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

Lincoln National Corp reduced its stake in shares of Deere & Company (NYSE:DE) by 1.1% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,260 shares of the industrial products company’s stock after selling 24 shares during the period. Lincoln National Corp’s holdings in Deere & were worth $279,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of DE. Kistler Tiffany Companies LLC raised its stake in shares of Deere & by 0.4% during the 1st quarter. Kistler Tiffany Companies LLC now owns 2,023 shares of the industrial products company’s stock worth $220,000 after buying an additional 8 shares during the last quarter. Nadler Financial Group Inc. raised its stake in shares of Deere & by 0.4% during the 2nd quarter. Nadler Financial Group Inc. now owns 2,704 shares of the industrial products company’s stock worth $334,000 after buying an additional 10 shares during the last quarter. Guardian Life Insurance Co. of America raised its stake in shares of Deere & by 1.4% during the 1st quarter. Guardian Life Insurance Co. of America now owns 1,132 shares of the industrial products company’s stock worth $123,000 after buying an additional 16 shares during the last quarter. RMB Capital Management LLC raised its stake in shares of Deere & by 0.6% during the 1st quarter. RMB Capital Management LLC now owns 3,329 shares of the industrial products company’s stock worth $362,000 after buying an additional 19 shares during the last quarter. Finally, Country Club Trust Company n.a. raised its stake in shares of Deere & by 1.0% during the 2nd quarter. Country Club Trust Company n.a. now owns 1,945 shares of the industrial products company’s stock worth $240,000 after buying an additional 20 shares during the last quarter. Institutional investors own 66.58% of the company’s stock.

In other news, insider Jean H. Gilles sold 12,361 shares of the stock in a transaction dated Friday, August 4th. The stock was sold at an average price of $129.90, for a total transaction of $1,605,693.90. Following the transaction, the insider now owns 74,981 shares of the company’s stock, valued at approximately $9,740,031.90. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Pentz Markwart Von sold 46,457 shares of the stock in a transaction dated Tuesday, August 22nd. The shares were sold at an average price of $116.74, for a total value of $5,423,390.18. Following the transaction, the insider now directly owns 47,165 shares in the company, valued at approximately $5,506,042.10. The disclosure for this sale can be found here. Insiders have sold a total of 76,769 shares of company stock valued at $9,357,212 over the last ninety days. Company insiders own 0.75% of the company’s stock.

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Deere & Company (DE) opened at 117.26 on Wednesday. The firm has a 50-day moving average price of $122.92 and a 200-day moving average price of $118.18. Deere & Company has a 12-month low of $80.35 and a 12-month high of $132.50. The stock has a market cap of $37.62 billion, a PE ratio of 19.48 and a beta of 0.70.

Deere & (NYSE:DE) last posted its quarterly earnings results on Friday, August 18th. The industrial products company reported $1.97 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.93 by $0.04. Deere & had a return on equity of 25.96% and a net margin of 6.81%. The company had revenue of $6.83 billion during the quarter, compared to the consensus estimate of $6.92 billion. During the same period last year, the business earned $1.55 EPS. The business’s quarterly revenue was up 16.6% on a year-over-year basis. Analysts forecast that Deere & Company will post $6.52 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 1st. Stockholders of record on Friday, September 29th will be paid a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.05%. The ex-dividend date is Thursday, September 28th. Deere &’s dividend payout ratio (DPR) is presently 40.20%.

Several research analysts have recently issued reports on DE shares. Credit Suisse Group set a $132.00 price target on Deere & and gave the stock a “buy” rating in a research note on Saturday, May 20th. Barclays PLC lifted their price target on Deere & from $82.00 to $90.00 and gave the stock a “sell” rating in a research note on Monday, May 22nd. Stifel Nicolaus lifted their price target on Deere & from $126.00 to $135.00 and gave the stock a “buy” rating in a research note on Monday, May 22nd. Deutsche Bank AG lifted their price target on Deere & from $122.00 to $135.00 and gave the stock a “hold” rating in a research note on Monday, May 22nd. Finally, Robert W. Baird lifted their price target on Deere & from $125.00 to $130.00 and gave the stock an “outperform” rating in a research note on Monday, May 22nd. Three investment analysts have rated the stock with a sell rating, sixteen have issued a hold rating and ten have assigned a buy rating to the company. Deere & currently has an average rating of “Hold” and an average target price of $127.58.

Deere & Profile

Deere & Company is engaged in equipment operations. The Company is engaged in providing financial services. The Company operates through three business segments: agriculture and turf, construction and forestry, and financial services. The agriculture and turf segment manufactures and distributes a line of agriculture and turf equipment and related service parts.

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Institutional Ownership by Quarter for Deere & (NYSE:DE)

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