Weybosset Research Management Lowers stake in Deere & Company (DE)

Deere & Company (DE) : Weybosset Research Management reduced its stake in Deere & Company by 1.12% during the most recent quarter end. The investment management company now holds a total of 59,614 shares of Deere & Company which is valued at $4,936,039 after selling 676 shares in Deere & Company , the firm said in a disclosure report filed with the SEC on Apr 18, 2016.Deere & Company makes up approximately 4.04% of Weybosset Research Management’s portfolio.

Deere & Company (DE) witnessed a volatile trading activity on Friday , and eventually ended flat at 0.00% or 0 points without letting the bulls or bears take much advantage. The trading began at $82.95 and reached the intraday high at $83.457. The bulls started the profit booking and pushed the shares to intraday low of $82.7. The trading session was marked by a volume range of 20,87,389 shares exchanging hands. The 52-week high of the shares is $98.23 and the 52-week low is $70.16. The market cap of the company stands at $26,109 M and there are 31,53,25,770 shares in public circulation.

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.Eqis Capital Management boosted its stake in DE in the latest quarter, The investment management firm added 731 additional shares and now holds a total of 7,382 shares of Deere & Company which is valued at $559,187. Deere & Company makes up approx 0.04% of Eqis Capital Management’s portfolio. Trust Co Of Virginia Va added DE to its portfolio by purchasing 2,604 company shares during the most recent quarter which is valued at $197,253. Deere & Company makes up approx 0.04% of Trust Co Of Virginia Va’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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