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Deere & Company (NYSE:DE) Stock - Is it Overbought?

24 November, 2017, 00:59 | Author: Paula Vaughn
  • Deere & Company - DE - Stock Price Today - Zacks

Here is a summary of how Deere & Co.'s divisions performed in the fourth quarter and fiscal year as well as their outlook for fiscal 2018.

Deere & Company (NYSE: DE) has became attention seeker from the inquisitor when it experienced a change of 1.69% Whereas, in last 21 trading days was 7.44% and moved up in last 63 trading days of 19.56%.

The Moline, IL-based farming and construction equipment maker reported Q4 earnings per share (EPS) of $1.57, which was $0.13 better than the Wall Street consensus estimate of $1.44. Profit margins are at 6.50% while the operating margin stands at 13.80%.

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Deere & Company reported revenue of $8.02 billion during its fourth quarter of 2017. During the same quarter in the previous year, the company posted $0.90 earnings per share. equities analysts expect that Deere & Company will post 6.51 EPS for the current year. The equipment company reported earnings per share of $6.68 on revenue of $29.74 billion for the year.

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 1st. Investors of record on Friday, March 31st were paid a $0.60 dividend. The ex-dividend date of this dividend was Thursday, September 28th. This represents a $2.40 dividend on an annualized basis and a yield of 1.65%. Deere &'s dividend payout ratio (DPR) is now 40.20%. That transaction was set to be finalized next month, Deere said Wednesday. Deere & Company has a 12 month low of $98.57 and a 12 month high of $146.00. Deutsche Bank AG raised their target price on Deere & from $129.00 to $149.00 and gave the company a "hold" rating in a research report on Thursday, November 16th. 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. The company has an average rating of "Hold" and a consensus price target of $133.43. Blue Edge Capital, LLC owns 6,457 shares with a value of $810,935,000. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Max A. Guinn sold 7,174 shares of the business's stock in a transaction that occurred on Friday, October 27th. Pres.Ag^TurfDiv.Eur., Asia, Afr. Pentz Markwart Von sold 24,143 shares at an average price of $135.33 on Monday the 6th. Following the sale, the insider now owns 49,562 shares in the company, valued at approximately $6,590,754.76. The disclosure for this sale can be found here.

The sales growth quarter on quarter is at 16.10% while the total number of outstanding shares are at 318.55. Insiders own 0.85% of the company's stock. $2.50M worth of stock was sold by May John C II on Tuesday, June 6. 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. Dimensional Fund Advisors LP lifted its holdings in Deere & by 1.2% in the 1st quarter. Harfst & Associates Inc. now owns 1,175 shares of the industrial products company's stock valued at $145,000 after buying an additional 360 shares during the last quarter. LA Financiere DE L Echiquier purchased a new position in Deere & Company during the third quarter worth $2,987,000. Lazard Asset Management LLC now owns 2,486,995 shares of the industrial products company's stock worth $270,734,000 after buying an additional 106,034 shares in the last quarter. As of quarter end State Street Corp had acquired 471,106 shares growing its stake by 3.9%. Currently Deere & Company (NYSE:DE)'s shares owned by insiders are 0.10%, whereas shares owned by institutional owners are 80.10%.

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