Insider Selling: Deere & Company (DE) Insider Sells 22,095 Shares of Stock
Deere & Company (NYSE:DE) insider James M. Field sold 22,095 shares of the company’s stock in a transaction that occurred on Friday, January 12th. The stock was sold at an average price of $170.06, for a total value of $3,757,475.70. Following the completion of the sale, the insider now owns 95,832 shares in the company, valued at approximately $16,297,189.92. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
Deere & Company (NYSE:DE) traded down $0.79 during midday trading on Tuesday, hitting $168.52. The stock had a trading volume of 833,252 shares, compared to its average volume of 2,601,867. The company has a market cap of $54,310.00, a PE ratio of 25.34, a price-to-earnings-growth ratio of 2.56 and a beta of 0.77. 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 has a 12-month low of $104.10 and a 12-month high of $170.73.
Deere & Company (NYSE:DE) last released its quarterly earnings results on Wednesday, November 22nd. The industrial products company reported $1.57 earnings per share for the quarter, beating the consensus estimate of $1.47 by $0.10. The firm had revenue of $7.09 billion for the quarter, compared to analysts’ expectations 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 was up 25.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.90 EPS. analysts expect that Deere & Company will post 8.06 EPS for the current fiscal year.
Several analysts recently weighed in on DE shares. BMO Capital Markets restated a “buy” rating and issued a $150.00 price target on shares of Deere & Company in a research note on Thursday, November 2nd. Wells Fargo & Co reaffirmed an “outperform” rating and issued a $200.00 price objective (up from $170.00) on shares of Deere & Company in a research report on Wednesday, January 10th. Barclays raised Deere & Company from a “sector perform” rating to an “outperform” rating and set a $171.00 price objective on the stock in a research report on Wednesday, January 10th. Robert W. Baird reaffirmed a “hold” rating and issued a $140.00 price objective on shares of Deere & Company in a research report on Thursday, October 12th. Finally, Credit Suisse Group reaffirmed a “buy” rating and issued a $162.00 price objective on shares of Deere & Company in a research report on Thursday, November 23rd. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and fourteen have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $148.63.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in DE. Beach Investment Management LLC. bought a new position in shares of Deere & Company during the 2nd quarter valued at $416,000. Capital Planning Advisors LLC lifted its holdings in shares of Deere & Company by 6.5% during the 2nd quarter. Capital Planning Advisors LLC now owns 2,642 shares of the industrial products company’s stock valued at $327,000 after buying an additional 162 shares during the period. Brighton Jones LLC bought a new position in shares of Deere & Company during the 2nd quarter valued at $224,000. Girard Partners LTD. bought a new position in shares of Deere & Company during the 2nd quarter valued at $210,000. Finally, OMERS ADMINISTRATION Corp bought a new position in shares of Deere & Company during the 2nd quarter valued at $4,746,000. 67.37% of the stock is currently owned by hedge funds and other 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.
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