Insider Selling: Deere & Company (DE) VP Sells 20,086 Shares of Stock

Deere & Company (NYSE:DE) VP Mary K.W. Jones sold 20,086 shares of the company’s stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $172.25, for a total value of $3,459,813.50. Following the transaction, the vice president now directly owns 62,299 shares in the company, valued at $10,731,002.75. The sale was disclosed in a filing with the SEC, which is available through this link.

Mary K.W. Jones also recently made the following trade(s):

  • On Tuesday, January 9th, Mary K.W. Jones sold 10,220 shares of Deere & Company stock. The shares were sold at an average price of $165.06, for a total value of $1,686,913.20.
  • On Tuesday, November 28th, Mary K.W. Jones sold 34,136 shares of Deere & Company stock. The shares were sold at an average price of $124.72, for a total value of $4,257,441.92.

Deere & Company (NYSE:DE) traded down $2.98 during trading on Tuesday, reaching $166.46. The company had a trading volume of 1,649,475 shares, compared to its average volume of 2,424,601. The firm has a market capitalization of $54,770.00, a price-to-earnings ratio of 24.92, a price-to-earnings-growth ratio of 2.50 and a beta of 0.75. Deere & Company has a 12-month low of $106.72 and a 12-month high of $175.26. The company has a debt-to-equity ratio of 2.85, a quick ratio of 1.69 and a current ratio of 1.98.

Deere & Company (NYSE:DE) last posted its earnings results on Friday, February 16th. The industrial products company reported $1.31 EPS for the quarter, topping the consensus estimate of $1.16 by $0.15. The firm had revenue of $5.97 billion for the quarter, compared to analyst estimates of $6.41 billion. Deere & Company had a return on equity of 27.18% and a net margin of 4.57%. Deere & Company’s revenue for the quarter was up 27.2% compared to the same quarter last year. During the same period last year, the company earned $0.61 earnings per share. sell-side analysts anticipate that Deere & Company will post 8.27 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Thursday, February 1st. Investors of record on Friday, December 29th were issued a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 1.44%. The ex-dividend date was Thursday, December 28th. Deere & Company’s dividend payout ratio (DPR) is 35.93%.

Several research analysts recently issued reports on DE shares. BMO Capital Markets reaffirmed a “buy” rating and set a $150.00 target price on shares of Deere & Company in a research report on Thursday, November 2nd. Wells Fargo & Co reaffirmed an “outperform” rating and set a $200.00 target price (up from $170.00) on shares of Deere & Company in a research report on Wednesday, January 10th. Piper Jaffray Companies reaffirmed a “neutral” rating and set a $160.00 target price (up from $142.00) on shares of Deere & Company in a research report on Thursday, February 15th. ValuEngine raised Deere & Company from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Finally, Barclays raised Deere & Company from a “sector perform” rating to an “outperform” rating and set a $171.00 price objective on the stock in a report on Wednesday, January 10th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and thirteen have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $168.65.

A number of institutional investors have recently bought and sold shares of DE. LeJeune Puetz Investment Counsel LLC acquired a new stake in Deere & Company during the fourth quarter worth about $101,000. Icon Wealth Partners LLC acquired a new stake in Deere & Company during the fourth quarter worth about $110,000. Cerebellum GP LLC acquired a new stake in Deere & Company during the fourth quarter worth about $132,000. TCI Wealth Advisors Inc. grew its holdings in Deere & Company by 107.3% during the fourth quarter. TCI Wealth Advisors Inc. now owns 885 shares of the industrial products company’s stock worth $139,000 after acquiring an additional 458 shares during the period. Finally, Wealthcare Advisory Partners LLC acquired a new stake in Deere & Company during the third quarter worth about $144,000. 66.24% of the stock is currently owned by hedge funds and other institutional investors.

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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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