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Deere & Co. (DE) – key numbers that make it a Strong Buy For Now

Deere & Co. (NYSE: DE) is 2.03% higher 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 continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The DE stock was last observed hovering at around $407.89 in the last trading session, with the day’s gains setting it 0.1%.

Currently trading at $407.99, the stock is 2.38% and 3.36% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.4 million and changing 0.02% at the moment leaves the stock 4.61% off its SMA200. DE registered 9.44% gain for a year compared to 6-month gain of 10.38%.

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The stock witnessed a 2.70% loss in the last 1 month and extending the period to 3 months gives it a 4.78%, and is 1.53% 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 1.45% over the week and 1.88% over the month.

Deere & Co. (DE) has around 83000 employees, a market worth around $113.57B and $60.77B in sales. Current P/E ratio is 11.89 and Fwd P/E is 14.92. Profit margin for the company is 16.39%. Distance from 52-week low is 18.07% and -9.34% from its 52-week high. The company has generated returns on investments over the last 12 months (16.06%).

The EPS is expected to shrink by -21.09% this year.

Deere & Co. (DE) Top Institutional Holders

The shares outstanding are 281.58M, and float is at 258.16M with Short Float at 1.28%.

Deere & Co. (DE) Insider Activity

The most recent transaction is an insider sale by CAMPBELL RYAN D,the company’sPres, 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).

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