Deere & Company (DE) : Norman Fields Gottscho Capital Management reduced its stake in Deere & Company by 3.11% during the most recent quarter end. The investment management company now holds a total of 94,693 shares of Deere & Company which is valued at $7,855,731 after selling 3,040 shares in Deere & Company , the firm said in a disclosure report filed with the SEC on Jul 11, 2016.Deere & Company makes up approximately 5.35% of Norman Fields Gottscho Capital Management’s portfolio.
Other Hedge Funds, Including , 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.Carl Domino Inc reduced its stake in DE by selling 15 shares or 0.14% in the most recent quarter. The Hedge Fund company now holds 10,695 shares of DE which is valued at $865,974. Deere & Company makes up approx 0.80% of Carl Domino Inc’s portfolio.Marshwinds Advisory Co boosted its stake in DE in the latest quarter, The investment management firm added 550 additional shares and now holds a total of 10,276 shares of Deere & Company which is valued at $832,048. Deere & Company makes up approx 0.40% of Marshwinds Advisory Co’s portfolio.Alecta Pensionsforsakring Omsesidigt reduced its stake in DE by selling 234,200 shares or 11.26% in the most recent quarter. The Hedge Fund company now holds 1,845,800 shares of DE which is valued at $146,131,986. Deere & Company makes up approx 1.44% of Alecta Pensionsforsakring Omsesidigt’s portfolio.
Deere & Company opened for trading at $82.68 and hit $83.52 on the upside on Wednesday, eventually ending the session at $82.96, with a gain of 0.66% or 0.54 points. The heightened volatility saw the trading volume jump to 27,72,599 shares. Company has a market cap of $26,071 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. 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 .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 .
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.