Jag Capital Management LLC Purchases 398 Shares of Deere & Company (DE)

Jag Capital Management LLC boosted its holdings in Deere & Company (NYSE:DE) by 3.4% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 12,235 shares of the industrial products company’s stock after purchasing an additional 398 shares during the quarter. Jag Capital Management LLC’s holdings in Deere & Company were worth $1,710,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Mount Yale Investment Advisors LLC bought a new stake in Deere & Company during the 1st quarter worth approximately $100,000. Winthrop Partners WNY LLC acquired a new position in shares of Deere & Company in the 1st quarter worth approximately $114,000. Clarus Wealth Advisors acquired a new position in shares of Deere & Company in the 2nd quarter worth approximately $118,000. Pin Oak Investment Advisors Inc. acquired a new position in shares of Deere & Company in the 4th quarter worth approximately $122,000. Finally, Bedel Financial Consulting Inc. acquired a new position in shares of Deere & Company in the 1st quarter worth approximately $128,000. Institutional investors own 66.51% of the company’s stock.

Shares of NYSE DE opened at $137.05 on Friday. The company has a current ratio of 1.91, a quick ratio of 1.64 and a debt-to-equity ratio of 2.52. Deere & Company has a one year low of $112.87 and a one year high of $175.26. The company has a market cap of $45.34 billion, a price-to-earnings ratio of 20.52, a price-to-earnings-growth ratio of 2.55 and a beta of 0.85.

Deere & Company (NYSE:DE) last issued its earnings results on Friday, May 18th. The industrial products company reported $3.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.33 by ($0.19). The firm had revenue of $9.75 billion during the quarter, compared to the consensus estimate of $9.83 billion. Deere & Company had a return on equity of 27.67% and a net margin of 5.46%. The firm’s revenue for the quarter was up 34.3% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.14 EPS. sell-side analysts predict that Deere & Company will post 9.66 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Wednesday, August 1st. Investors of record on Friday, June 29th were issued a $0.69 dividend. The ex-dividend date was Thursday, June 28th. This represents a $2.76 annualized dividend and a yield of 2.01%. This is a boost from Deere & Company’s previous quarterly dividend of $0.60. Deere & Company’s payout ratio is 41.32%.

A number of research analysts recently issued reports on the stock. ValuEngine downgraded shares of Deere & Company from a “buy” rating to a “hold” rating in a research report on Tuesday, June 5th. Bank of America upgraded shares of Deere & Company from a “neutral” rating to a “buy” rating and set a $159.00 price objective on the stock in a report on Thursday, May 3rd. UBS Group lowered their price objective on shares of Deere & Company from $185.00 to $177.00 and set a “buy” rating on the stock in a report on Friday, July 20th. Royal Bank of Canada reiterated a “buy” rating and issued a $200.00 target price on shares of Deere & Company in a research note on Wednesday, April 18th. Finally, OTR Global lowered shares of Deere & Company to a “$139.21” rating in a research note on Wednesday, July 18th. Two analysts have rated the stock with a sell rating, five have given a hold rating and sixteen have issued a buy rating to the stock. Deere & Company presently has an average rating of “Buy” and a consensus price target of $181.42.

About Deere & Company

Deere & Company, together with its subsidiaries, manufactures and distributes agriculture and turf, and construction and forestry equipment worldwide. The company's Agriculture and Turf segment provides agriculture and turf equipment, and related service parts, including large, medium, and utility tractors; tractor loaders; combines, cotton pickers, cotton strippers, and sugarcane harvesters; related harvesting front-end equipment; sugarcane loaders and pull-behind scrapers; and tillage, seeding, and application equipment comprising sprayers, and nutrient management and soil preparation machinery.

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Institutional Ownership by Quarter for Deere & Company (NYSE:DE)

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