Deere & Company (DE) : Saybrook Capital Nc reduced its stake in Deere & Company by 14.18% during the most recent quarter end. The investment management company now holds a total of 12,100 shares of Deere & Company which is valued at $943,679 after selling 2,000 shares in Deere & Company , the firm said in a disclosure report filed with the SEC on Aug 8, 2016.Deere & Company makes up approximately 0.59% of Saybrook Capital Nc’s portfolio.
Other Hedge Funds, Including , Columbia Asset Management reduced its stake in DE by selling 675 shares or 12.66% in the most recent quarter. The Hedge Fund company now holds 4,655 shares of DE which is valued at $363,043. Deere & Company makes up approx 0.12% of Columbia Asset Management’s portfolio. Alexandria Capital sold out all of its stake in DE during the most recent quarter. The investment firm sold 1 shares of DE which is valued $78.Bartlett reduced its stake in DE by selling 204 shares or 1.08% in the most recent quarter. The Hedge Fund company now holds 18,718 shares of DE which is valued at $1,468,427. Deere & Company makes up approx 0.07% of Bartlett’s portfolio.Community Bank Trust Waco Texas reduced its stake in DE by selling 300 shares or 7.49% in the most recent quarter. The Hedge Fund company now holds 3,705 shares of DE which is valued at $290,657. Deere & Company makes up approx 0.16% of Community Bank Trust Waco Texas’s portfolio. America First Investment Advisors sold out all of its stake in DE during the most recent quarter. The investment firm sold 200 shares of DE which is valued $16,024.
Deere & Company opened for trading at $77.15 and hit $78.649 on the upside on Monday, eventually ending the session at $78.28, with a gain of 1.66% or 1.28 points. The heightened volatility saw the trading volume jump to 26,67,441 shares. Company has a market cap of $24,600 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.