Jacobs & Co. CA Grows Holdings in Deere & Company (NYSE:DE)

Jacobs & Co. CA lifted its stake in shares of Deere & Company (NYSE:DE) by 9.3% during the 4th quarter, HoldingsChannel reports. The fund owned 29,875 shares of the industrial products company’s stock after acquiring an additional 2,539 shares during the period. Deere & Company accounts for 1.4% of Jacobs & Co. CA’s portfolio, making the stock its 29th largest position. Jacobs & Co. CA’s holdings in Deere & Company were worth $11,946,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Briaud Financial Planning Inc acquired a new stake in Deere & Company during the 3rd quarter worth approximately $25,000. Retirement Group LLC increased its holdings in shares of Deere & Company by 264.7% during the second quarter. Retirement Group LLC now owns 62 shares of the industrial products company’s stock valued at $25,000 after purchasing an additional 45 shares during the period. ZRC Wealth Management LLC acquired a new position in shares of Deere & Company during the fourth quarter valued at $28,000. Worth Asset Management LLC acquired a new position in shares of Deere & Company during the first quarter valued at $28,000. Finally, Milestone Investment Advisors LLC acquired a new position in Deere & Company during the third quarter worth about $37,000. 68.58% of the stock is currently owned by hedge funds and other institutional investors.

Deere & Company Trading Up 2.7 %

NYSE DE opened at $409.23 on Thursday. The stock has a 50-day simple moving average of $379.82 and a 200 day simple moving average of $381.32. The company has a market capitalization of $113.91 billion, a PE ratio of 11.92, a P/E/G ratio of 1.50 and a beta of 1.03. The company has a current ratio of 2.05, a quick ratio of 1.81 and a debt-to-equity ratio of 1.81. Deere & Company has a 12 month low of $345.55 and a 12 month high of $450.00.

Deere & Company (NYSE:DE) last announced its quarterly earnings results on Thursday, February 15th. The industrial products company reported $6.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.19 by $1.04. The company had revenue of $10.49 billion during the quarter, compared to the consensus estimate of $10.30 billion. Deere & Company had a return on equity of 44.60% and a net margin of 16.38%. The company’s revenue for the quarter was down 8.0% compared to the same quarter last year. During the same period in the prior year, the company earned $6.55 earnings per share. Research analysts forecast that Deere & Company will post 27.41 EPS for the current year.

Deere & Company Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 8th. Investors of record on Friday, March 29th will be given a dividend of $1.47 per share. The ex-dividend date is Wednesday, March 27th. This represents a $5.88 annualized dividend and a yield of 1.44%. Deere & Company’s dividend payout ratio (DPR) is presently 17.12%.

Wall Street Analyst Weigh In

DE has been the topic of a number of research analyst reports. Citigroup lowered their target price on Deere & Company from $450.00 to $435.00 and set a “buy” rating on the stock in a report on Friday, February 16th. Wells Fargo & Company dropped their price target on Deere & Company from $445.00 to $425.00 and set an “overweight” rating on the stock in a research note on Friday, February 16th. Deutsche Bank Aktiengesellschaft decreased their price objective on Deere & Company from $425.00 to $401.00 and set a “hold” rating for the company in a research report on Friday, February 16th. Melius Research restated a “hold” rating on shares of Deere & Company in a research report on Monday, January 8th. Finally, Stifel Nicolaus reduced their price target on Deere & Company from $435.00 to $425.00 and set a “buy” rating for the company in a report on Friday, February 16th. Ten analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $431.69.

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.