Key Points
- CEO sale: Deere CEO John May II sold 11,106 shares on Nov. 25 at an average price of $500.08 for $5,553,888.48, cutting his stake by 8.99% to 112,453 shares valued at about $56.24M (SEC Form 4 filed).
- Quarterly results: Deere reported Q EPS of $3.93 (missing estimates by $0.03) while revenue rose 14.1% year-over-year to $12.39 billion, topping expectations.
- Market view: The stock trades near $470 with a market cap of roughly $127B and a P/E of ~24.6; analysts have an average rating of "Moderate Buy" and a consensus target of $519.85 (12‑month range $403.01–$533.78).
Deere & Company (NYSE:DE - Get Free Report) CEO John May II sold 11,106 shares of the business's stock in a transaction dated Tuesday, November 25th. The shares were sold at an average price of $500.08, for a total value of $5,553,888.48. Following the sale, the chief executive officer owned 112,453 shares of the company's stock, valued at approximately $56,235,496.24. This represents a 8.99% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
Deere & Company Stock Performance
DE opened at $469.95 on Thursday. The company's 50 day moving average is $467.30 and its 200 day moving average is $490.94. The company has a current ratio of 2.19, a quick ratio of 1.98 and a debt-to-equity ratio of 1.76. The company has a market cap of $127.04 billion, a price-to-earnings ratio of 24.57, a PEG ratio of 3.05 and a beta of 1.04. Deere & Company has a 12-month low of $403.01 and a 12-month high of $533.78.
Deere & Company (NYSE:DE - Get Free Report) last announced its earnings results on Wednesday, November 26th. The industrial products company reported $3.93 EPS for the quarter, missing analysts' consensus estimates of $3.96 by ($0.03). Deere & Company had a net margin of 11.72% and a return on equity of 21.97%. The business had revenue of $12.39 billion for the quarter, compared to analysts' expectations of $9.77 billion. During the same period in the prior year, the company posted $4.55 earnings per share. The firm's quarterly revenue was up 14.1% on a year-over-year basis. On average, equities research analysts predict that Deere & Company will post 19.32 EPS for the current year.
Hedge Funds Weigh In On Deere & Company
Several hedge funds have recently modified their holdings of the stock. OLD National Bancorp IN increased its position in shares of Deere & Company by 2.6% during the 2nd quarter. OLD National Bancorp IN now owns 24,000 shares of the industrial products company's stock worth $12,204,000 after purchasing an additional 610 shares during the last quarter. Providence Capital Advisors LLC boosted its stake in Deere & Company by 2.1% during the first quarter. Providence Capital Advisors LLC now owns 14,639 shares of the industrial products company's stock worth $6,871,000 after buying an additional 303 shares during the period. Bragg Financial Advisors Inc boosted its stake in Deere & Company by 12.7% during the first quarter. Bragg Financial Advisors Inc now owns 7,213 shares of the industrial products company's stock worth $3,386,000 after buying an additional 813 shares during the period. ASR Vermogensbeheer N.V. acquired a new stake in shares of Deere & Company during the first quarter valued at about $13,588,000. Finally, United Asset Strategies Inc. purchased a new stake in shares of Deere & Company in the 1st quarter valued at approximately $2,496,000. Hedge funds and other institutional investors own 68.58% of the company's stock.
Analyst Ratings Changes
A number of equities analysts recently commented on DE shares. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of Deere & Company in a report on Monday. Wall Street Zen raised Deere & Company from a "sell" rating to a "hold" rating in a research report on Sunday, November 16th. Robert W. Baird reduced their target price on shares of Deere & Company from $488.00 to $467.00 and set a "neutral" rating for the company in a report on Monday, October 13th. Zacks Research cut shares of Deere & Company from a "hold" rating to a "strong sell" rating in a research note on Monday, October 20th. Finally, Sanford C. Bernstein upped their price target on shares of Deere & Company from $487.00 to $521.00 and gave the stock a "market perform" rating in a research report on Thursday, November 13th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Deere & Company has an average rating of "Moderate Buy" and a consensus target price of $519.85.
Check Out Our Latest Stock Analysis on DE
Deere & Company Company Profile
(
Get Free Report)
Deere & Co engages in the manufacture and distribution of equipment used in agriculture, construction, forestry, and turf care. It operates through the following segments: Agriculture and Turf, Construction and Forestry, and Financial Services. The Agriculture and Turf segment focuses on the distribution and manufacture of a full line of agriculture and turf equipment and related service parts.
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