Foresight Group Ltd Liability Partnership Purchases 1,283 Shares of Deere & Company (NYSE:DE)

Foresight Group Ltd Liability Partnership grew its position in shares of Deere & Company (NYSE:DE) by 113.0% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,418 shares of the industrial products company’s stock after purchasing an additional 1,283 shares during the quarter. Deere & Company comprises approximately 0.4% of Foresight Group Ltd Liability Partnership’s investment portfolio, making the stock its 25th largest position. Foresight Group Ltd Liability Partnership’s holdings in Deere & Company were worth $903,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. True Wealth Design LLC increased its stake in shares of Deere & Company by 1,180.0% in the 4th quarter. True Wealth Design LLC now owns 64 shares of the industrial products company’s stock valued at $26,000 after acquiring an additional 59 shares in the last quarter. Pineridge Advisors LLC increased its stake in shares of Deere & Company by 725.0% in the 1st quarter. Pineridge Advisors LLC now owns 66 shares of the industrial products company’s stock valued at $27,000 after acquiring an additional 58 shares in the last quarter. Livelsberger Financial Advisory bought a new stake in shares of Deere & Company in the 4th quarter valued at $30,000. Spartan Planning & Wealth Management bought a new stake in shares of Deere & Company in the 4th quarter valued at $33,000. Finally, Core Wealth Advisors Inc. increased its stake in shares of Deere & Company by 466.7% in the 4th quarter. Core Wealth Advisors Inc. now owns 85 shares of the industrial products company’s stock valued at $34,000 after acquiring an additional 70 shares in the last quarter. Institutional investors own 68.58% of the company’s stock.

Insider Transactions at Deere & Company

In other news, insider Cory J. Reed sold 13,370 shares of Deere & Company stock in a transaction on Monday, June 24th. The stock was sold at an average price of $377.63, for a total transaction of $5,048,913.10. Following the sale, the insider now directly owns 41,642 shares in the company, valued at approximately $15,725,268.46. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.26% of the company’s stock.

Analyst Upgrades and Downgrades

DE has been the subject of several research analyst reports. Citigroup lowered their price objective on shares of Deere & Company from $395.00 to $370.00 and set a “neutral” rating for the company in a research note on Tuesday, August 13th. Truist Financial reiterated a “buy” rating and issued a $443.00 price objective (up previously from $439.00) on shares of Deere & Company in a research note on Friday, August 16th. Morgan Stanley reduced their price target on shares of Deere & Company from $450.00 to $425.00 and set an “overweight” rating for the company in a research report on Monday, August 26th. HSBC downgraded shares of Deere & Company from a “buy” rating to a “hold” rating in a research report on Monday, August 19th. Finally, Raymond James assumed coverage on shares of Deere & Company in a research report on Friday, June 28th. They issued an “outperform” rating and a $420.00 price target for the company. Fourteen investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Deere & Company has a consensus rating of “Hold” and a consensus target price of $409.88.

Deere & Company Price Performance

DE opened at $401.11 on Thursday. The company has a debt-to-equity ratio of 1.85, a current ratio of 2.07 and a quick ratio of 1.87. The company has a market capitalization of $110.53 billion, a price-to-earnings ratio of 12.07, a P/E/G ratio of 1.29 and a beta of 0.92. The firm’s fifty day moving average price is $374.47 and its two-hundred day moving average price is $382.18. Deere & Company has a 1 year low of $340.20 and a 1 year high of $417.46.

Deere & Company (NYSE:DE) last released its earnings results on Thursday, August 15th. The industrial products company reported $6.29 EPS for the quarter, topping analysts’ consensus estimates of $5.63 by $0.66. The company had revenue of $11.39 billion for the quarter, compared to analysts’ expectations of $10.94 billion. Deere & Company had a return on equity of 36.71% and a net margin of 14.69%. The business’s revenue for the quarter was down 20.3% compared to the same quarter last year. During the same period in the previous year, the business posted $10.20 EPS. As a group, analysts anticipate that Deere & Company will post 25.07 earnings per share for the current fiscal year.

Deere & Company Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 8th. Stockholders of record on Monday, September 30th will be paid a dividend of $1.47 per share. This represents a $5.88 dividend on an annualized basis and a dividend yield of 1.47%. The ex-dividend date is Monday, September 30th. Deere & Company’s payout ratio is 17.70%.

Deere & 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.