Deere & Co (NYSE: DE) is 11.70% higher on its value in year-to-date trading and has touched a low of $340.20 and a high of $442.05 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 $437.54 in the last trading session, with the day’s gains setting it 9.11%.
Currently trading at $446.65, the stock is 10.09% and 9.74% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.2 million and changing 2.08% at the moment leaves the stock 15.40% off its SMA200. DE registered 20.47% gain for a year compared to 6-month gain of 19.12%. The firm has a 50-day simple moving average (SMA 50) of $406.9936 and a 200-day simple moving average (SMA200) of $387.03366.
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The stock witnessed a 8.66% loss in the last 1 month and extending the period to 3 months gives it a 16.59%, and is 11.96% 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 3.43% over the week and 2.33% over the month.
Deere & Co (DE) has around 83000 employees, a market worth around $124.75B and $51.72B in sales. Current P/E ratio is 17.45 and Fwd P/E is 19.71. Profit margin for the company is 13.73%. Distance from 52-week low is 31.29% and 1.04% from its 52-week high. The company has generated returns on investments over the last 12 months (10.75%).
with sales reaching $7.75B over the same period.The EPS is expected to shrink by -23.37% this year, but quarterly earnings will post -12.83% year-over-year. Quarterly sales are estimated to shrink -26.06% in year-over-year returns.
Deere & Co (DE) Top Institutional Holders
2783.0 institutions hold shares in Deere & Co (DE), with institutional investors hold 80.43% of the company’s shares. The shares outstanding are 281.58M, and float is at 253.38M with Short Float at 2.12%. Institutions hold 80.29% 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.
