As Deere & Co (DE) Shares Rose, Shareholder Ironwood Investment Counsel LLC Cut Holding by $3.14 Million

July 18, 2017 - By Adrian Erickson

Investors sentiment increased to 0.86 in Q4 2016. Its up 0.11, from 0.75 in 2016Q3. It improved, as 42 investors sold DE shares while 337 reduced holdings. 118 funds opened positions while 208 raised stakes. 212.97 million shares or 4.33% less from 222.62 million shares in 2016Q3 were reported. Massachusetts Finance Svcs Ma has 557,289 shares for 0.03% of their portfolio. Choate Inv Advsrs has 0% invested in Deere & Company (NYSE:DE). Drexel Morgan And Com, Pennsylvania-based fund reported 12,549 shares. Bancorporation Of Nova Scotia Tru invested in 2,400 shares. Tiaa Cref Fsb Mo invested in 0.01% or 13,968 shares. 48,290 are held by Highbridge Capital. The Florida-based Ariel Cap Advsr Limited Liability Co has invested 0.15% in Deere & Company (NYSE:DE). Hedeker Wealth Ltd Com stated it has 3,033 shares or 0.26% of all its holdings. Sterling Cap Management holds 0.01% or 6,693 shares in its portfolio. Blume Mgmt stated it has 0.09% of its portfolio in Deere & Company (NYSE:DE). Columbus Circle has 0.77% invested in Deere & Company (NYSE:DE) for 570,192 shares. Peak6 Invests Lp holds 0.05% of its portfolio in Deere & Company (NYSE:DE) for 72,518 shares. Montecito Bank & Trust & owns 2,707 shares. Neumann Capital Mngmt Limited Co has invested 0.74% in Deere & Company (NYSE:DE). Butensky & Cohen Security owns 17,490 shares.

Since February 22, 2017, it had 0 insider purchases, and 8 selling transactions for $16.50 million activity. $198,959 worth of Deere & Company (NYSE:DE) was sold by Reed Cory J on Wednesday, February 22. 28,808 shares were sold by ALLEN SAMUEL R, worth $3.15M on Wednesday, February 22. $792,135 worth of Deere & Company (NYSE:DE) was sold by Howze Marc A. $2.50M worth of Deere & Company (NYSE:DE) was sold by May John C II on Tuesday, June 6.

Ironwood Investment Counsel Llc decreased its stake in Deere & Co (DE) by 76.42% based on its latest 2016Q4 regulatory filing with the SEC. Ironwood Investment Counsel Llc sold 30,501 shares as the company’s stock rose 9.64% with the market. The institutional investor held 9,410 shares of the industrial machinery and components company at the end of 2016Q4, valued at $970,000, down from 39,911 at the end of the previous reported quarter. Ironwood Investment Counsel Llc who had been investing in Deere & Co for a number of months, seems to be less bullish one the $40.40B market cap company. The stock increased 0.33% or $0.41 on July 17, reaching $125.88. About shares traded. Deere & Company (NYSE:DE) has risen 46.99% since July 18, 2016 and is uptrending. It has outperformed by 30.29% the S&P500.

More recent Deere & Company (NYSE:DE) news were published by: Zacks.com which released: “Why Deere & Company (DE) Stock Might be a Great Pick” on June 19, 2017. Also Nasdaq.com published the news titled: “Deere & Company (DE) Ex-Dividend Date Scheduled for June 28, 2017” on June 27, 2017. Nasdaq.com‘s news article titled: “Why Deere & Company (DE) Could Beat Earnings Estimates Again” with publication date: June 23, 2017 was also an interesting one.

Deere & Company (NYSE:DE) Ratings Coverage

Among 27 analysts covering Deere & Company (NYSE:DE), 10 have Buy rating, 4 Sell and 13 Hold. Therefore 37% are positive. Deere & Company has $15100 highest and $63 lowest target. $109.33’s average target is -13.15% below currents $125.88 stock price. Deere & Company had 76 analyst reports since July 27, 2015 according to SRatingsIntel. The firm earned “Buy” rating on Thursday, December 1 by Bank of America. The firm earned “Buy” rating on Monday, November 16 by Deutsche Bank. Credit Suisse maintained Deere & Company (NYSE:DE) on Monday, August 22 with “Outperform” rating. Zacks upgraded Deere & Company (NYSE:DE) on Wednesday, August 19 to “Hold” rating. JP Morgan upgraded the shares of DE in report on Friday, June 2 to “Neutral” rating. The rating was maintained by Morgan Stanley on Monday, August 22 with “Underweight”. Avondale initiated it with “Market Outperform” rating and $90 target in Thursday, October 15 report. The firm has “Buy” rating by Argus Research given on Wednesday, February 24. The rating was maintained by Piper Jaffray with “Neutral” on Monday, August 24. The company was upgraded on Monday, November 28 by PiperJaffray.

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