Deere & Company (NYSE:DE) insider Cory J. Reed sold 6,416 shares of the firm’s stock in a transaction that occurred on Wednesday, December 13th. The stock was sold at an average price of $151.54, for a total transaction of $972,280.64. Following the sale, the insider now owns 11,383 shares of the company’s stock, valued at approximately $1,724,979.82. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

Deere & Company (DE) traded down $0.26 during trading on Wednesday, reaching $151.07. 1,699,100 shares of the company traded hands, compared to its average volume of 2,380,992. Deere & Company has a 12-month low of $100.05 and a 12-month 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. The firm has a market cap of $48,820.00, a P/E ratio of 22.79, a PEG ratio of 2.32 and a beta of 0.77.

Deere & Company (NYSE:DE) last posted its earnings results on Wednesday, November 22nd. The industrial products company reported $1.57 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.47 by $0.10. Deere & Company had a net margin of 7.22% and a return on equity of 26.31%. The firm had revenue of $7.09 billion during the quarter, compared to the consensus estimate of $6.91 billion. During the same quarter last year, the firm earned $0.90 EPS. The firm’s revenue for the quarter was up 25.6% on a year-over-year basis. research analysts predict that Deere & Company will post 7.94 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, February 1st. Shareholders of record on Friday, December 29th will be given a $0.60 dividend. The ex-dividend date is Thursday, December 28th. This represents a $2.40 annualized dividend and a yield of 1.59%. Deere & Company’s dividend payout ratio is presently 43.24%.

A number of analysts have recently issued reports on the stock. Barclays assumed coverage on shares of Deere & Company in a report on Tuesday. They set an “overweight” rating and a $167.00 price target for the company. BMO Capital Markets raised their price target on shares of Deere & Company to $165.00 and gave the stock an “outperform” rating in a report on Tuesday, November 28th. Credit Suisse Group restated a “buy” rating and set a $162.00 price target on shares of Deere & Company in a report on Thursday, November 23rd. Argus restated a “buy” rating and set a $165.00 price target on shares of Deere & Company in a report on Monday, November 27th. They noted that the move was a valuation call. Finally, Stifel Nicolaus raised their price target on shares of Deere & Company to $161.00 and gave the stock a “buy” rating in a report on Monday, November 27th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and thirteen have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $143.68.

A number of hedge funds have recently modified their holdings of the business. Vanguard Group Inc. boosted its position in Deere & Company by 5.6% in the 2nd quarter. Vanguard Group Inc. now owns 21,593,762 shares of the industrial products company’s stock valued at $2,668,774,000 after buying an additional 1,153,484 shares during the period. BlackRock Inc. lifted its position in shares of Deere & Company by 2.5% during the 2nd quarter. BlackRock Inc. now owns 17,125,313 shares of the industrial products company’s stock worth $2,116,517,000 after purchasing an additional 409,861 shares during the last quarter. Capital International Investors lifted its position in shares of Deere & Company by 35.4% during the 3rd quarter. Capital International Investors now owns 8,807,474 shares of the industrial products company’s stock worth $1,106,131,000 after purchasing an additional 2,300,531 shares during the last quarter. FMR LLC lifted its position in shares of Deere & Company by 18.3% during the 2nd quarter. FMR LLC now owns 5,032,313 shares of the industrial products company’s stock worth $621,943,000 after purchasing an additional 777,519 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its position in shares of Deere & Company by 21.2% during the 3rd quarter. Bank of New York Mellon Corp now owns 3,621,764 shares of the industrial products company’s stock worth $454,857,000 after purchasing an additional 634,001 shares during the last quarter. 67.75% of the stock is owned by institutional investors.

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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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