Economy

Deere's Posts 5th Best Year for Sales, Earnings

Deere's Posts 5th Best Year for Sales, Earnings

Analysts await Deere & Company (NASDAQ:DE) to report earnings on Nov, 22 for the fiscal quarter ending Oct 2017. Lord Abbett Limited Company reported 0.13% of its portfolio in Deere & Company (NYSE:DE). That transaction was set to be finalized next month, Deere said Wednesday. Deere & Company has $16500 highest and $63 lowest target. (The) reissued a "buy" rating on shares of Deere & in a research report on Sunday, August 20th.

Deere is forecasting worldwide sales of agriculture and turf equipment to increase by about 9 percent for fiscal-year 2018. ValuEngine upgraded Deere & from a "hold" rating to a "buy" rating in a research note on Friday, September 1st. Volume was up 189.22% over the stocks average daily volume.

Shares of Deere & (NYSE:DE) traded up $6.02 on Thursday, reaching $145.25.

Traders sold shares of Deere & Company (NYSE:DE) on strength during trading on Tuesday. Deere & Company's now has a PEG ratio of 0.98 where as its P/E ratio is 23.26.

U.S. attacks militants in Somalia, Libya
It said the strikes were done in coordination with Libya's interim government, known as the Government of National Accord. The U.S. military says it killed more than 100 militants in an airstrike on an extremist group's camp in Somalia.

On November 2 BMO Capital Markets left the stock rating at "Buy" projecting a price of $150.00.

In the US and Canada, Deere's biggest market, net equipment sales were up 23 percent in the latest quarter. The industrial products company reported $1.57 earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of $1.47 by $0.10. Deere & Company had 97 analyst reports since July 27, 2015 according to SRatingsIntel.

Deere & Company, launched on April 25, 1958, is involved in equipment operations. During the same period in the previous year, the company posted $0.90 EPS. analysts expect that Deere & will post 6.51 earnings per share for the current year.

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Zimbabwe President, Robert Mugabe Finally Resigns After 37 Years In Power
Maimane said Mugabe must step down immediately and Zimbabwe should go to the polls to elect a new government. Some African leaders have condemned the military takeover in Zimbabwe as an undemocratic coup.

In other news, insider Pentz Markwart Von sold 24,143 shares of Deere & stock in a transaction dated Monday, November 6th. The shares were sold at an average price of $108.78, for a total value of $198,958.62. Following the transaction, the insider now directly owns 51,626 shares in the company, valued at approximately $6,200,282.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 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. The disclosure for this sale can be found here. In the last 12 months, there have been 33 open market buys by insiders and 44 sells for a total of 77 insider trades. 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. Deere &'s revenue was up 25.6% compared to the same quarter past year. Ballentine Partners LLC boosted its position in shares of Deere & by 37.7% during the third quarter. Nadler Financial Group Inc. now owns 2,704 shares of the industrial products company's stock worth $334,000 after acquiring an additional 10 shares in the last quarter.

At the moment, the top institutional investor at Deere & Company (DE) is VANGUARD GROUP INC, which now holds 23,122,377 shares. 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. Principal Financial Group Inc. now owns 1,450,533 shares of the industrial products company's stock worth $179,271,000 after buying an additional 1,027,175 shares in the last quarter.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock.

"What you're seeing right now is replacement of equipment, especially large equipment", Deere spokesman Ken Golden told the Waterloo (Iowa) Courier.

Palestinians 'freeze' communications with USA over PLO office row
The US State Department told CNN that it was looking into the matter but had no further comment t that time. "We are still waiting to know they actually plan to close the office".


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