Deere & Company (DE) CFO Rajesh Kalathur Sells 4,519 Shares
Deere & Company (NYSE:DE) CFO Rajesh Kalathur sold 4,519 shares of the firm’s stock in a transaction dated Wednesday, November 29th. The shares were sold at an average price of $148.92, for a total value of $672,969.48. Following the sale, the chief financial officer now directly owns 36,288 shares in the company, valued at $5,404,008.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
Deere & Company (DE) traded up $1.42 on Thursday, reaching $149.86. The company had a trading volume of 3,726,322 shares, compared to its average volume of 2,407,310. The stock has a market capitalization of $48,090.00, a price-to-earnings ratio of 22.50, a P/E/G ratio of 2.34 and a beta of 0.73. Deere & Company has a 12 month low of $99.84 and a 12 month high of $150.75. The company has a current ratio of 2.12, a quick ratio of 1.95 and a debt-to-equity ratio of 2.71.
Deere & Company (NYSE:DE) last released its quarterly earnings results on Wednesday, November 22nd. The industrial products company reported $1.57 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.47 by $0.10. The company had revenue of $7.09 billion during the quarter, compared to analyst estimates of $6.91 billion. Deere & Company had a return on equity of 26.31% and a net margin of 7.22%. The firm’s revenue was up 25.6% on a year-over-year basis. During the same quarter last year, the business posted $0.90 earnings per share. analysts predict that Deere & Company will post 7.77 earnings per share for the current year.
A number of equities research analysts have commented on the company. Robert W. Baird cut Deere & Company from an “outperform” rating to a “neutral” rating and decreased their price target for the company from $140.00 to $130.00 in a report on Friday, August 18th. Goldman Sachs Group raised Deere & Company from a “buy” rating to a “conviction-buy” rating and set a $129.75 price target on the stock in a report on Monday, August 7th. Argus reissued a “buy” rating and set a $140.00 price target on shares of Deere & Company in a report on Tuesday, August 22nd. Piper Jaffray Companies set a $119.00 price objective on Deere & Company and gave the company a “hold” rating in a research report on Friday, August 25th. Finally, Stifel Nicolaus raised their price objective on Deere & Company to $161.00 and gave the company a “buy” rating in a research report on Monday. Three equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and twelve have given a buy rating to the company’s stock. Deere & Company has an average rating of “Hold” and a consensus price target of $140.33.
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Deere & Company 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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