Deere & Co Q1 2018 Big Money Sentiment Better Than Expected: at 0.87

June 27, 2018 - By Matthew Medley

Deere & Company (NYSE:DE) Corporate Logo

“Big money” Positions

In 2018 Q1 Deere & Co (NYSE:DE) big money sentiment decreased to 0.87, SEC.gov filings reveal. So its down -0.16, from 2017Q4’s 1.03. 372 hedge funds opened new or increased positions, while 426 sold and reduced their equity positions in Deere & Co so the sentiment turned negative. Funds own 210.24 million shares, up from 209.89 million shares in 2017Q4. Funds holding Deere & Co in top 10 decreased from 25 to 21 for a decrease of 4. In total 62 funds closed positions, 364 reduced and 283 increased. Also 89 funds bought new Deere & Co stakes.

Significant Deere & Co Shareholders

Marshfield Associates owns 730,792 shares in Deere & Co as of 2018 Q1. Deere & Co’s shareholder Firefly Value Partners Lp owns 503,893 shares as of 2018 Q1. Weybosset Research & Management Llc reported 60,534 shares. The Connecticut-based fund Tide Point Capital Management Lp have invested about 5.51% of the fund’s stock portfolio in Deere & Co. The Alabama-based fund Birmingham Capital Management Co Inc Al looks positive on Deere & Co, owning 73,300 shares.

Deere & Company, together with its subsidiaries, makes and distributes agriculture and turf, and construction and forestry equipment worldwide.The firm is valued at $45.28 billion. The companyÂ’s Agriculture and Turf segment provides agriculture and turf equipment, and related service parts, such as large, medium, and utility tractors; loaders; combines, cotton pickers, cotton strippers, and sugarcane harvesters; related front-end harvesting equipment; sugarcane loaders and pull-behind scrapers; and tillage, seeding, and application equipment, including sprayers, nutrient management, and soil preparation machinery.25.03 is the P/E ratio. This segment also offers hay and forage equipment, including self-propelled forage harvesters and attachments, balers, and mowers; turf and utility equipment, including riding lawn equipment and walk-behind mowers, golf course equipment, utility vehicles, and commercial mowing equipment, as well as associated implements; integrated agricultural management systems technology and solutions; and other outdoor power products.

DE touched $139.64 during the last trading session after $0.01 change.Currently Deere & Company is uptrending after 29.87% change in last June 27, 2017. DE has also 1.61 million shares volume. DE outperformed by 17.30% the S&P500.

Earnings report for Deere & Company (NYSE:DE) is expected on August, 17., according to RTT. EPS of $2.76 is 40.10 % up from 2017’s $1.97 EPS. If reported the P/E will be 12.65 with $895.02M profit. After $3.14 EPS was announced last quarter, analysts now see negative EPS growth of -12.10 % for Deere & Company.

Sterling Cap Mngmt Ltd Limited Liability Company owns 4,939 shs. 2,145 were reported by Tokio Marine Asset Mngmt Limited. 4,925 were reported by Stratos Wealth Ltd. Cornercap Investment Counsel has 0.75% invested in Deere & Company (NYSE:DE) for 34,068 shs. Capital Invsts invested in 1.19% or 6.64 million shs. Shelton Mngmt stated it has 0.04% in Deere & Company (NYSE:DE). Choate Investment Advsrs accumulated 5,668 shs or 0% of the stock. Guyasuta Invest Advsr Incorporated accumulated 3,473 shs. Hugh Johnson Advsrs Ltd Limited Liability Company accumulated 2,934 shs. Mutual Of America Cap Mgmt Ltd Liability Com has invested 0.1% in Deere & Company (NYSE:DE). Meristem Ltd Liability Partnership accumulated 21,265 shs. Leavell Invest Management invested 0.13% in Deere & Company (NYSE:DE). Moreover, Qcm Cayman Ltd has 4.02% invested in Deere & Company (NYSE:DE) for 9,994 shs. 1,274 are owned by Acadian Asset Management Limited Co. Sheets Smith Wealth Mgmt holds 3,014 shs.

Deere & Company had 7 sales and 0 buys since January 9, 2018. This’s net activity of $62.79 million. Another trade for 10,220 shs valued at $1.69 million was made by Jones Mary K.W. on Tuesday, January 9. On Wednesday, February 21 Gilles Jean H sold $5.34M worth of Deere & Company (NYSE:DE) or 32,183 shs. On Friday, January 12 Shares for $3.76 million were sold by Field James M.. 11,235 shs valued at $1.90M were sold by Guinn Max A on Tuesday, January 16.

Deere & Company (NYSE:DE) Ratings Coverage

In total 16 analysts cover Deere (NYSE:DE). “Buy” rating has 12, “Sell” are 0, while 4 are “Hold”. 75% are bullish. With $231 highest and $160.0 lowest target price Deere has $181.71 average target price or 30.13% above the current ($139.64) price. 25 are the (NYSE:DE)’s analyst reports since January 10, 2018 according to StockzIntelligence Inc. On Thursday, January 18 the rating was maintained by Seaport Global with “Hold”. In Tuesday, June 5 report Morgan Stanley maintained it with “Buy” rating and $18500 target. On Wednesday, January 10 the stock has “Outperform” rating by RBC Capital Markets. In Friday, January 19 report Credit Suisse upgraded the stock to “Buy” rating. In Wednesday, January 17 report Stifel Nicolaus maintained it with “Buy” rating and $184.0 target. On Friday, February 16 Jefferies maintained Deere & Company (NYSE:DE) rating. Jefferies has “Hold” rating and $175.0 target. On Tuesday, January 23 the firm has “Buy” rating by BMO Capital Markets given. The stock rating was maintained by UBS with “Neutral” on Tuesday, February 20. In Tuesday, April 17 report RBC Capital Markets maintained the stock with “Buy” rating. On Wednesday, January 10 the firm has “Buy” rating given by Wells Fargo.

There’s a substantial Deere & Company (NYSE:DE) news posted by Globenewswire.com. It’s an item titled: “Recent Analysis Shows CIT Group, Zoetis, Deere, Hecla Mining, iRobot, and First BanCorp Market Influences …” on June 26, 2018.

Deere & Company (NYSE:DE) Institutional Investors Chart

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