Deere & Company (DE) Stake Decreased by Kidder Stephen W

Deere & Company (DE) Stake Decreased by Kidder Stephen W

Deere & Company (DE) Stake Decreased by Kidder Stephen W

Deere & Company (NYSE:DE) reported Q3 2017 earnings this Morning, coming in at $1.97 per share, beating Wall Street's estimates of $1.93 per Share.

The biggest institutional shareholders in Deere & Company include Cascade Investment Llc which owns 31 million shares in the company valued at $3.15 B million.

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The business reports an 11% increase in equipment sales in the United States and Canada for the latest quarter, but a 1% decline over the nine month period. Net equipment sales reached $6.83 billion, up 17% from a year ago.

In May, June, and July, worldwide sales of Deere Construction and Forestry Equipment jumped 29% compared to the same period a year ago. During the same quarter in the prior year, the firm earned $1.55 EPS. -EPS Growth (Y-o-Y): 27.1% -Analysts Estimate: $1.95 -Revenue (Q3): $6.83 Bln vs. $5.86 Bln previous year. The firm's revenue was up 16.6% on a year-over-year basis. Volume ballooned to 4.8 million shares, already more than double the full-day average of 2.1 million shares. Vanguard Group Inc is the second biggest holder with 20 million shares now valued at 2.23 B million whilst Viking Global Investors LP has 14 million shares valued at 1.57 B million. In a report issued on August 16, BMO analyst Joel Tiss maintained a Buy rating on DE, with a price target of $150, which implies an upside of 30% from current levels. JP Morgan raised the price target and upgraded the stock on June 2 boosting the price target from $84.00 to $122.00 and changing the rating from "Underweight" to "Neutral". Three research analysts have rated the stock with a sell rating, fifteen have given a hold rating and eleven have assigned a buy rating to the company.

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The Firm has ATR of 0.61 that is explaining range of a day's trading is high-low; ATR expands it to yesterday's closing price. This is based on a 1-5 numeric scale where Rating Scale: 1.0 Strong Buy, 2.0 Buy, 3.0 Hold, 4.0 Sell, 5.0 Strong Sell.

The company also recently announced a quarterly dividend, which was paid on Tuesday, August 1st. Finally, Parallel Advisors LLC increased its position in shares of Deere & by 14.7% in the first quarter. The ex-dividend date was set for Wednesday the 28th of June 2017. The company presently has an average rating of "Hold" and a consensus target price of $123.26. Also, insider Cory J. Reed sold 5,601 shares of the business's stock in a transaction dated Thursday, May 25th.

On 8/4/2017 Jean H Gilles, Insider, sold 12,361 with an average share price of $129.90 per share and the total transaction amounting to $1,605,693.90. When considering if perhaps the stock is under or overvalued, the average price target is $144.14 which is 25% above where the stock opened today. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The stock was sold at an average price of $130.89, for a total value of $654,450.00. The Company is involved in providing financial services. The agriculture and turf segment manufactures and distributes a line of agriculture and turf equipment and related service parts.

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