Hayek Kallen Investment Management Invests $3.35 Million in Deere & Company $DE

Posted by Francis Steltz on Aug 28th, 2026

Hayek Kallen Investment Management acquired a new stake in Deere & Company (NYSE:DE – Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 5,278 shares of the industrial products company’s stock, valued at approximately $3,348,000. Deere & Company makes up approximately 1.0% of Hayek Kallen Investment Management’s portfolio, making the stock its 29th largest holding.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Old North State Trust LLC acquired a new position in Deere & Company during the second quarter valued at approximately $350,000. Asset Allocation Strategies LLC bought a new stake in shares of Deere & Company during the 2nd quarter worth approximately $224,000. Ruggaard & Associates LLC bought a new stake in shares of Deere & Company during the 2nd quarter worth approximately $499,000. Equitable Holdings Inc. acquired a new stake in shares of Deere & Company in the 2nd quarter valued at approximately $6,715,000. Finally, Centaurus Financial Inc. bought a new position in shares of Deere & Company in the second quarter valued at $1,585,000. Institutional investors own 68.58% of the company’s stock.

Deere & Company Stock Down 1.9%

Deere & Company stock opened at $622.67 on Friday. The stock has a market cap of $168.08 billion, a P/E ratio of 34.59, a P/E/G ratio of 2.62 and a beta of 0.90. The company has a quick ratio of 1.89, a current ratio of 2.10 and a debt-to-equity ratio of 1.45. Deere & Company has a twelve month low of $433.00 and a twelve month high of $674.19. The company’s 50-day moving average price is $610.78 and its two-hundred day moving average price is $593.08.

Deere & Company (NYSE:DE – Get Free Report) last issued its quarterly earnings data on Thursday, August 20th. The industrial products company reported $5.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.69 by $0.41. Deere & Company had a net margin of 10.16% and a return on equity of 18.10%. The firm had revenue of $12.61 billion during the quarter, compared to the consensus estimate of $10.81 billion. During the same period last year, the business posted $4.75 earnings per share. The business’s revenue for the quarter was up 6.2% compared to the same quarter last year. As a group, analysts expect that Deere & Company will post 18.09 EPS for the current year.

Deere & Company Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, November 9th. Investors of record on Wednesday, September 30th will be paid a $1.62 dividend. The ex-dividend date is Wednesday, September 30th. This represents a $6.48 annualized dividend and a yield of 1.0%. Deere & Company’s payout ratio is 36.00%.

Analysts Set New Price Targets

A number of analysts have commented on the stock. Barclays increased their price target on shares of Deere & Company from $640.00 to $675.00 and gave the company an “overweight” rating in a research note on Monday. Wall Street Zen cut shares of Deere & Company from a “hold” rating to a “sell” rating in a report on Saturday, August 22nd. JPMorgan Chase & Co. raised their target price on shares of Deere & Company from $570.00 to $585.00 and gave the company a “neutral” rating in a research note on Friday, August 21st. Truist Financial lowered their price target on Deere & Company from $812.00 to $804.00 and set a “buy” rating on the stock in a research report on Monday. Finally, Raymond James Financial dropped their price objective on Deere & Company from $765.00 to $700.00 and set an “outperform” rating on the stock in a research note on Friday, May 22nd. Fourteen equities research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. Based on data from MarketBeat.com, Deere & Company presently has an average rating of “Moderate Buy” and an average target price of $653.48.

Get Our Latest Analysis on Deere & Company

Trending Headlines about Deere & Company

Here are the key news stories impacting Deere & Company this week:

Positive Sentiment: Better-than-expected earnings and execution: Deere reported fiscal third-quarter earnings per share of $5.10, above the $4.69 analyst consensus, while revenue reached $12.61 billion versus expectations of $10.81 billion. Net income increased 7% year over year to $1.379 billion. Management cited strong factory output, disciplined cost control, favorable price realization, and steady construction and turf demand. Deere’s Q2 Earnings Call: Our Top 5 Analyst Questions
Positive Sentiment: Construction and AI opportunities support diversification: Coverage highlighted growth in less traditional areas, including construction, where demand is benefiting from technology and infrastructure investment. Deere also entered a $10 million, three-year R&D partnership with Reservoir to accelerate rugged artificial-intelligence applications for high-value crop agriculture. Deere quarterly profits and construction growth Reservoir AI partnership with John Deere
Positive Sentiment: Analyst support and shareholder return: DA Davidson raised its price target to $760, while RBC reaffirmed an “Outperform” rating. Deere also declared a quarterly dividend of $1.62 per share, payable November 9 to shareholders of record September 30. DA Davidson raises Deere price target RBC reaffirms Deere Outperform rating Deere quarterly dividend announcement
Neutral Sentiment: Mixed segment picture: The earnings commentary suggests Deere’s diversified businesses, particularly construction and turf, are offsetting softer conditions in its largest agriculture-related division. Investors may therefore remain focused on the durability of farm-equipment demand and the company’s outlook.
Negative Sentiment: Valuation leaves less room for disappointment: With the shares trading at roughly 35 times earnings, investors may be taking profits or showing caution despite the earnings beat, particularly if agricultural weakness persists or growth in newer businesses takes longer to scale.

About Deere & Company

(Free Report)

Deere & Company, commonly known by its brand John Deere, is a global manufacturer of agricultural, construction and forestry machinery, as well as turf care equipment and power systems. Founded in 1837 by blacksmith John Deere—who developed a polished steel plow to improve tillage in tough prairie soils—the company is headquartered in Moline, Illinois, and has grown into one of the largest and most recognizable names in equipment manufacturing worldwide.

The company’s principal businesses include a broad portfolio of agricultural equipment such as tractors, combines, planters, sprayers, harvesters and tillage implements, complemented by precision agriculture technologies and telematics that support farm management, yield optimization and equipment connectivity.