Max A. Guinn Sells 8,551 Shares of Deere & Company (DE) Stock
Deere & Company (NYSE:DE) insider Max A. Guinn sold 8,551 shares of the stock in a transaction that occurred on Thursday, November 2nd. The stock was sold at an average price of $134.89, for a total value of $1,153,444.39. Following the transaction, the insider now owns 50,939 shares in the company, valued at approximately $6,871,161.71. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Max A. Guinn also recently made the following trade(s):
- On Tuesday, August 8th, Max A. Guinn sold 5,000 shares of Deere & stock. The stock was sold at an average price of $130.89, for a total value of $654,450.00.
Deere & Company (NYSE DE) traded up $0.30 during mid-day trading on Friday, reaching $134.57. The company’s stock had a trading volume of 282,002 shares, compared to its average volume of 1,733,114. The company has a market capitalization of $43,195.16, a price-to-earnings ratio of 22.52 and a beta of 0.73.
Deere & (NYSE:DE) last posted its earnings results on Friday, August 18th. The industrial products company reported $1.97 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.93 by $0.04. The company had revenue of $6.83 billion during the quarter, compared to analysts’ expectations of $6.92 billion. Deere & had a return on equity of 25.96% and a net margin of 6.81%. The firm’s quarterly revenue was up 16.6% compared to the same quarter last year. During the same quarter last year, the firm earned $1.55 earnings per share. sell-side analysts forecast that Deere & Company will post 6.47 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 1st. Shareholders of record on Friday, September 29th were paid a dividend of $0.60 per share. The ex-dividend date was Thursday, September 28th. This represents a $2.40 annualized dividend and a yield of 1.78%. Deere &’s dividend payout ratio (DPR) is 40.20%.
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DE has been the topic of a number of recent analyst reports. Goldman Sachs Group, Inc. (The) reiterated a “buy” rating on shares of Deere & in a research report on Sunday, August 20th. Credit Suisse Group set a $148.00 price target on Deere & and gave the stock a “buy” rating in a research report on Friday, August 18th. BidaskClub downgraded Deere & from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, July 25th. Argus reiterated a “buy” rating and set a $140.00 price target on shares of Deere & in a research report on Tuesday, August 22nd. Finally, Stifel Nicolaus set a $135.00 price target on Deere & and gave the stock a “buy” rating in a research report on Wednesday, August 23rd. Three investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating and ten have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $129.08.
A number of hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. increased its stake in Deere & by 5.6% during the second quarter. Vanguard Group Inc. now owns 21,593,762 shares of the industrial products company’s stock worth $2,668,774,000 after acquiring an additional 1,153,484 shares during the last quarter. BlackRock Inc. increased its stake in Deere & by 2.5% during the second quarter. BlackRock Inc. now owns 17,125,313 shares of the industrial products company’s stock worth $2,116,517,000 after acquiring an additional 409,861 shares during the last quarter. State Street Corp increased its stake in Deere & by 0.4% during the first quarter. State Street Corp now owns 12,267,999 shares of the industrial products company’s stock worth $1,335,500,000 after acquiring an additional 45,695 shares during the last quarter. Capital International Investors increased its stake in Deere & by 14.4% during the second quarter. Capital International Investors now owns 6,506,943 shares of the industrial products company’s stock worth $804,193,000 after acquiring an additional 820,991 shares during the last quarter. Finally, Loomis Sayles & Co. L P increased its stake in Deere & by 0.5% during the first quarter. Loomis Sayles & Co. L P now owns 5,860,666 shares of the industrial products company’s stock worth $637,992,000 after acquiring an additional 26,303 shares during the last quarter. 65.95% of the stock is owned by institutional investors.
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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