Deere & Co. (NYSE:DE) insider Max A. Guinn sold 36,402 shares of the firm’s stock in a transaction dated Friday, November 25th. The stock was sold at an average price of $102.94, for a total transaction of $3,747,221.88. Following the completion of the transaction, the insider now owns 55,427 shares in the company, valued at $5,705,655.38. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Deere & Co. (NYSE:DE) opened at 101.70 on Tuesday. Deere & Co. has a one year low of $70.16 and a one year high of $104.83. The firm has a market capitalization of $31.98 billion, a PE ratio of 20.38 and a beta of 0.71. The firm has a 50 day moving average of $89.76 and a 200 day moving average of $84.31.

Deere & Co. (NYSE:DE) last issued its earnings results on Wednesday, November 23rd. The company reported $0.90 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.40 by $0.50. Deere & Co. had a net margin of 5.72% and a return on equity of 21.54%. The company had revenue of $6.52 billion for the quarter. During the same quarter in the prior year, the firm posted $1.08 EPS. The firm’s revenue for the quarter was down 4.8% on a year-over-year basis. Equities analysts forecast that Deere & Co. will post $4.32 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Tuesday, November 1st. Investors of record on Friday, September 30th were given a dividend of $0.60 per share. The ex-dividend date was Wednesday, September 28th. This represents a $2.40 annualized dividend and a yield of 2.36%. Deere & Co.’s dividend payout ratio (DPR) is 49.90%.

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A number of research firms have recently issued reports on DE. Wells Fargo & Co. restated an “outperform” rating and issued a $121.50 price target (up from $101.50) on shares of Deere & Co. in a research report on Monday. Piper Jaffray Cos. upgraded shares of Deere & Co. from an “underweight” rating to a “neutral” rating and raised their price target for the stock from $70.00 to $100.00 in a research report on Monday. Jefferies Group restated a “hold” rating and issued a $95.00 price target (up from $85.00) on shares of Deere & Co. in a research report on Monday. Zacks Investment Research upgraded shares of Deere & Co. from a “hold” rating to a “strong-buy” rating and set a $95.00 price target on the stock in a research report on Monday, September 12th. Finally, Longbow Research upgraded shares of Deere & Co. from an “underperform” rating to a “neutral” rating in a research report on Friday. Five analysts have rated the stock with a sell rating, twelve have issued a hold rating and ten have given a buy rating to the company’s stock. Deere & Co. has a consensus rating of “Hold” and a consensus price target of $90.24.

Hedge funds and other institutional investors have recently modified their holdings of the company. Commerzbank Aktiengesellschaft FI increased its position in shares of Deere & Co. by 505.3% in the second quarter. Commerzbank Aktiengesellschaft FI now owns 451,229 shares of the company’s stock valued at $36,568,000 after buying an additional 376,688 shares during the period. Pastel & Associes SA bought a new position in shares of Deere & Co. during the second quarter valued at about $12,030,000. Nuance Investments LLC increased its position in shares of Deere & Co. by 6.6% in the second quarter. Nuance Investments LLC now owns 501,626 shares of the company’s stock valued at $40,652,000 after buying an additional 31,111 shares during the period. Quantbot Technologies LP increased its position in shares of Deere & Co. by 599.0% in the second quarter. Quantbot Technologies LP now owns 34,029 shares of the company’s stock valued at $2,757,000 after buying an additional 29,161 shares during the period. Finally, Cidel Asset Management Inc. increased its position in shares of Deere & Co. by 6.2% in the second quarter. Cidel Asset Management Inc. now owns 125,909 shares of the company’s stock valued at $10,204,000 after buying an additional 7,379 shares during the period. Institutional investors and hedge funds own 71.68% of the company’s stock.

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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