Deere & Company (NYSE:DE) announced a quarterly dividend on Wednesday, February 22nd. Investors of record on Friday, March 31st will be given a dividend of 0.60 per share on Monday, May 1st. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.24%. The ex-dividend date is Wednesday, March 29th.
Shares of Deere & Company (NYSE:DE) opened at 107.16 on Tuesday. Deere & Company has a 52-week low of $74.91 and a 52-week high of $112.18. The company has a 50 day moving average price of $109.66 and a 200-day moving average price of $98.67. The stock has a market capitalization of $34.11 billion, a P/E ratio of 23.21 and a beta of 0.73.
Deere & Company (NYSE:DE) last released its quarterly earnings data on Friday, February 17th. The company reported $0.61 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.54 by $0.07. The business earned $4.70 billion during the quarter, compared to analyst estimates of $4.59 billion. Deere & Company had a return on equity of 21.97% and a net margin of 5.72%. The company’s revenue was down 1.5% on a year-over-year basis. During the same quarter last year, the business posted $0.80 EPS. On average, analysts predict that Deere & Company will post $4.79 earnings per share for the current fiscal year.
In related news, insider Cory J. Reed sold 1,829 shares of Deere & Company stock in a transaction dated Wednesday, February 22nd. The stock was sold at an average price of $108.78, for a total value of $198,958.62. Following the sale, the insider now directly owns 6,796 shares in the company, valued at approximately $739,268.88. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Samuel R. Allen sold 28,808 shares of Deere & Company stock in a transaction dated Wednesday, February 22nd. The stock was sold at an average price of $109.40, for a total value of $3,151,595.20. Following the completion of the sale, the chief executive officer now owns 299,596 shares in the company, valued at $32,775,802.40. The disclosure for this sale can be found here. Over the last quarter, insiders sold 34,302 shares of company stock worth $3,753,704. 0.75% of the stock is currently owned by insiders.
A number of equities analysts have weighed in on DE shares. Credit Suisse Group AG set a $132.00 price objective on Deere & Company and gave the company a “buy” rating in a research note on Friday, February 17th. BMO Capital Markets reiterated an “outperform” rating and set a $120.00 price objective on shares of Deere & Company in a research note on Friday, December 16th. Aegis reiterated a “hold” rating and set a $110.00 price objective on shares of Deere & Company in a research note on Thursday, January 19th. Vetr lowered Deere & Company from a “hold” rating to a “sell” rating and set a $101.70 price objective for the company. in a research note on Thursday, February 2nd. Finally, Vertical Research upgraded Deere & Company from a “sell” rating to a “hold” rating in a research note on Friday, January 6th. Four research analysts have rated the stock with a sell rating, ten have issued a hold rating and twelve have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $101.31.
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Deere & Company Company Profile
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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