Deere tops 4th-qtr estimates, sees strong earnings in 2018

Jon Howard
November 24, 2017

GE disclosed Tuesday that board member Francisco D'Souza, who is the chief executive of Cognizant Technology Solutions Corp., bought 55,000 GE shares at $17.94, valued at $986,700, on Monday, when the stock traded within intraday range of $17.83 to $18.13. Barclays PLC set a $80.00 price objective on shares of Deere & Company and gave the stock a "sell" rating in a research report on Sunday, February 19th. Pentz Markwart Von, Pres.Ag&TurfDiv.Eur.Asia, Afr. sold $405,030 worth of shares at a price of $135.01 on November 3rd. The performance this quarter is at 25.82% while the weekly performance is at 9.81%.

A number of equities analysts have recently weighed in on DE shares. Three investment analysts have rated the stock with a sell rating, eleven have given a hold rating and twelve have given a buy rating to the company's stock. Deere &'s dividend payout ratio (DPR) is 40.20%.

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It is common practice for investors to use the price-to-earnings ratio (P/E ratio or price multiple) to determine if a company's stock price is over or undervalued. "Has $1.55 Million Stake in Deere & Company (NYSE:DE)" was originally posted by TrueBlueTribune and is the property of of TrueBlueTribune. Goldman Sachs upgraded the shares of DE in report on Monday, July 27 to "Neutral" rating. These holdings make up 78.2% of the company's outstanding shares. The shares were purchased at an average price of $134.89. Retirement Systems of Alabama now owns 155,183 shares of the industrial products company's stock worth $19,489,000 after purchasing an additional 12,503 shares in the last quarter. Skandinaviska Enskilda Banken AB publ raised its position in Deere & Company by 4.7% in the third quarter. Northwest Quadrant Wealth Management LLC lifted its stake in Deere & by 0.4% during the 2nd quarter. Finally, BMO Capital Markets reiterated an "outperform" rating and issued a $150.00 target price (up previously from $140.00) on shares of Deere & in a research note on Wednesday, August 16th. The stock was sold at an average price of $120.10, for a total transaction of $2,653,609.50. Deere & Company's now has a PEG ratio of 0.98 where as its P/E ratio is 23.26. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Brown Advisory Inc. now owns 60,627 shares of the industrial products company's stock worth $6,246,000 after buying an additional 1,189 shares during the last quarter. Public Employees Retirement System Of Ohio added to its ownership by buying 1,698 shares an increase of 0.7%. If you are reading this news story on another publication, it was illegally stolen and republished in violation of worldwide copyright & trademark legislation. That transaction was set to be finalized next month, Deere said Wednesday. October 12 investment analysts at Robert W. Baird kept the stock rating at "Hold" targeting a price of $140.00. The stock now has a consensus rating of "Hold" and an average price target of $133.43. The shares were sold at an average price of $135.33, for a total transaction of $3,267,272.19. Also, insider Max A. Guinn sold 7,174 shares of the company's stock in a transaction on Friday, October 27th. Over the last three months, insiders sold 34,302 shares of company stock valued at $3,753,704.

"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 engaged in providing financial services. The Firm operates through three business divisions: agriculture and turf, construction and forestry, and financial services. Hedge funds and other institutional investors own 71.09% of the company's stock. The agriculture and turf segment manufactures and distributes a line of agriculture and turf equipment and related service parts.

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