Jacobs & Co. CA Decreases Position in Deere & Company $DE

Key Points

• Jacobs & Co. CA has decreased its position in Deere & Company by 3.9%, now holding 30,982 shares, which constitutes 1.6% of its portfolio.
• Deere & Company reported earnings of $4.75 EPS for the quarter, surpassing expectations, although its revenue was down 9.0% compared to the previous year.
• The company has announced a quarterly dividend of $1.62 per share, representing an annual yield of 1.4%, with a dividend payout ratio of 33.87%.

Jacobs & Co. CA decreased its stake in Deere & Company (NYSE:DE - Free Report) by 3.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 30,982 shares of the industrial products company's stock after selling 1,242 shares during the period. Deere & Company makes up 1.6% of Jacobs & Co. CA's portfolio, making the stock its 14th biggest position. Jacobs & Co. CA's holdings in Deere & Company were worth $15,754,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently modified their holdings of DE. Activest Wealth Management boosted its position in shares of Deere & Company by 2,750.0% in the first quarter. Activest Wealth Management now owns 57 shares of the industrial products company's stock worth $27,000 after buying an additional 55 shares during the period. Hughes Financial Services LLC purchased a new stake in shares of Deere & Company in the first quarter worth about $29,000. Cornerstone Planning Group LLC boosted its position in shares of Deere & Company by 116.1% in the first quarter. Cornerstone Planning Group LLC now owns 67 shares of the industrial products company's stock worth $31,000 after buying an additional 36 shares during the period. Orion Capital Management LLC purchased a new stake in shares of Deere & Company in the fourth quarter worth about $34,000. Finally, Mascagni Wealth Management Inc. purchased a new stake in shares of Deere & Company in the fourth quarter worth about $39,000. Hedge funds and other institutional investors own 68.58% of the company's stock.

Deere & Company Trading Down 1.1%

NYSE:DE opened at $471.35 on Friday. The company has a quick ratio of 1.98, a current ratio of 2.19 and a debt-to-equity ratio of 1.76. The business's 50 day moving average is $497.38 and its two-hundred day moving average is $490.24. Deere & Company has a 52 week low of $386.42 and a 52 week high of $533.78. The company has a market cap of $127.42 billion, a PE ratio of 24.64, a P/E/G ratio of 3.06 and a beta of 1.00.

Deere & Company (NYSE:DE - Get Free Report) last released its earnings results on Thursday, August 14th. The industrial products company reported $4.75 EPS for the quarter, topping analysts' consensus estimates of $4.62 by $0.13. Deere & Company had a return on equity of 21.97% and a net margin of 11.72%.The company had revenue of $10.36 billion for the quarter, compared to the consensus estimate of $10.33 billion. During the same quarter last year, the business posted $6.29 EPS. Deere & Company's quarterly revenue was down 9.0% compared to the same quarter last year. On average, analysts predict that Deere & Company will post 19.32 EPS for the current year.

Deere & Company Dividend Announcement

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 issued a dividend of $1.62 per share. This represents a $6.48 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date of this dividend is Tuesday, September 30th. Deere & Company's dividend payout ratio (DPR) is currently 33.87%.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on DE shares. BMO Capital Markets reaffirmed a "market perform" rating and issued a $460.00 target price (up previously from $425.00) on shares of Deere & Company in a research report on Wednesday, May 21st. DA Davidson reduced their price target on Deere & Company from $595.00 to $580.00 and set a "buy" rating for the company in a report on Monday, August 18th. Citigroup reduced their price target on Deere & Company from $550.00 to $525.00 and set a "neutral" rating for the company in a report on Friday, May 30th. Wall Street Zen raised Deere & Company from a "sell" rating to a "hold" rating in a report on Saturday. Finally, Melius raised Deere & Company from a "hold" rating to a "buy" rating in a report on Friday, June 6th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and nine have issued a Hold rating to the stock. According to data from MarketBeat.com, Deere & Company has an average rating of "Moderate Buy" and a consensus price target of $520.87.

Deere & Company Profile

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.

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