Insight Wealth Partners LLC Buys New Shares in Deere & Company (NYSE:DE)

Insight Wealth Partners LLC purchased a new position in shares of Deere & Company (NYSE:DE) during the 3rd quarter, Holdings Channel reports. The fund purchased 495 shares of the industrial products company’s stock, valued at approximately $207,000.

Other large investors also recently modified their holdings of the company. Bayesian Capital Management LP acquired a new position in shares of Deere & Company during the 1st quarter worth about $904,000. Coppell Advisory Solutions Corp. bought a new stake in Deere & Company in the first quarter valued at approximately $404,000. Comerica Bank lifted its position in shares of Deere & Company by 1.1% in the first quarter. Comerica Bank now owns 63,488 shares of the industrial products company’s stock valued at $26,077,000 after buying an additional 667 shares during the last quarter. Pineridge Advisors LLC boosted its stake in shares of Deere & Company by 725.0% during the 1st quarter. Pineridge Advisors LLC now owns 66 shares of the industrial products company’s stock worth $27,000 after acquiring an additional 58 shares during the period. Finally, WealthPlan Investment Management LLC raised its stake in Deere & Company by 6.9% in the 1st quarter. WealthPlan Investment Management LLC now owns 555 shares of the industrial products company’s stock valued at $228,000 after acquiring an additional 36 shares during the period. 68.58% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts recently commented on DE shares. Truist Financial lifted their target price on shares of Deere & Company from $496.00 to $538.00 and gave the stock a “buy” rating in a report on Friday, November 22nd. Hsbc Global Res cut shares of Deere & Company from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 19th. Citigroup boosted their target price on shares of Deere & Company from $395.00 to $420.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 9th. Evercore ISI raised their target price on Deere & Company from $371.00 to $378.00 and gave the stock an “in-line” rating in a research report on Monday, August 19th. Finally, Barclays boosted their target price on shares of Deere & Company from $400.00 to $475.00 and gave the company an “overweight” rating in a report on Friday, November 22nd. Thirteen analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $433.00.

Deere & Company Stock Down 0.3 %

Shares of NYSE DE opened at $461.15 on Wednesday. The company has a current ratio of 2.09, a quick ratio of 1.90 and a debt-to-equity ratio of 1.89. The business has a 50-day moving average of $409.62 and a 200-day moving average of $386.98. The firm has a market capitalization of $126.17 billion, a price-to-earnings ratio of 18.01, a PEG ratio of 1.91 and a beta of 0.93. Deere & Company has a 12 month low of $340.20 and a 12 month high of $469.39.

Deere & Company (NYSE:DE) last released its quarterly earnings results on Thursday, November 21st. The industrial products company reported $4.55 EPS for the quarter, topping analysts’ consensus estimates of $3.90 by $0.65. The business 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 company earned $8.26 EPS. Sell-side analysts expect that Deere & Company will post 20.23 earnings per share for the current fiscal year.

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.