Deere & Company (NYSE:DE) insider Cory J. Reed sold 6,416 shares of Deere & Company stock in a transaction that occurred on Wednesday, December 13th. The shares were sold at an average price of $151.54, for a total transaction of $972,280.64. Following the completion of the transaction, the insider now directly owns 11,383 shares in the company, valued at $1,724,979.82. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Shares of Deere & Company (DE) opened at $149.44 on Friday. The firm has a market cap of $48,821.06, a price-to-earnings ratio of 22.88, a price-to-earnings-growth ratio of 2.33 and a beta of 0.77. Deere & Company has a one year low of $100.05 and a one year high of $153.34. The company has a debt-to-equity ratio of 2.71, a quick ratio of 1.95 and a current ratio of 2.12.

Deere & Company (NYSE:DE) last posted its earnings results on Wednesday, November 22nd. The industrial products company reported $1.57 earnings per share for the quarter, topping analysts’ consensus estimates of $1.47 by $0.10. The firm had revenue of $7.09 billion for the quarter, compared to analysts’ expectations of $6.91 billion. Deere & Company had a net margin of 7.22% and a return on equity of 26.31%. The company’s revenue was up 25.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.90 earnings per share. sell-side analysts expect that Deere & Company will post 7.94 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, February 1st. Stockholders of record on Friday, December 29th will be issued a dividend of $0.60 per share. The ex-dividend date of this dividend is Thursday, December 28th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.61%. Deere & Company’s dividend payout ratio (DPR) is presently 36.14%.

Several large investors have recently modified their holdings of the company. QCI Asset Management Inc. NY lifted its holdings in Deere & Company by 18.8% in the second 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 during the period. Arrow Financial Corp raised its holdings in shares of Deere & Company by 5.2% during the second quarter. Arrow Financial Corp now owns 1,010 shares of the industrial products company’s stock valued at $125,000 after purchasing an additional 50 shares during the period. Wealthcare Advisory Partners LLC acquired a new position in shares of Deere & Company during the third quarter valued at about $144,000. Harfst & Associates Inc. raised its holdings in shares of Deere & Company by 44.2% during the second quarter. Harfst & Associates Inc. now owns 1,175 shares of the industrial products company’s stock valued at $145,000 after purchasing an additional 360 shares during the period. Finally, YorkBridge Wealth Partners LLC raised its holdings in shares of Deere & Company by 1.1% during the second quarter. YorkBridge Wealth Partners LLC now owns 1,236 shares of the industrial products company’s stock valued at $154,000 after purchasing an additional 13 shares during the period. Institutional investors own 67.75% of the company’s stock.

A number of research analysts recently issued reports on the stock. Argus reissued a “buy” rating and issued a $140.00 price objective on shares of Deere & Company in a research note on Tuesday, August 22nd. Zacks Investment Research cut shares of Deere & Company from a “buy” rating to a “hold” rating in a research note on Monday, August 21st. Deutsche Bank lifted their price objective on shares of Deere & Company from $129.00 to $149.00 and gave the company a “hold” rating in a research note on Thursday, November 16th. Credit Suisse Group cut shares of Deere & Company from a “neutral” rating to an “outperform” rating in a research note on Tuesday, August 22nd. Finally, Jefferies Group reissued a “hold” rating and issued a $150.00 price objective on shares of Deere & Company in a research note on Thursday, November 23rd. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and thirteen have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $143.68.

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About Deere & Company

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)

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