Deere & Company (NYSE:DE) announced a quarterly dividend on Wednesday, December 4th, RTT News reports. Stockholders of record on Tuesday, December 31st will be paid a dividend of 0.76 per share by the industrial products company on Monday, February 10th. This represents a $3.04 dividend on an annualized basis and a dividend yield of 1.83%.
DE stock traded up $2.51 during midday trading on Wednesday, hitting $166.01. 45,189 shares of the company’s stock were exchanged, compared to its average volume of 1,876,331. The business has a 50-day simple moving average of $173.76 and a two-hundred day simple moving average of $161.41. The company has a current ratio of 2.04, a quick ratio of 1.80 and a debt-to-equity ratio of 2.65. The stock has a market capitalization of $52.91 billion, a PE ratio of 16.70, a P/E/G ratio of 2.27 and a beta of 1.13. Deere & Company has a 1-year low of $132.68 and a 1-year high of $180.48.
Deere & Company (NYSE:DE) last posted its earnings results on Wednesday, November 27th. The industrial products company reported $2.14 EPS for the quarter, beating the Zacks’ consensus estimate of $2.13 by $0.01. The company had revenue of $8.70 billion for the quarter, compared to the consensus estimate of $8.41 billion. Deere & Company had a return on equity of 27.11% and a net margin of 8.29%. The company’s revenue for the quarter was up 4.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.30 earnings per share. As a group, research analysts expect that Deere & Company will post 9.89 EPS for the current fiscal year.
Several analysts recently issued reports on DE shares. Barclays set a $180.00 price objective on shares of Deere & Company and gave the company a “buy” rating in a report on Tuesday, October 15th. Stephens assumed coverage on shares of Deere & Company in a research note on Wednesday, August 14th. They set an “equal weight” rating and a $160.00 target price for the company. JPMorgan Chase & Co. reiterated a “sell” rating and set a $140.00 price target on shares of Deere & Company in a research report on Monday, November 25th. Deutsche Bank reissued a “hold” rating and issued a $169.00 price target (up from $155.00) on shares of Deere & Company in a research note on Wednesday, November 20th. Finally, UBS Group reduced their price target on shares of Deere & Company from $180.00 to $169.00 and set a “neutral” rating on the stock in a research note on Friday, November 29th. Four research analysts have rated the stock with a sell rating, seven have issued a hold rating and eleven have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $172.37.
In related news, insider James M. Field sold 12,637 shares of the company’s stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $180.00, for a total transaction of $2,274,660.00. Following the sale, the insider now directly owns 113,858 shares in the company, valued at $20,494,440. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman Samuel R. Allen sold 114,253 shares of the firm’s stock in a transaction that occurred on Monday, November 4th. The shares were sold at an average price of $178.30, for a total transaction of $20,371,309.90. Following the completion of the sale, the chairman now directly owns 423,497 shares in the company, valued at approximately $75,509,515.10. The disclosure for this sale can be found here. Company insiders own 0.71% of the company’s stock.
About Deere & Company
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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