Staley Capital Advisers Inc buys $26,306,721 stake in Deere & Company (DE)

Deere & Company (DE) : Staley Capital Advisers Inc scooped up 5,050 additional shares in Deere & Company during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 3, 2016. The investment management firm now holds a total of 322,980 shares of Deere & Company which is valued at $26,306,721.Deere & Company makes up approximately 2.83% of Staley Capital Advisers Inc’s portfolio.

Other Hedge Funds, Including , Cypress Asset Management Inctx reduced its stake in DE by selling 3,584 shares or 18.83% in the most recent quarter. The Hedge Fund company now holds 15,446 shares of DE which is valued at $1,258,077. Deere & Company makes up approx 0.25% of Cypress Asset Management Inctx’s portfolio.Nippon Life Insurance Co boosted its stake in DE in the latest quarter, The investment management firm added 241 additional shares and now holds a total of 19,691 shares of Deere & Company which is valued at $1,603,832. Deere & Company makes up approx 0.04% of Nippon Life Insurance Co’s portfolio.Thompson Davis boosted its stake in DE in the latest quarter, The investment management firm added 52 additional shares and now holds a total of 313 shares of Deere & Company which is valued at $25,494. Deere & Company makes up approx 0.04% of Thompson Davis’s portfolio. Transamerica Financial Advisors sold out all of its stake in DE during the most recent quarter. The investment firm sold 10 shares of DE which is valued $828.Ferguson Wellman Capital Management Inc reduced its stake in DE by selling 650 shares or 17.66% in the most recent quarter. The Hedge Fund company now holds 3,030 shares of DE which is valued at $250,884. Deere & Company makes up approx 0.01% of Ferguson Wellman Capital Management Inc’s portfolio.

Deere & Company opened for trading at $80.91 and hit $84.38 on the upside on Tuesday, eventually ending the session at $83.81, with a gain of 4.01% or 3.23 points. The heightened volatility saw the trading volume jump to 59,48,018 shares. Company has a market cap of $26,427 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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