Alta Capital Management buys $975,881 stake in Deere & Company (DE)

Deere & Company (DE) : Alta Capital Management scooped up 375 additional shares in Deere & Company during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 21, 2016. The investment management firm now holds a total of 11,786 shares of Deere & Company which is valued at $975,881.Deere & Company makes up approximately 0.06% of Alta Capital Management’s portfolio.

Deere & Company opened for trading at $84.07 and hit $85.24 on the upside on Wednesday, eventually ending the session at $84.71, with a gain of 1.55% or 1.29 points. The heightened volatility saw the trading volume jump to 28,76,671 shares. Company has a market cap of $26,711 M.

Other Hedge Funds, Including , Cardinal Capital Management boosted its stake in DE in the latest quarter, The investment management firm added 1,936 additional shares and now holds a total of 42,957 shares of Deere & Company which is valued at $3,556,840. Deere & Company makes up approx 1.46% of Cardinal Capital Management’s portfolio.Gateway Investment Advisers boosted its stake in DE in the latest quarter, The investment management firm added 3,544 additional shares and now holds a total of 276,049 shares of Deere & Company which is valued at $22,856,857. Deere & Company makes up approx 0.20% of Gateway Investment Advisers’s portfolio.Thompson Rubinstein Investment Management Inc Or boosted its stake in DE in the latest quarter, The investment management firm added 23,280 additional shares and now holds a total of 53,886 shares of Deere & Company which is valued at $4,081,865. Deere & Company makes up approx 1.68% of Thompson Rubinstein Investment Management Inc Or’s portfolio.Kistler-tiffany Companies boosted its stake in DE in the latest quarter, The investment management firm added 12 additional shares and now holds a total of 2,363 shares of Deere & Company which is valued at $178,997. Deere & Company makes up approx 0.10% of Kistler-tiffany Companies’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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