Deere & Company (NYSE:DE) was the target of some unusual options trading activity on Monday. Investors purchased 731 call options on the stock. This is an increase of approximately 255% compared to the average volume of 206 call options.

Several brokerages recently commented on DE. Robert W. Baird lowered shares of Deere & from an “outperform” rating to a “neutral” rating and dropped their price target for the stock from $140.00 to $130.00 in a research report on Friday, August 18th. BidaskClub lowered shares of Deere & from a “buy” rating to a “hold” rating in a research report on Wednesday, June 28th. Berenberg Bank dropped their price target on shares of Deere & from $100.00 to $90.00 and set a “sell” rating for the company in a research report on Wednesday, June 28th. Goldman Sachs Group, Inc. (The) raised shares of Deere & from a “buy” rating to a “conviction-buy” rating and set a $129.75 price target for the company in a research report on Monday, August 7th. Finally, Argus reaffirmed a “buy” rating and set a $140.00 price target on shares of Deere & in a research report on Tuesday, August 22nd. Three analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and ten have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $127.76.

In related news, insider Jean H. Gilles sold 8,015 shares of the company’s stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $129.99, for a total transaction of $1,041,869.85. Following the transaction, the insider now owns 70,635 shares of the company’s stock, valued at $9,181,843.65. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Jean H. Gilles sold 12,361 shares of the company’s stock in a transaction that occurred on Friday, August 4th. The shares were 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 disclosure for this sale can be found here. Insiders have sold 116,023 shares of company stock worth $14,185,962 in the last three months. Insiders own 0.85% of the company’s stock.

Several large investors have recently added to or reduced their stakes in the company. QCI Asset Management Inc. NY increased its position in Deere & by 18.8% during the second quarter. QCI Asset Management Inc. NY now owns 950 shares of the industrial products company’s stock worth $117,000 after acquiring an additional 150 shares during the period. Guardian Life Insurance Co. of America increased its position in Deere & by 1.4% during 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 acquiring an additional 16 shares during the period. Arrow Financial Corp increased its position in Deere & by 5.2% during the second quarter. Arrow Financial Corp now owns 1,010 shares of the industrial products company’s stock worth $125,000 after acquiring an additional 50 shares during the period. Harfst & Associates Inc. increased its position in Deere & by 44.2% during the second quarter. Harfst & Associates Inc. now owns 1,175 shares of the industrial products company’s stock worth $145,000 after acquiring an additional 360 shares during the period. Finally, Endurance Wealth Management Inc. increased its position in Deere & by 2.2% during the first quarter. Endurance Wealth Management Inc. now owns 1,404 shares of the industrial products company’s stock worth $153,000 after acquiring an additional 30 shares during the period. 66.20% of the stock is currently owned by institutional investors.

Shares of Deere & (NYSE:DE) opened at 128.33 on Thursday. The company’s 50-day moving average is $120.09 and its 200-day moving average is $119.70. The firm has a market capitalization of $41.23 billion, a price-to-earnings ratio of 21.31 and a beta of 0.69. Deere & has a 12-month low of $85.05 and a 12-month high of $132.50.

Deere & (NYSE:DE) last released its quarterly earnings results on Friday, August 18th. The industrial products company reported $1.97 EPS for the quarter, beating the Zacks’ consensus estimate of $1.93 by $0.04. Deere & had a net margin of 6.81% and a return on equity of 25.96%. The company had revenue of $6.83 billion for the quarter, compared to analyst estimates of $6.92 billion. During the same quarter last year, the firm posted $1.55 earnings per share. The company’s quarterly revenue was up 16.6% compared to the same quarter last year. On average, equities analysts forecast that Deere & will post $6.52 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 1st. Stockholders of record on Friday, September 29th will be given a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.87%. The ex-dividend date of this dividend is Thursday, September 28th. Deere &’s dividend payout ratio is 40.20%.

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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.

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