Large Outflow of Money Witnessed in Deere & Company

Deere & Company (NYSE:DE) managed to stay afloat and traded higher with an addition of 0.18 point or 0.21% at $85.85. The money flow data is a negative $(-10.1) million with $28.76 million in upticks and $38.86 million in downticks. The intraday up/down ratio came in at 0.74. The shares have seen 0.33% change for the week in its share price.From the data available, it was found that a block transaction occurred during the course of trading. For it, the aggregated worth of the upticks was $0 million and the combined worth of the downticks was $8.95, Million, leading to the up/down ratio of 0. The block trade saw a net money flow of $(-8.95) million.


Currently the company Insiders own 0.75% of Deere & Company shares according to the proxy statements. Institutional Investors own 73.26% of Deere & Company shares. On the companys insider trading activities, The Securities and Exchange Commission has divulged that Kalathur Rajesh, officer (Senior Vice President & CFO) of Deere & Co, had unloaded 4,366 shares at an average price of $79.52 in a transaction dated on December 2, 2015. The total value of the transaction was worth $347,184.

Deere & Company (NYSE:DE) stock ended Monday session in the red zone in a volatile trading. The stock closed down 0.35 points or 0.41% at $85.32 with 2,771,475 shares getting traded. Post opening the session at $85.64, the shares hit an intraday low of $85.3 and an intraday high of $86.87 and the price was in this range throughout the day. The company has a market cap of $26,813 million and the number of outstanding shares have been calculated to be 314,258,890 shares. The 52-week high of Deere & Company (NYSE:DE) is $98.23 and the 52-week low is $70.16.

Many analysts have stated their opinion on the company shares. Equity Analysts at the Brokerage Firm, Goldman Sachs, upgrades their rating on the shares of Deere & Company (NYSE:DE). Goldman Sachs has a Buy rating on the shares. Previously, the analysts had a Neutral rating on the shares. As per the latest research report, the brokerage house raises the price target to $105 per share from a prior target of $87. The rating by the firm was issued on June 3, 2016.

Deere & Company is engaged in equipment operations and financial services. The Company operates through three business segments: agriculture and turf, construction and forestry, and financial services. The Companys agriculture and turf segment primarily manufactures and distributes a full line of agriculture and turf equipment and related service parts. The Companys construction and forestry segment primarily manufactures and distributes a range of machines and service parts used in construction, earthmoving, material handling and timber harvesting. The Companys financial services segment primarily provides credit services, which include finance sales and leases by John Deere dealers of new and used agriculture and turf equipment and construction and forestry equipment.

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