Deere & Company (NYSE:DE) Position Increased by Jacobs & Co. CA

Jacobs & Co. CA increased its stake in Deere & Company (NYSE:DE - Free Report) by 9.3% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 29,875 shares of the industrial products company's stock after buying an additional 2,539 shares during the period. Deere & Company accounts for about 1.4% of Jacobs & Co. CA's holdings, making the stock its 29th largest holding. Jacobs & Co. CA's holdings in Deere & Company were worth $11,946,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the stock. Westwood Holdings Group Inc. increased its position in shares of Deere & Company by 7.6% during the second quarter. Westwood Holdings Group Inc. now owns 53,191 shares of the industrial products company's stock valued at $21,552,000 after acquiring an additional 3,776 shares in the last quarter. Osaic Holdings Inc. lifted its holdings in shares of Deere & Company by 5.6% during the second quarter. Osaic Holdings Inc. now owns 135,091 shares of the industrial products company's stock valued at $54,775,000 after purchasing an additional 7,182 shares in the last quarter. Penserra Capital Management LLC boosted its position in shares of Deere & Company by 2.4% during the third quarter. Penserra Capital Management LLC now owns 236,696 shares of the industrial products company's stock valued at $89,322,000 after buying an additional 5,485 shares during the last quarter. New Mexico Educational Retirement Board raised its position in Deere & Company by 6.9% in the 3rd quarter. New Mexico Educational Retirement Board now owns 14,002 shares of the industrial products company's stock worth $5,284,000 after buying an additional 900 shares during the last quarter. Finally, Greenline Partners LLC bought a new position in Deere & Company during the 2nd quarter valued at about $265,000. Hedge funds and other institutional investors own 68.58% of the company's stock.

Deere & Company Price Performance

Shares of DE stock traded up $1.60 on Thursday, reaching $410.74. The company's stock had a trading volume of 1,421,557 shares, compared to its average volume of 1,531,840. The company has a market capitalization of $114.33 billion, a price-to-earnings ratio of 11.96, a price-to-earnings-growth ratio of 1.50 and a beta of 1.03. The stock's fifty day simple moving average is $380.44 and its 200-day simple moving average is $381.52. 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 1 year low of $345.55 and a 1 year high of $450.00.

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

Deere & Company Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 8th. Stockholders of record on Friday, March 29th will be issued a $1.47 dividend. The ex-dividend date is Wednesday, March 27th. This represents a $5.88 annualized dividend and a dividend yield of 1.43%. Deere & Company's dividend payout ratio (DPR) is presently 17.12%.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on DE. Melius Research restated a "hold" rating on shares of Deere & Company in a report on Monday, January 8th. JPMorgan Chase & Co. increased their target price on Deere & Company from $380.00 to $385.00 and gave the company a "neutral" rating in a report on Monday, December 4th. Wells Fargo & Company reduced their price target on shares of Deere & Company from $445.00 to $425.00 and set an "overweight" rating for the company in a research report on Friday, February 16th. Melius lowered shares of Deere & Company from a "buy" rating to a "hold" rating in a research report on Monday, January 8th. Finally, Stifel Nicolaus dropped their price target on shares of Deere & Company from $435.00 to $425.00 and set a "buy" rating on the stock in a research note on Friday, February 16th. Ten research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company's stock. According to data from MarketBeat, Deere & Company currently has an average rating of "Moderate Buy" and a consensus price target of $431.69.

About Deere & Company

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.