Insider Selling: Deere & Company (DE) Insider Sells 32,183 Shares of Stock

Deere & Company (NYSE:DE) insider Jean H. Gilles sold 32,183 shares of the company’s stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $165.97, for a total transaction of $5,341,412.51. Following the sale, the insider now directly owns 77,147 shares in the company, valued at $12,804,087.59. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Deere & Company (NYSE DE) traded up $3.17 during trading hours on Thursday, reaching $165.26. 666,937 shares of the company were exchanged, compared to its average volume of 2,440,392. Deere & Company has a 1-year low of $106.72 and a 1-year high of $175.26. The company has a market capitalization of $53,263.07, a price-to-earnings ratio of 37.68, a price-to-earnings-growth ratio of 2.40 and a beta of 0.75. The company has a current ratio of 1.98, a quick ratio of 1.69 and a debt-to-equity ratio of 2.85.

Deere & Company (NYSE:DE) last released its quarterly earnings results on Friday, February 16th. The industrial products company reported $1.31 EPS for the quarter, topping analysts’ consensus estimates of $1.16 by $0.15. Deere & Company had a net margin of 4.57% and a return on equity of 27.18%. The business had revenue of $5.97 billion for the quarter, compared to analyst estimates of $6.41 billion. During the same period last year, the firm earned $0.61 earnings per share. Deere & Company’s revenue for the quarter was up 27.2% compared to the same quarter last year. analysts anticipate that Deere & Company will post 8.36 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, February 1st. Investors of record on Friday, December 29th were given a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 1.45%. The ex-dividend date was Thursday, December 28th. Deere & Company’s dividend payout ratio is 54.92%.

A number of large investors have recently added to or reduced their stakes in the stock. KCM Investment Advisors LLC increased its position in Deere & Company by 2.8% during the fourth quarter. KCM Investment Advisors LLC now owns 13,267 shares of the industrial products company’s stock worth $2,076,000 after acquiring an additional 364 shares during the period. Colonial Trust Advisors increased its position in Deere & Company by 11.0% during the fourth quarter. Colonial Trust Advisors now owns 29,610 shares of the industrial products company’s stock worth $4,634,000 after acquiring an additional 2,931 shares during the period. Xact Kapitalforvaltning AB increased its position in Deere & Company by 6.8% during the fourth quarter. Xact Kapitalforvaltning AB now owns 55,064 shares of the industrial products company’s stock worth $8,618,000 after acquiring an additional 3,529 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its position in Deere & Company by 2.5% during the fourth quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 206,957 shares of the industrial products company’s stock worth $32,391,000 after acquiring an additional 5,003 shares during the period. Finally, Pin Oak Investment Advisors Inc. bought a new position in Deere & Company during the fourth quarter worth about $122,000. 66.24% of the stock is currently owned by institutional investors and hedge funds.

Several analysts have issued reports on DE shares. Stifel Nicolaus upped their price target on shares of Deere & Company to $161.00 and gave the stock a “buy” rating in a research report on Monday, November 27th. Argus reissued a “buy” rating and issued a $165.00 price objective on shares of Deere & Company in a research report on Monday, November 27th. They noted that the move was a valuation call. Citigroup reissued a “buy” rating and issued a $165.00 price objective on shares of Deere & Company in a research report on Friday, November 24th. Credit Suisse Group reissued a “buy” rating and issued a $162.00 price objective on shares of Deere & Company in a research report on Thursday, November 23rd. Finally, Wells Fargo & Co reissued a “buy” rating and issued a $170.00 price objective on shares of Deere & Company in a research report on Thursday, November 23rd. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and fourteen have given a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $170.86.

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About Deere & Company

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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