Deere & Company (NYSE:DE) Insider Rajesh Kalathur Sells 12,151 Shares

Deere & Company (NYSE:DE) insider Rajesh Kalathur sold 12,151 shares of the firm’s stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $164.32, for a total transaction of $1,996,652.32. Following the completion of the sale, the insider now owns 55,178 shares of the company’s stock, valued at approximately $9,066,848.96. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Shares of NYSE DE traded up $1.77 on Wednesday, hitting $165.27. The company’s stock had a trading volume of 1,703,271 shares, compared to its average volume of 2,028,430. The stock has a 50 day moving average of $173.76 and a 200-day moving average of $161.41. The company has a market capitalization of $52.91 billion, a price-to-earnings ratio of 16.63, a price-to-earnings-growth ratio of 2.27 and a beta of 1.13. Deere & Company has a 12-month low of $132.68 and a 12-month high of $180.48. The company has a debt-to-equity ratio of 2.65, a current ratio of 2.04 and a quick ratio of 1.80.

Deere & Company (NYSE:DE) last issued its quarterly earnings data on Wednesday, November 27th. The industrial products company reported $2.14 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.13 by $0.01. Deere & Company had a net margin of 8.29% and a return on equity of 27.11%. The business had revenue of $8.70 billion during the quarter, compared to analysts’ expectations of $8.41 billion. During the same period last year, the company posted $2.30 EPS. The company’s revenue was up 4.3% on a year-over-year basis. Sell-side analysts expect that Deere & Company will post 9.89 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Monday, February 10th. Shareholders of record on Tuesday, December 31st will be issued a dividend of $0.76 per share. This represents a $3.04 dividend on an annualized basis and a yield of 1.84%. Deere & Company’s dividend payout ratio (DPR) is presently 30.58%.

Large investors have recently made changes to their positions in the business. DRW Securities LLC purchased a new position in Deere & Company during the second quarter worth about $227,000. Clarius Group LLC increased its stake in shares of Deere & Company by 6.3% during the 2nd quarter. Clarius Group LLC now owns 1,984 shares of the industrial products company’s stock valued at $329,000 after acquiring an additional 117 shares during the last quarter. Buckingham Asset Management LLC lifted its holdings in shares of Deere & Company by 6.4% during the 2nd quarter. Buckingham Asset Management LLC now owns 3,766 shares of the industrial products company’s stock worth $624,000 after acquiring an additional 226 shares during the period. Cetera Advisor Networks LLC lifted its holdings in shares of Deere & Company by 15.4% during the 2nd quarter. Cetera Advisor Networks LLC now owns 14,377 shares of the industrial products company’s stock worth $2,388,000 after acquiring an additional 1,917 shares during the period. Finally, Price T Rowe Associates Inc. MD lifted its holdings in shares of Deere & Company by 0.4% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 649,925 shares of the industrial products company’s stock worth $107,699,000 after acquiring an additional 2,598 shares during the period. Hedge funds and other institutional investors own 66.65% of the company’s stock.

DE has been the topic of a number of research analyst reports. Stephens began coverage on shares of Deere & Company in a report on Wednesday, August 14th. They set an “equal weight” rating and a $160.00 price objective on the stock. Bank of America cut shares of Deere & Company from a “neutral” rating to an “underperform” rating and dropped their target price for the company from $200.00 to $150.00 in a report on Monday. Citigroup reduced their price target on shares of Deere & Company from $200.00 to $195.00 and set a “buy” rating for the company in a research report on Monday. Argus reissued a “positive” rating and set a $185.00 price target on shares of Deere & Company in a research note on Tuesday. Finally, DZ Bank cut Deere & Company from a “hold” rating to a “sell” rating and set a $148.00 price target on the stock. in a report on Friday, November 29th. Four investment analysts have rated the stock with a sell rating, seven have issued a hold rating and eleven have given a buy rating to the company’s stock. Deere & Company has a consensus rating of “Hold” and a consensus target price of $172.37.

Deere & Company Company Profile

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.

Further Reading: Moving Average Convergence Divergence (MACD)

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.