Deere & Company (NYSE:DE) COO John C. May II sold 16,468 shares of Deere & Company stock in a transaction on Friday, June 21st. The shares were sold at an average price of $163.21, for a total transaction of $2,687,742.28. Following the completion of the transaction, the chief operating officer now owns 60,550 shares in the company, valued at $9,882,365.50. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.
Shares of NYSE DE opened at $166.31 on Wednesday. The stock has a market cap of $52.08 billion, a price-to-earnings ratio of 17.71, a P/E/G ratio of 1.56 and a beta of 1.02. Deere & Company has a one year low of $128.32 and a one year high of $169.99. The stock’s fifty day moving average is $148.35. The company has a quick ratio of 1.66, a current ratio of 1.94 and a debt-to-equity ratio of 2.37.
Deere & Company (NYSE:DE) last issued its earnings results on Friday, May 17th. The industrial products company reported $3.52 EPS for the quarter, missing the consensus estimate of $3.57 by ($0.05). The company had revenue of $10.27 billion for the quarter, compared to analysts’ expectations of $10.19 billion. Deere & Company had a return on equity of 28.76% and a net margin of 8.52%. Deere & Company’s revenue for the quarter was up 5.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $3.14 earnings per share. As a group, equities research analysts forecast that Deere & Company will post 10.27 earnings per share for the current year.
Several institutional investors have recently added to or reduced their stakes in DE. Private Ocean LLC raised its stake in Deere & Company by 560.0% in the 1st quarter. Private Ocean LLC now owns 198 shares of the industrial products company’s stock valued at $32,000 after purchasing an additional 168 shares during the last quarter. Ellis Investment Partners LLC acquired a new position in Deere & Company in the 1st quarter valued at about $33,000. Field & Main Bank acquired a new position in Deere & Company in the 1st quarter valued at about $40,000. Berman Capital Advisors LLC acquired a new position in Deere & Company in the 4th quarter valued at about $44,000. Finally, Vestor Capital LLC acquired a new position in Deere & Company in the 4th quarter valued at about $45,000. Institutional investors and hedge funds own 68.04% of the company’s stock.
A number of equities analysts recently weighed in on the stock. Berenberg Bank assumed coverage on shares of Deere & Company in a research report on Thursday, May 9th. They issued a “hold” rating on the stock. Morgan Stanley lowered their price objective on shares of Deere & Company from $192.00 to $158.00 and set an “overweight” rating on the stock in a research report on Monday, May 20th. UBS Group lowered their price objective on shares of Deere & Company from $177.00 to $158.00 and set a “buy” rating on the stock in a research report on Thursday, May 23rd. Stifel Nicolaus lowered their price objective on shares of Deere & Company from $180.00 to $171.00 and set a “buy” rating on the stock in a research report on Monday, May 20th. Finally, Robert W. Baird lowered shares of Deere & Company from an “outperform” rating to a “neutral” rating and lowered their price objective for the company from $166.00 to $150.00 in a research report on Monday, May 13th. Two investment 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’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $167.17.
Deere & Company Company Profile
Deere & Company manufactures and distributes various equipment worldwide. The company operates through three segments: Agriculture and Turf, Construction and Forestry, and Financial Services. The Agriculture and Turf segment offers agriculture and turf equipment, and related parts, including large, medium, and utility tractors; tractor loaders; combines, cotton pickers, cotton strippers, and sugarcane harvesters; harvesting front-end equipment; sugarcane loaders and pull-behind scrapers; and tillage, seeding, and application equipment.
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