News Worms
News Worms

Touches Record High As Q4 Earnings, Sales Top Estimates

Touches Record High As Q4 Earnings, Sales Top Estimates

NY raised its stake in shares of Deere & by 18.8% during the 2nd quarter. Nadler Financial Group Inc. now owns 2,704 shares of the industrial products company's stock worth $334,000 after acquiring an additional 10 shares in the last quarter. Davidson Investment Advisors lifted its holdings in Deere & by 7.4% in the 1st quarter. Ballentine Partners LLC now owns 5,818 shares of the industrial products company's stock worth $732,000 after purchasing an additional 1,593 shares in the last quarter. Vanguard Group Inc is the second biggest holder with 22 million shares now valued at 2.67 B million whilst State Street Corp has 12 million shares valued at 1.49 B million. Skandinaviska Enskilda Banken AB publ raised its position in Deere & Company by 4.7% in the third quarter. Public Employees Retirement System Of Ohio added to its ownership by buying 1,698 shares an increase of 0.7%. Capital International Investors raised its position in shares of Deere & by 35.4% in the third quarter.

Traders are more bullish on shares of the company of late as indicated by the downtick in short interest.

COPYRIGHT VIOLATION NOTICE: This news story was originally published by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are viewing this article on another site, it was illegally copied and republished in violation of United States & worldwide copyright laws. Rdl Incorporated holds 2.86% or 30,066 shares in its portfolio. The stock was sold at an average price of $127.04, for a total value of $2,806,948.80. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.

The most recent insider trade was by a Officer named VON PENTZ MARKWART, and it was an direct of 24143 shares - leaving the insider with 42026 shares after the transaction. The shares were purchased at an average price of $134.89. Following the transaction, the insider now owns 49,562 shares in the company, valued at $6,590,754.76. The disclosure for this sale can be found here. Over the last three months, insiders sold 34,302 shares of company stock valued at $3,753,704. Insiders own 0.85% of the company's stock.

Shares of Deere & Company (NYSE:DE) traded down 0.65% during midday trading on Friday, hitting $112.73. Deere & Company's dividend payout ratio is now 49.90%.

Here is a rundown on some insider market activity for Deere & Company (NYSE:DE). 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.

During its fiscal fourth quarter of the year, Deere & Company reported earnings per share of $1.57.

Deere & Company (DE) announced, for fiscal 2018, net sales and revenues are projected to increase about 19 percent, with net income attributable to Deere & Company of about $2.6 billion. Deere & had a return on equity of 25.96% and a net margin of 6.81%. Operating profit was $85 million for the quarter and $337 million for the year, which compared with an operating loss of $17 million and operating profit of $180 million for the same periods, respectively, in 2016. On average, analysts forecast that Deere & Company will post $4.89 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 1st. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.65%. The ex-dividend date was Thursday, September 28th.

Several large investors have recently bought and sold shares of DE. Three research analysts have rated the stock with a sell rating, eleven have issued a hold rating and twelve have issued a buy rating to the stock. On August 22 Argus made no change to the company rating of "Buy" with a current price target of $140.00. 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 upgraded the shares of DE in report on Monday, July 27 to "Neutral" rating.

On August 23 analysts at Stifel Nicolaus released research on DE stating a rating of "Buy" and a price target of $135.00. October 12 investment analysts at Robert W. Baird kept the stock rating at "Hold" targeting a price of $140.00. They presently have a $150.00 target price on the industrial products company's stock.

Deere & Company is engaged in equipment operations.


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