What Are The Chances Of Deere & Co. (NYSE: DE) Becoming A Clear Buy?

After Hours

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. The stock was recently discussed on Yahoo Finance as it revealed that Kellye Walker Joins Deere & Company as Senior Vice President, Chief Legal Officer and Worldwide Public Affairs.

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Stocks Info

As a NYSE listed company, DE falls under the Industrials sector while operating within the Farm & Heavy Construction Machinery industry segment. The current market capitalization of Deere & Co. is $112.46B. A total of 1.16 million shares were traded on the day, compared to an average of 1.53M shares.

In the most recent transaction, CAMPBELL RYAN D sold 6,073 shares of DE for 379.19 per share on Oct 02 ’23. After the transaction, the Pres, WWC&F and Pwr Systems now owns 18,519 company shares. In a previous transaction on Jul 25 ’23, Reed Cory J sold 4,680 shares at 449.75 per share. DE shares that Pres Ag & Turf, Prod & Prec Ag owns now total 36,563.

Among the insiders who sold shares, May John C II disposed of 52,967 shares on Jun 22 ’23 at a per-share price of $416.02. This resulted in the Chairman & CEO holding 109,126 shares of DE after the transaction. In another insider transaction, von Pentz Markwart sold 27,933 shares at $381.59 per share on Jun 07 ’23. Company shares held by the Pres Ag & Turf, Sml Ag & Turf now total 57,115.

Dividend

Investors prefer companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook. Deere & Co. pays an annual dividend of $5.54, resulting in a dividend yield of 1.37%, and it has a price to earnings (P/E) ratio of 11.77. DE’s most recent ex-dividend date was 3/27/2024 when it declared a $1.47 quarterly dividend that was paid in cash on 5/8/2024. Previously, the company paid the dividend on 2/8/2024 with an ex-dividend date of 12/28/2023. The DE stock dividend was $1.47 per share in cash.

In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. In terms of 52-week highs and lows, DE has a high of $450.00 and a low of $345.55.

As of this writing, DE has an earnings estimate of $7.86 per share for the current quarter. EPS was calculated based on a consensus of 20 estimates, with a high estimate of $8.45 per share and a lower estimate of $7.44. The company reported an EPS of $8.32 in the last quarter, which was 11.40% higher than expectations of $7.47.

Balance Sheet Annually/Quarterly

The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s prospects. DE’s latest balance sheet shows that the firm has $8.74B in Cash & Short Term Investments as of fiscal 2021. There were $48.69B in debt and $27.87B in liabilities at the time. Its Book Value Per Share was $79.30, while its Total Shareholder’s Equity was $18.43B.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for DE is Buy with a score of 4.19.

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