Deere & Company (DE) : Clinton Group Inc scooped up 224,502 additional shares in Deere & Company during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 13, 2016. The investment management firm now holds a total of 243,272 shares of Deere & Company which is valued at $20.1 Million.Deere & Company makes up approximately 1.21% of Clinton Group Inc’s portfolio.
Other Hedge Funds, Including , Boston Research Management Inc boosted its stake in DE in the latest quarter, The investment management firm added 7,925 additional shares and now holds a total of 27,737 shares of Deere & Company which is valued at $2.3 Million. Deere & Company makes up approx 1.43% of Boston Research Management Inc’s portfolio.Ipswich Investment Management reduced its stake in DE by selling 7,000 shares or 93.33% in the most recent quarter. The Hedge Fund company now holds 500 shares of DE which is valued at $41,235. Deere & Company makes up approx 0.02% of Ipswich Investment Management’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.Toron Capital Markets boosted its stake in DE in the latest quarter, The investment management firm added 54,447 additional shares and now holds a total of 118,530 shares of Deere & Company which is valued at $9.7 Million. Deere & Company makes up approx 0.58% of Toron Capital Markets’s portfolio.
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.