LPL Financial LLC Has $153.94 Million Holdings in Deere & Company (NYSE:DE)

LPL Financial LLC lifted its position in shares of Deere & Company (NYSE:DE) by 0.9% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 363,324 shares of the industrial products company’s stock after purchasing an additional 3,336 shares during the quarter. LPL Financial LLC owned 0.13% of Deere & Company worth $153,941,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Pineridge Advisors LLC raised its holdings in Deere & Company by 60.5% during the fourth quarter. Pineridge Advisors LLC now owns 69 shares of the industrial products company’s stock worth $29,000 after buying an additional 26 shares during the last quarter. Modus Advisors LLC acquired a new stake in shares of Deere & Company in the 4th quarter worth about $32,000. YANKCOM Partnership acquired a new stake in shares of Deere & Company in the 4th quarter worth about $34,000. Synergy Asset Management LLC bought a new position in Deere & Company in the 4th quarter valued at about $35,000. Finally, Continuum Advisory LLC boosted its stake in Deere & Company by 155.8% during the 3rd quarter. Continuum Advisory LLC now owns 110 shares of the industrial products company’s stock valued at $43,000 after purchasing an additional 67 shares during the last quarter. 68.58% of the stock is currently owned by institutional investors.

Deere & Company Trading Up 1.7 %

Shares of DE stock opened at $480.44 on Tuesday. The business has a 50-day moving average price of $474.26 and a two-hundred day moving average price of $437.56. Deere & Company has a 12-month low of $340.20 and a 12-month high of $515.05. The company has a quick ratio of 1.98, a current ratio of 2.22 and a debt-to-equity ratio of 1.94. The firm has a market cap of $130.40 billion, a P/E ratio of 21.30, a price-to-earnings-growth ratio of 2.14 and a beta of 1.01.

Deere & Company (NYSE:DE) last issued its earnings results on Thursday, February 13th. The industrial products company reported $3.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.14 by $0.05. Deere & Company had a return on equity of 27.31% and a net margin of 12.94%. Equities analysts anticipate that Deere & Company will post 19.32 EPS for the current fiscal year.

Deere & Company Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 8th. Shareholders of record on Monday, March 31st will be paid a $1.62 dividend. This represents a $6.48 annualized dividend and a yield of 1.35%. The ex-dividend date of this dividend is Monday, March 31st. Deere & Company’s dividend payout ratio is presently 28.72%.

Insiders Place Their Bets

In other Deere & Company news, insider Rajesh Kalathur sold 24,580 shares of Deere & Company stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $500.61, for a total value of $12,304,993.80. Following the transaction, the insider now directly owns 74,878 shares of the company’s stock, valued at $37,484,675.58. The trade was a 24.71 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.29% of the stock is currently owned by insiders.

Analyst Ratings Changes

DE has been the subject of several analyst reports. StockNews.com downgraded Deere & Company from a “hold” rating to a “sell” rating in a research note on Saturday, March 1st. Robert W. Baird restated a “neutral” rating and set a $501.00 price objective on shares of Deere & Company in a research note on Monday, March 3rd. Morgan Stanley upped their target price on shares of Deere & Company from $401.00 to $450.00 and gave the stock an “overweight” rating in a research note on Monday, November 25th. Baird R W downgraded shares of Deere & Company from a “strong-buy” rating to a “hold” rating in a report on Monday, March 3rd. Finally, Jefferies Financial Group cut shares of Deere & Company from a “buy” rating to a “hold” rating and set a $510.00 price target on the stock. in a report on Friday, December 6th. One research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $460.00.

About Deere & Company

Deere & Co engages in the manufacture and distribution of equipment used in agriculture, construction, forestry, and turf care. It operates through the following segments: Agriculture and Turf, Construction and Forestry, and Financial Services. The Agriculture and Turf segment focuses on the distribution and manufacture of a full line of agriculture and turf equipment and related service parts.