Insider Selling: Deere & Company (DE) Insider Sells 22,095 Shares of Stock
Deere & Company (NYSE:DE) insider James M. Field sold 22,095 shares of the firm’s stock in a transaction dated Friday, January 12th. The stock was sold at an average price of $170.06, for a total transaction of $3,757,475.70. Following the completion of the sale, the insider now owns 95,832 shares of the company’s stock, valued at approximately $16,297,189.92. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.
Shares of Deere & Company (DE) opened at $167.90 on Friday. Deere & Company has a twelve month low of $104.92 and a twelve month high of $170.73. The firm has a market cap of $53,950.00, a PE ratio of 25.25, a P/E/G ratio of 2.51 and a beta of 0.77. 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 (NYSE:DE) last announced its quarterly earnings data on Wednesday, November 22nd. The industrial products company reported $1.57 earnings per share for the quarter, beating analysts’ consensus estimates of $1.47 by $0.10. Deere & Company had a net margin of 7.22% and a return on equity of 26.31%. The company had revenue of $7.09 billion during the quarter, compared to analyst estimates of $6.91 billion. During the same quarter last year, the business posted $0.90 EPS. The firm’s revenue for the quarter was up 25.6% on a year-over-year basis. equities analysts forecast that Deere & Company will post 8.13 earnings per share for the current fiscal year.
Several equities research analysts have recently issued reports on DE shares. Deutsche Bank raised their target price on shares of Deere & Company from $129.00 to $149.00 and gave the stock a “hold” rating in a report on Thursday, November 16th. Zacks Investment Research upgraded shares of Deere & Company from a “hold” rating to a “buy” rating and set a $150.00 target price for the company in a report on Thursday, November 2nd. ValuEngine upgraded shares of Deere & Company from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. Robert W. Baird upgraded shares of Deere & Company from a “neutral” rating to an “outperform” rating and raised their target price for the stock from $140.00 to $155.00 in a report on Tuesday, November 21st. Finally, Royal Bank of Canada restated a “sector perform” rating and issued a $155.00 target price (up previously from $134.00) on shares of Deere & Company in a report on Wednesday, November 22nd. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and fourteen have issued a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $149.78.
Hedge funds and other institutional investors have recently bought and sold shares of the business. QCI Asset Management Inc. NY increased its position in Deere & Company 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 purchasing an additional 150 shares during the period. Wealthcare Advisory Partners LLC purchased a new position in Deere & Company during the 3rd quarter valued at about $144,000. Harfst & Associates Inc. increased its position in Deere & Company 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 purchasing an additional 360 shares during the period. YorkBridge Wealth Partners LLC increased its position in Deere & Company 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 purchasing an additional 13 shares during the period. Finally, San Francisco Sentry Investment Group CA purchased a new position in Deere & Company during the 2nd quarter valued at about $155,000. 67.37% of the stock is currently owned by institutional investors and hedge funds.
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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