Deere & Company (NYSE:DE) Shares Sold by Lincoln National Corp

Lincoln National Corp lowered its stake in shares of Deere & Company (NYSE:DE) by 38.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 6,634 shares of the industrial products company’s stock after selling 4,197 shares during the quarter. Lincoln National Corp’s holdings in Deere & Company were worth $2,653,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also modified their holdings of the company. GUNN & Co INVESTMENT MANAGEMENT INC. lifted its position in Deere & Company by 9.9% during the 4th quarter. GUNN & Co INVESTMENT MANAGEMENT INC. now owns 1,050 shares of the industrial products company’s stock worth $420,000 after acquiring an additional 95 shares during the period. Spire Wealth Management lifted its holdings in shares of Deere & Company by 24.4% during the fourth quarter. Spire Wealth Management now owns 3,709 shares of the industrial products company’s stock worth $1,419,000 after purchasing an additional 728 shares during the period. Valley Brook Capital Group Inc. grew its position in Deere & Company by 5.0% in the 4th quarter. Valley Brook Capital Group Inc. now owns 4,693 shares of the industrial products company’s stock valued at $1,877,000 after buying an additional 223 shares during the last quarter. W.H. Cornerstone Investments Inc. increased its stake in Deere & Company by 5.9% in the 4th quarter. W.H. Cornerstone Investments Inc. now owns 647 shares of the industrial products company’s stock valued at $259,000 after buying an additional 36 shares during the period. Finally, Fi3 FINANCIAL ADVISORS LLC raised its position in Deere & Company by 15.0% during the 4th quarter. Fi3 FINANCIAL ADVISORS LLC now owns 620 shares of the industrial products company’s stock worth $248,000 after buying an additional 81 shares during the last quarter. Hedge funds and other institutional investors own 68.58% of the company’s stock.

Deere & Company Trading Up 0.9 %

NYSE DE traded up $3.73 during mid-day trading on Tuesday, reaching $405.57. 941,909 shares of the stock were exchanged, compared to its average volume of 1,461,198. The business’s fifty day simple moving average is $392.23 and its 200 day simple moving average is $384.02. The company has a debt-to-equity ratio of 1.81, a quick ratio of 1.81 and a current ratio of 2.05. The stock has a market capitalization of $112.89 billion, a PE ratio of 11.82, a PEG ratio of 1.51 and a beta of 1.04. Deere & Company has a 1-year low of $345.55 and a 1-year high of $450.00.

Deere & Company (NYSE:DE) last released its earnings results on Thursday, February 15th. The industrial products company reported $6.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.19 by $1.04. The firm had revenue of $10.49 billion during the quarter, compared to the consensus estimate of $10.30 billion. Deere & Company had a net margin of 16.38% and a return on equity of 44.60%. Deere & Company’s revenue was down 8.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $6.55 earnings per share. On average, research analysts anticipate that Deere & Company will post 27.37 earnings per share for the current fiscal year.

Deere & Company Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 8th. Stockholders of record on Friday, March 29th will be paid a $1.47 dividend. This represents a $5.88 dividend on an annualized basis and a dividend yield of 1.45%. The ex-dividend date of this dividend is Wednesday, March 27th. Deere & Company’s dividend payout ratio is presently 17.12%.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on DE. Melius Research reiterated a “hold” rating on shares of Deere & Company in a research note on Monday, January 8th. Melius downgraded Deere & Company from a “buy” rating to a “hold” rating in a research note on Monday, January 8th. Stifel Nicolaus dropped their price objective on Deere & Company from $435.00 to $425.00 and set a “buy” rating on the stock in a report on Friday, February 16th. Citigroup reduced their target price on Deere & Company from $450.00 to $435.00 and set a “buy” rating for the company in a report on Friday, February 16th. Finally, JPMorgan Chase & Co. upped their price target on shares of Deere & Company from $415.00 to $425.00 and gave the stock a “neutral” rating in a research note on Friday, April 12th. Ten investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $433.28.

Deere & Company Company Profile

Deere & Company engages in the manufacture and distribution of various equipment worldwide. The company operates through four segments: Production and Precision Agriculture, Small Agriculture and Turf, Construction and Forestry, and Financial Services. The Production and Precision Agriculture segment provides large and medium tractors, combines, cotton pickers and strippers, sugarcane harvesters and loaders, harvesting front-end equipment, pull-behind scrapers, and tillage and seeding equipment, as well as application equipment, including sprayers and nutrient management, and soil preparation machinery for grain growers.