OneDigital Investment Advisors LLC Invests $5.15 Million in Deere & Company $DE

OneDigital Investment Advisors LLC acquired a new position in Deere & Company (NYSE:DE) in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 8,118 shares of the industrial products company’s stock, valued at approximately $5,150,000.

Several other large investors have also recently added to or reduced their stakes in the business. Brighton Jones LLC boosted its position in Deere & Company by 39.1% during the 4th quarter. Brighton Jones LLC now owns 4,548 shares of the industrial products company’s stock worth $1,927,000 after acquiring an additional 1,278 shares during the period. Schnieders Capital Management LLC. increased its holdings in shares of Deere & Company by 7.8% during the second quarter. Schnieders Capital Management LLC. now owns 2,076 shares of the industrial products company’s stock valued at $1,056,000 after purchasing an additional 150 shares during the period. Jump Financial LLC acquired a new position in shares of Deere & Company during the second quarter valued at $2,153,000. NewEdge Advisors LLC raised its stake in shares of Deere & Company by 6.0% during the second quarter. NewEdge Advisors LLC now owns 18,758 shares of the industrial products company’s stock valued at $9,538,000 after purchasing an additional 1,067 shares in the last quarter. Finally, Main Street Financial Solutions LLC raised its stake in shares of Deere & Company by 6.7% during the second quarter. Main Street Financial Solutions LLC now owns 1,551 shares of the industrial products company’s stock valued at $789,000 after purchasing an additional 97 shares in the last quarter. 68.58% of the stock is currently owned by institutional investors and hedge funds.

Deere & Company Trading Down 0.0%

Shares of DE stock opened at $608.73 on Monday. The stock has a 50-day simple moving average of $603.23 and a 200 day simple moving average of $588.27. Deere & Company has a fifty-two week low of $433.00 and a fifty-two week high of $674.19. The stock has a market capitalization 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. The company has a quick ratio of 1.95, a current ratio of 2.18 and a debt-to-equity ratio of 1.54.

Deere & Company (NYSE:DE) last released its earnings results on Thursday, May 21st. The industrial products company reported $6.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.70 by $0.85. Deere & Company had a return on equity of 18.25% and a net margin of 10.09%.The firm had revenue of $13.37 billion for the quarter, compared to analyst estimates of $11.55 billion. During the same period in the previous year, the company earned $6.64 earnings per share. Deere & Company’s revenue was up 5.4% compared to the same quarter last year. On average, sell-side analysts expect that Deere & Company will post 18.26 earnings per share for the current fiscal year.

Deere & Company Announces Dividend

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

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on DE. Bank of America decreased their target price on shares of Deere & Company from $672.00 to $607.50 and set a “neutral” rating for the company in a research report on Friday, May 22nd. Weiss Ratings upgraded shares of Deere & Company from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, May 21st. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $752.00 price target on shares of Deere & Company in a research note on Monday, June 1st. DA Davidson reiterated a “buy” rating and issued a $685.00 price objective on shares of Deere & Company in a report on Friday, July 17th. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Deere & Company from $590.00 to $570.00 and set a “neutral” rating for the company in a report on Friday. Fourteen analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Deere & Company has an average rating of “Moderate Buy” and an average target price of $641.98.

Deere & Company 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.