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The closing price of Deere & Co. (NYSE: DE) was $355.00 for the day, down -1.40% from the previous closing price of $360.03. In other words, the price has decreased by -$1.40 from its previous closing price. On the day, 1.66 million shares were traded. DE stock price reached its highest trading level at $361.64 during the session, while it also had its lowest trading level at $354.75.
Ratios:
Our analysis of DE’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 14.72 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 19.82. 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, Truist on July 02, 2024, Reiterated its Buy rating but revised its target price to $439 from $460 previously.
On June 28, 2024, Raymond James started tracking the stock assigning a Outperform rating and target price of $420.
On June 26, 2024, Citigroup started tracking the stock assigning a Neutral rating and target price of $395.Citigroup initiated its Neutral rating on June 26, 2024, with a $395 target price.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Jun 24 ’24 when Reed Cory J sold 13,370 shares for $377.63 per share. The transaction valued at 5,048,913 led to the insider holds 41,642 shares of the business.
CAMPBELL RYAN D sold 6,073 shares of DE for $2,302,821 on Oct 02 ’23. The Pres, WWC&F and Pwr Systems now owns 18,519 shares after completing the transaction at $379.19 per share. On Jul 25 ’23, another insider, Reed Cory J, who serves as the Pres Ag & Turf, Prod & Prec Ag of the company, sold 4,680 shares for $449.75 each. As a result, the insider received 2,104,830 and left with 36,563 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 97827340288 and an Enterprise Value of 160701464576. As of this moment, Deere’s Price-to-Earnings (P/E) ratio for their current fiscal year is 10.69, and their Forward P/E ratio for the next fiscal year is 14.29. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.67 while its Price-to-Book (P/B) ratio in mrq is 4.31. Its current Enterprise Value per Revenue stands at 2.742 whereas that against EBITDA is 10.387.
Stock Price History:
The Beta on a monthly basis for DE is 0.94, which has changed by -0.14209765 over the last 52 weeks, in comparison to a change of 0.2553556 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 -7.36%, while the 200-Day Moving Average is calculated to be -7.35%.
Shares Statistics:
DE traded an average of 1.51M shares per day over the past three months and 2017170 shares per day over the past ten days. A total of 281.58M shares are outstanding, with a floating share count of 255.56M. Insiders hold about 7.26% of the company’s shares, while institutions hold 70.85% stake in the company. Shares short for DE as of 1718323200 were 3621135 with a Short Ratio of 2.39, compared to 1715731200 on 3579199. Therefore, it implies a Short% of Shares Outstanding of 3621135 and a Short% of Float of 1.3200001.
Dividends & Splits
With its trailing 12-month dividend rate of 5.54, DE has a forward annual dividend rate of 5.76. Against a Trailing Annual Dividend Yield of 0.015387607The 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 2024-06-28 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.
