Todays Report: Today: Deere & Company (DE) Insider Sold $3,747,221.88 in Stock

Today: Deere & Company (DE) Insider Sold $3,747,221.88 in Stock

Deere & Company (NYSE:DE) insider Max A. Guinn sold 36,402 shares of the company’s stock in a transaction dated Friday, November 25th. The shares were sold at an average price of $102.94, for a total transaction of $3,747,221.88. Following the completion of the transaction, the insider now owns 55,427 shares in the company, valued at approximately $5,705,655.38. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Deere & Company (NYSE:DE) traded down 2.14% during midday trading on Monday, reaching $101.70. 4,903,062 shares of the company’s stock were exchanged. The firm has a 50-day moving average price of $89.32 and a 200 day moving average price of $84.18. The company has a market cap of $31.98 billion, a price-to-earnings ratio of 20.38 and a beta of 0.71. Deere & Company has a 12-month low of $70.16 and a 12-month high of $104.83.

Deere & Company (NYSE:DE) last announced its earnings results on Wednesday, November 23rd. The company reported $0.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.40 by $0.50. Deere & Company had a net margin of 5.72% and a return on equity of 21.54%. The business earned $6.52 billion during the quarter. During the same quarter in the previous year, the firm earned $1.08 earnings per share. The company’s revenue for the quarter was down 4.8% compared to the same quarter last year. On average, analysts expect that Deere & Company will post $4.32 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Tuesday, November 1st. Shareholders of record on Friday, September 30th were given a dividend of $0.60 per share. The ex-dividend date of this dividend was Wednesday, September 28th. This represents a $2.40 annualized dividend and a yield of 2.36%. Deere & Company’s payout ratio is presently 49.90%.

A number of large investors have recently made changes to their positions in the stock. Washington Trust Bank raised its stake in shares of Deere & Company by 59.0% in the second quarter. Washington Trust Bank now owns 1,240 shares of the company’s stock worth $100,000 after buying an additional 460 shares during the last quarter. Hartford Financial Management Inc. raised its stake in Deere & Company by 5.2% in the third quarter. Hartford Financial Management Inc. now owns 1,210 shares of the company’s stock worth $103,000 after buying an additional 60 shares in the last quarter. Jolley Asset Management LLC raised its stake in Deere & Company by 14.0% in the third quarter. Jolley Asset Management LLC now owns 1,225 shares of the company’s stock worth $105,000 after buying an additional 150 shares in the last quarter. CWM LLC raised its stake in Deere & Company by 94.6% in the third quarter. CWM LLC now owns 1,234 shares of the company’s stock worth $105,000 after buying an additional 600 shares in the last quarter. Finally, Cornerstone Advisors Inc. raised its stake in Deere & Company by 6.0% in the third quarter. Cornerstone Advisors Inc. now owns 1,268 shares of the company’s stock worth $108,000 after buying an additional 72 shares in the last quarter. Institutional investors and hedge funds own 71.68% of the company’s stock.

DE has been the subject of a number of recent research reports. Wells Fargo & Co. raised shares of Deere & Company from a “market perform” rating to an “outperform” rating in a report on Monday, October 10th. Clarkson Capital raised shares of Deere & Company from a “neutral” rating to a “buy” rating in a report on Tuesday, October 18th. Barclays PLC boosted their price objective on shares of Deere & Company from $63.00 to $68.00 and gave the company an “underweight” rating in a report on Wednesday, October 12th. Argus boosted their price objective on shares of Deere & Company from $90.00 to $98.00 and gave the company a “buy” rating in a report on Tuesday, August 23rd. Finally, Jefferies Group cut their price objective on shares of Deere & Company from $90.00 to $85.00 and set a “hold” rating for the company in a report on Thursday, August 25th. Five investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and ten have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $90.24.

About Deere & Company

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