Calamos Advisors LLC boosted its stake in Deere & Company (NYSE:DE – Free Report) by 0.4% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. 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 SEC filing.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Childress Capital Advisors LLC increased its stake in 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 position in Deere & Company by 1.0% during the 4th quarter. Leisure Capital Management now owns 2,863 shares of the industrial products company’s stock worth $1,213,000 after purchasing an additional 28 shares in the last quarter. Resonant Capital Advisors LLC boosted its position 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 worth $226,000 after buying an additional 39 shares during the period. Catalina Capital Group LLC lifted its holdings in 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 buying an additional 62 shares in the last quarter. Finally, Family Investment Center Inc. acquired a new stake in shares of Deere & Company during the fourth quarter worth approximately $206,000. 68.58% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
DE has been the subject of several recent research reports. Barclays upped their target price on Deere & Company from $400.00 to $475.00 and gave the company an “overweight” rating in a report on Friday, November 22nd. Oppenheimer increased their price objective on Deere & Company from $477.00 to $507.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 28th. JPMorgan Chase & Co. boosted their target price on shares of Deere & Company from $450.00 to $470.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 15th. UBS Group boosted their price objective on Deere & Company from $404.00 to $462.00 and gave the stock a “neutral” rating in a research report on Friday, November 22nd. Finally, Citigroup cut their target price on Deere & Company from $470.00 to $430.00 and set a “neutral” rating for the company in a research note on Tuesday, January 14th. Eleven equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Deere & Company presently has a consensus rating of “Hold” and a consensus price target of $444.50.
Deere & Company Trading Down 2.0 %
Shares of DE opened at $467.07 on Tuesday. The company has a debt-to-equity ratio of 1.89, a quick ratio of 1.90 and a current ratio of 2.09. Deere & Company has a fifty-two week low of $340.20 and a fifty-two week high of $485.84. The firm has a market cap of $127.21 billion, a P/E ratio of 18.24, a price-to-earnings-growth ratio of 2.94 and a beta of 0.98. The business has a 50-day moving average of $444.68 and a 200 day moving average of $410.23.
Deere & Company (NYSE:DE – Get Free Report) last posted its earnings results 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. The business had revenue of $9.28 billion during the quarter, compared to analysts’ expectations of $9.20 billion. Deere & Company had a return on equity of 31.32% and a net margin of 13.73%. The firm’s revenue was down 32.8% on a year-over-year basis. During the same period in the previous year, the business earned $8.26 earnings per share. As a group, research analysts forecast that Deere & Company will post 19.38 EPS for the current year.
Deere & Company Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Monday, February 10th. Stockholders of record on Tuesday, December 31st will be issued a $1.62 dividend. This is a boost from Deere & Company’s previous quarterly dividend of $1.47. The ex-dividend date is Tuesday, December 31st. This represents a $6.48 annualized dividend and a dividend yield of 1.39%. Deere & Company’s dividend payout ratio (DPR) is currently 25.31%.
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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