James M. Field Sells 48,427 Shares of Deere & Company (DE) Stock
Deere & Company (NYSE:DE) insider James M. Field sold 48,427 shares of the company’s stock in a transaction that occurred on Tuesday, November 28th. The stock was sold at an average price of $147.98, for a total value of $7,166,227.46. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
Shares of Deere & Company (NYSE DE) traded up $0.08 during trading hours on Friday, reaching $149.94. The company’s stock had a trading volume of 2,022,456 shares, compared to its average volume of 2,681,692. The company has a current ratio of 2.12, a quick ratio of 1.95 and a debt-to-equity ratio of 2.71. Deere & Company has a 12-month low of $100.05 and a 12-month high of $150.75. The firm has a market cap of $48,149.55, a price-to-earnings ratio of 22.57, a price-to-earnings-growth ratio of 2.31 and a beta of 0.76.
Deere & Company (NYSE:DE) last issued its quarterly earnings results on Wednesday, November 22nd. The industrial products company reported $1.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.47 by $0.10. Deere & Company had a return on equity of 26.31% and a net margin of 7.22%. The firm had revenue of $7.09 billion for the quarter, compared to analyst estimates of $6.91 billion. During the same period last year, the company earned $0.90 EPS. The firm’s quarterly revenue was up 25.6% on a year-over-year basis. equities analysts predict that Deere & Company will post 7.9 earnings per share for the current year.
Several research firms have issued reports on DE. Jefferies Group reiterated a “hold” rating and issued a $125.00 price objective on shares of Deere & Company in a research report on Wednesday, August 9th. Wells Fargo & Company reissued a “buy” rating and issued a $170.00 target price on shares of Deere & Company in a report on Thursday, November 23rd. Stifel Nicolaus upped their target price on Deere & Company to $161.00 and gave the company a “buy” rating in a report on Monday, November 27th. Citigroup reissued a “buy” rating and issued a $165.00 target price on shares of Deere & Company in a report on Friday, November 24th. Finally, Deutsche Bank reissued a “hold” rating and issued a $139.00 target price (up previously from $135.00) on shares of Deere & Company in a report on Friday, August 11th. Three analysts have rated the stock with a sell rating, nine have issued a hold rating and twelve have issued a buy rating to the stock. Deere & Company presently has an average rating of “Hold” and a consensus price target of $140.33.
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Deere & Company Company Profile
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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