Country Club Trust Company N.a. Exits Position in Deere & Company (DE)

Deere & Company (DE) : Country Club Trust Company N.a. has sold out all of its stake in Deere & Company during the most recent quarter, according to the disclosure filed by the company on Oct 14, 2016 with the SEC. The investment management company has sold out 2,600 shares of Deere & Company which is valued at $224,640.

Other Hedge Funds, Including , Peddock Capital Advisors added DE to its portfolio by purchasing 3,363 company shares during the most recent quarter which is valued at $290,563. Deere & Company makes up approx 0.19% of Peddock Capital Advisors’s portfolio.Carroll Financial Associates boosted its stake in DE in the latest quarter, The investment management firm added 105 additional shares and now holds a total of 945 shares of Deere & Company which is valued at $82,678. Deere & Company makes up approx 0.01% of Carroll Financial Associates’s portfolio.First National Bank Of Mount Dora Trust Investment Services boosted its stake in DE in the latest quarter, The investment management firm added 562 additional shares and now holds a total of 27,457 shares of Deere & Company which is valued at $2,337,140. Deere & Company makes up approx 1.31% of First National Bank Of Mount Dora Trust Investment Services’s portfolio.Stillwater Investment Management boosted its stake in DE in the latest quarter, The investment management firm added 120 additional shares and now holds a total of 15,709 shares of Deere & Company which is valued at $1,337,150. Deere & Company makes up approx 0.73% of Stillwater Investment Management’s portfolio.

Deere & Company opened for trading at $86.88 and hit $87.29 on the upside on Friday, eventually ending the session at $86.4, with a gain of 0.07% or 0.06 points. The heightened volatility saw the trading volume jump to 18,00,740 shares. Company has a market cap of $27,166 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. Deere & Company was Upgraded by Wells Fargo to ” Outperform” on Oct 10, 2016. Deutsche Bank Initiated Deere & Company on Sep 7, 2016 to “Hold”, Price Target of the shares are set at $90.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 .

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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