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

Key Points

• Valeo Financial Advisors LLC increased its investment in Deere & Company by 18.1%, raising its holdings to almost $4.95 million with a total of 9,725 shares.
• Deere & Company reported earnings of $4.75 per share for the last quarter, surpassing analyst expectations, although their quarterly revenue was down 9% from the previous year.
• The company has announced a quarterly dividend of $1.62 per share, translating to an annual yield of 1.4%, with the payment scheduled for November 10th.

Valeo Financial Advisors LLC raised its holdings in Deere & Company (NYSE:DE - Free Report) by 18.1% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 9,725 shares of the industrial products company's stock after acquiring an additional 1,490 shares during the quarter. Valeo Financial Advisors LLC's holdings in Deere & Company were worth $4,945,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Southland Equity Partners LLC lifted its stake in shares of Deere & Company by 3.9% in the second 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 during the last quarter. Chicago Partners Investment Group LLC lifted its stake in shares of Deere & Company by 1.2% in the first 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 during the last quarter. Tyler Stone Wealth Management lifted its stake in shares of Deere & Company by 1.7% in the first 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 during the last quarter. McLean Asset Management Corp lifted its stake in shares of Deere & Company by 4.0% in the second 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 during the last quarter. Finally, Trilogy Capital Inc. lifted its stake in shares of Deere & Company by 1.3% in the second quarter. Trilogy Capital Inc. now owns 1,692 shares of the industrial products company's stock worth $860,000 after buying an additional 21 shares during the last quarter. 68.58% of the stock is currently owned by institutional investors and hedge funds.

Deere & Company Trading Down 1.2%

Shares of Deere & Company stock opened at $457.47 on Tuesday. The firm has a market capitalization 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 company has a debt-to-equity ratio of 1.76, a current ratio of 2.19 and a quick ratio of 1.98. The company's fifty day moving average price is $483.57 and its two-hundred day moving average price is $489.14. Deere & Company has a 52-week low of $387.03 and a 52-week high of $533.78.

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

Deere & Company Dividend Announcement

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

Analysts Set New Price Targets

DE has been the topic of a number of research reports. JPMorgan Chase & Co. dropped their target price on shares of Deere & Company from $500.00 to $495.00 and set a "neutral" rating on the stock in a research report on Tuesday, September 2nd. Evercore ISI set a $491.00 target price on shares of Deere & Company in a research report on Tuesday, August 19th. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of Deere & Company in a research report on Saturday, September 27th. Truist Financial dropped 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. Finally, Oppenheimer dropped their target price on shares of Deere & Company from $566.00 to $512.00 and set an "outperform" rating on the stock in a research report on Thursday, September 18th. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and ten have issued a Hold rating to the stock. According to MarketBeat.com, Deere & Company has an average rating of "Moderate Buy" and a consensus 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.

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