Loeb Partners Corp adds Deere & Company (DE) to its portfolio

Deere & Company (DE) : Loeb Partners Corp added new position in Deere & Company during the most recent quarter end. The investment management firm now holds 70,575 shares of Deere & Company which is valued at $5,654,469 , the company said in a statement filed on Jul 20, 2016 with the SEC.Deere & Company makes up approximately 1.83% of Loeb Partners Corp’s portfolio.

Other Hedge Funds, Including , Quantres Asset Management Ltd reduced its stake in DE by selling 15,900 shares or 54.08% in the most recent quarter. The Hedge Fund company now holds 13,500 shares of DE which is valued at $1,081,620. Deere & Company makes up approx 0.64% of Quantres Asset Management Ltd’s portfolio.St. Johns Investment Management Company reduced its stake in DE by selling 323 shares or 4.24% in the most recent quarter. The Hedge Fund company now holds 7,294 shares of DE which is valued at $604,016. Deere & Company makes up approx 0.53% of St. Johns Investment Management Company’s portfolio. Baxter Bros Inc sold out all of its stake in DE during the most recent quarter. The investment firm sold 4,030 shares of DE which is valued $326,309.Howland Capital Management boosted its stake in DE in the latest quarter, The investment management firm added 34 additional shares and now holds a total of 15,539 shares of Deere & Company which is valued at $1,258,193. Deere & Company makes up approx 0.12% of Howland Capital Management’s portfolio.

Deere & Company closed down -0.45 points or -0.54% at $82.81 with 22,97,555 shares getting traded on Wednesday. Post opening the session at $83.04, the shares hit an intraday low of $82.75 and an intraday high of $83.46 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

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. Deere & Company was Downgraded by Piper Jaffray to ” Underweight” on Jul 25, 2016. Deere & Company was Upgraded by Goldman to ” Buy” on Jun 3, 2016. Company shares were Upgraded by UBS on May 31, 2016 to ” Buy”, Firm has raised the Price Target to $ 94 from a previous price target of $82 .

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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