Deere & Co. (NYSE:DE) insider John C. May II sold 18,614 shares of the business’s stock in a transaction dated Wednesday, November 23rd. The shares were sold at an average price of $96.46, for a total transaction of $1,795,506.44. Following the completion of the sale, the insider now directly owns 28,926 shares of the company’s stock, valued at approximately $2,790,201.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Deere & Co. (NYSE:DE) traded up 11.04% during midday trading on Wednesday, reaching $102.17. The company had a trading volume of 20,497,526 shares. The company has a 50-day moving average of $88.20 and a 200-day moving average of $83.88. The stock has a market capitalization of $32.12 billion, a PE ratio of 20.47 and a beta of 0.71. Deere & Co. has a 12-month low of $70.16 and a 12-month high of $102.50.

Deere & Co. (NYSE:DE) last announced its quarterly earnings results on Wednesday, November 23rd. The company reported $0.90 EPS for the quarter, topping the Zacks’ consensus estimate of $0.40 by $0.50. The business had revenue of $6.52 billion for the quarter, compared to analysts’ expectations of $5.38 billion. Deere & Co. had a return on equity of 22.73% and a net margin of 5.92%. The business’s quarterly revenue was down 4.8% on a year-over-year basis. During the same period in the previous year, the firm earned $1.08 EPS. On average, analysts predict that Deere & Co. will post $4.32 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Tuesday, November 1st. Shareholders of record on Friday, September 30th were paid a $0.60 dividend. The ex-dividend date of this dividend was Wednesday, September 28th. This represents a $2.40 dividend on an annualized basis and a yield of 2.35%. Deere & Co.’s dividend payout ratio (DPR) is currently 48.10%.

A number of research analysts recently commented on DE shares. Robert W. Baird raised Deere & Co. from a “neutral” rating to an “outperform” rating and boosted their price target for the company from $86.00 to $100.00 in a research note on Monday, October 31st. Piper Jaffray Cos. boosted their price target on Deere & Co. from $67.00 to $70.00 and gave the company an “underweight” rating in a research note on Monday, August 22nd. Mizuho downgraded Deere & Co. from a “buy” rating to a “neutral” rating in a research note on Wednesday, November 9th. Zacks Investment Research downgraded Deere & Co. from a “buy” rating to a “hold” rating in a research note on Tuesday, October 25th. Finally, Argus boosted their price target on Deere & Co. from $90.00 to $98.00 and gave the company a “buy” rating in a research note on Tuesday, August 23rd. Eight investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and ten have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $84.60.

Institutional investors have recently made changes to their positions in the company. Washington Trust Bank boosted its position in shares of Deere & Co. by 59.0% in the second quarter. Washington Trust Bank now owns 1,240 shares of the company’s stock worth $100,000 after buying an additional 460 shares during the period. Hartford Financial Management Inc. raised its stake in shares of Deere & Co. by 5.2% in the third quarter. Hartford Financial Management Inc. now owns 1,210 shares of the company’s stock worth $103,000 after buying an additional 60 shares in the last quarter. Jolley Asset Management LLC raised its stake in shares of Deere & Co. by 14.0% in the third quarter. Jolley Asset Management LLC now owns 1,225 shares of the company’s stock worth $105,000 after buying an additional 150 shares in the last quarter. CWM LLC raised its stake in shares of Deere & Co. by 94.6% in the third quarter. CWM LLC now owns 1,234 shares of the company’s stock worth $105,000 after buying an additional 600 shares in the last quarter. Finally, Cornerstone Advisors Inc. raised its stake in shares of Deere & Co. by 6.0% in the third quarter. Cornerstone Advisors Inc. now owns 1,268 shares of the company’s stock worth $108,000 after buying an additional 72 shares in the last quarter. 70.14% of the stock is currently owned by institutional investors and hedge funds.

TRADEMARK VIOLATION WARNING: This story was first posted by The Cerbat Gem and is owned by of The Cerbat Gem. If you are viewing this story on another domain, it was illegally stolen and reposted in violation of international trademark and copyright law. The original version of this story can be accessed at https://www.thecerbatgem.com/2016/11/23/insider-selling-deere-co-de-insider-sells-18614-shares-of-stock.html.

Deere & Co. Company Profile

Deere & Company is engaged in equipment operations and financial services. The Company operates through three business segments: agriculture and turf, construction and forestry, and financial services. The Company’s agriculture and turf segment primarily manufactures and distributes a full line of agriculture and turf equipment and related service parts.

5 Day Chart for NYSE:DE

Receive News & Stock Ratings for Deere & Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Deere & Co. and related stocks with our FREE daily email newsletter.