Traders sold shares of Deere & Co. (NYSE:DE) on strength during trading hours on Wednesday 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 companies tracked, Deere & Co. had the 0th 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 business’s stock in a transaction on Wednesday, November 23rd. The stock was sold at an average price of $96.46, for a total value of $1,795,506.44. Following the completion of the transaction, the insider now directly owns 28,926 shares of the company’s stock, valued at approximately $2,790,201.96. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 0.75% of the stock is owned by company insiders.

Several research analysts have recently commented on DE shares. Vetr raised Deere & Co. from a “hold” rating to a “buy” rating and set a $80.57 price target for the company in a research report on Monday, August 15th. BMO Capital Markets reissued an “outperform” rating and issued a $96.00 price target on shares of Deere & Co. in a research report on Thursday, August 18th. Jefferies Group reissued a “hold” rating and issued a $70.00 price target on shares of Deere & Co. in a research report on Friday, August 19th. Morgan Stanley boosted their price target on Deere & Co. from $70.00 to $76.00 and gave the stock an “underweight” rating in a research report on Monday, August 22nd. Finally, Barclays PLC reissued an “underweight” rating and issued a $63.00 price target on shares of Deere & Co. in a research report on Monday, August 22nd. Eight research analysts have rated the stock with a sell rating, nine have issued a hold rating and ten have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $84.60.

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

Deere & Co. (NYSE:DE) last posted its 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. Deere & Co. had a return on equity of 22.73% and a net margin of 5.92%. The business had revenue of $6.52 billion for the quarter, compared to analysts’ expectations of $5.38 billion. During the same quarter in the previous year, the firm earned $1.08 earnings per share. The business’s revenue was down 4.8% compared to the same quarter last year. Equities analysts expect that Deere & Co. will post $4.32 EPS for the current fiscal year.

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

Several hedge funds have recently bought and sold shares of the company. Rehmann Capital Advisory Group boosted its position in shares of Deere & Co. by 0.3% in the second quarter. Rehmann Capital Advisory Group now owns 2,693 shares of the company’s stock valued at $218,000 after buying an additional 8 shares during the period. Signaturefd LLC boosted its position in shares of Deere & Co. by 1.3% in the second quarter. Signaturefd LLC now owns 1,610 shares of the company’s stock valued at $130,000 after buying an additional 21 shares during the period. FineMark National Bank & Trust boosted its position in shares of Deere & Co. by 1.8% in the second quarter. FineMark National Bank & Trust now owns 1,451 shares of the company’s stock valued at $118,000 after buying an additional 26 shares during the period. Capital Investment Advisors LLC boosted its position in shares of Deere & Co. by 0.8% in the third quarter. Capital Investment Advisors LLC now owns 3,317 shares of the company’s stock valued at $283,000 after buying an additional 27 shares during the period. Finally, Pacific Global Investment Management CO boosted its position in shares of Deere & Co. by 0.3% in the second quarter. Pacific Global Investment Management CO now owns 9,468 shares of the company’s stock valued at $767,000 after buying an additional 31 shares during the period. Institutional investors and hedge funds own 70.14% of the company’s stock.

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About Deere & Co.

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.

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