Deere & Company $DE Shares Bought by Calamos Advisors LLC

Calamos Advisors LLC boosted its stake in shares of Deere & Company (NYSE:DE) by 2.0% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 50,530 shares of the industrial products company’s stock after acquiring an additional 1,002 shares during the quarter. Calamos Advisors LLC’s holdings in Deere & Company were worth $33,933,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently bought and sold shares of the stock. BlackRock Inc. purchased a new position in Deere & Company in the 2nd quarter worth approximately $11,763,504,000. Wellington Management Group LLP boosted its stake in shares of Deere & Company by 84.3% during the second quarter. Wellington Management Group LLP now owns 3,088,628 shares of the industrial products company’s stock valued at $1,959,209,000 after purchasing an additional 1,412,694 shares during the period. Bank of America Corp DE purchased a new stake in shares of Deere & Company during the second quarter valued at approximately $1,685,093,000. Bank of New York Mellon Corp bought a new position in shares of Deere & Company in the second quarter worth approximately $1,259,279,000. Finally, Legal & General Group Plc purchased a new position in shares of Deere & Company in the second quarter worth $957,456,000. 68.58% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the stock. Wall Street Zen lowered shares of Deere & Company from a “hold” rating to a “sell” rating in a report on Saturday, August 22nd. Royal Bank Of Canada reissued an “outperform” rating and issued a $752.00 price target on shares of Deere & Company in a report on Monday, August 24th. Seaport Research Partners set a $570.00 price objective on shares of Deere & Company in a research report on Friday, August 14th. Oppenheimer upped their price objective on shares of Deere & Company from $680.00 to $685.00 and gave the company an “outperform” rating in a research note on Thursday, August 20th. Finally, DA Davidson raised their target price on Deere & Company from $685.00 to $760.00 and gave the stock a “buy” rating in a research note on Monday, August 24th. Seventeen research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $688.10.

Deere & Company News Summary

Here are the key news stories impacting Deere & Company this week:

• Positive Sentiment: Deere’s See & Spray technology was cited as an example of AI improving farm productivity; the system can reduce pesticide use by as much as 75%. That efficiency potential may support customer economics and demand for Deere’s precision-agriculture offerings. Are eBay and Deere stocks under-the-radar AI beneficiaries?
• Positive Sentiment: A Zacks article included Deere among AgriTech and food-innovation stocks, pointing to strategic investment, operational improvements, and growth opportunities as reasons it may suit investors seeking portfolio stability. 2 AgriTech and Food Innovation Stocks to Buy for a Stable Portfolio
• Neutral Sentiment: Recent coverage compares Deere with Kubota (KUBTY) for value investors but the provided summaries do not say which company comes out ahead. The comparison alone offers no clear new signal on Deere’s valuation. KUBTY vs. DE: Which Stock Should Value Investors Buy Now?
• Negative Sentiment: Deere plans to close two Iowa facilities and consolidate production, including moving small-planter production and shifting work to its Ankeny plant. The restructuring could improve efficiency over time, but closures and associated disruption may concern investors in the near term. John Deere Consolidates U.S. Plants, Will Close 2 Iowa Factories

Deere & Company Trading Up 1.3%

DE stock traded up $8.68 on Friday, reaching $671.99. The company’s stock had a trading volume of 1,215,956 shares, compared to its average volume of 1,104,551. The business has a fifty day simple moving average of $667.02 and a two-hundred day simple moving average of $608.14. Deere & Company has a 12-month low of $455.90 and a 12-month high of $721.22. The firm has a market cap of $181.18 billion, a PE ratio of 37.33, a PEG ratio of 1.89 and a beta of 0.89. The company has a debt-to-equity ratio of 1.45, a quick ratio of 1.89 and a current ratio of 2.10.

Deere & Company (NYSE:DE) last issued its quarterly earnings data on Thursday, August 20th. The industrial products company reported $5.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.69 by $0.41. Deere & Company had a net margin of 10.16% and a return on equity of 18.10%. The business had revenue of $12.61 billion for the quarter, compared to the consensus estimate of $10.81 billion. During the same period in the previous year, the firm earned $4.75 EPS. The company’s quarterly revenue was up 6.2% compared to the same quarter last year. As a group, research analysts forecast that Deere & Company will post 18.11 EPS for the current year.

Deere & Company Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, November 9th. Stockholders of record on Wednesday, September 30th will be paid a dividend of $1.62 per share. The ex-dividend date of this dividend is Wednesday, September 30th. This represents a $6.48 dividend on an annualized basis and a dividend yield of 1.0%. Deere & Company’s payout ratio is presently 36.00%.

Deere & Company Company Profile