John C. May II Sells 20,835 Shares of Deere & Company (DE) Stock
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.
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.
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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