J.Safra Asset Management Corp Invests $72,000 in Deere & Company (NYSE:DE)

J.Safra Asset Management Corp acquired a new stake in shares of Deere & Company (NYSE:DE) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 170 shares of the industrial products company’s stock, valued at approximately $72,000.

A number of other large investors have also added to or reduced their stakes in the stock. Jag Capital Management LLC raised its stake in Deere & Company by 8.2% during the fourth quarter. Jag Capital Management LLC now owns 7,388 shares of the industrial products company’s stock valued at $3,130,000 after buying an additional 558 shares during the last quarter. Ariston Services Group purchased a new position in Deere & Company during the fourth quarter valued at $220,000. Exencial Wealth Advisors LLC raised its stake in Deere & Company by 78.2% during the fourth quarter. Exencial Wealth Advisors LLC now owns 4,547 shares of the industrial products company’s stock valued at $1,927,000 after buying an additional 1,995 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in Deere & Company by 3.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,523,323 shares of the industrial products company’s stock valued at $645,432,000 after buying an additional 48,053 shares during the last quarter. Finally, Schechter Investment Advisors LLC raised its stake in Deere & Company by 4.1% during the fourth quarter. Schechter Investment Advisors LLC now owns 3,717 shares of the industrial products company’s stock valued at $1,575,000 after buying an additional 145 shares during the last quarter. Hedge funds and other institutional investors own 68.58% of the company’s stock.

Deere & Company Stock Performance

NYSE:DE opened at $468.08 on Thursday. The stock has a 50-day simple moving average of $458.83 and a two-hundred day simple moving average of $428.17. Deere & Company has a 52-week low of $340.20 and a 52-week high of $515.05. The company has a debt-to-equity ratio of 1.94, a quick ratio of 1.98 and a current ratio of 2.22. The firm has a market capitalization of $127.48 billion, a PE ratio of 20.75, a P/E/G ratio of 2.14 and a beta of 0.98.

Deere & Company (NYSE:DE) last released its quarterly earnings results on Thursday, February 13th. The industrial products company reported $3.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.14 by $0.05. Deere & Company had a return on equity of 27.31% and a net margin of 12.94%. Analysts forecast that Deere & Company will post 19.32 EPS for the current year.

Deere & Company Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 8th. Stockholders of record on Monday, March 31st will be paid a $1.62 dividend. This represents a $6.48 dividend on an annualized basis and a dividend yield of 1.38%. The ex-dividend date of this dividend is Monday, March 31st. Deere & Company’s dividend payout ratio (DPR) is 28.72%.

Analyst Ratings Changes

Several research firms have recently weighed in on DE. JPMorgan Chase & Co. boosted their price target on Deere & Company from $470.00 to $500.00 and gave the stock a “neutral” rating in a research note on Monday, February 10th. Morgan Stanley boosted their price target on Deere & Company from $401.00 to $450.00 and gave the stock an “overweight” rating in a research note on Monday, November 25th. Barclays boosted their price target on Deere & Company from $400.00 to $475.00 and gave the stock an “overweight” rating in a research note on Friday, November 22nd. UBS Group lifted their price objective on Deere & Company from $404.00 to $462.00 and gave the stock a “neutral” rating in a report on Friday, November 22nd. Finally, Baird R W lowered Deere & Company from a “strong-buy” rating to a “hold” rating in a report on Monday. One research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $457.22.

Insider Transactions at Deere & Company

In related news, insider Rajesh Kalathur sold 24,580 shares of the business’s stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $500.61, for a total value of $12,304,993.80. Following the sale, the insider now directly owns 74,878 shares in the company, valued at approximately $37,484,675.58. The trade was a 24.71 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.29% of the company’s stock.

About Deere & Company

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.