Economy

Deere & Company Stock Jumps on Q4 Earnings Beat

Deere & Company Stock Jumps on Q4 Earnings Beat

The stock increased or $0 during the last trading session, hitting $. For the past month, Deere & Company's stock has been 7.44%, 19.56% for the last quarter, 13.40% for the past six months and 50.85% for the past 52 weeks. NY now owns 950 shares of the industrial products company's stock worth $117,000 after buying an additional 150 shares during the last quarter. Cutler Investment Counsel LLC lifted its holdings in shares of Deere & by 1.3% in the second 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 period. Corporate insiders own 0.75% of the company's stock. Hedge funds and other institutional investors own 67.05% of the company's stock.

Now insiders hold 2,480,324 shares in the business which makes up 0.77% of shares. Deere said the improvement stemmed from rising production of equipment and higher prices. Blue Edge Capital, LLC owns 6,457 shares with a value of $810,935,000. Pentz Markwart Von, Pres.Ag&TurfDiv.Eur.Asia, Afr. sold $405,030 worth of shares at a price of $135.01 on November 3rd.

President, WW C&F, Lbr Rltns Max A. Guinn disclosed the sale of 8,551 shares. YorkBridge Wealth Partners LLC now owns 1,236 shares of the industrial products company's stock valued at $154,000 after buying an additional 13 shares during the period.

At the moment 21 analysts are watching Deere & Company (NASDAQ:DE), 5 rate it "Buy", 3 "Outperform", 12 "Underperform", 0 "Sell", while 1 "Hold". 5,914,500 shares of the stock traded hands, compared to its average volume of 2,364,841. The stock has a market capitalization of $43,991.97, a P/E ratio of 22.93, a P/E/G ratio of 2.46 and a beta of 0.73. The company has a quick ratio of 1.90, a current ratio of 2.10 and a debt-to-equity ratio of 2.76.

Deere & (NYSE:DE) last announced its earnings results on Wednesday, November 22nd.

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For fiscal 2017, net income attributable to Deere & Company was $2.159 billion, or $6.68 per share, compared with $1.524 billion, or $4.81 per share, in 2016.

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. During the same quarter in the previous year, the company earned $0.90 EPS. Wirtgen is expected to add about 12 percent to Deere's sales for the full year and about 6 percent for the first quarter in comparison with 2017.

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 1st. Shareholders of record on Friday, September 29th were issued a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 1.66%. The ex-dividend date of this dividend was Thursday, September 28th. Deere &'s payout ratio is now 40.20%.

A number of research firms have commented on DE. Goldman Sachs Group, Inc. Finally, Stifel Nicolaus set a $135.00 target price on Deere & and gave the stock a "buy" rating in a research report on Wednesday, August 23rd. BidaskClub lowered shares of Deere & from a "strong-buy" rating to a "buy" rating in a report on Tuesday, July 25th. Covering sell-side analysts are estimating company growth for next year to be 11.03%. On August 22 Argus kept the company rating at "Buy" targeting a price of $140.00.