Published: Thu, November 23, 2017
Business | By Max Garcia

Touches Record High As Q4 Earnings, Sales Top Estimates

Touches Record High As Q4 Earnings, Sales Top Estimates

Global Endowment Management LP lifted its holdings in Deere & by 7.1% during the 1st quarter.

Other institutional investors have also recently made changes to their positions in the company. QCI Asset Management Inc. Toronto Dominion Bank raised its position in Deere & by 19.5% in the 3rd quarter. Marco Investment Management LLC now owns 1,874 shares of the industrial products company's stock worth $232,000 after buying an additional 6 shares during the last quarter. As of quarter end State Street Corp had acquired 471,106 shares growing its stake by 3.9%.

Analysts had expected the company to earn $1.47 per share, according figures compiled by Thomson Reuters. Guardian Life Insurance Co. of America grew its position in Deere & by 1.4% during the first quarter. Northwest Quadrant Wealth Management LLC now owns 3,165 shares of the industrial products company's stock valued at $418,000 after buying an additional 13 shares during the period. Cutler Investment Counsel LLC lifted its holdings in shares of Deere & by 1.3% in the second quarter.

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Cantab Capital Partners Llp cut its stake by selling 11,471 shares a decrease of 40.8% as of 09/30/2017. Shares have hit a new 52-week high after reaching $143.71 during recent trading action. The shares were sold at an average price of $130.76, for a total value of $2,435,535.76. Following the completion of the sale, the insider now owns 51,429 shares in the company, valued at approximately $6,533,540.16. The shares were sold on November 2nd for an average price of $134.89.

President, WW C&F, Lbr Rltns Max A. Guinn disclosed the sale of 8,551 shares. Over the last 90 days, insiders have sold 102,684 shares of company stock valued at $13,270,809.

Several research analysts recently issued reports on DE shares. Argus reissued a "buy" rating and issued a $140.00 price target on shares of Deere & in a research note on Tuesday, August 22nd.

Receive Deere & Company News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Deere & Company with MarketBeat.com's FREE daily email newsletter. RBC Capital Markets maintained Deere & Company (NYSE:DE) on Thursday, October 5 with "Hold" rating. Moreover, Meag Munich Ergo Kapitalanlagegesellschaft Mbh has 0.12% invested in Deere & Company (NYSE:DE) for 22,186 shares. Corporate insiders own 0.75% of the company's stock. The company has a debt-to-equity ratio of 2.76, a quick ratio of 1.90 and a current ratio of 2.10.

Agriculture & Turf: Sales increased 22 percent for the fourth quarter and 9 percent for the year. Deere & had a return on equity of 25.96% and a net margin of 6.81%. -EPS Growth (Y-o-Y): 74.4% -Analysts Estimate: $1.47 -Revenue (Q4): $7.09 Bln vs. $5.65 Bln previous year.

"Despite current commodity prices, the industry is experiencing stronger replacement demand for large equipment, while demand for small equipment remains solid", Joshua Jepsen, Deere's manager of investor communications, told analysts at a post-earnings conference call. Stockholders of record on Friday, September 29th were paid a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 1.72%. The rating was downgraded by TheStreet to "Hold" on Thursday, September 24. Deere &'s payout ratio is now 40.20%. That's driving more customers to Moline, Illinois-based Deere after years of production and inventory cuts at the company. The Firm is engaged in providing financial services.

Meanwhile, Deere's construction business has been strong.

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