Jolley Asset Management buys $48,686 stake in Deere & Company (DE)

Deere & Company (DE) : Jolley Asset Management scooped up 475 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 588 shares of Deere & Company which is valued at $48,686.Deere & Company makes up approximately 0.04% of Jolley Asset 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 , Santa Fe Partners added DE to its portfolio by purchasing 39,853 company shares during the most recent quarter which is valued at $3,086,216. Deere & Company makes up approx 0.50% of Santa Fe Partners’s portfolio.Benjamin F. Edwards Company reduced its stake in DE by selling 39 shares or 0.33% in the most recent quarter. The Hedge Fund company now holds 11,960 shares of DE which is valued at $926,182. Deere & Company makes up approx 0.19% of Benjamin F. Edwards Company’s portfolio.Fjarde Ap-fonden Fourth Swedish National Pension Fund boosted its stake in DE in the latest quarter, The investment management firm added 9,011 additional shares and now holds a total of 72,144 shares of Deere & Company which is valued at $5,586,831. Deere & Company makes up approx 0.13% of Fjarde Ap-fonden Fourth Swedish National Pension Fund’s portfolio.Founders Financial Securities reduced its stake in DE by selling 1,121 shares or 2.63% in the most recent quarter. The Hedge Fund company now holds 41,494 shares of DE which is valued at $3,213,295. Deere & Company makes up approx 1.50% of Founders Financial Securities’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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