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.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, February 1st. Shareholders of record on Friday, December 29th will be given a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 1.43%. The ex-dividend date of this dividend is Thursday, December 28th. Deere & Company’s dividend payout ratio (DPR) is 36.09%.

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.

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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.

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

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