Deere & Company (DE) To Go Ex-Dividend on December 31st

Deere & Company (NYSE:DE) declared a quarterly dividend on Wednesday, December 3rd. Shareholders of record on Wednesday, December 31st will be paid a dividend of 1.62 per share by the industrial products company on Monday, February 9th. This represents a c) dividend on an annualized basis and a yield of 1.3%. The ex-dividend date of this dividend is Wednesday, December 31st.

Deere & Company has increased its dividend payment by an average of 0.2%annually over the last three years and has raised its dividend every year for the last 4 years. Deere & Company has a dividend payout ratio of 29.3% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Deere & Company to earn $22.03 per share next year, which means the company should continue to be able to cover its $6.48 annual dividend with an expected future payout ratio of 29.4%.

Deere & Company Trading Up 0.2%

NYSE:DE opened at $482.60 on Friday. The stock has a market cap of $130.46 billion, a price-to-earnings ratio of 26.07, a PEG ratio of 1.77 and a beta of 1.00. The company has a debt-to-equity ratio of 1.68, a quick ratio of 2.01 and a current ratio of 2.22. Deere & Company has a 1 year low of $403.01 and a 1 year high of $533.78. The business has a fifty day moving average of $467.58 and a 200-day moving average of $489.59.

Deere & Company (NYSE:DE) last posted its quarterly earnings data on Wednesday, November 26th. The industrial products company reported $3.93 earnings per share for the quarter, missing the consensus estimate of $3.96 by ($0.03). The company had revenue of $12.39 billion during the quarter, compared to analyst estimates of $9.77 billion. Deere & Company had a return on equity of 20.54% and a net margin of 11.00%.The business’s revenue for the quarter was up 14.1% compared to the same quarter last year. During the same period in the previous year, the company earned $4.55 EPS. Equities analysts predict that Deere & Company will post 19.32 earnings per share for the current year.

Insider Activity

In other news, CEO John C. May II sold 11,106 shares of the stock in a transaction on Tuesday, November 25th. The stock was sold at an average price of $500.08, for a total transaction of $5,553,888.48. Following the completion of the sale, the chief executive officer owned 112,453 shares in the company, valued at approximately $56,235,496.24. This represents a 8.99% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.29% of the company’s stock.

Hedge Funds Weigh In On Deere & Company

A number of hedge funds have recently modified their holdings of the stock. Mid American Wealth Advisory Group Inc. acquired a new position in shares of Deere & Company in the 2nd quarter valued at $25,000. Strategic Advocates LLC acquired a new stake in Deere & Company during the 3rd quarter worth about $25,000. Activest Wealth Management raised its holdings in Deere & Company by 2,750.0% during the 1st quarter. Activest Wealth Management now owns 57 shares of the industrial products company’s stock worth $27,000 after buying an additional 55 shares during the period. Howard Hughes Medical Institute purchased a new stake in Deere & Company during the second quarter valued at about $27,000. Finally, Wealth Watch Advisors INC acquired a new position in shares of Deere & Company in the third quarter worth about $32,000. 68.58% of the stock is currently owned by institutional investors and hedge funds.

Deere & Company Company Profile

Deere & Co engages in the manufacture and distribution of equipment used in agriculture, construction, forestry, and turf care. It operates through the following segments: Agriculture and Turf, Construction and Forestry, and Financial Services. The Agriculture and Turf segment focuses on the distribution and manufacture of a full line of agriculture and turf equipment and related service parts.