Investors sold shares of Deere & Co. (NYSE:DE) on strength during trading hours on Thursday following insider selling activity. $424.03 million flowed into the stock on the tick-up and $480.09 million flowed out of the stock on the tick-down, for a money net flow of $56.06 million out of the stock. Of all equities tracked, Deere & Co. had the 3rd highest net out-flow for the day. Deere & Co. traded up $10.16 for the day and closed at $102.17Specifically, insider John C. May II sold 18,614 shares of the firm’s stock in a transaction that occurred on Wednesday, November 23rd. The shares were sold at an average price of $96.46, for a total value of $1,795,506.44. Following the sale, the insider now owns 28,926 shares in the company, valued at $2,790,201.96. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.75% of the stock is currently owned by company insiders.

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

The company has a market cap of $32.12 billion, a PE ratio of 20.47 and a beta of 0.71. The firm’s 50-day moving average price is $88.69 and its 200-day moving average price is $84.01.

Deere & Co. (NYSE:DE) last issued its quarterly earnings results on Wednesday, November 23rd. The company reported $0.90 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.40 by $0.50. The company earned $6.52 billion during the quarter, compared to analyst estimates of $5.36 billion. Deere & Co. had a net margin of 5.92% and a return on equity of 22.73%. Deere & Co.’s quarterly revenue was down 4.8% compared to the same quarter last year. During the same period last year, the business earned $1.08 EPS. On average, equities analysts anticipate that Deere & Co. will post $4.32 EPS for the current year.

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

Hedge funds and other institutional investors have recently modified their holdings of the company. Washington Trust Bank raised its stake in 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 in the last quarter. Hartford Financial Management Inc. raised its stake in 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 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 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 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. Institutional investors own 70.14% of the company’s stock.

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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

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