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

Calamos Wealth Management LLC increased its holdings in Deere & Company (NYSE:DE - Free Report) by 1.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 28,980 shares of the industrial products company's stock after acquiring an additional 492 shares during the quarter. Calamos Wealth Management LLC's holdings in Deere & Company were worth $13,602,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the business. Sunbelt Securities Inc. grew its position in Deere & Company by 2.4% in the 1st quarter. Sunbelt Securities Inc. now owns 925 shares of the industrial products company's stock valued at $434,000 after buying an additional 22 shares during the last quarter. First Bancorp Inc ME grew its position in Deere & Company by 4.7% in the 1st quarter. First Bancorp Inc ME now owns 509 shares of the industrial products company's stock valued at $239,000 after buying an additional 23 shares during the last quarter. World Equity Group Inc. grew its position in Deere & Company by 4.5% in the 1st quarter. World Equity Group Inc. now owns 552 shares of the industrial products company's stock valued at $244,000 after buying an additional 24 shares during the last quarter. Coppell Advisory Solutions LLC grew its position in Deere & Company by 2.5% in the 4th quarter. Coppell Advisory Solutions LLC now owns 1,011 shares of the industrial products company's stock valued at $432,000 after buying an additional 25 shares during the last quarter. Finally, Glen Eagle Advisors LLC grew its position in Deere & Company by 0.9% in the 4th quarter. Glen Eagle Advisors LLC now owns 2,936 shares of the industrial products company's stock valued at $1,244,000 after buying an additional 25 shares during the last quarter. 68.58% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on DE shares. Morgan Stanley lifted their price objective on shares of Deere & Company from $450.00 to $500.00 and gave the company an "overweight" rating in a research report on Wednesday, April 16th. Melius upgraded shares of Deere & Company from a "hold" rating to a "buy" rating in a research report on Friday, June 6th. Raymond James Financial lifted their price objective on shares of Deere & Company from $530.00 to $560.00 and gave the company an "outperform" rating in a research report on Friday, May 16th. Barclays lifted their price objective on shares of Deere & Company from $475.00 to $530.00 and gave the company an "overweight" rating in a research report on Friday, May 16th. Finally, Citigroup decreased their target price on shares of Deere & Company from $550.00 to $525.00 and set a "neutral" rating on the stock in a research report on Friday, May 30th. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, Deere & Company presently has an average rating of "Hold" and an average price target of $515.19.

Deere & Company Price Performance

Shares of Deere & Company stock traded down $2.82 on Friday, hitting $517.50. The company's stock had a trading volume of 470,313 shares, compared to its average volume of 1,356,450. Deere & Company has a 52-week low of $340.20 and a 52-week high of $533.78. The company has a quick ratio of 1.89, a current ratio of 2.11 and a debt-to-equity ratio of 1.76. The firm has a fifty day moving average price of $505.29 and a 200-day moving average price of $474.73. The company has a market capitalization of $140.15 billion, a P/E ratio of 25.04, a price-to-earnings-growth ratio of 3.31 and a beta of 1.08.

Deere & Company (NYSE:DE - Get Free Report) last released its quarterly earnings data on Thursday, May 15th. The industrial products company reported $6.64 EPS for the quarter, topping the consensus estimate of $5.72 by $0.92. Deere & Company had a net margin of 12.40% and a return on equity of 24.39%. The business had revenue of $11.17 billion for the quarter, compared to analyst estimates of $10.80 billion. During the same period in the previous year, the firm earned $8.53 EPS. The business's revenue for the quarter was down 17.9% compared to the same quarter last year. On average, equities research analysts expect that Deere & Company will post 19.32 earnings per share for the current fiscal year.

Deere & Company Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, August 8th. Investors of record on Monday, June 30th will be paid a $1.62 dividend. This represents a $6.48 annualized dividend and a yield of 1.25%. The ex-dividend date is Monday, June 30th. Deere & Company's payout ratio is 31.35%.

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.