John Deere (DE) Issues Earnings Results


John Deere (NYSE:DE) announced its quarterly earnings results on Friday. The industrial products company reported $3.14 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $3.33 by ($0.19), Morningstar.com reports. John Deere had a return on equity of 27.18% and a net margin of 4.57%. The business had revenue of $9.75 billion for the quarter, compared to analyst estimates of $9.83 billion. During the same quarter last year, the firm posted $2.14 EPS. The company’s revenue was up 34.3% compared to the same quarter last year.


Shares of John Deere opened at $155.25 on Friday, MarketBeat.com reports. The company has a quick ratio of 1.69, a current ratio of 1.98 and a debt-to-equity ratio of 2.85. The firm has a market capitalization of $50.27 billion, a PE ratio of 23.24, a PEG ratio of 2.88 and a beta of 0.81. John Deere has a fifty-two week low of $112.87 and a fifty-two week high of $175.26.

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The company also recently disclosed a quarterly dividend, which was paid on Tuesday, May 1st. Stockholders of record on Thursday, March 29th were issued a $0.60 dividend. The ex-dividend date was Wednesday, March 28th. This represents a $2.40 annualized dividend and a dividend yield of 1.55%. John Deere’s dividend payout ratio (DPR) is 35.93%.


DE has been the subject of a number of analyst reports. Barclays set a $176.00 price target on John Deere and gave the stock an “overweight” rating in a research report on Wednesday, January 24th. ValuEngine upgraded John Deere from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Vetr upgraded John Deere from a “buy” rating to a “strong-buy” rating and set a $177.25 price target for the company in a research report on Monday, February 5th. Zacks Investment Research lowered John Deere from a “buy” rating to a “hold” rating in a research report on Monday, February 12th. Finally, Piper Jaffray reiterated a “neutral” rating and set a $160.00 price target (up previously from $142.00) on shares of John Deere in a research report on Thursday, February 15th. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and sixteen have given a buy rating to the stock. John Deere has a consensus rating of “Buy” and an average target price of $175.17.


In other news, insider Jean H. Gilles sold 15,083 shares of the company’s stock in a transaction on Monday, February 26th. The stock was sold at an average price of $166.98, for a total transaction of $2,518,559.34. Following the completion of the sale, the insider now directly owns 69,089 shares of the company’s stock, valued at $11,536,481.22. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Jean H. Gilles sold 32,183 shares of the company’s stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $165.97, for a total value of $5,341,412.51. Following the sale, the insider now directly owns 77,147 shares of the company’s stock, valued at $12,804,087.59. The disclosure for this sale can be found here. In the last 90 days, insiders sold 316,761 shares of company stock valued at $52,011,683. Insiders own 0.74% of the company’s stock.


Several hedge funds and other institutional investors have recently made changes to their positions in the company. Pillar Pacific Capital Management LLC lifted its holdings in shares of John Deere by 0.7% during the fourth quarter. Pillar Pacific Capital Management LLC now owns 46,477 shares of the industrial products company’s stock valued at $7,274,000 after purchasing an additional 310 shares during the last quarter. Dupont Capital Management Corp lifted its holdings in shares of John Deere by 22.8% during the fourth quarter. Dupont Capital Management Corp now owns 1,681 shares of the industrial products company’s stock valued at $263,000 after purchasing an additional 312 shares during the last quarter. Advisor Partners LLC lifted its holdings in shares of John Deere by 4.4% during the fourth quarter. Advisor Partners LLC now owns 7,730 shares of the industrial products company’s stock valued at $1,317,000 after purchasing an additional 323 shares during the last quarter. Cetera Advisor Networks LLC lifted its holdings in shares of John Deere by 3.6% during the fourth quarter. Cetera Advisor Networks LLC now owns 10,268 shares of the industrial products company’s stock valued at $1,607,000 after purchasing an additional 355 shares during the last quarter. Finally, V Wealth Management LLC lifted its holdings in shares of John Deere by 6.9% during the fourth quarter. V Wealth Management LLC now owns 5,634 shares of the industrial products company’s stock valued at $950,000 after purchasing an additional 364 shares during the last quarter. 66.85% of the stock is owned by institutional investors and hedge funds.


About John Deere

Deere & Company, together with its subsidiaries, manufactures and distributes agriculture and turf, and construction and forestry equipment worldwide. The company's Agriculture and Turf segment provides agriculture and turf equipment, and related service parts, including large, medium, and utility tractors; tractor loaders; combines, cotton pickers, cotton strippers, and sugarcane harvesters; related harvesting front-end equipment; sugarcane loaders and pull-behind scrapers; and tillage, seeding, and application equipment comprising sprayers, and nutrient management and soil preparation machinery.

Earnings History for John Deere (NYSE:DE)

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