Deere & Company (NYSE:DE) Insider James M. Field Sells 12,637 Shares

Deere & Company (NYSE:DE) insider James M. Field sold 12,637 shares of the business’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of $180.00, for a total transaction of $2,274,660.00. Following the completion of the transaction, the insider now owns 113,858 shares in the company, valued at approximately $20,494,440. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

DE opened at $176.39 on Wednesday. Deere & Company has a 1-year low of $132.68 and a 1-year high of $180.48. The company has a current ratio of 1.99, a quick ratio of 1.73 and a debt-to-equity ratio of 2.38. The company has a market cap of $56.16 billion, a P/E ratio of 18.78, a price-to-earnings-growth ratio of 2.39 and a beta of 1.15. The company has a fifty day moving average price of $171.43 and a two-hundred day moving average price of $160.07.

Deere & Company (NYSE:DE) last posted its quarterly earnings results on Friday, August 16th. The industrial products company reported $2.71 earnings per share for the quarter, missing the consensus estimate of $2.80 by ($0.09). Deere & Company had a net margin of 8.55% and a return on equity of 27.75%. The company had revenue of $8.97 billion during the quarter, compared to the consensus estimate of $9.38 billion. During the same period last year, the firm posted $2.59 earnings per share. The company’s revenue for the quarter was down 3.4% on a year-over-year basis. On average, research analysts forecast that Deere & Company will post 9.96 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, November 8th. Shareholders of record on Monday, September 30th were paid a $0.76 dividend. This represents a $3.04 annualized dividend and a yield of 1.72%. The ex-dividend date of this dividend was Friday, September 27th. Deere & Company’s dividend payout ratio (DPR) is currently 32.37%.

Several equities analysts recently issued reports on DE shares. Deutsche Bank dropped their target price on shares of Deere & Company from $163.00 to $155.00 and set a “hold” rating on the stock in a report on Wednesday, August 14th. UBS Group boosted their target price on shares of Deere & Company from $160.00 to $180.00 and gave the company a “neutral” rating in a report on Monday. Wells Fargo & Co lowered shares of Deere & Company from an “outperform” rating to a “market perform” rating and set a $170.00 target price on the stock. in a report on Thursday, September 12th. Robert W. Baird set a $178.00 target price on shares of Deere & Company and gave the company a “buy” rating in a report on Wednesday, October 9th. Finally, Stephens started coverage on shares of Deere & Company in a report on Wednesday, August 14th. They issued an “equal weight” rating and a $160.00 target price on the stock. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and twelve have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $170.26.

Institutional investors and hedge funds have recently bought and sold shares of the business. Insight Wealth Strategies LLC increased its position in shares of Deere & Company by 15.3% during the third quarter. Insight Wealth Strategies LLC now owns 3,799 shares of the industrial products company’s stock worth $641,000 after acquiring an additional 505 shares in the last quarter. Corient Capital Partners LLC increased its position in shares of Deere & Company by 56.6% during the third quarter. Corient Capital Partners LLC now owns 9,138 shares of the industrial products company’s stock worth $1,541,000 after acquiring an additional 3,304 shares in the last quarter. Banco Santander S.A. increased its position in shares of Deere & Company by 164.9% during the third quarter. Banco Santander S.A. now owns 14,250 shares of the industrial products company’s stock worth $2,414,000 after acquiring an additional 8,870 shares in the last quarter. Eqis Capital Management Inc. increased its position in shares of Deere & Company by 9.6% during the third quarter. Eqis Capital Management Inc. now owns 6,357 shares of the industrial products company’s stock worth $1,072,000 after acquiring an additional 557 shares in the last quarter. Finally, Boston Advisors LLC bought a new stake in shares of Deere & Company during the third quarter worth about $218,000. 67.29% of the stock is owned by hedge funds and other institutional investors.

About Deere & Company

Deere & Company manufactures and distributes various equipment worldwide. The company operates through three segments: Agriculture and Turf, Construction and Forestry, and Financial Services. The Agriculture and Turf segment offers agriculture and turf equipment, and related parts, including large, medium, and utility tractors; tractor loaders; combines, cotton pickers, cotton strippers, and sugarcane harvesters; harvesting front-end equipment; sugarcane loaders and pull-behind scrapers; and tillage, seeding, and application equipment.

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