Cidel Asset Management Inc buys $9,859,934 stake in Deere & Company (DE)

Deere & Company (DE) : Cidel Asset Management Inc scooped up 7,379 additional shares in Deere & Company during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 3, 2016. The investment management firm now holds a total of 125,909 shares of Deere & Company which is valued at $9,859,934.Deere & Company makes up approximately 0.56% of Cidel Asset Management Inc’s portfolio.

Other Hedge Funds, Including , Great West Life Assurance Co Can boosted its stake in DE in the latest quarter, The investment management firm added 147,711 additional shares and now holds a total of 343,542 shares of Deere & Company which is valued at $26,902,774. Deere & Company makes up approx 0.08% of Great West Life Assurance Co Can’s portfolio.Cibc Asset Management Inc boosted its stake in DE in the latest quarter, The investment management firm added 3,462 additional shares and now holds a total of 36,361 shares of Deere & Company which is valued at $2,847,430. Deere & Company makes up approx 0.02% of Cibc Asset Management Inc’s portfolio.Integrated Wealth Management boosted its stake in DE in the latest quarter, The investment management firm added 145 additional shares and now holds a total of 1,106 shares of Deere & Company which is valued at $86,611. Deere & Company makes up approx 0.03% of Integrated Wealth Management’s portfolio.Pitcairn Co reduced its stake in DE by selling 89 shares or 1.4% in the most recent quarter. The Hedge Fund company now holds 6,275 shares of DE which is valued at $492,274. Deere & Company makes up approx 0.06% of Pitcairn Co’s portfolio.Trust Co Of Toledo Na Oh reduced its stake in DE by selling 150 shares or 1.7% in the most recent quarter. The Hedge Fund company now holds 8,648 shares of DE which is valued at $678,436. Deere & Company makes up approx 0.19% of Trust Co Of Toledo Na Oh’s portfolio.

Deere & Company opened for trading at $78.55 and hit $78.99 on the upside on Monday, eventually ending the session at $78.92, with a gain of 0.74% or 0.58 points. The heightened volatility saw the trading volume jump to 26,98,589 shares. Company has a market cap of $24,801 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. 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 was Upgraded by Goldman to ” Buy” on Jun 3, 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.

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