Deere & Company (NYSE:DE) insider John C. May II sold 20,835 shares of Deere & Company stock in a transaction that occurred on Monday, December 11th. The shares were sold at an average price of $151.07, for a total value of $3,147,543.45. Following the transaction, the insider now directly owns 11,383 shares in the company, valued at approximately $1,719,629.81. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Shares of Deere & Company (NYSE DE) traded down $0.26 on Wednesday, hitting $151.07. The company’s stock had a trading volume of 1,699,100 shares, compared to its average volume of 2,380,992. The company has a market capitalization of $48,820.00, a price-to-earnings ratio of 22.79, a PEG ratio of 2.32 and a beta of 0.77. The company has a debt-to-equity ratio of 2.71, a quick ratio of 1.95 and a current ratio of 2.12. Deere & Company has a 52-week low of $100.05 and a 52-week high of $152.68.

Deere & Company (NYSE:DE) last issued its earnings results on Wednesday, November 22nd. The industrial products company reported $1.57 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.47 by $0.10. The firm had revenue of $7.09 billion for 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 business’s revenue was up 25.6% on a year-over-year basis. During the same period in the previous year, the company posted $0.90 earnings per share. equities analysts forecast that Deere & Company will post 7.94 EPS for the current year.

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

A number of analysts recently commented on DE shares. Bank of America lowered Deere & Company from a “buy” rating to a “neutral” rating and set a $145.00 price target on the stock. in a report on Tuesday, August 15th. BMO Capital Markets reiterated an “outperform” rating and set a $150.00 price target (up from $140.00) on shares of Deere & Company in a report on Wednesday, August 16th. Robert W. Baird lowered Deere & Company from an “outperform” rating to a “neutral” rating and dropped their price target for the stock from $140.00 to $130.00 in a report on Friday, August 18th. BidaskClub lowered Deere & Company from a “buy” rating to a “hold” rating in a report on Friday, August 18th. Finally, Credit Suisse Group set a $148.00 price target on Deere & Company and gave the stock a “buy” rating in a report on Friday, August 18th. Two 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 stock. Deere & Company has an average rating of “Hold” and a consensus price target of $143.68.

Several institutional investors and hedge funds have recently modified their holdings of the business. Shelton Capital Management grew its position 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 valued at $529,000 after purchasing an additional 504 shares in the last quarter. Steward Partners Investment Advisory LLC purchased a new position in shares of Deere & Company in the third quarter valued at $235,000. Public Employees Retirement System of Ohio grew its position 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 valued at $31,016,000 after purchasing an additional 1,698 shares in the last quarter. Americafirst Capital Management LLC grew its position 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 valued at $326,000 after purchasing an additional 1,408 shares in the last quarter. Finally, IFM Investors Pty Ltd purchased a new position in shares of Deere & Company in the third quarter valued at $963,000. Hedge funds and other institutional investors own 67.75% of the company’s stock.

ILLEGAL ACTIVITY NOTICE: This story was originally published by American Banking News and is the sole property of of American Banking News. If you are viewing this story on another website, it was copied illegally and reposted in violation of United States & international trademark and copyright legislation. The original version of this story can be accessed at https://www.americanbankingnews.com/2017/12/13/john-c-may-ii-sells-20835-shares-of-deere-company-de-stock.html.

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)

Receive News & Ratings for Deere & Company Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Deere & Company and related companies with MarketBeat.com's FREE daily email newsletter.