Deere & Company (DE) : Bach Investment Advisors Ltd added new position in Deere & Company during the most recent quarter end. The investment management firm now holds 4,394 shares of Deere & Company which is valued at $362,373 , the company said in a statement filed on May 9, 2016 with the SEC.Deere & Company makes up approximately 1.75% of Bach Investment Advisors Ltd’s portfolio.
Other Hedge Funds, Including , Dixon Hubard Feinour Brown Incva reduced its stake in DE by selling 575 shares or 14.18% in the most recent quarter. The Hedge Fund company now holds 3,480 shares of DE which is valued at $286,996. Deere & Company makes up approx 0.09% of Dixon Hubard Feinour Brown Incva’s portfolio.Edmp reduced its stake in DE by selling 431 shares or 8.71% in the most recent quarter. The Hedge Fund company now holds 4,520 shares of DE which is valued at $368,154. Deere & Company makes up approx 0.36% of Edmp’s portfolio.Eads Heald Investment Counsel reduced its stake in DE by selling 420 shares or 8.04% in the most recent quarter. The Hedge Fund company now holds 4,805 shares of DE which is valued at $404,149. Deere & Company makes up approx 0.28% of Eads Heald Investment Counsel’s portfolio.
Deere & Company closed down -1.68 points or -2.00% at $82.47 with 24,25,219 shares getting traded on Friday. Post opening the session at $83.8, the shares hit an intraday low of $82.28 and an intraday high of $84.29 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.
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.