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.

Several large investors have recently made changes to their positions in DE. Capital International Investors raised its stake in shares of Deere & Company by 35.4% during the third quarter. Capital International Investors now owns 8,807,474 shares of the industrial products company’s stock valued at $1,106,131,000 after acquiring an additional 2,300,531 shares in the last quarter. Janus Henderson Group PLC raised its stake in shares of Deere & Company by 128.2% during the third quarter. Janus Henderson Group PLC now owns 2,587,339 shares of the industrial products company’s stock valued at $324,942,000 after acquiring an additional 1,453,754 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of Deere & Company by 5.6% during the second quarter. Vanguard Group Inc. now owns 21,593,762 shares of the industrial products company’s stock valued at $2,668,774,000 after acquiring an additional 1,153,484 shares in the last quarter. Principal Financial Group Inc. raised its stake in shares of Deere & Company by 242.6% during the second quarter. Principal Financial Group Inc. now owns 1,450,533 shares of the industrial products company’s stock valued at $179,271,000 after acquiring an additional 1,027,175 shares in the last quarter. Finally, FMR LLC raised its stake in shares of Deere & Company by 18.3% during the second quarter. FMR LLC now owns 5,032,313 shares of the industrial products company’s stock valued at $621,943,000 after acquiring an additional 777,519 shares in the last quarter. Institutional investors and hedge funds own 67.75% of the company’s stock.

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.

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

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