Deere & Company shares rose $2.82 (+2.03%) in premarket trading Wednesday. Deere & Company's now has a PEG ratio of 0.98 where as its P/E ratio is 23.26.
The firm has a market capitalization of $44,734.17, a price-to-earnings ratio of 23.32, a P/E/G ratio of 2.47 and a beta of 0.73.
General Electric Co.'s stock rallied 1.9% in morning trade Wednesday, enough to pace the Dow Jones Industrial Average's gainers, as it bounced sharply off the previous session's six-year closing low.
Deere said net income attributable to the company rose 79 percent to $510.3 million or $1.57 per share in the fourth quarter, while total net sales rose 25.5 percent to $7.09 billion.
Demonstrating that US industrial companies are benefiting from a tailwind in overseas markets, Deere's sales outside North America jumped 30 percent in the fourth quarter ended October 29. Deere & had a net margin of 6.81% and a return on equity of 25.96%.
The company said that results in farm and construction equipment showed improvement over the fiscal year, and it singled out strength in South America, as it did when it reported results for the prior quarter in August.
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In other Deere & Company news, CEO Samuel R. Allen sold 28,808 shares of the company's stock in a transaction on Wednesday, February 22nd. The shares were sold at an average price of $132.98, for a total transaction of $953,998.52. Insiders own 0.85% of the company's stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider John C. May II sold 22,095 shares of Deere & stock in a transaction dated Monday, October 2nd. Following the completion of the sale, the chief executive officer now directly owns 299,596 shares in the company, valued at approximately $32,775,802.40.
President, WW C&F, Lbr Rltns Max A. Guinn disclosed the sale of 8,551 shares of (DE). Insiders have sold 102,684 shares of company stock worth $13,270,809 in the last three months.
A number of equities analysts have weighed in on DE shares. Skandinaviska Enskilda Banken AB publ raised its position in Deere & Company by 4.7% in the third quarter. Marco Investment Management LLC now owns 1,874 shares of the industrial products company's stock worth $232,000 after acquiring an additional 6 shares in the last quarter. Operating profit was $85 million for the quarter and $337 million for the year, which compared with an operating loss of $17 million and operating profit of $180 million for the same periods, respectively, in 2016. Ballentine Partners LLC boosted its position in shares of Deere & by 37.7% during the third quarter. Skandinaviska Enskilda Banken AB publ now owns 48,544 shares of the industrial products company's stock worth $4,143,000 after buying an additional 2,200 shares during the last quarter. Goldman Sachs Group, Inc. Vanguard Group Inc is the second biggest holder with 22 million shares now valued at 2.67 B million whilst State Street Corp has 12 million shares valued at 1.49 B million. The correct version of this article can be read at https://www.truebluetribune.com/2017/11/23/mengis-capital-management-inc-has-1-55-million-position-in-deere-company-de.html. Dimensional Fund Advisors LP now owns 935,907 shares of the industrial products company's stock worth $101,884,000 after buying an additional 10,726 shares in the last quarter. Retirement Systems of Alabama now owns 155,183 shares of the industrial products company's stock worth $19,489,000 after purchasing an additional 12,503 shares in the last quarter.
Deere & Company is engaged in equipment operations. The Company is engaged in providing financial services.
Deere and Company is recovering from three years of a global farm recession and weak construction markets. The agriculture and turf segment manufactures and distributes a line of agriculture and turf equipment and related service parts.