Deere & Company (DE) Sets New 12-Month High at $137.12
Shares of Deere & Company (NYSE:DE) hit a new 52-week high during trading on Monday . The stock traded as high as $137.12 and last traded at $135.77, with a volume of 1964900 shares traded. The stock had previously closed at $134.61.
A number of equities analysts recently issued reports on DE shares. ValuEngine upgraded Deere & from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Deutsche Bank AG reiterated a “hold” rating and issued a $139.00 target price (up from $135.00) on shares of Deere & in a report on Friday, August 11th. Jefferies Group LLC reiterated a “hold” rating and issued a $125.00 target price on shares of Deere & in a report on Wednesday, August 9th. Zacks Investment Research upgraded Deere & from a “hold” rating to a “buy” rating and set a $150.00 target price on the stock in a report on Thursday, November 2nd. Finally, Goldman Sachs Group, Inc. (The) reiterated a “buy” rating on shares of Deere & in a report on Sunday, August 20th. Three equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and eleven have issued a buy rating to the stock. Deere & has a consensus rating of “Hold” and an average target price of $130.83.
The company has a market capitalization of $43,991.97, a P/E ratio of 22.93, a P/E/G ratio of 2.46 and a beta of 0.73. The company has a debt-to-equity ratio of 2.76, a current ratio of 2.10 and a quick ratio of 1.90.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 1st. Stockholders of record on Friday, September 29th were paid a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.72%. The ex-dividend date of this dividend was Thursday, September 28th. Deere &’s payout ratio is 40.20%.
In related news, insider Max A. Guinn sold 7,174 shares of Deere & stock in a transaction dated Friday, October 27th. The stock was sold at an average price of $132.98, for a total value of $953,998.52. Following the completion of the sale, the insider now owns 49,562 shares of the company’s stock, valued at approximately $6,590,754.76. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider John C. May II sold 22,095 shares of Deere & stock in a transaction dated Monday, October 2nd. The stock was sold at an average price of $127.04, for a total value of $2,806,948.80. Following the completion of the sale, the insider now directly owns 51,429 shares of the company’s stock, valued at approximately $6,533,540.16. The disclosure for this sale can be found here. In the last three months, insiders sold 102,684 shares of company stock valued at $13,270,809. 0.75% of the stock is currently owned by insiders.
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. QCI Asset Management Inc. NY grew its holdings in Deere & by 18.8% during the 2nd quarter. QCI Asset Management Inc. NY now owns 950 shares of the industrial products company’s stock valued at $117,000 after buying an additional 150 shares in the last quarter. Arrow Financial Corp grew its holdings in Deere & by 5.2% during the 2nd quarter. Arrow Financial Corp now owns 1,010 shares of the industrial products company’s stock valued at $125,000 after buying an additional 50 shares in the last quarter. Wealthcare Advisory Partners LLC purchased a new position in Deere & during the 3rd quarter valued at about $144,000. Harfst & Associates Inc. grew its holdings in Deere & by 44.2% during the 2nd quarter. Harfst & Associates Inc. now owns 1,175 shares of the industrial products company’s stock valued at $145,000 after buying an additional 360 shares in the last quarter. Finally, YorkBridge Wealth Partners LLC grew its holdings in Deere & by 1.1% during the 2nd quarter. YorkBridge Wealth Partners LLC now owns 1,236 shares of the industrial products company’s stock valued at $154,000 after buying an additional 13 shares in the last quarter. 67.05% of the stock is owned by institutional investors.
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About Deere &
Deere & Company is engaged in equipment operations. The Company is engaged in providing financial services. The Company operates through three business segments: agriculture and turf, construction and forestry, and financial services. The agriculture and turf segment manufactures and distributes a line of agriculture and turf equipment and related service parts.
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