Figure 8 Investment Strategies LLC Sells 137 Shares of Deere & Company $DE

Figure 8 Investment Strategies LLC lessened its stake in shares of Deere & Company (NYSE:DE) by 3.3% during the 2nd quarter, Holdings Channel reports. The fund owned 3,978 shares of the industrial products company’s stock after selling 137 shares during the period. Deere & Company comprises approximately 2.0% of Figure 8 Investment Strategies LLC’s holdings, making the stock its 17th largest position. Figure 8 Investment Strategies LLC’s holdings in Deere & Company were worth $2,023,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also bought and sold shares of DE. Southland Equity Partners LLC boosted its holdings in shares of Deere & Company by 3.9% during the 2nd quarter. Southland Equity Partners LLC now owns 534 shares of the industrial products company’s stock worth $271,000 after purchasing an additional 20 shares during the last quarter. Chicago Partners Investment Group LLC boosted its holdings in shares of Deere & Company by 1.2% during the 1st quarter. Chicago Partners Investment Group LLC now owns 1,803 shares of the industrial products company’s stock worth $852,000 after purchasing an additional 21 shares during the last quarter. Tyler Stone Wealth Management boosted its holdings in shares of Deere & Company by 1.7% during the 1st quarter. Tyler Stone Wealth Management now owns 1,230 shares of the industrial products company’s stock worth $577,000 after purchasing an additional 21 shares during the last quarter. McLean Asset Management Corp boosted its holdings in shares of Deere & Company by 4.0% during the 2nd quarter. McLean Asset Management Corp now owns 544 shares of the industrial products company’s stock worth $283,000 after purchasing an additional 21 shares during the last quarter. Finally, Trilogy Capital Inc. boosted its holdings in shares of Deere & Company by 1.3% during the 2nd quarter. Trilogy Capital Inc. now owns 1,692 shares of the industrial products company’s stock worth $860,000 after purchasing an additional 21 shares during the last quarter. Institutional investors own 68.58% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. Truist Financial decreased their price objective on Deere & Company from $619.00 to $602.00 and set a “buy” rating on the stock in a report on Friday, August 15th. Robert W. Baird decreased their price objective on Deere & Company from $520.00 to $488.00 and set a “neutral” rating on the stock in a report on Friday, August 15th. DA Davidson decreased their price objective on Deere & Company from $595.00 to $580.00 and set a “buy” rating on the stock in a report on Monday, August 18th. Evercore ISI set a $491.00 price objective on Deere & Company in a report on Tuesday, August 19th. Finally, Wolfe Research decreased their price objective on Deere & Company from $550.00 to $520.00 and set an “outperform” rating on the stock in a report on Friday. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and ten have issued a Hold rating to the company. According to MarketBeat.com, Deere & Company presently has an average rating of “Moderate Buy” and a consensus target price of $518.18.

Deere & Company Stock Up 0.2%

Shares of NYSE DE opened at $462.59 on Friday. The firm has a market cap of $125.05 billion, a price-to-earnings ratio of 24.18, a PEG ratio of 2.97 and a beta of 1.02. The company has a quick ratio of 1.98, a current ratio of 2.19 and a debt-to-equity ratio of 1.76. Deere & Company has a 52-week low of $387.03 and a 52-week high of $533.78. The business’s 50 day moving average is $484.64 and its two-hundred day moving average is $489.09.

Deere & Company (NYSE:DE) last announced its earnings results on Thursday, August 14th. The industrial products company reported $4.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.62 by $0.13. The company had revenue of $10.36 billion for the quarter, compared to analyst estimates of $10.33 billion. Deere & Company had a return on equity of 21.97% and a net margin of 11.72%.The firm’s quarterly revenue was down 9.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $6.29 earnings per share. Research analysts predict that Deere & Company will post 19.32 EPS for the current year.

Deere & Company Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, November 10th. Shareholders of record on Tuesday, September 30th will be given a $1.62 dividend. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $6.48 dividend on an annualized basis and a yield of 1.4%. Deere & Company’s payout ratio is presently 33.87%.

About Deere & Company

Deere & Co engages in the manufacture and distribution of equipment used in agriculture, construction, forestry, and turf care. It operates through the following segments: Agriculture and Turf, Construction and Forestry, and Financial Services. The Agriculture and Turf segment focuses on the distribution and manufacture of a full line of agriculture and turf equipment and related service parts.