Deere & Company (NYSE:DE) insider Max A. Guinn sold 21,989 shares of the stock in a transaction on Tuesday, December 5th. The shares were sold at an average price of $151.39, for a total value of $3,328,914.71. Following the transaction, the insider now directly owns 64,377 shares of the company’s stock, valued at $9,746,034.03. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

Deere & Company (NYSE DE) traded down $0.30 on Wednesday, hitting $150.67. The stock had a trading volume of 1,802,500 shares, compared to its average volume of 2,401,246. The stock has a market capitalization of $48,506.20, a price-to-earnings ratio of 22.74, a P/E/G ratio of 2.33 and a beta of 0.77. Deere & Company has a one year low of $100.05 and a one year high of $152.68. The company has a debt-to-equity ratio of 2.71, a current ratio of 2.12 and a quick ratio of 1.95.

Deere & Company (NYSE:DE) last released its earnings results on Wednesday, November 22nd. The industrial products company reported $1.57 earnings per share (EPS) for the quarter, beating the Zacks’ 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 company’s revenue for the quarter was up 25.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.90 earnings per share. equities analysts expect that Deere & Company will post 7.9 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, February 1st. Stockholders of record on Friday, December 29th will be issued a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.59%. Deere & Company’s payout ratio is currently 36.14%.

Several institutional investors and hedge funds have recently added to or reduced their stakes in DE. Shelton Capital Management increased its stake in shares of Deere & Company by 13.6% in the third quarter. Shelton Capital Management now owns 4,216 shares of the industrial products company’s stock worth $529,000 after acquiring an additional 504 shares during the last quarter. Steward Partners Investment Advisory LLC acquired a new position in shares of Deere & Company in the third quarter worth $235,000. Public Employees Retirement System of Ohio increased its stake in shares of Deere & Company by 0.7% in the third quarter. Public Employees Retirement System of Ohio now owns 246,966 shares of the industrial products company’s stock worth $31,016,000 after acquiring an additional 1,698 shares during the last quarter. Americafirst Capital Management LLC increased its stake in shares of Deere & Company by 118.2% in the third quarter. Americafirst Capital Management LLC now owns 2,599 shares of the industrial products company’s stock worth $326,000 after acquiring an additional 1,408 shares during the last quarter. Finally, IFM Investors Pty Ltd acquired a new position in shares of Deere & Company in the third quarter worth $963,000. Institutional investors own 67.75% of the company’s stock.

A number of brokerages have issued reports on DE. BMO Capital Markets increased their price target on Deere & Company to $165.00 and gave the company an “outperform” rating in a research note on Tuesday, November 28th. Stifel Nicolaus increased their price objective on Deere & Company to $161.00 and gave the company a “buy” rating in a research report on Monday, November 27th. Credit Suisse Group reiterated a “buy” rating and set a $162.00 price objective on shares of Deere & Company in a research report on Thursday, November 23rd. Argus reiterated a “buy” rating and set a $165.00 price objective on shares of Deere & Company in a research report on Monday, November 27th. They noted that the move was a valuation call. Finally, Citigroup reiterated a “buy” rating and set a $165.00 price objective on shares of Deere & Company in a research report on Friday, November 24th. Three analysts have rated the stock with a sell rating, nine have given a hold rating and twelve have given a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $140.33.

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About Deere & Company

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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