Founders Financial Securities Lowers stake in Deere & Company (DE)

Deere & Company (DE) : Founders Financial Securities reduced its stake in Deere & Company by 2.63% during the most recent quarter end. The investment management company now holds a total of 41,494 shares of Deere & Company which is valued at $3,213,295 after selling 1,121 shares in Deere & Company , the firm said in a disclosure report filed with the SEC on Apr 11, 2016.Deere & Company makes up approximately 1.50% of Founders Financial Securities’s portfolio.

Deere & Company closed down -0.22 points or -0.28% at $77.44 with 25,36,893 shares getting traded on Friday. Post opening the session at $77.66, the shares hit an intraday low of $77.36 and an intraday high of $78.212 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

Other Hedge Funds, Including , Creative Planning boosted its stake in DE in the latest quarter, The investment management firm added 1,594 additional shares and now holds a total of 35,221 shares of Deere & Company which is valued at $2,667,991. Deere & Company makes up approx 0.02% of Creative Planning’s portfolio.Proficio Capital Partners boosted its stake in DE in the latest quarter, The investment management firm added 6 additional shares and now holds a total of 55 shares of Deere & Company which is valued at $4,166.Partnerre Asset Management Corp reduced its stake in DE by selling 100 shares or 4.79% in the most recent quarter. The Hedge Fund company now holds 1,989 shares of DE which is valued at $150,667. Deere & Company makes up approx 0.08% of Partnerre Asset Management Corp’s portfolio.Cardinal Capital Management reduced its stake in DE by selling 4,337 shares or 3.73% in the most recent quarter. The Hedge Fund company now holds 111,977 shares of DE which is valued at $8,482,258. Deere & Company makes up approx 0.97% of Cardinal Capital Management’s portfolio.

On the company’s financial health, Deere & Company reported $0.80 EPS for the quarter, beating the analyst consensus estimate by $ 0.10 according to the earnings call on Feb 19, 2016. Analyst had a consensus of $0.70. The company had revenue of $4769.00 million for the quarter, compared to analysts expectations of $4861.77 million. The company’s revenue was down -14.9 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.12 EPS.

Many Wall Street Analysts have commented on Deere & Company. Argus Upgraded Deere & Company on Feb 24, 2016 to ” Buy”, Price Target of the shares are set at $85.

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. The Company’s construction and forestry segment primarily manufactures and distributes a range of machines and service parts used in construction earthmoving material handling and timber harvesting. The Company’s financial services segment primarily provides credit services which include finance sales and leases by John Deere dealers of new and used agriculture and turf equipment and construction and forestry equipment.

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