Deere & Company (DE) : Thompson Rubinstein Investment Management Inc Or reduced its stake in Deere & Company by 1.5% during the most recent quarter end. The investment management company now holds a total of 53,517 shares of Deere & Company which is valued at $4,682,202 after selling 815 shares in Deere & Company , the firm said in a disclosure report filed with the SEC on Oct 11, 2016.Deere & Company makes up approximately 1.79% of Thompson Rubinstein Investment Management Inc Or’s portfolio.
Other Hedge Funds, Including , Naples Global Advisors reduced its stake in DE by selling 50 shares or 0.3% in the most recent quarter. The Hedge Fund company now holds 16,502 shares of DE which is valued at $1,443,760. Deere & Company makes up approx 0.57% of Naples Global Advisors’s portfolio. Hefty Wealth Partners added DE to its portfolio by purchasing 866 company shares during the most recent quarter which is valued at $73,714. Deere & Company makes up approx 0.06% of Hefty Wealth Partners’s portfolio.Summit Financial Wealth Advisors reduced its stake in DE by selling 4,944 shares or 50.09% in the most recent quarter. The Hedge Fund company now holds 4,926 shares of DE which is valued at $419,301. Deere & Company makes up approx 0.18% of Summit Financial Wealth Advisors’s portfolio.Acropolis Investment Management reduced its stake in DE by selling 465 shares or 1.96% in the most recent quarter. The Hedge Fund company now holds 23,220 shares of DE which is valued at $1,976,486. Deere & Company makes up approx 0.37% of Acropolis Investment Management’s portfolio.
Deere & Company closed down -0.44 points or -0.50% at $87.05 with 20,08,081 shares getting traded on Tuesday. Post opening the session at $87.18, the shares hit an intraday low of $86.57 and an intraday high of $87.79 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.
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.