Group Pres., Life Sol & CAO Howze Marc A sale 4,019 shares of Deere & Company [DE]

Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Deere & Company shares valued at $1,499,979 were sold by Howze Marc A on Sep 09. At $373.22 per share, Howze Marc A sold 4,019 shares. The insider’s holdings dropped to 17,321 shares worth approximately $6.0 million following the completion of this transaction.


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Also, Stone John H sold 17,145 shares, netting a total of over 74,084,689 in proceeds. Following the sale of shares at $4321.07 each, the insider now holds 21,087 shares.

Before that, Stone John H had sold 6,497 shares from its account. In a trade valued at $2,250,511, the President, WW C&F & Pwr Syst traded Deere & Company shares for $346.39 each. Upon closing the transaction, the insider’s holdings decreased to 6,497 shares, worth approximately $7.3 million.

As published in a research note from Evercore ISI on August 11, 2022, Deere & Company [DE] has been rated up from an In-line to an Outperform. Analysts at Citigroup upgraded the stock from ‘”a Neutral”‘ to ‘”a Buy”‘ outlook in a report released in early July. As of June 09, 2022, Cowen has initiated its “Market perform” rating for DE. Earlier on April 25, 2022, BofA Securities downgraded its rating. Their new recommendation was “a Neutral” for DE stock which previously was a “a Buy”.

Analyzing DE’s Price Performance

On Thursday, Deere & Company [NYSE: DE] plunged -1.05% to $346.13. The stock’s lowest price that day was $345.93, but it reached a high of $354.05 in the same session. During the last five days, there has been a drop of approximately -3.52%. Over the course of the year, Deere & Company shares have jumped approximately 0.94%. Shares of the company reached a 52-week high of $446.76 on 04/20/22 and a 52-week low of $283.81 on 07/06/22. A 50-day SMA is recorded $350.36, while a 200-day SMA reached $363.91. Nevertheless, trading volume fell to 1.0 million shares from 1.01 million shares the previous day.

Support And Resistance Levels for Deere & Company (DE)

According to the 24-hour chart, there is a support level at 343.36, which, if violated, would cause prices to drop to 340.58. In the upper region, resistance lies at 351.48. The next price resistance is at 356.82. RSI (Relative Strength Index) is 39.36 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -10.61, which suggests the price will decrease in the coming days. Percent R is at 99.33%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.

Is Deere & Company subject to short interest?

Stocks of Deere & Company saw a sharp rise in short interest on Jul 14, 2022 jumping by 0.16 million shares to 2.8 million. Data from Yahoo Finance shows that the short interest on Jun 14, 2022 was 2.64 million shares. A jump of 5.71% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 1.56 of the overall float, the days-to-cover ratio (short ratio) jumped to 1.56.

Which companies own the most shares of Deere & Company (DE)?

According to The Vanguard Group, Inc. filings, the company currently owns 20,727,205 shares, which is about 6.78% of the total DE shares outstanding. The investor’s shares have appreciated by 191,870 from its previous 13-F filing of 20535335.0 shares. With the completion of the buy transaction, BlackRock Fund Advisors’s stake is now worth $4,292,856,665. SSgA Funds Management, Inc. reduced a -3.34% interest valued at $3.99 billion while JPMorgan Investment Management, I purchased a 77,613 stake. A total of -180,846 shares of Deere & Company were bought by Wellington Management Co. LLP during the quarter, and 293,666 were bought by Fidelity Management & Research Co. In its current portfolio, Janus Henderson Investors US LLC holds 4,629,055 shares valued at $1.69 billion.

In terms of Deere & Company share price expectations, FactSet research, analysts set an average price target of $406.91 in the next 12 months, up nearly 17.35% from the previous closing price of $349.81. Analysts anticipate Deere & Company stock to reach $466.00 by 2022, with the lowest price target being $342.00. In spite of this, 26 analysts ranked Deere & Company stock as an Overweight at the end of 2022. On March 28, 2022, JP Morgan assigned a price target of “a Neutral” to the stock and upgraded coverage with a $440.

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