Deere & Company (DE) : Fukoku Mutual Life Insurance Co reduced its stake in Deere & Company by 0.62% during the most recent quarter end. The investment management company now holds a total of 80,400 shares of Deere & Company which is valued at $7,366,248 after selling 500 shares in Deere & Company , the firm said in a disclosure report filed with the SEC on Nov 14, 2016.Deere & Company makes up approximately 1.37% of Fukoku Mutual Life Insurance Co’s portfolio.
Other Hedge Funds, Including , Blackrock Investment Management reduced its stake in DE by selling 18,835 shares or 3.36% in the most recent quarter. The Hedge Fund company now holds 541,461 shares of DE which is valued at $48,190,029. Deere & Company makes up approx 0.06% of Blackrock Investment Management’s portfolio.Blue Chip Partners reduced its stake in DE by selling 342 shares or 4.22% in the most recent quarter. The Hedge Fund company now holds 7,757 shares of DE which is valued at $683,081. Deere & Company makes up approx 0.31% of Blue Chip Partners’s portfolio.Farmers Merchants Investments Inc reduced its stake in DE by selling 392 shares or 19.97% in the most recent quarter. The Hedge Fund company now holds 1,571 shares of DE which is valued at $136,064. Deere & Company makes up approx 0.01% of Farmers Merchants Investments Inc’s portfolio.
Deere & Company opened for trading at $91.69 and hit $92.19 on the upside on Monday, eventually ending the session at $91.96, with a gain of 0.21% or 0.19 points. The heightened volatility saw the trading volume jump to 23,98,470 shares. Company has a market cap of $28,914 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 Upgraded by Robert W. Baird on Oct 31, 2016 to ” Outperform”, Firm has raised the Price Target to $ 100 from a previous price target of $86 .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.
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.