Insight Wealth Partners LLC Makes New Investment in Deere & Company (NYSE:DE)

Insight Wealth Partners LLC acquired a new stake in shares of Deere & Company (NYSE:DE) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 495 shares of the industrial products company’s stock, valued at approximately $207,000.

Several other institutional investors and hedge funds also recently made changes to their positions in DE. Fairscale Capital LLC acquired a new stake in Deere & Company during the 2nd quarter valued at $26,000. Pineridge Advisors LLC raised its holdings in shares of Deere & Company by 725.0% in the first quarter. Pineridge Advisors LLC now owns 66 shares of the industrial products company’s stock valued at $27,000 after buying an additional 58 shares during the last quarter. Livelsberger Financial Advisory acquired a new position in Deere & Company during the 3rd quarter worth about $32,000. Olistico Wealth LLC bought a new stake in Deere & Company during the 2nd quarter worth about $37,000. Finally, Centennial Bank AR increased its position in Deere & Company by 420.0% in the 2nd quarter. Centennial Bank AR now owns 104 shares of the industrial products company’s stock valued at $39,000 after acquiring an additional 84 shares in the last quarter. Institutional investors and hedge funds own 68.58% of the company’s stock.

Deere & Company Trading Down 0.3 %

NYSE DE opened at $461.15 on Wednesday. Deere & Company has a one year low of $340.20 and a one year high of $469.39. 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 firm has a market cap of $126.17 billion, a P/E ratio of 18.01, a P/E/G ratio of 1.91 and a beta of 0.93. The stock’s 50-day moving average is $409.62 and its 200-day moving average is $386.98.

Deere & Company (NYSE:DE) last announced its quarterly earnings results 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. Deere & Company had a net margin of 13.73% and a return on equity of 31.32%. The firm had revenue of $9.28 billion for the quarter, compared to analyst estimates of $9.20 billion. During the same quarter in the previous year, the firm posted $8.26 earnings per share. The business’s revenue was down 32.8% on a year-over-year basis. Sell-side analysts anticipate that Deere & Company will post 20.23 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the stock. Truist Financial upped their target price on shares of Deere & Company from $496.00 to $538.00 and gave the stock a “buy” rating in a research report on Friday, November 22nd. HSBC lowered Deere & Company from a “buy” rating to a “hold” rating in a research report on Monday, August 19th. Morgan Stanley boosted their target price on Deere & Company from $401.00 to $450.00 and gave the stock an “overweight” rating in a research report on Monday. Oppenheimer raised their price target on Deere & Company from $448.00 to $477.00 and gave the company an “outperform” rating in a report on Friday, November 22nd. Finally, Citigroup boosted their price objective on Deere & Company from $395.00 to $420.00 and gave the stock a “neutral” rating in a report on Wednesday, October 9th. Thirteen research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, Deere & Company has an average rating of “Hold” and an average price target of $433.00.

About Deere & Company

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.