Calamos Wealth Management LLC Buys 5,963 Shares of Deere & Company (NYSE:DE)

Calamos Wealth Management LLC grew its position in shares of Deere & Company (NYSE:DE) by 26.5% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 28,488 shares of the industrial products company’s stock after acquiring an additional 5,963 shares during the quarter. Calamos Wealth Management LLC’s holdings in Deere & Company were worth $12,070,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the stock. Calamos Advisors LLC raised its holdings in shares of Deere & Company by 0.4% in the 4th quarter. Calamos Advisors LLC now owns 51,974 shares of the industrial products company’s stock valued at $22,021,000 after buying an additional 189 shares during the period. Childress Capital Advisors LLC lifted its holdings in shares of Deere & Company by 5.1% in the fourth 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 lifted its position in 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 during the period. Resonant Capital Advisors LLC increased its holdings in Deere & Company by 7.9% in the 4th quarter. Resonant Capital Advisors LLC now owns 531 shares of the industrial products company’s stock valued at $226,000 after purchasing an additional 39 shares in the last quarter. Finally, Catalina Capital Group LLC raised its holdings in Deere & Company by 5.9% in the fourth quarter. Catalina Capital Group LLC now owns 1,109 shares of the industrial products company’s stock valued at $470,000 after acquiring an additional 62 shares in the last quarter. 68.58% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on DE. Jefferies Financial Group lowered Deere & Company from a “buy” rating to a “hold” rating and set a $510.00 target price on the stock. in a report on Friday, December 6th. JPMorgan Chase & Co. increased their price target 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 upped their target price on Deere & Company from $404.00 to $462.00 and gave the stock a “neutral” rating in a research report on Friday, November 22nd. Oppenheimer upped their price objective on shares of Deere & Company from $477.00 to $507.00 and gave the stock an “outperform” rating in a report on Tuesday, January 28th. Finally, Truist Financial lifted their price target on shares of Deere & Company from $538.00 to $550.00 and gave the company a “buy” rating in a research report on Thursday, December 19th. Eleven equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat.com, Deere & Company has an average rating of “Hold” and a consensus price target of $444.50.

Deere & Company Trading Down 2.0 %

NYSE:DE opened at $467.07 on Tuesday. Deere & Company has a 1 year low of $340.20 and a 1 year high of $485.84. The stock’s fifty day moving average price is $444.68 and its two-hundred day moving average price is $410.23. The company has a debt-to-equity ratio of 1.89, a current ratio of 2.09 and a quick ratio of 1.90. The company has a market cap of $127.21 billion, a P/E ratio of 18.24, a P/E/G ratio of 2.94 and a beta of 0.98.

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

Deere & Company Increases Dividend

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

Deere & Company 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.