210,278 Shares in Deere & Company $DE Bought by Diamond Hill Capital Management LLC Investment Advisor

Diamond Hill Capital Management LLC Investment Advisor bought a new position in Deere & Company (NYSE:DE) in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 210,278 shares of the industrial products company’s stock, valued at approximately $133,386,000. Diamond Hill Capital Management LLC Investment Advisor owned approximately 0.08% of Deere & Company as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Portus Wealth Advisors LLC bought a new stake in shares of Deere & Company during the first quarter worth about $32,000. Timmons Wealth Management LLC bought a new position in Deere & Company in the 4th quarter valued at approximately $29,000. McIlrath & Eck LLC acquired a new stake in Deere & Company during the 4th quarter worth approximately $30,000. Wealth Watch Advisors INC acquired a new stake in Deere & Company during the 3rd quarter worth approximately $32,000. Finally, Evolution Wealth Management Inc. grew its holdings in Deere & Company by 6,900.0% during the 1st quarter. Evolution Wealth Management Inc. now owns 70 shares of the industrial products company’s stock worth $39,000 after acquiring an additional 69 shares during the last quarter. 68.58% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have issued reports on DE. Raymond James Financial decreased their price target on shares of Deere & Company from $765.00 to $700.00 and set an “outperform” rating for the company in a research report on Friday, May 22nd. Robert W. Baird cut their price target on shares of Deere & Company from $580.00 to $525.00 and set a “neutral” rating on the stock in a report on Friday, May 22nd. Truist Financial boosted their price objective on shares of Deere & Company from $759.00 to $812.00 and gave the stock a “buy” rating in a research note on Thursday, July 2nd. DA Davidson restated a “buy” rating and issued a $685.00 price objective on shares of Deere & Company in a report on Friday, July 17th. Finally, Citigroup raised their target price on Deere & Company from $575.00 to $610.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 14th. Fourteen analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $641.98.

Deere & Company Trading Down 0.0%

NYSE:DE opened at $608.73 on Monday. Deere & Company has a 52 week low of $433.00 and a 52 week high of $674.19. The company has a debt-to-equity ratio of 1.54, a quick ratio of 1.95 and a current ratio of 2.18. The firm’s fifty day moving average is $603.23 and its 200-day moving average is $588.27. The firm has a market cap of $164.32 billion, a P/E ratio of 34.49, a P/E/G ratio of 2.57 and a beta of 0.90.

Deere & Company (NYSE:DE) last announced its earnings results on Thursday, May 21st. The industrial products company reported $6.55 earnings per share for the quarter, topping analysts’ consensus estimates of $5.70 by $0.85. The business had revenue of $13.37 billion during the quarter, compared to the consensus estimate of $11.55 billion. Deere & Company had a net margin of 10.09% and a return on equity of 18.25%. Deere & Company’s quarterly revenue was up 5.4% on a year-over-year basis. During the same quarter last year, the firm earned $6.64 earnings per share. Equities analysts expect that Deere & Company will post 18.26 earnings per share for the current year.

Deere & Company Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, August 10th. Shareholders of record on Tuesday, June 30th were issued a dividend of $1.62 per share. This represents a $6.48 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date was Tuesday, June 30th. Deere & Company’s dividend payout ratio (DPR) is presently 36.71%.

Deere & Company Profile

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.