Calamos Advisors LLC increased its stake in shares of Deere & Company (NYSE:DE – Free Report) by 2.0% in the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 50,530 shares of the industrial products company’s stock after buying an additional 1,002 shares during the period. Calamos Advisors LLC’s holdings in Deere & Company were worth $33,933,000 as of its most recent SEC filing.
Other hedge funds have also added to or reduced their stakes in the company. Mowery & Schoenfeld Wealth Management LLC purchased a new position in Deere & Company in the second quarter valued at approximately $27,000. Kilter Group LLC purchased a new position in shares of Deere & Company in the second quarter worth about $29,000. Solstein Capital LLC bought a new stake in shares of Deere & Company in the second quarter valued at approximately $30,000. Orion Capital Management LLC bought a new stake in shares of Deere & Company in the second quarter valued at approximately $32,000. Finally, Markowski Investments purchased a new stake in shares of Deere & Company during the 2nd quarter valued at approximately $34,000. Institutional investors own 68.58% of the company’s stock.
Analyst Ratings Changes
DE has been the subject of a number of recent research reports. UBS Group reduced their price objective on shares of Deere & Company from $732.00 to $728.00 and set a “buy” rating for the company in a research note on Friday, August 21st. Weiss Ratings raised Deere & Company from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, September 21st. CICC Research assumed coverage on Deere & Company in a research report on Sunday, September 13th. They issued an “outperform” rating for the company. Royal Bank Of Canada reiterated an “outperform” rating and set a $752.00 price objective on shares of Deere & Company in a research note on Monday, August 24th. Finally, Citigroup increased their price objective on Deere & Company from $610.00 to $650.00 and gave the stock a “neutral” rating in a report on Friday, August 21st. Seventeen equities research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $688.10.
Get Our Latest Research Report on Deere & Company
Deere & Company Price Performance
NYSE:DE traded up $8.68 during midday trading on Friday, hitting $671.99. The company had a trading volume of 1,215,956 shares, compared to its average volume of 1,104,551. The company has a market capitalization of $181.18 billion, a PE ratio of 37.33, a P/E/G ratio of 1.89 and a beta of 0.89. The company has a quick ratio of 1.89, a current ratio of 2.10 and a debt-to-equity ratio of 1.45. Deere & Company has a 52-week low of $455.90 and a 52-week high of $721.22. The stock’s fifty day moving average price is $667.02 and its 200-day moving average price is $608.14.
Deere & Company (NYSE:DE – Get Free Report) last posted its quarterly earnings data on Thursday, August 20th. The industrial products company reported $5.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.69 by $0.41. The firm had revenue of $12.61 billion during the quarter, compared to analysts’ expectations of $10.81 billion. Deere & Company had a return on equity of 18.10% and a net margin of 10.16%. The company’s revenue for the quarter was up 6.2% compared to the same quarter last year. During the same period in the prior year, the business earned $4.75 EPS. As a group, research analysts expect that Deere & Company will post 18.11 earnings per share for the current year.
Deere & Company Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Monday, November 9th. Shareholders of record on Wednesday, September 30th will be paid a $1.62 dividend. The ex-dividend date of this dividend is Wednesday, September 30th. This represents a $6.48 annualized dividend and a yield of 1.0%. Deere & Company’s dividend payout ratio is currently 36.00%.
More Deere & Company News
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 Profile
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