Analyzing Ratios: Deere & Co. (DE)’s Financial Story Unveiled

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The price of Deere & Co. (NYSE: DE) closed at $381.53 in the last session, down -0.32% from day before closing price of $382.76. In other words, the price has decreased by -$0.32 from its previous closing price. On the day, 1.35 million shares were traded. DE stock price reached its highest trading level at $384.5 during the session, while it also had its lowest trading level at $380.01.

Ratios:

We take a closer look at DE’s different ratios to gain a better understanding of the stock. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 15.82 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 21.30. For the most recent quarter (mrq), Quick Ratio is recorded 0.46 and its Current Ratio is at 0.67. In the meantime, Its Debt-to-Equity ratio is 2.91 whereas as Long-Term Debt/Eq ratio is at 1.81.

Upgrades & Downgrades

In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, TD Cowen on May 17, 2024, Reiterated its Hold rating but revised its target price to $390 from $383 previously.

On March 14, 2024, Truist started tracking the stock assigning a Buy rating and target price of $494.

On January 08, 2024, Morgan Stanley started tracking the stock assigning a Overweight rating and target price of $430.Morgan Stanley initiated its Overweight rating on January 08, 2024, with a $430 target price.

Insider Transactions:

An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Oct 02 ’23 when CAMPBELL RYAN D sold 6,073 shares for $379.19 per share. The transaction valued at 2,302,821 led to the insider holds 18,519 shares of the business.

Reed Cory J sold 4,680 shares of DE for $2,104,830 on Jul 25 ’23. The Pres Ag & Turf, Prod & Prec Ag now owns 36,563 shares after completing the transaction at $449.75 per share. On Jun 22 ’23, another insider, May John C II, who serves as the Chairman & CEO of the company, sold 52,967 shares for $416.02 each. As a result, the insider received 22,035,545 and left with 109,126 shares of the company.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, DE now has a Market Capitalization of 105477406720 and an Enterprise Value of 168012349440. As of this moment, Deere’s Price-to-Earnings (P/E) ratio for their current fiscal year is 11.49, and their Forward P/E ratio for the next fiscal year is 15.09. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.79 while its Price-to-Book (P/B) ratio in mrq is 4.63. Its current Enterprise Value per Revenue stands at 2.867 whereas that against EBITDA is 10.859.

Stock Price History:

The Beta on a monthly basis for DE is 0.94, which has changed by -0.056669533 over the last 52 weeks, in comparison to a change of 0.2586832 over the same period for the S&P500. Over the past 52 weeks, DE has reached a high of $450.00, while it has fallen to a 52-week low of $353.15. The 50-Day Moving Average of the stock is -2.15%, while the 200-Day Moving Average is calculated to be -0.97%.

Shares Statistics:

According to the various share statistics, DE traded on average about 1.38M shares per day over the past 3-months and 1228400 shares per day over the past 10 days. A total of 281.58M shares are outstanding, with a floating share count of 255.57M. Insiders hold about 7.26% of the company’s shares, while institutions hold 70.86% stake in the company. Shares short for DE as of 1715731200 were 3579199 with a Short Ratio of 2.76, compared to 1713139200 on 3426811. Therefore, it implies a Short% of Shares Outstanding of 3579199 and a Short% of Float of 1.2999999.

Dividends & Splits

The forward annual dividend rate for DE is 5.54, which was 5.54 in the trailing 12 months. Against a Trailing Annual Dividend Yield of 0.014473821The stock’s 5-year Average Dividend Yield is 1.33. The current Payout Ratio is 14.58% for DE, which recently paid a dividend on 2024-03-27 with an ex-dividend date of 1719532800. Stock splits for the company last occurred on 2007-12-04 when the company split stock in a 2:1 ratio.

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