Deere & Company (NYSE:DE) insider Max A. Guinn sold 11,235 shares of the business’s stock in a transaction that occurred on Tuesday, January 16th. The shares were sold at an average price of $168.68, for a total transaction of $1,895,119.80. Following the transaction, the insider now directly owns 39,406 shares of the company’s stock, valued at approximately $6,647,004.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Deere & Company (NYSE:DE) traded down $1.76 during mid-day trading on Tuesday, reaching $167.54. 2,011,811 shares of the company’s stock were exchanged, compared to its average volume of 2,543,099. The company has a current ratio of 2.12, a quick ratio of 1.95 and a debt-to-equity ratio of 2.71. Deere & Company has a fifty-two week low of $104.10 and a fifty-two week high of $170.73. The stock has a market cap of $53,830.00, a PE ratio of 25.19, a PEG ratio of 2.56 and a beta of 0.77.

Deere & Company (NYSE:DE) last announced its quarterly earnings data 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. Deere & Company had a net margin of 7.22% and a return on equity of 26.31%. The company had revenue of $7.09 billion during the quarter, compared to analysts’ expectations of $6.91 billion. During the same quarter in the prior year, the company earned $0.90 EPS. The firm’s revenue was up 25.6% on a year-over-year basis. sell-side analysts forecast that Deere & Company will post 8.06 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, February 1st. Stockholders of record on Friday, December 29th will be paid a $0.60 dividend. The ex-dividend date of this dividend is Thursday, December 28th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.43%. Deere & Company’s dividend payout ratio (DPR) is 36.09%.

Several institutional investors have recently made changes to their positions in DE. Beach Investment Management LLC. purchased a new stake in shares of Deere & Company in the 2nd quarter valued at $416,000. Capital Planning Advisors LLC raised its holdings in 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 last quarter. Brighton Jones LLC bought a new stake in Deere & Company during the 2nd quarter valued at $224,000. Girard Partners LTD. bought a new stake in Deere & Company during the 2nd quarter valued at $210,000. Finally, OMERS ADMINISTRATION Corp bought a new stake in Deere & Company during the 2nd quarter valued at $4,746,000. 67.37% of the stock is owned by institutional investors.

DE has been the subject of several recent analyst reports. Deutsche Bank raised shares of Deere & Company from a “hold” rating to a “buy” rating and boosted their price objective for the company from $149.00 to $167.00 in a research note on Thursday, November 23rd. Zacks Investment Research raised shares of Deere & Company from a “hold” rating to a “buy” rating and set a $150.00 price objective for the company in a research note on Thursday, November 2nd. Barclays assumed coverage on shares of Deere & Company in a research note on Tuesday, December 12th. They set an “overweight” rating and a $167.00 price objective for the company. Credit Suisse Group reissued a “buy” rating and issued a $162.00 price target on shares of Deere & Company in a research note on Thursday, November 23rd. Finally, BMO Capital Markets reissued a “buy” rating and issued a $150.00 price target on shares of Deere & Company in a research note on Thursday, November 2nd. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and fourteen have given a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $148.63.

COPYRIGHT VIOLATION WARNING: This piece was first posted by American Banking News and is the sole property of of American Banking News. If you are reading this piece on another website, it was stolen and reposted in violation of United States & international trademark and copyright law. The legal version of this piece can be accessed at https://www.americanbankingnews.com/2018/01/16/max-a-guinn-sells-11235-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.