Calamos Advisors LLC Has $23.57 Million Holdings in Deere & Company $DE

Calamos Advisors LLC lessened its stake in Deere & Company (NYSE:DE - Free Report) by 3.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 50,619 shares of the industrial products company's stock after selling 1,979 shares during the quarter. Calamos Advisors LLC's holdings in Deere & Company were worth $23,567,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in DE. Csenge Advisory Group boosted its stake in shares of Deere & Company by 84.9% in the 3rd quarter. Csenge Advisory Group now owns 7,440 shares of the industrial products company's stock valued at $3,402,000 after purchasing an additional 3,416 shares during the last quarter. Compagnie Lombard Odier SCmA boosted its stake in shares of Deere & Company by 66.1% in the 3rd quarter. Compagnie Lombard Odier SCmA now owns 27,568 shares of the industrial products company's stock valued at $12,606,000 after purchasing an additional 10,974 shares during the last quarter. Ashton Thomas Private Wealth LLC boosted its stake in shares of Deere & Company by 263.8% in the 3rd quarter. Ashton Thomas Private Wealth LLC now owns 17,308 shares of the industrial products company's stock valued at $7,942,000 after purchasing an additional 12,551 shares during the last quarter. Public Sector Pension Investment Board boosted its stake in shares of Deere & Company by 14.6% in the 3rd quarter. Public Sector Pension Investment Board now owns 21,174 shares of the industrial products company's stock valued at $9,682,000 after purchasing an additional 2,702 shares during the last quarter. Finally, Asset Management One Co. Ltd. boosted its stake in shares of Deere & Company by 2.2% in the 3rd quarter. Asset Management One Co. Ltd. now owns 110,328 shares of the industrial products company's stock valued at $50,449,000 after purchasing an additional 2,373 shares during the last quarter. Institutional investors and hedge funds own 68.58% of the company's stock.

Deere & Company Stock Performance

Shares of DE opened at $562.54 on Friday. The company has a debt-to-equity ratio of 1.59, a quick ratio of 1.96 and a current ratio of 2.21. Deere & Company has a twelve month low of $433.00 and a twelve month high of $674.19. The firm's 50 day moving average price is $593.61 and its two-hundred day moving average price is $525.65. The firm has a market cap of $151.95 billion, a P/E ratio of 31.71, a PEG ratio of 2.07 and a beta of 0.98.

Deere & Company (NYSE:DE - Get Free Report) last announced its quarterly earnings results on Thursday, February 19th. The industrial products company reported $2.42 earnings per share for the quarter, beating analysts' consensus estimates of $1.90 by $0.52. Deere & Company had a net margin of 10.29% and a return on equity of 18.93%. The firm had revenue of $9.61 billion for the quarter, compared to analyst estimates of $7.50 billion. During the same quarter in the previous year, the firm posted $3.19 earnings per share. The business's revenue was up 17.5% on a year-over-year basis. On average, analysts forecast that Deere & Company will post 18.01 EPS for the current fiscal year.

Deere & Company Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, May 8th. Shareholders of record on Tuesday, March 31st will be paid a $1.62 dividend. The ex-dividend date of this dividend is Tuesday, March 31st. This represents a $6.48 dividend on an annualized basis and a yield of 1.2%. Deere & Company's payout ratio is presently 36.53%.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on DE shares. Raymond James Financial reaffirmed an "outperform" rating and issued a $765.00 target price on shares of Deere & Company in a research note on Monday, February 23rd. Morgan Stanley raised their target price on shares of Deere & Company from $560.00 to $730.00 and gave the company an "overweight" rating in a research note on Monday, February 23rd. Royal Bank Of Canada raised their target price on shares of Deere & Company from $541.00 to $736.00 and gave the company an "outperform" rating in a research note on Friday, February 20th. Wolfe Research raised their target price on shares of Deere & Company from $550.00 to $660.00 and gave the company an "outperform" rating in a research note on Tuesday, March 31st. Finally, DA Davidson raised their target price on shares of Deere & Company from $580.00 to $775.00 and gave the company a "buy" rating in a research note on Friday, February 20th. Sixteen investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. Based on data from MarketBeat.com, Deere & Company currently has a consensus rating of "Moderate Buy" and a consensus target price of $655.45.

Deere & Company Company Profile

Deere & Company, commonly known by its brand John Deere, is a global manufacturer of agricultural, construction and forestry machinery, as well as turf care equipment and power systems. Founded in 1837 by blacksmith John Deere—who developed a polished steel plow to improve tillage in tough prairie soils—the company is headquartered in Moline, Illinois, and has grown into one of the largest and most recognizable names in equipment manufacturing worldwide.

The company's principal businesses include a broad portfolio of agricultural equipment such as tractors, combines, planters, sprayers, harvesters and tillage implements, complemented by precision agriculture technologies and telematics that support farm management, yield optimization and equipment connectivity.

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