First Personal Financial Services buys $3.6 Million stake in Deere & Company (DE)

Deere & Company (DE) : First Personal Financial Services scooped up 20,438 additional shares in Deere & Company during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 11, 2016. The investment management firm now holds a total of 43,543 shares of Deere & Company which is valued at $3.6 Million.Deere & Company makes up approximately 1.78% of First Personal Financial Services’s portfolio.

Other Hedge Funds, Including , Coconut Grove Bank sold out all of its stake in DE during the most recent quarter. The investment firm sold 304 shares of DE which is valued $25,071.Anchor Capital Advisors boosted its stake in DE in the latest quarter, The investment management firm added 100 additional shares and now holds a total of 54,671 shares of Deere & Company which is valued at $4.5 Million. Deere & Company makes up approx 0.11% of Anchor Capital Advisors’s portfolio.Gamco Investors Et Al reduced its stake in DE by selling 104,314 shares or 11.81% in the most recent quarter. The Hedge Fund company now holds 778,610 shares of DE which is valued at $63.4 Million. Deere & Company makes up approx 0.42% of Gamco Investors Et Al’s portfolio.California Public Employees Retirement System reduced its stake in DE by selling 40,100 shares or 4.02% in the most recent quarter. The Hedge Fund company now holds 957,852 shares of DE which is valued at $78 Million. Deere & Company makes up approx 0.12% of California Public Employees Retirement System’s portfolio.Municipal Employees’ Retirement System Of Michigan reduced its stake in DE by selling 210 shares or 2.23% in the most recent quarter. The Hedge Fund company now holds 9,190 shares of DE which is valued at $748,526. Deere & Company makes up approx 0.05% of Municipal Employees’ Retirement System Of Michigan’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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