Fdo Partners adds Deere & Company (DE) to its portfolio

Deere & Company (DE) : Fdo Partners added new position in Deere & Company during the most recent quarter end. The investment management firm now holds 25,361 shares of Deere & Company which is valued at $2,091,522 , the company said in a statement filed on May 10, 2016 with the SEC.Deere & Company makes up approximately 1.36% of Fdo Partners’s portfolio.

Other Hedge Funds, Including , Barrow Hanley Mewhinney Strauss reduced its stake in DE by selling 38,294 shares or 1.44% in the most recent quarter. The Hedge Fund company now holds 2,629,126 shares of DE which is valued at $216,824,021. Deere & Company makes up approx 0.33% of Barrow Hanley Mewhinney Strauss’s portfolio. Ballentine Partners added DE to its portfolio by purchasing 2,799 company shares during the most recent quarter which is valued at $230,834. Deere & Company makes up approx 0.02% of Ballentine Partners’s portfolio. Allegis Investment Advisors sold out all of its stake in DE during the most recent quarter. The investment firm sold 715 shares of DE which is valued $58,966.Welch Group boosted its stake in DE in the latest quarter, The investment management firm added 185 additional shares and now holds a total of 3,333 shares of Deere & Company which is valued at $271,473. Deere & Company makes up approx 0.04% of Welch Group’s portfolio.First Midwest Bank Trust Division boosted its stake in DE in the latest quarter, The investment management firm added 9,072 additional shares and now holds a total of 96,364 shares of Deere & Company which is valued at $8,105,176. Deere & Company makes up approx 1.06% of First Midwest Bank Trust Division’s portfolio.

Deere & Company opened for trading at $82.71 and hit $84.135 on the upside on Monday, eventually ending the session at $83.63, with a gain of 1.41% or 1.16 points. The heightened volatility saw the trading volume jump to 23,02,947 shares. Company has a market cap of $26,371 M.

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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