Deere & Company (DE) : Crystal Rock Capital Management scooped up 9,730 additional shares in Deere & Company during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 12, 2016. The investment management firm now holds a total of 32,130 shares of Deere & Company which is valued at $2,474,010.Deere & Company makes up approximately 1.71% of Crystal Rock Capital Management’s portfolio.
Other Hedge Funds, Including , Allianz Asset Management Ag boosted its stake in DE in the latest quarter, The investment management firm added 40,448 additional shares and now holds a total of 901,445 shares of Deere & Company which is valued at $69,411,265. Deere & Company makes up approx 0.10% of Allianz Asset Management Ag’s portfolio.Montgomery Investment Management Inc reduced its stake in DE by selling 220 shares or 0.61% in the most recent quarter. The Hedge Fund company now holds 36,000 shares of DE which is valued at $2,772,000. Deere & Company makes up approx 1.32% of Montgomery Investment Management Inc’s portfolio.Weatherly Asset Management L. P. reduced its stake in DE by selling 359 shares or 3.25% in the most recent quarter. The Hedge Fund company now holds 10,694 shares of DE which is valued at $837,768. Deere & Company makes up approx 0.27% of Weatherly Asset Management L. P.’s portfolio.Concert Wealth Management reduced its stake in DE by selling 107 shares or 2.2% in the most recent quarter. The Hedge Fund company now holds 4,748 shares of DE which is valued at $368,967. Deere & Company makes up approx 0.05% of Concert Wealth Management’s portfolio.Msi Financial Services Inc boosted its stake in DE in the latest quarter, The investment management firm added 2,211 additional shares and now holds a total of 16,217 shares of Deere & Company which is valued at $1,272,224. Deere & Company makes up approx 0.04% of Msi Financial Services Inc’s portfolio.
Deere & Company opened for trading at $86.66 and hit $87.05 on the upside on Monday, eventually ending the session at $86.93, with a gain of 0.22% or 0.19 points. The heightened volatility saw the trading volume jump to 20,07,601 shares. Company has a market cap of $27,319 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.