206,880 Shares in Deere & Company (NYSE:DE) Purchased by Hotchkis & Wiley Capital Management LLC

Hotchkis & Wiley Capital Management LLC acquired a new position in Deere & Company (NYSE:DE) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 206,880 shares of the industrial products company’s stock, valued at approximately $86,337,000. Hotchkis & Wiley Capital Management LLC owned about 0.08% of Deere & Company at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Fairscale Capital LLC purchased a new stake in shares of Deere & Company during the second quarter worth approximately $26,000. Livelsberger Financial Advisory purchased a new stake in shares of Deere & Company during the third quarter worth $32,000. Olistico Wealth LLC acquired a new stake in shares of Deere & Company in the second quarter valued at about $37,000. Centennial Bank AR lifted its stake in shares of Deere & Company by 420.0% in the second quarter. Centennial Bank AR now owns 104 shares of the industrial products company’s stock worth $39,000 after buying an additional 84 shares in the last quarter. Finally, Darwin Wealth Management LLC acquired a new position in Deere & Company during the third quarter worth about $47,000. 68.58% of the stock is currently owned by hedge funds and other institutional investors.

Deere & Company Stock Performance

Shares of Deere & Company stock opened at $462.70 on Tuesday. The company has a debt-to-equity ratio of 1.89, a current ratio of 2.09 and a quick ratio of 1.90. The stock has a market capitalization of $126.59 billion, a price-to-earnings ratio of 18.07, a price-to-earnings-growth ratio of 1.99 and a beta of 0.96. The business has a 50-day moving average of $413.25 and a 200 day moving average of $388.13. Deere & Company has a 12 month low of $340.20 and a 12 month high of $469.39.

Deere & Company (NYSE:DE) last announced its quarterly earnings data on Thursday, November 21st. The industrial products company reported $4.55 earnings per share for the quarter, beating analysts’ consensus estimates of $3.90 by $0.65. The firm had revenue of $9.28 billion during the quarter, compared to analysts’ expectations of $9.20 billion. Deere & Company had a net margin of 13.73% and a return on equity of 31.32%. The business’s quarterly revenue was down 32.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $8.26 earnings per share. As a group, sell-side analysts forecast that Deere & Company will post 19.52 earnings per share for the current year.

Wall Street Analysts Forecast Growth

DE has been the topic of a number of research reports. HSBC lowered shares of Deere & Company from a “buy” rating to a “hold” rating in a research note on Monday, August 19th. Deutsche Bank Aktiengesellschaft lowered their price objective on Deere & Company from $402.00 to $389.00 and set a “hold” rating on the stock in a research note on Thursday, August 8th. UBS Group lifted their price target on Deere & Company from $404.00 to $462.00 and gave the stock a “neutral” rating in a report on Friday, November 22nd. Oppenheimer upped their price objective on shares of Deere & Company from $448.00 to $477.00 and gave the company an “outperform” rating in a report on Friday, November 22nd. Finally, JPMorgan Chase & Co. lifted their target price on shares of Deere & Company from $420.00 to $450.00 and gave the stock a “neutral” rating in a research note on Friday, November 22nd. Twelve research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $436.41.

Deere & Company Company Profile

Deere & Company engages in the manufacture and distribution of various equipment worldwide. The company operates through four segments: Production and Precision Agriculture, Small Agriculture and Turf, Construction and Forestry, and Financial Services. The Production and Precision Agriculture segment provides large and medium tractors, combines, cotton pickers and strippers, sugarcane harvesters and loaders, harvesting front-end equipment, pull-behind scrapers, and tillage and seeding equipment, as well as application equipment, including sprayers and nutrient management, and soil preparation machinery for grain growers.