Deere & Co. (NYSE: DE) is -1.30% lower on its value in year-to-date trading and has touched a low of $340.20 and a high of $417.46 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 $387.00 in the last trading session, with the day’s gains setting it 7.68%.
Currently trading at $394.68, the stock is 3.47% and 6.52% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.12 million and changing 1.98% at the moment leaves the stock 3.49% off its SMA200. DE registered -1.88% loss for a year compared to 6-month loss of 3.80%.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
The stock witnessed a 12.35% gain in the last 1 month and extending the period to 3 months gives it a 4.43%, and is 3.44% 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 2.16% over the week and 2.18% over the month.
Deere & Co. (DE) has around 83000 employees, a market worth around $107.98B and $55.98B in sales. Current P/E ratio is 13.47 and Fwd P/E is 17.49. Profit margin for the company is 14.69%. Distance from 52-week low is 16.01% and -5.46% from its 52-week high. The company has generated returns on investments over the last 12 months (12.51%).
The EPS is expected to shrink by -27.71% this year.
Deere & Co. (DE) Top Institutional Holders
2785.0 institutions hold shares in Deere & Co. (DE), with institutional investors hold 80.09% of the company’s shares. The shares outstanding are 281.58M, and float is at 253.54M with Short Float at 1.99%. Institutions hold 79.95% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 21.72 million shares valued at $8.12 billion. The investor’s holdings represent 7.8466% of the DE Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 16.36 million shares valued at $6.11 billion to account for 5.9113 of the shares outstanding. The other top investors are JPMORGAN CHASE & CO which holds 11.3 million shares representing 4.081% and valued at over $4.22 billion, while STATE STREET CORP holds 3.7071 of the shares totaling 10.26 million with a market value of $3.85 billion.
Deere & Co. (DE) Insider Activity
The most recent transaction is an insider sale by Reed Cory J, the company’s Pres Ag & Turf, Prod & Prec Ag. SEC filings show that Reed Cory J sold 13,370 shares of the company’s common stock on Jun 24 ’24 at a price of $377.63 per share for a total of $5.05 million. Following the sale, the insider now owns 41642.0 shares.
Deere & Co. disclosed in a document filed with the SEC on Oct 02 ’23 that CAMPBELL RYAN D (Pres, WWC&F and Pwr Systems) sold a total of 6,073 shares of the company’s common stock. The trade occurred on Oct 02 ’23 and was made at $379.19 per share for $2.3 million. Following the transaction, the insider now directly holds 18519.0 shares of the DE stock.
