Calamos Advisors LLC boosted its position in shares of Deere & Co. (NYSE:DE) by 0.0% during the second quarter, Holdings Channel reports. The institutional investor owned 73,983 shares of the company’s stock after buying an additional 28 shares during the period. Calamos Advisors LLC’s holdings in Deere & Co. were worth $5,996,000 as of its most recent filing with the SEC.
Other hedge funds have also recently added to or reduced their stakes in the company. State Street Corp raised its stake in Deere & Co. by 0.3% in the first quarter. State Street Corp now owns 12,081,309 shares of the company’s stock worth $930,132,000 after buying an additional 38,519 shares in the last quarter. Franklin Resources Inc. raised its stake in Deere & Co. by 5.8% in the first quarter. Franklin Resources Inc. now owns 5,868,440 shares of the company’s stock worth $451,811,000 after buying an additional 319,614 shares in the last quarter. Primecap Management Co. CA raised its stake in Deere & Co. by 19.3% in the first quarter. Primecap Management Co. CA now owns 5,286,519 shares of the company’s stock worth $407,009,000 after buying an additional 856,000 shares in the last quarter. Legal & General Group Plc raised its stake in Deere & Co. by 0.3% in the first quarter. Legal & General Group Plc now owns 1,436,384 shares of the company’s stock worth $110,619,000 after buying an additional 3,974 shares in the last quarter. Finally, Thomaspartners Inc. raised its stake in Deere & Co. by 4.3% in the first quarter. Thomaspartners Inc. now owns 1,343,887 shares of the company’s stock worth $103,466,000 after buying an additional 55,848 shares in the last quarter. Institutional investors and hedge funds own 70.62% of the company’s stock.
Deere & Co. (NYSE:DE) traded up 1.78% on Friday, reaching $85.35. 3,157,773 shares of the company’s stock were exchanged. The firm has a 50 day moving average price of $83.29 and a 200 day moving average price of $81.82. Deere & Co. has a one year low of $70.16 and a one year high of $88.63. The firm has a market cap of $26.84 billion, a PE ratio of 17.10 and a beta of 1.05.
Deere & Co. (NYSE:DE) last issued its quarterly earnings data on Friday, August 19th. The company reported $1.55 EPS for the quarter, topping analysts’ consensus estimates of $0.94 by $0.61. The business had revenue of $6.72 billion for the quarter. Deere & Co. had a net margin of 5.92% and a return on equity of 22.73%. Deere & Co.’s revenue for the quarter was down 14.3% compared to the same quarter last year. During the same period in the previous year, the business earned $1.53 EPS. On average, equities analysts anticipate that Deere & Co. will post $4.30 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, November 1st. Stockholders of record on Friday, September 30th will be given a dividend of $0.60 per share. The ex-dividend date of this dividend is Wednesday, September 28th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.81%. Deere & Co.’s dividend payout ratio (DPR) is 48.10%.
A number of analysts have recently commented on the stock. Piper Jaffray Cos. lifted their price target on shares of Deere & Co. from $67.00 to $70.00 and gave the stock an “underweight” rating in a research note on Monday, August 22nd. Vetr lowered shares of Deere & Co. from a “hold” rating to a “sell” rating and set a $77.39 price target for the company. in a research note on Monday, July 11th. Argus raised their price objective on shares of Deere & Co. from $90.00 to $98.00 and gave the stock a “buy” rating in a report on Tuesday, August 23rd. Goldman Sachs Group Inc. raised shares of Deere & Co. from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $87.00 to $105.00 in a report on Thursday, June 2nd. Finally, Morgan Stanley reissued a “sell” rating on shares of Deere & Co. in a report on Thursday, June 30th. Eight equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $82.40.
Deere & Co. Company Profile
Deere & Company is engaged in equipment operations and financial services. The Company operates through three business segments: agriculture and turf, construction and forestry, and financial services. The Company’s agriculture and turf segment primarily manufactures and distributes a full line of agriculture and turf equipment and related service parts.
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