Shelter Mutual Insurance Co adds Deere & Company (DE) to its portfolio

Deere & Company (DE) : Shelter Mutual Insurance Co added new position in Deere & Company during the most recent quarter end. The investment management firm now holds 81,100 shares of Deere & Company which is valued at $6.7 Million , the company said in a statement filed on May 13, 2016 with the SEC.Deere & Company makes up approximately 2.07% of Shelter Mutual Insurance Co’s portfolio.

Other Hedge Funds, Including , Bridgewater Associates Lp added DE to its portfolio by purchasing 15,600 company shares during the most recent quarter which is valued at $1.3 Million. Deere & Company makes up approx 0.02% of Bridgewater Associates Lp’s portfolio.Golub Group boosted its stake in DE in the latest quarter, The investment management firm added 8,700 additional shares and now holds a total of 277,243 shares of Deere & Company which is valued at $22.9 Million. Deere & Company makes up approx 2.44% of Golub Group’s portfolio.Guardian Capital Advisors Lp reduced its stake in DE by selling 100 shares or 3.28% in the most recent quarter. The Hedge Fund company now holds 2,945 shares of DE which is valued at $242,874. Deere & Company makes up approx 0.04% of Guardian Capital Advisors Lp’s portfolio.New Mexico Educational Retirement Board boosted its stake in DE in the latest quarter, The investment management firm added 700 additional shares and now holds a total of 34,552 shares of Deere & Company which is valued at $2.8 Million. Deere & Company makes up approx 0.14% of New Mexico Educational Retirement Board’s portfolio. Summit Securities Group sold out all of its stake in DE during the most recent quarter. The investment firm sold 4,500 shares of DE which is valued $371,115.

Deere & Company opened for trading at $80.18 and hit $80.88 on the upside on Wednesday, eventually ending the session at $80.49, with a gain of 1.07% or 0.85 points. The heightened volatility saw the trading volume jump to 29,23,614 shares. Company has a market cap of $25,381 M.

On the company’s financial health, Deere & Company reported $1.56 EPS for the quarter, beating the analyst consensus estimate by $ 0.08 according to the earnings call on May 20, 2016. Analyst had a consensus of $1.48. The company had revenue of $7107.00 million for the quarter, compared to analysts expectations of $6659.63 million. The company’s revenue was down -3.9 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $2.03 EPS.

Many Wall Street Analysts have commented on Deere & Company. Company shares were Reiterated by Piper Jaffray on May 23, 2016 to “Neutral”, Firm has raised the Price Target to $ 76 from a previous price target of $75 .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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