Deere & Company (DE) : Asset Management Advisors reduced its stake in Deere & Company by 14.27% during the most recent quarter end. The investment management company now holds a total of 46,410 shares of Deere & Company which is valued at $3,573,570 after selling 7,725 shares in Deere & Company , the firm said in a disclosure report filed with the SEC on Aug 11, 2016.Deere & Company makes up approximately 3.31% of Asset Management Advisors’s portfolio.
Other Hedge Funds, Including , Hightower Advisors boosted its stake in DE in the latest quarter, The investment management firm added 1,404 additional shares and now holds a total of 62,565 shares of Deere & Company which is valued at $4,817,505. Deere & Company makes up approx 0.06% of Hightower Advisors’s portfolio.Cambridge Trust Co reduced its stake in DE by selling 572 shares or 10.96% in the most recent quarter. The Hedge Fund company now holds 4,649 shares of DE which is valued at $364,203. Deere & Company makes up approx 0.03% of Cambridge Trust Co’s portfolio.Louisiana State Employees Retirement System reduced its stake in DE by selling 400 shares or 2.0% in the most recent quarter. The Hedge Fund company now holds 19,600 shares of DE which is valued at $1,537,620. Deere & Company makes up approx 0.08% of Louisiana State Employees Retirement System’s portfolio.Ibm Retirement Fund reduced its stake in DE by selling 544 shares or 1.32% in the most recent quarter. The Hedge Fund company now holds 40,735 shares of DE which is valued at $3,263,688. Deere & Company makes up approx 0.12% of Ibm Retirement Fund’s portfolio.
Deere & Company opened for trading at $88.4 and hit $88.63 on the upside on Tuesday, eventually ending the session at $88.09, with a gain of 0.15% or 0.13 points. The heightened volatility saw the trading volume jump to 52,80,009 shares. Company has a market cap of $27,683 M.
On the company’s financial health, Deere & Company reported $1.55 EPS for the quarter, beating the analyst consensus estimate by $ 0.61 according to the earnings call on Aug 19, 2016. Analyst had a consensus of $0.94. The company had revenue of $5861.00 million for the quarter, compared to analysts expectations of $6026.59 million. The company’s revenue was down -14.3 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.53 EPS.
Many Wall Street Analysts have commented on Deere & Company. Company shares were Reiterated by RBC Capital Mkts on Aug 22, 2016 to “Sector Perform”, Firm has raised the Price Target to $ 80 from a previous price target of $72 .Shares were Downgraded by UBS on Jul 29, 2016 to ” Neutral” and Lowered the Price Target to $ 80 from a previous price target of $94 .Deere & Company was Downgraded by Piper Jaffray to ” Underweight” on Jul 25, 2016.
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.