Deere & Target of Unusually High Options Trading (DE)
Deere & Company (NYSE:DE) saw unusually large options trading activity on Monday. Stock investors purchased 731 call options on the stock. This represents an increase of 255% compared to the average volume of 206 call options.
Several research firms have commented on DE. ValuEngine raised shares of Deere & from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. BidaskClub lowered shares of Deere & from a “hold” rating to a “sell” rating in a research report on Saturday, August 26th. Piper Jaffray Companies set a $119.00 price target on shares of Deere & and gave the company a “hold” rating in a research report on Friday, August 25th. Stifel Nicolaus set a $135.00 price target on shares of Deere & and gave the company a “buy” rating in a research report on Wednesday, August 23rd. Finally, Argus reissued a “buy” rating and set a $140.00 price target on shares of Deere & in a research report on Tuesday, August 22nd. Three equities research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and ten have given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $127.76.
Deere & (NYSE DE) opened at 128.13 on Friday. Deere & has a one year low of $85.27 and a one year high of $132.50. The company has a 50-day moving average of $120.25 and a 200 day moving average of $119.88. The firm has a market cap of $41.17 billion, a P/E ratio of 21.28 and a beta of 0.69.
Deere & (NYSE:DE) last released its quarterly earnings results on Friday, August 18th. The industrial products company reported $1.97 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.93 by $0.04. Deere & had a return on equity of 25.96% and a net margin of 6.81%. The business had revenue of $6.83 billion during the quarter, compared to analysts’ expectations of $6.92 billion. During the same quarter in the prior year, the business earned $1.55 earnings per share. The company’s quarterly revenue was up 16.6% compared to the same quarter last year. Equities research analysts expect that Deere & will post $6.52 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 1st. Stockholders of record on Friday, September 29th will be paid a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 1.87%. The ex-dividend date is Thursday, September 28th. Deere &’s dividend payout ratio (DPR) is presently 40.20%.
In other Deere & news, insider Jean H. Gilles sold 12,361 shares of the stock in a transaction dated Friday, August 4th. The shares were sold at an average price of $129.90, for a total transaction of $1,605,693.90. Following the transaction, the insider now directly owns 74,981 shares in the company, valued at approximately $9,740,031.90. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Pentz Markwart Von sold 46,457 shares of the stock in a transaction dated Tuesday, August 22nd. The stock was sold at an average price of $116.74, for a total transaction of $5,423,390.18. Following the transaction, the insider now owns 47,165 shares in the company, valued at $5,506,042.10. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 116,023 shares of company stock worth $14,185,962. 0.85% of the stock is owned by company insiders.
Several institutional investors have recently added to or reduced their stakes in the company. First National Bank of Mount Dora Trust Investment Services raised its stake in shares of Deere & by 6.5% during the third quarter. First National Bank of Mount Dora Trust Investment Services now owns 38,250 shares of the industrial products company’s stock worth $4,804,000 after purchasing an additional 2,323 shares during the last quarter. Eqis Capital Management Inc. raised its stake in shares of Deere & by 8.6% during the third quarter. Eqis Capital Management Inc. now owns 8,004 shares of the industrial products company’s stock worth $1,005,000 after purchasing an additional 636 shares during the last quarter. MPS Loria Financial Planners LLC purchased a new stake in shares of Deere & during the second quarter worth approximately $369,000. Achmea Investment Management B.V. raised its stake in shares of Deere & by 175.7% during the second quarter. Achmea Investment Management B.V. now owns 28,303 shares of the industrial products company’s stock worth $3,496,000 after purchasing an additional 18,036 shares during the last quarter. Finally, Toronto Dominion Bank raised its stake in shares of Deere & by 25.3% during the second quarter. Toronto Dominion Bank now owns 101,897 shares of the industrial products company’s stock worth $12,591,000 after purchasing an additional 20,596 shares during the last quarter. Institutional investors and hedge funds own 66.20% of the company’s stock.
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About Deere &
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.
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