Deere & Company (DE) Shares Gap Up on Earnings Beat

Deere & Company (DE) Shares Gap Up on Earnings Beat

Blue Edge Capital, LLC divested its position by shedding 278 shares a decrease of 4.1% in the quarter. Capital International Investors now owns 8,807,474 shares of the industrial products company's stock worth $1,106,131,000 after buying an additional 2,300,531 shares in the last quarter. Northwest Quadrant Wealth Management LLC lifted its stake in Deere & by 0.4% during the 2nd quarter. Howard Hughes Medical Institute purchased a new position in Deere & Company during the third quarter worth $5,121,000. BlackRock Inc. raised its position in shares of Deere & by 2,432.6% in the first quarter. Skandinaviska Enskilda Banken AB publ now owns 48,544 shares of the industrial products company's stock worth $4,143,000 after buying an additional 2,200 shares during the last quarter.

When discussing institutional holdings, checking out a public company's active positions is a good method of understanding how institutional investors see the value of the stock.

Deere & Co's (DE.N) shares surged on Wednesday after the equipment maker beat quarterly earnings estimates and predicted further improvements in the coming year, amid strong sales in South America and higher demand in the United States and Canada.

Traders are more bullish on shares of the company of late as indicated by the downtick in short interest.

There has been some selling insider activity on Deere & Company (NYSE:DE) recently.

Shares of Deere & Company (NYSE:DE) opened at $145.25 on Thursday. 499,838 shares of the stock were exchanged. The firm's 50-day moving average is $110.13 and its 200 day moving average is $104.62. Deere & Company's beta is 0.75 whilst the stock has an average true range (ATR) of 1.97. Investors also cheered strong quarterly results from top companies in Corporate America.

Demand for the company's farm, construction and forestry machinery pushed Deere's quarterly profit up by 79 per cent compared with a year ago to $510 million, as sales grew by almost 26 per cent to $7.1 billion.

Revenues rose 25.6% from a year ago to $7.09 billion, also topping analysts' view for $6.91 billion.

Deere & Company, launched on April 25, 1958, is involved in equipment operations. During the same period in the previous year, the business earned $0.90 EPS. This is up 74% from its earnings per share reported in the same period of the year prior. Stockholders of record on Friday, September 29th were given a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 1.65%. The ex-dividend date was Thursday, September 28th. The company has a quick ratio of 1.90, a current ratio of 2.10 and a debt-to-equity ratio of 2.76. Several brokerages have commented on DE. Following the completion of the transaction, the insider now directly owns 51,429 shares of the company's stock, valued at approximately $6,533,540.16. Credit Suisse Group AG set a $132.00 price objective on shares of Deere & Company and gave the stock a "buy" rating in a research report on Friday, February 17th. On August 22 Argus made no change to the company rating of "Buy" with a current price target of $140.00. Three research analysts have rated the stock with a sell rating, eleven have issued a hold rating and twelve have issued a buy rating to the stock. The stock presently has an average rating of "Hold" and an average target price of $102.56. The legal version of this piece can be accessed at The stock was sold at an average price of $109.40, for a total value of $3,151,595.20. Following the transaction, the insider now owns 57,086 shares in the company, valued at approximately $7,725,448.38. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

What is Wall Street saying about Deere & Company Inc (DE) these days? The Company is engaged in providing financial services.