Deere & Company Stock Jumps on Q4 Earnings Beat

Andrew Cummings
November 23, 2017

Analysts had expected the company to earn $1.47 per share, according figures compiled by Thomson Reuters. Blue Edge Capital, LLC divested its position by shedding 278 shares a decrease of 4.1% in the quarter. Parallel Advisors LLC lifted its stake in shares of Deere & by 14.7% in the 1st quarter. Nadler Financial Group Inc. now owns 2,704 shares of the industrial products company's stock valued at $334,000 after purchasing an additional 10 shares during the last quarter. The correct version of this story can be accessed at https://stocknewstimes.com/2017/11/22/first-eagle-investment-management-llc-has-662-10-million-stake-in-deere-company-de.html. Geode Capital Management LLC lifted its holdings in Deere & by 11.2% during the 1st quarter.

Deere & Company (NYSE:DE) traded up $6.02 during trading on Wednesday, reaching $145.25. First Foundation Advisors reported 2,101 shares or 0.02% of all its holdings. The company has a current ratio of 2.10, a quick ratio of 1.90 and a debt-to-equity ratio of 2.76.

"We're experiencing low commodity prices and yet we're seeing sales for the year being the fifth-highest in company history", he said.

Deere & Company (NYSE:DE) stock has seen a rise as of late.


Net income of $510.3M, or $1.57 per share vs. $285.3M, or $0.90 per share in the same quarter a year ago. Deere & had a return on equity of 25.96% and a net margin of 6.81%. The firm's revenue for the quarter was up 25.6% on a year-over-year basis.

The company said that results in farm and construction equipment showed improvement over the fiscal year, and it singled out strength in South America, as it did when it reported results for the prior quarter in August.

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 1st. Punch Associates Inv Mngmt has 29,456 shares for 0.34% of their portfolio. This represents a $2.40 annualized dividend and a yield of 1.72%. The ex-dividend date was Thursday, September 28th. Deere &'s dividend payout ratio (DPR) is now 40.20%.

A number of equities analysts have weighed in on DE shares. (The) upgraded shares of Deere & from a "buy" rating to a "conviction-buy" rating and set a $129.75 price objective on the stock in a report on Monday, August 7th. Goldman Sachs Group, Inc. (The) reissued a "buy" rating on shares of Deere & in a research note on Sunday, August 20th.


On November 2 BMO Capital Markets left the stock rating at "Buy" projecting a price of $150.00. In the last three months, insiders sold 102,684 shares of company stock valued at $13,270,809. The shares were sold at an average price of $135.33, for a total transaction of $3,267,272.19. Blue Edge Capital, LLC owns 6,457 shares with a value of $810,935,000.

President, WW C&F, Lbr Rltns Max A. Guinn disclosed the sale of 8,551 shares.

Deere & Company's beta is at 0.75 meaning it is less volatile than the market as a whole that has a beta of 1.

COPYRIGHT VIOLATION WARNING: This piece of content was originally posted by Week Herald and is the property of of Week Herald. If you are viewing this piece of content on another site, it was stolen and reposted in violation of United States and worldwide copyright law. That's driving more customers to Moline, Illinois-based Deere after years of production and inventory cuts at the company. The Company is involved in providing financial services.


Meanwhile, Deere's construction business has been strong.

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