Deere & Co. (NYSE: DE) is -0.56% lower on its value in year-to-date trading and has touched a low of $345.55 and a high of $450.00 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The DE stock was last observed hovering at around $394.05 in the last trading session, with the day’s gains setting it 3.59%.
Currently trading at $397.64, the stock is 6.73% and 4.72% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.41 million and changing 0.91% at the moment leaves the stock 1.63% off its SMA200. DE registered -1.23% loss for a year compared to 6-month loss of -1.17%. The firm has a 50-day simple moving average (SMA 50) of $2.81 and a 200-day simple moving average (SMA200) of $9.57.
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The stock witnessed a 11.29% gain in the last 1 month and extending the period to 3 months gives it a 0.94%, and is 4.58% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.59% over the week and 1.60% over the month.
Deere & Co. (DE) has around 83000 employees, a market worth around $110.69B and $60.77B in sales. Current P/E ratio is 11.58 and Fwd P/E is 14.47. Profit margin for the company is 16.39%. Distance from 52-week low is 15.07% and -11.64% from its 52-week high. The company has generated returns on investments over the last 12 months (16.06%).
Deere & Co. quarterly earnings per share for the current quarter are estimated at $7.86 with sales reaching $13.22B over the same period.The EPS is expected to shrink by -21.02% this year, but quarterly earnings will post -13.90% year-over-year.
2,889 institutions hold shares in Deere & Co. (DE), with institutional investors hold 78.29% of the company’s shares. The shares outstanding are 281.58M, and float is at 258.28M with Short Float at 1.17%. Institutions hold 78.16% of the Float.
The top institutional shareholder in the company is Vanguard Group Inc with over 22.0 million shares valued at $8.91 billion. The investor’s holdings represent 7.64% of the DE Shares outstanding. As of Jun 29, 2023, the second largest holder is Blackrock Inc. with 18.48 million shares valued at $7.49 billion to account for 6.42% of the shares outstanding. The other top investors are JP Morgan Chase & Company which holds 12.41 million shares representing 4.31% and valued at over $5.03 billion, while State Street Corporation holds 3.63% of the shares totaling 10.45 million with a market value of $4.23 billion.
Deere & Co. (DE) Insider Activity
The most recent transaction is an insider sale by CAMPBELL RYAN D, the company’s Pres, WWC&F and Pwr Systems. SEC filings show that CAMPBELL RYAN D sold 6,073 shares of the company’s common stock on Oct 02 ’23 at a price of $379.19 per share for a total of $2.3 million. Following the sale, the insider now owns 18519.0 shares.
Deere & Co. disclosed in a document filed with the SEC on Jul 25 ’23 that Reed Cory J (Pres Ag & Turf, Prod & Prec Ag) sold a total of 4,680 shares of the company’s common stock. The trade occurred on Jul 25 ’23 and was made at $449.75 per share for $2.1 million. Following the transaction, the insider now directly holds 36563.0 shares of the DE stock.
Still, SEC filings show that on Jun 22 ’23, May John C II (Chairman & CEO) disposed off 52,967 shares at an average price of $416.02 for $22.04 million. The insider now directly holds 109,126 shares of Deere & Co. (DE).
