Calamos Advisors LLC Has $22.02 Million Position in Deere & Company (NYSE:DE)

Calamos Advisors LLC lifted its holdings in shares of Deere & Company (NYSE:DE) by 0.4% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 51,974 shares of the industrial products company’s stock after acquiring an additional 189 shares during the period. Calamos Advisors LLC’s holdings in Deere & Company were worth $22,021,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Childress Capital Advisors LLC boosted its stake in shares of Deere & Company by 5.1% in the 4th quarter. Childress Capital Advisors LLC now owns 695 shares of the industrial products company’s stock valued at $295,000 after purchasing an additional 34 shares in the last quarter. Leisure Capital Management increased its holdings in shares of Deere & Company by 1.0% during the fourth quarter. Leisure Capital Management now owns 2,863 shares of the industrial products company’s stock worth $1,213,000 after buying an additional 28 shares in the last quarter. Resonant Capital Advisors LLC raised its stake in shares of Deere & Company by 7.9% in the fourth quarter. Resonant Capital Advisors LLC now owns 531 shares of the industrial products company’s stock valued at $226,000 after acquiring an additional 39 shares during the last quarter. Catalina Capital Group LLC boosted its holdings in shares of Deere & Company by 5.9% in the 4th quarter. Catalina Capital Group LLC now owns 1,109 shares of the industrial products company’s stock worth $470,000 after acquiring an additional 62 shares in the last quarter. Finally, Family Investment Center Inc. acquired a new stake in shares of Deere & Company in the fourth quarter valued at $206,000. 68.58% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

DE has been the subject of several research reports. Truist Financial lifted their target price on Deere & Company from $538.00 to $550.00 and gave the company a “buy” rating in a research note on Thursday, December 19th. Citigroup reduced their price objective on shares of Deere & Company from $470.00 to $430.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 14th. Oppenheimer upped their target price on shares of Deere & Company from $477.00 to $507.00 and gave the company an “outperform” rating in a research report on Tuesday, January 28th. Morgan Stanley raised their price target on Deere & Company from $401.00 to $450.00 and gave the stock an “overweight” rating in a research report on Monday, November 25th. Finally, Jefferies Financial Group downgraded Deere & Company from a “buy” rating to a “hold” rating and set a $510.00 price objective for the company. in a report on Friday, December 6th. Eleven investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, Deere & Company has a consensus rating of “Hold” and a consensus price target of $444.50.

Deere & Company Stock Performance

Shares of DE stock opened at $467.07 on Tuesday. The company has a current ratio of 2.09, a quick ratio of 1.90 and a debt-to-equity ratio of 1.89. Deere & Company has a 12 month low of $340.20 and a 12 month high of $485.84. The firm has a market capitalization of $127.21 billion, a PE ratio of 18.24, a price-to-earnings-growth ratio of 2.94 and a beta of 0.98. The firm has a fifty day simple moving average of $444.68 and a two-hundred day simple moving average of $410.23.

Deere & Company (NYSE:DE) last announced its quarterly earnings data on Thursday, November 21st. The industrial products company reported $4.55 EPS for the quarter, topping the consensus estimate of $3.89 by $0.66. Deere & Company had a net margin of 13.73% and a return on equity of 31.32%. The business had revenue of $9.28 billion for the quarter, compared to analyst estimates of $9.20 billion. During the same quarter in the previous year, the firm posted $8.26 earnings per share. The company’s revenue for the quarter was down 32.8% on a year-over-year basis. Analysts forecast that Deere & Company will post 19.38 EPS for the current fiscal year.

Deere & Company Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, February 10th. Shareholders of record on Tuesday, December 31st will be paid a $1.62 dividend. The ex-dividend date is Tuesday, December 31st. This represents a $6.48 annualized dividend and a yield of 1.39%. This is a positive change from Deere & Company’s previous quarterly dividend of $1.47. Deere & Company’s dividend payout ratio is currently 25.31%.

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.