The Insider Activity Of Deere & Company (DE) Is Worth Monitoring

Deere & Company (NYSE:DE) finished Friday with a subtraction of -$2.22 to close at $340.71, a downside of -0.65 percent. An average of 1,058,320 shares of common stock have been traded in the last five days. There was a gain of $7.95 in the past week, and it reached a new high 36 times over the past 12 months. The last 20 days have seen an average of 1,426,210 shares traded, while the 50-day average volume stands at 1,710,600.

DE stock has decreased by -3.07% in the last month. The company shares reached their 1-month lowest point of $320.50 on 10/14/21. With the stock rallying to its 52-week high on 05/10/21, shares of the company touched a low of $221.73 and a high of $400.34 in 52 weeks. It has reached a new high 28 times so far this year and achieved 26.63% or $71.66 in price. In spite of this, the price is down -14.89% from the 52-week high.

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Insider Transactions

73 days have passed since Deere & Company (DE) last reported insider trading activity. Reed Cory J, who is Pres Ag & Turf, Prod & Prec Ag, most recently acquired $6,188 shares at $385.00 per share on Aug 11. In this transaction, the insider spent $2,382,380. CEO & President, May John C II, disposed of 39,336 shares at a price of $359.07 on Jun 02. The insider now owns more than $14,124,258 worth of shares. Prior to that, Sr VP & CFO CAMPBELL RYAN D went on to Sale 12,033 shares at $365.19 each on Jun 01. An amount of $4,394,331 was transacted.

Valuation Metrics

Deere & Company (DE) has a trailing price-to-earnings (P/E) ratio of 19.74, which compares with the 16.00 for the broader industry and 29.83 for the sector. In the last five years, Deere & Company’s PE ratio has ranged between 38.68 and 10.87. The stock’s beta is 1.11. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 2.47, the price-to-book (PB) ratio at 6.74, and the price-to-cash flow ratio at 17.38.

Deere & Company pays a $4.20 dividend per share annually. It offers a dividend yield of 1.23%. The company has a payout ratio of 18.30%. The company’s most recent quarterly dividend payment was $1.05 a share, representing a up of 16.67% from $0.90 last year. Its dividend has been increased for the last 1 year with the latest increase dividend $0.15 reported on Wednesday August 25 2021.Dividends have grown by 26.67% each year over the last three years.

Further, the company has a long term debt to equity ratio of 2.05 and a total debt to equity ratio of 3.05 for the quarter ending July 30. Deere & Company’s EBITDA margin for the year ending July 30 is 20.20%, while its operating margin for the same period stands at 19.20%. Its gross profit as reported stood at $11.86 billion compared to revenue of $35.54 billion.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Deere & Company’s return on assets was 7.00%. For the broader industry, ROE averaged 13.04 over the past year.

Earnings Surprise

For the three-month period that ended July 30, Deere & Company had $688.0 million in cash and short-term investments compared to $32.28 billion in total debt. In the quarter under review, the net income was down than the previous quarter. The company posted a net income of $1.67 billion in the quarter, while revenues of $1.79 billion were grew 51.35%. The analyst consensus anticipated Deere & Company’s latest quarter earnings to come in at $4.58 per share, but it turned out to be $5.32, a 16.20% surprise. For the quarter, EBITDA amounted to $2.91 billion. Shareholders own equity worth $310.06 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Deere & Company (DE) price momentum. RSI 9-day as of the close on 22 October was 50.85%, suggesting the stock is Neutral, with historical volatility in this time frame at 18.67%.

As of today, DE’s price is $340.52 +2.39% or $7.95 from its 5-day moving average. DE is currently trading -2.45% lower than its 20-day SMA and -4.49% lower than its 100-day SMA. However, the stock’s current price level is -11.65% below the SMA50 and +13.67% above the SMA200.

The stochastic %K and %D were 80.94% and 74.62%, respectively, and the average true range (ATR) was 7.35. With the 14-day stochastic at 74.14% and the average true range at 7.77, the RSI (14) stands at 47.26%. The stock has reached 6.48 on the 9-day MACD Oscillator while the 14-day reading was at 5.33.

Analyst Ratings

Evercore ISI downgraded Deere & Company (NYSE: DE) to a an In-line rating in its most recent analyst report. Previously, the stock was rated as an Outperform. The consensus rating for Deere & Company (DE) among analysts is Overweight. According to current brokerage recommendations, 1 brokerage firm advise that investors sell DE, while 7 suggest investors hold. There are 1 analyst who rate the stock as underweight. The stock is rated overweight by 3 analysts, while 11 others rate it as a “buy”.

What is DE’s price target for the next 12 months?

Analysts predict a range of price targets between $297.00 and $480.00, with a median target of $415.00. Taking a look at these predictions, the average price target given by analysts for Deere & Company (DE) stock is $408.03.


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