James M. Field Sells 22,095 Shares of Deere & Company (DE) Stock

Deere & Company (NYSE:DE) insider James M. Field sold 22,095 shares of Deere & Company stock in a transaction on Friday, January 12th. The shares were sold at an average price of $170.06, for a total value of $3,757,475.70. Following the completion of the transaction, the insider now owns 95,832 shares in the company, valued at approximately $16,297,189.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Shares of Deere & Company (NYSE:DE) opened at $167.43 on Thursday. Deere & Company has a 52-week low of $104.45 and a 52-week high of $170.73. The stock has a market capitalization of $53,790.00, a PE ratio of 25.18, a PEG ratio of 2.54 and a beta of 0.77. 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 announced its earnings results on Wednesday, November 22nd. The industrial products company reported $1.57 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.47 by $0.10. Deere & Company had a return on equity of 26.31% and a net margin of 7.22%. The business had revenue of $7.09 billion for the quarter, compared to analyst estimates of $6.91 billion. During the same period in the previous year, the company earned $0.90 earnings per share. The company’s revenue for the quarter was up 25.6% compared to the same quarter last year. research analysts predict that Deere & Company will post 8.13 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, February 1st. Stockholders 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 dividend yield of 1.43%. The ex-dividend date is Thursday, December 28th. Deere & Company’s payout ratio is 36.09%.

DE has been the topic of a number of research analyst reports. Deutsche Bank reiterated a “hold” rating and issued a $129.00 target price (down previously from $135.00) on shares of Deere & Company in a report on Monday, October 9th. Robert W. Baird restated a “hold” rating and set a $140.00 price objective on shares of Deere & Company in a research note on Thursday, October 12th. BMO Capital Markets restated a “buy” rating and set a $150.00 price objective on shares of Deere & Company in a research note on Thursday, November 2nd. Zacks Investment Research upgraded Deere & Company from a “hold” rating to a “buy” rating and set a $150.00 price objective on the stock in a research note on Thursday, November 2nd. Finally, Royal Bank of Canada restated a “sector perform” rating and set a $155.00 price objective (up previously from $134.00) on shares of Deere & Company in a research note on Wednesday, November 22nd. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and fourteen have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $149.78.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Beach Investment Management LLC. bought a new stake in Deere & Company in the second quarter valued at about $416,000. Capital Planning Advisors LLC grew its holdings in shares of Deere & Company by 6.5% during the second quarter. Capital Planning Advisors LLC now owns 2,642 shares of the industrial products company’s stock valued at $327,000 after purchasing an additional 162 shares during the last quarter. Brighton Jones LLC bought a new position in shares of Deere & Company during the second quarter valued at approximately $224,000. Girard Partners LTD. bought a new position in shares of Deere & Company during the second quarter valued at approximately $210,000. Finally, OMERS ADMINISTRATION Corp bought a new position in shares of Deere & Company during the second quarter valued at approximately $4,746,000. 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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