Insider Selling: Deere & Company (NYSE:DE) Insider Sells 12,637 Shares of Stock

Deere & Company (NYSE:DE) insider James M. Field sold 12,637 shares of the business’s stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $180.00, for a total value of $2,274,660.00. Following the completion of the sale, the insider now owns 113,858 shares of the company’s stock, valued at approximately $20,494,440. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Shares of Deere & Company stock opened at $175.67 on Thursday. The company has a quick ratio of 1.73, a current ratio of 1.99 and a debt-to-equity ratio of 2.38. The company has a market cap of $56.16 billion, a PE ratio of 18.71, a P/E/G ratio of 2.39 and a beta of 1.15. The business has a 50 day moving average of $171.61 and a 200 day moving average of $160.11. Deere & Company has a 52 week low of $132.68 and a 52 week high of $180.48.

Deere & Company (NYSE:DE) last announced its earnings results on Friday, August 16th. The industrial products company reported $2.71 EPS for the quarter, missing analysts’ consensus estimates of $2.80 by ($0.09). The business had revenue of $8.97 billion for the quarter, compared to the consensus estimate of $9.38 billion. Deere & Company had a net margin of 8.55% and a return on equity of 27.75%. Deere & Company’s revenue was down 3.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.59 EPS. On average, research analysts anticipate that Deere & Company will post 9.96 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, November 8th. Investors of record on Monday, September 30th were issued a dividend of $0.76 per share. The ex-dividend date was Friday, September 27th. This represents a $3.04 dividend on an annualized basis and a dividend yield of 1.73%. Deere & Company’s dividend payout ratio is presently 32.37%.

Several analysts have weighed in on DE shares. Barclays set a $180.00 price objective on Deere & Company and gave the company a “buy” rating in a research report on Tuesday, October 15th. Credit Suisse Group reiterated an “outperform” rating and issued a $197.00 price objective (up previously from $176.00) on shares of Deere & Company in a research report on Monday, August 19th. Morgan Stanley boosted their price objective on Deere & Company from $177.00 to $180.00 and gave the company an “overweight” rating in a research report on Wednesday, October 9th. Robert W. Baird set a $178.00 price objective on Deere & Company and gave the company a “buy” rating in a research report on Wednesday, October 9th. Finally, Wells Fargo & Co downgraded Deere & Company from an “outperform” rating to a “market perform” rating and set a $170.00 price objective for the company. in a research report on Thursday, September 12th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and twelve have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $170.26.

Several institutional investors have recently made changes to their positions in DE. Benjamin Edwards Inc. raised its holdings in Deere & Company by 69.7% in the third quarter. Benjamin Edwards Inc. now owns 151 shares of the industrial products company’s stock worth $25,000 after purchasing an additional 62 shares in the last quarter. Atwater Malick LLC bought a new position in Deere & Company in the third quarter worth $27,000. SRS Capital Advisors Inc. bought a new position in Deere & Company in the second quarter worth $28,000. Arcus Capital Partners LLC bought a new position in Deere & Company in the second quarter worth $33,000. Finally, Orrstown Financial Services Inc. raised its holdings in Deere & Company by 116.0% in the second quarter. Orrstown Financial Services Inc. now owns 216 shares of the industrial products company’s stock worth $36,000 after purchasing an additional 116 shares in the last quarter. Institutional investors own 67.29% of the company’s stock.

About Deere & Company

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.

Read More: Earnings Per Share

Receive News & Ratings for Deere & Company Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Deere & Company and related companies with MarketBeat.com's FREE daily email newsletter.