Jacobs & Co. CA decreased its holdings in Deere & Company (NYSE:DE) by 4.3% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 34,670 shares of the industrial products company’s stock after selling 1,571 shares during the quarter. Jacobs & Co. CA’s holdings in Deere & Company were worth $5,541,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds have also made changes to their positions in DE. Moloney Securities Asset Management LLC grew its stake in shares of Deere & Company by 9.1% during the 4th quarter. Moloney Securities Asset Management LLC now owns 2,072 shares of the industrial products company’s stock valued at $309,000 after purchasing an additional 172 shares during the period. WP Advisors LLC bought a new stake in shares of Deere & Company during the 1st quarter valued at about $70,000. Royal London Asset Management Ltd. bought a new stake in shares of Deere & Company during the 4th quarter valued at about $42,481,000. Private Trust Co. NA lifted its position in shares of Deere & Company by 6.5% during the 1st quarter. Private Trust Co. NA now owns 2,580 shares of the industrial products company’s stock valued at $412,000 after buying an additional 158 shares in the last quarter. Finally, Osborne Partners Capital Management LLC purchased a new position in shares of Deere & Company during the 1st quarter valued at about $559,000. 67.05% of the stock is owned by institutional investors.
A number of research analysts have recently weighed in on DE shares. Credit Suisse Group lowered their price objective on Deere & Company from $211.00 to $209.00 and set an “outperform” rating on the stock in a research report on Tuesday, February 19th. Bank of America cut Deere & Company from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $173.00 to $170.00 in a research report on Wednesday, February 13th. DZ Bank cut Deere & Company from a “buy” rating to a “hold” rating in a report on Tuesday, February 19th. Argus boosted their price target on Deere & Company to $175.00 and gave the stock a “buy” rating in a report on Wednesday, February 20th. Finally, UBS Group began coverage on Deere & Company in a report on Tuesday, April 23rd. They issued a “neutral” rating and a $238.00 price target on the stock. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and eleven have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $161.50.
NYSE:DE traded up $2.48 during trading hours on Friday, reaching $138.95. The stock had a trading volume of 2,249,027 shares, compared to its average volume of 2,083,951. The company has a market cap of $44.24 billion, a price-to-earnings ratio of 14.80, a PEG ratio of 1.72 and a beta of 0.90. The company has a debt-to-equity ratio of 2.37, a current ratio of 1.94 and a quick ratio of 1.66. Deere & Company has a 52 week low of $128.32 and a 52 week high of $169.99.
Deere & Company (NYSE:DE) last released its earnings results on Friday, May 17th. The industrial products company reported $3.52 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $3.57 by ($0.05). The company had revenue of $10.27 billion for the quarter, compared to the consensus estimate of $10.19 billion. Deere & Company had a net margin of 8.52% and a return on equity of 28.76%. The business’s revenue for the quarter was up 5.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $3.14 EPS. As a group, analysts anticipate that Deere & Company will post 10.27 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Wednesday, May 1st. Stockholders of record on Friday, March 29th were given a dividend of $0.76 per share. This represents a $3.04 annualized dividend and a dividend yield of 2.19%. The ex-dividend date was Thursday, March 28th. Deere & Company’s dividend payout ratio is currently 32.37%.
Deere & Company Company Profile
Deere & Company manufactures and distributes various equipment worldwide. The company operates through three segments: Agriculture and Turf, Construction and Forestry, and Financial Services. The Agriculture and Turf segment offers agriculture and turf equipment, and related parts, including large, medium, and utility tractors; tractor loaders; combines, cotton pickers, cotton strippers, and sugarcane harvesters; harvesting front-end equipment; sugarcane loaders and pull-behind scrapers; and tillage, seeding, and application equipment.
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