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.

Institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in shares of Deere & Company by 5.6% during the 2nd quarter. Vanguard Group Inc. now owns 21,593,762 shares of the industrial products company’s stock valued at $2,668,774,000 after buying an additional 1,153,484 shares during the period. BlackRock Inc. raised its holdings in shares of Deere & Company by 2.5% during the 2nd quarter. BlackRock Inc. now owns 17,125,313 shares of the industrial products company’s stock valued at $2,116,517,000 after buying an additional 409,861 shares during the period. Capital International Investors raised its holdings in shares of Deere & Company by 35.4% during the 3rd quarter. Capital International Investors now owns 8,807,474 shares of the industrial products company’s stock valued at $1,106,131,000 after buying an additional 2,300,531 shares during the period. FMR LLC raised its holdings in shares of Deere & Company by 18.3% during the 2nd quarter. FMR LLC now owns 5,032,313 shares of the industrial products company’s stock valued at $621,943,000 after buying an additional 777,519 shares during the period. Finally, Bank of New York Mellon Corp raised its holdings in shares of Deere & Company by 21.2% during the 3rd quarter. Bank of New York Mellon Corp now owns 3,621,764 shares of the industrial products company’s stock valued at $454,857,000 after buying an additional 634,001 shares during the period. Institutional investors own 67.75% of the company’s stock.

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.

WARNING: This piece of content was reported by The Cerbat Gem and is the property of of The Cerbat Gem. If you are accessing this piece of content on another domain, it was copied illegally and reposted in violation of US and international copyright and trademark legislation. The original version of this piece of content can be viewed at https://www.thecerbatgem.com/2017/12/02/james-m-field-sells-48427-shares-of-deere-company-de-stock.html.

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.

Insider Buying and Selling by Quarter for Deere & Company (NYSE:DE)

Receive News & Stock Ratings for Deere & Company Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Deere & Company and related stocks with our FREE daily email newsletter.