number of research firms recently weighed in on DE. Credit Suisse Group set a $132.00 target price on shares of Deere & and gave the stock a “buy” rating in a report on Saturday, May 20th. BidaskClub lowered shares of Deere & from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, July 25th. Barclays PLC restated a “sell” rating and set a $82.00 price target (up previously from $80.00) on shares of Deere & in a research note on Tuesday, April 18th. Stifel Nicolaus raised their price target on shares of Deere & from $126.00 to $135.00 and gave the stock a “buy” rating in a research note on Monday, May 22nd. Finally, J P Morgan Chase & Co upgraded shares of Deere & from an “underweight” rating to a “neutral” rating and raised their price target for the stock from $103.00 to $122.00 in a research note on Friday, June 2nd. Three analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company’s stock. Deere & currently has an average rating of “Hold” and a consensus price target of $122.60.
Deere & Company Profile
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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