Valeo Financial Advisors LLC Has $4.95 Million Stock Position in Deere & Company $DE

Valeo Financial Advisors LLC increased its stake in shares of Deere & Company (NYSE:DE) by 18.1% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,725 shares of the industrial products company’s stock after buying an additional 1,490 shares during the period. Valeo Financial Advisors LLC’s holdings in Deere & Company were worth $4,945,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Southland Equity Partners LLC lifted its position in Deere & Company by 3.9% during the 2nd quarter. Southland Equity Partners LLC now owns 534 shares of the industrial products company’s stock worth $271,000 after buying an additional 20 shares in the last quarter. Chicago Partners Investment Group LLC lifted its position in Deere & Company by 1.2% during the 1st quarter. Chicago Partners Investment Group LLC now owns 1,803 shares of the industrial products company’s stock worth $852,000 after buying an additional 21 shares in the last quarter. Tyler Stone Wealth Management lifted its position in Deere & Company by 1.7% during the 1st quarter. Tyler Stone Wealth Management now owns 1,230 shares of the industrial products company’s stock worth $577,000 after buying an additional 21 shares in the last quarter. McLean Asset Management Corp lifted its position in Deere & Company by 4.0% during the 2nd quarter. McLean Asset Management Corp now owns 544 shares of the industrial products company’s stock worth $283,000 after buying an additional 21 shares in the last quarter. Finally, Trilogy Capital Inc. lifted its position in Deere & Company by 1.3% during the 2nd quarter. Trilogy Capital Inc. now owns 1,692 shares of the industrial products company’s stock valued at $860,000 after purchasing an additional 21 shares during the period. Institutional investors and hedge funds own 68.58% of the company’s stock.

Deere & Company Stock Performance

Shares of DE stock opened at $457.47 on Tuesday. The company has a debt-to-equity ratio of 1.76, a current ratio of 2.19 and a quick ratio of 1.98. The stock has a market cap of $123.67 billion, a PE ratio of 23.91, a price-to-earnings-growth ratio of 2.98 and a beta of 1.02. The stock has a 50-day moving average of $483.57 and a 200-day moving average of $489.14. Deere & Company has a one year low of $387.03 and a one year high of $533.78.

Deere & Company (NYSE:DE) last posted its earnings results on Thursday, August 14th. The industrial products company reported $4.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.62 by $0.13. Deere & Company had a return on equity of 21.97% and a net margin of 11.72%.The business had revenue of $10.36 billion during the quarter, compared to analysts’ expectations of $10.33 billion. During the same period in the prior year, the business earned $6.29 EPS. Deere & Company’s revenue for the quarter was down 9.0% compared to the same quarter last year. As a group, sell-side analysts expect that Deere & Company will post 19.32 earnings per share for the current year.

Deere & Company Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, November 10th. Investors of record on Tuesday, September 30th will be paid a dividend of $1.62 per share. This represents a $6.48 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date of this dividend is Tuesday, September 30th. Deere & Company’s dividend payout ratio is presently 33.87%.

Analysts Set New Price Targets

A number of research firms have issued reports on DE. Daiwa Capital Markets cut their target price on shares of Deere & Company from $565.00 to $530.00 and set an “outperform” rating on the stock in a research report on Thursday, September 25th. Robert W. Baird cut their target price on shares of Deere & Company from $520.00 to $488.00 and set a “neutral” rating on the stock in a research report on Friday, August 15th. Wall Street Zen upgraded shares of Deere & Company from a “sell” rating to a “hold” rating in a research report on Saturday. Wolfe Research cut their target price on shares of Deere & Company from $550.00 to $520.00 and set an “outperform” rating on the stock in a research report on Friday. Finally, Truist Financial cut their target price on shares of Deere & Company from $619.00 to $602.00 and set a “buy” rating on the stock in a research report on Friday, August 15th. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and ten have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $518.18.

Deere & Company Company Profile

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.