Published: Fri, November 24, 2017
Markets | By Erika Turner

Plowing up the statistics on: Deere & Company (DE)

Plowing up the statistics on: Deere & Company (DE)

NY now owns 950 shares of the industrial products company's stock valued at $117,000 after buying an additional 150 shares during the last quarter. BlackRock Inc. now owns 16,715,452 shares of the industrial products company's stock worth $1,819,643,000 after buying an additional 16,055,453 shares in the last quarter.

At the moment, the top institutional investor at Deere & Company (DE) is VANGUARD GROUP INC, which now holds 23,122,377 shares. Skandinaviska Enskilda Banken AB publ raised its position in Deere & Company by 4.7% in the third quarter. Hennessy Advisors Inc. now owns 18,700 shares of the industrial products company's stock worth $2,349,000 after purchasing an additional 700 shares in the last quarter. Blue Edge Capital, LLC divested its position by shedding 278 shares a decrease of 4.1% in the quarter. Northwest Quadrant Wealth Management LLC lifted its stake in Deere & by 0.4% during the 2nd quarter.

The biggest institutional shareholders in Deere & Company include Cascade Investment Llc which owns 31 million shares in the company valued at $3.15 B million.

COPYRIGHT VIOLATION NOTICE: This news story was originally published by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are viewing this piece on another website, it was stolen and reposted in violation of USA and worldwide copyright legislation. Finally, Princeton Capital Management Inc. boosted its position in shares of Deere & by 15.0% during the third quarter. Blue Edge Capital, LLC owns 6,457 shares with a value of $810,935,000. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. With 1.77 million shares average volume, it will take short sellers 6 days to cover their DE's short positions. Following the transaction, the insider now owns 57,086 shares in the company, valued at approximately $7,725,448.38. The disclosure for this sale can be found here.

In related news, insider Max A. Guinn sold 7,174 shares of Deere & stock in a transaction on Friday, October 27th. Von now owns $5,687,379 of stock as reported to the SEC.

Deere & Company (DE) traded up $6.02 during mid-day trading on Thursday, reaching $145.25.

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Deere & Company (NYSE:DE) is at overbought status with an RSI (14) at 82.08. The company has a debt-to-equity ratio of 2.76, a current ratio of 2.10 and a quick ratio of 1.90. Deere & Company has $16500 highest and $63 lowest target. The firm has a market cap of $44,734.17, a PE ratio of 23.32, a price-to-earnings-growth ratio of 2.47 and a beta of 0.73.

Demand for the company's farm, construction and forestry machinery pushed Deere's quarterly profit up by 79 per cent compared with a year ago to $510 million, as sales grew by almost 26 per cent to $7.1 billion.

Looking ahead, Deere forecast Q1 revenues to rise 38% to approximately $6.48 billion, which may not be comparable to the current analyst estimate of $5.39 billion. Over the past month the firm's stock is 10.86%, 25.82% for the last quarter, 18.64% for the past six-months and 57.86% for the previous year. This is up 74% from its earnings per share reported in the same period of the year prior.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 1st. Stockholders of record on Friday, September 29th were paid a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.65%. The ex-dividend date of this dividend was Thursday, September 28th. Deere &'s dividend payout ratio (DPR) is presently 40.20%.

A number of equities analysts have weighed in on DE shares. 386,489 are held by Federated Invsts Pa. Ramsay Stattman Vela Price holds 0.28% of its portfolio in Deere & Company (NYSE:DE) for 5,261 shares. Credit Suisse Group set a $148.00 price target on shares of Deere & and gave the stock a "buy" rating in a research report on Friday, August 18th. Goldman Sachs Group, Inc. Bank of America Corporation cut their price target on Deere & from $145.00 to $130.00 and set a "neutral" rating on the stock in a research note on Monday, August 21st. October 12 investment analysts at Robert W. Baird kept the stock rating at "Hold" targeting a price of $140.00. Equity analyst Piper Jaffray Companies released guidance on DE stating a rating of "Hold" and setting a price target of $119.00.

"What you're seeing right now is replacement of equipment, especially large equipment", Deere spokesman Ken Golden told the Waterloo (Iowa) Courier. The Company is involved in providing financial services.

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