Deere & Company (NYSE:DE) Shares Sold by Calamos Wealth Management LLC

Calamos Wealth Management LLC reduced its holdings in Deere & Company (NYSE:DEFree Report) by 8.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,223 shares of the industrial products company’s stock after selling 301 shares during the period. Calamos Wealth Management LLC’s holdings in Deere & Company were worth $1,289,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in DE. Retirement Group LLC lifted its stake in Deere & Company by 264.7% in the 2nd quarter. Retirement Group LLC now owns 62 shares of the industrial products company’s stock valued at $25,000 after buying an additional 45 shares in the last quarter. Briaud Financial Planning Inc acquired a new position in shares of Deere & Company during the third quarter valued at approximately $25,000. Rakuten Securities Inc. purchased a new position in shares of Deere & Company in the fourth quarter valued at approximately $28,000. Naples Money Management LLC acquired a new stake in shares of Deere & Company in the fourth quarter worth approximately $29,000. Finally, ZRC Wealth Management LLC purchased a new stake in shares of Deere & Company during the fourth quarter worth approximately $28,000. 68.58% of the stock is currently owned by hedge funds and other institutional investors.

Deere & Company Trading Down 0.1 %

NYSE DE opened at $400.32 on Friday. The company has a debt-to-equity ratio of 1.81, a current ratio of 2.05 and a quick ratio of 1.81. The stock has a market capitalization of $111.43 billion, a P/E ratio of 11.66, a PEG ratio of 1.50 and a beta of 1.04. The firm’s 50-day moving average is $385.86 and its two-hundred day moving average is $383.05. Deere & Company has a 12 month low of $345.55 and a 12 month high of $450.00.

Deere & Company (NYSE:DEGet Free Report) last released its quarterly earnings results on Thursday, February 15th. The industrial products company reported $6.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.19 by $1.04. The business had revenue of $10.49 billion for the quarter, compared to the consensus estimate of $10.30 billion. Deere & Company had a net margin of 16.38% and a return on equity of 44.60%. The business’s revenue was down 8.0% on a year-over-year basis. During the same period in the previous year, the firm earned $6.55 EPS. On average, sell-side analysts anticipate that Deere & Company will post 27.4 earnings per share for the current year.

Deere & Company Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 8th. Shareholders of record on Friday, March 29th will be paid a dividend of $1.47 per share. This represents a $5.88 dividend on an annualized basis and a yield of 1.47%. The ex-dividend date of this dividend is Wednesday, March 27th. Deere & Company’s dividend payout ratio (DPR) is 17.12%.

Analyst Ratings Changes

Several equities research analysts have issued reports on DE shares. Melius cut shares of Deere & Company from a “buy” rating to a “hold” rating in a research note on Monday, January 8th. Wells Fargo & Company dropped their price objective on shares of Deere & Company from $445.00 to $425.00 and set an “overweight” rating for the company in a research note on Friday, February 16th. Melius Research reissued a “hold” rating on shares of Deere & Company in a research note on Monday, January 8th. Morgan Stanley began coverage on Deere & Company in a research report on Monday, January 8th. They issued an “overweight” rating and a $430.00 price target for the company. Finally, JPMorgan Chase & Co. lifted their price objective on Deere & Company from $415.00 to $425.00 and gave the stock a “neutral” rating in a research report on Friday, April 12th. Ten research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $433.28.

Get Our Latest Analysis on Deere & Company

Deere & Company Company Profile

(Free Report)

Deere & Company engages in the manufacture and distribution of various equipment worldwide. The company operates through four segments: Production and Precision Agriculture, Small Agriculture and Turf, Construction and Forestry, and Financial Services. The Production and Precision Agriculture segment provides large and medium tractors, combines, cotton pickers and strippers, sugarcane harvesters and loaders, harvesting front-end equipment, pull-behind scrapers, and tillage and seeding equipment, as well as application equipment, including sprayers and nutrient management, and soil preparation machinery for grain growers.

Further Reading

Institutional Ownership by Quarter for Deere & Company (NYSE:DE)

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