A new trading day began on Tuesday, with Deere & Co. (NYSE: DE) stock price down -0.60% from the previous day of trading, before settling in for the closing price of $399.61. DE’s price has ranged from $345.55 to $450.00 over the past 52 weeks.
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Over the past five-year period, the growth rate of yearbook sales for the company of the Industrials sector was 11.08%. Meanwhile, its annual earnings per share averaged -21.18%. With a float of $258.17 million, this company’s outstanding shares have now reached $281.58 million.
Considering the fact that the conglomerate employs 83000 people, you should pay attention to its efficiency factor.
Deere & Co. (DE) Breakdown of a Key Holders of the stock
As we move forward, let’s examine how large-scale investors are investing in this stock of the Farm & Heavy Construction Machinery Industry. The insider ownership of Deere & Co. is 7.25%, while institutional ownership is 70.67%. The most recent insider transaction that took place on Oct 02 ’23, was worth 2,302,821. In this transaction Pres, WWC&F and Pwr Systems of this company sold 6,073 shares at a rate of $379.19, taking the stock ownership to the 18,519 shares. Before that another transaction happened on Jul 25 ’23, when Company’s Pres Ag & Turf, Prod & Prec Ag sold 4,680 for $449.75, making the entire transaction worth $2,104,830. This insider now owns 36,563 shares in total.
Deere & Co. (DE) Recent Fiscal highlights
According to the Wall Street analysts, stocks earnings will be around -21.18% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will plunge by -6.80% during the next five years compared to 36.77% growth over the previous five years of trading.
Deere & Co. (NYSE: DE) Trading Performance Indicators
Here are Deere & Co.’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 0.44. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.82. Likewise, its price to free cash flow for the trailing twelve months is 24.82.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 34.33, a number that is poised to hit 7.88 in the next quarter and is forecasted to reach 27.31 in one year’s time.
Technical Analysis of Deere & Co. (DE)
Compared to the last year’s volume of 1.49 million, its volume of 1.28 million showed lagged in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 45.25%. Additionally, its Average True Range was 7.48.
During the past 100 days, Deere & Co.’s (DE) raw stochastic average was set at 71.47%, which indicates a significant increase from 37.54% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 18.75% in the past 14 days, which was lower than the 21.13% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $386.34, while its 200-day Moving Average is $391.78. Nevertheless, the first resistance level for the watch stands at $402.98 in the near term. At $408.75, the stock is likely to face the second major resistance level. The third major resistance level sits at $411.88. If the price goes on to break the first support level at $394.08, it is likely to go to the next support level at $390.95. Now, if the price goes above the second support level, the third support stands at $385.18.
Deere & Co. (NYSE: DE) Key Stats
With a market capitalization of 110.57 billion, the company has a total of 278,358K Shares Outstanding. Currently, annual sales are 61,251 M while annual income is 10,166 M. The company’s previous quarter sales were 12,185 M while its latest quarter income was 1,751 M.
