Deere & Company (NYSE:DE) insider Rajesh Kalathur sold 10,760 shares of the stock in a transaction dated Wednesday, July 29th. The stock was sold at an average price of $180.00, for a total transaction of $1,936,800.00. Following the completion of the sale, the insider now directly owns 62,131 shares in the company, valued at $11,183,580. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

Rajesh Kalathur also recently made the following trade(s):

  • On Thursday, July 16th, Rajesh Kalathur sold 7,379 shares of Deere & Company stock. The stock was sold at an average price of $175.00, for a total transaction of $1,291,325.00.

Shares of DE opened at $178.04 on Friday. Deere & Company has a 1 year low of $106.14 and a 1 year high of $181.99. The company has a market cap of $56.39 billion, a price-to-earnings ratio of 20.98, a price-to-earnings-growth ratio of 4.14 and a beta of 0.95. The company has a debt-to-equity ratio of 2.89, a quick ratio of 1.95 and a current ratio of 2.20. The firm has a fifty day moving average of $162.21 and a 200-day moving average of $153.29.

Deere & Company (NYSE:DE) last announced its quarterly earnings results on Friday, May 22nd. The industrial products company reported $2.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.62 by $0.49. The company had revenue of $8.22 billion during the quarter, compared to the consensus estimate of $7.68 billion. Deere & Company had a net margin of 7.62% and a return on equity of 23.01%. The company’s revenue for the quarter was down 19.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.52 earnings per share. Analysts predict that Deere & Company will post 6.22 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, August 10th. Shareholders of record on Tuesday, June 30th will be given a $0.76 dividend. This represents a $3.04 annualized dividend and a yield of 1.71%. The ex-dividend date is Monday, June 29th. Deere & Company’s dividend payout ratio (DPR) is presently 30.58%.

A number of analysts recently weighed in on the stock. William Blair raised shares of Deere & Company from a “market perform” rating to an “outperform” rating in a research report on Thursday, May 28th. Citigroup increased their price objective on shares of Deere & Company from $155.00 to $165.00 and gave the stock a “neutral” rating in a research report on Thursday, June 18th. Deutsche Bank raised shares of Deere & Company to a “buy” rating and set a $186.00 price objective on the stock in a research report on Tuesday, June 30th. Zacks Investment Research raised shares of Deere & Company from a “hold” rating to a “strong-buy” rating and set a $202.00 price objective on the stock in a research report on Tuesday. Finally, Jefferies Financial Group raised their target price on shares of Deere & Company from $165.00 to $200.00 and gave the stock a “buy” rating in a research report on Friday, July 17th. One research analyst has rated the stock with a sell rating, five have given a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $177.15.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Wealthcare Advisory Partners LLC raised its holdings in Deere & Company by 3.2% during the 2nd quarter. Wealthcare Advisory Partners LLC now owns 1,822 shares of the industrial products company’s stock worth $286,000 after buying an additional 57 shares during the period. Telos Capital Management Inc. grew its stake in Deere & Company by 1.5% during the 2nd quarter. Telos Capital Management Inc. now owns 5,116 shares of the industrial products company’s stock valued at $804,000 after acquiring an additional 74 shares in the last quarter. Ziegler Capital Management LLC grew its stake in Deere & Company by 1.3% during the 2nd quarter. Ziegler Capital Management LLC now owns 6,106 shares of the industrial products company’s stock valued at $960,000 after acquiring an additional 76 shares in the last quarter. Tarbox Family Office Inc. grew its stake in shares of Deere & Company by 1.7% in the 1st quarter. Tarbox Family Office Inc. now owns 4,725 shares of the industrial products company’s stock valued at $653,000 after buying an additional 77 shares in the last quarter. Finally, Baystate Wealth Management LLC grew its stake in shares of Deere & Company by 32.6% in the 2nd quarter. Baystate Wealth Management LLC now owns 321 shares of the industrial products company’s stock valued at $51,000 after buying an additional 79 shares in the last quarter. Hedge funds and other institutional investors own 67.00% of the company’s stock.

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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Insider Buying and Selling by Quarter for Deere & Company (NYSE:DE)

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