Deere & Co (DE) Holder Fukoku Mutual Life Insurance Company Decreased Holding by $9.59 Million as Share Value Rose

December 12, 2017 - By Vivian Park

Investors sentiment increased to 1 in Q2 2017. Its up 0.15, from 0.85 in 2017Q1. It is positive, as 39 investors sold DE shares while 332 reduced holdings. 110 funds opened positions while 261 raised stakes. 209.56 million shares or 1.26% less from 212.23 million shares in 2017Q1 were reported. Moreover, Cohen Steers has 0.02% invested in Deere & Company (NYSE:DE) for 66,932 shares. Shine Invest Advisory Svcs invested in 0.01% or 220 shares. Integral Derivatives Ltd Liability Corporation holds 0.03% of its portfolio in Deere & Company (NYSE:DE) for 13,136 shares. Commonwealth Of Pennsylvania Public School Empls Retrmt reported 0.05% of its portfolio in Deere & Company (NYSE:DE). Minnesota-based Meristem Limited Liability Partnership has invested 1.09% in Deere & Company (NYSE:DE). Trust Com Of Virginia Va reported 4,504 shares or 0.08% of all its holdings. Violich Mngmt Inc reported 0.19% stake. Hudock Ltd Liability Corporation holds 0% or 40 shares. Fuller & Thaler Asset reported 1,100 shares. Bancorp has 0% invested in Deere & Company (NYSE:DE) for 30 shares. Zurcher Kantonalbank (Zurich Cantonalbank) reported 56,956 shares. Abner Herrman And Brock Ltd Liability owns 6,330 shares or 0.15% of their US portfolio. Vaughan David Investments Il stated it has 1.46% of its portfolio in Deere & Company (NYSE:DE). Clearbridge Invests Limited Liability owns 5,800 shares for 0% of their portfolio. 245,268 are held by Employees Retirement Systems Of Ohio.

Since June 16, 2017, it had 0 insider purchases, and 1 sale for $631,808 activity.

Fukoku Mutual Life Insurance Company decreased its stake in Deere & Co (DE) by 97.5% based on its latest 2017Q2 regulatory filing with the SEC. Fukoku Mutual Life Insurance Company sold 78,000 shares as the company’s stock rose 9.64% with the market. The institutional investor held 2,000 shares of the industrial machinery and components company at the end of 2017Q2, valued at $247,000, down from 80,000 at the end of the previous reported quarter. Fukoku Mutual Life Insurance Company who had been investing in Deere & Co for a number of months, seems to be less bullish one the $48.62B market cap company. The stock decreased 0.01% or $0.01 during the last trading session, reaching $151.32. About 92,511 shares traded. Deere & Company (NYSE:DE) has risen 46.99% since December 12, 2016 and is uptrending. It has outperformed by 30.29% the S&P500.

Fukoku Mutual Life Insurance Company, which manages about $678.82 million US Long portfolio, upped its stake in Pfizer Inc (NYSE:PFE) by 135,000 shares to 407,754 shares, valued at $13.70M in 2017Q2, according to the filing. It also increased its holding in Chevron Corp New (NYSE:CVX) by 87,000 shares in the quarter, for a total of 96,636 shares, and has risen its stake in Invesco Ltd (NYSE:IVZ).

More notable recent Deere & Company (NYSE:DE) news were published by: Finance.Yahoo.com which released: “Bull of the Day: Deere & Company (DE)” on December 04, 2017, also Fool.com with their article: “How and Why Deere & Company Stock Crushed It in November” published on December 06, 2017, Prnewswire.com published: “Deere & Company completes acquisition of the Wirtgen Group” on December 01, 2017. More interesting news about Deere & Company (NYSE:DE) were released by: Desmoinesregister.com and their article: “Deere & Co.’s $32.6 million facility adds to list of central Iowa high-tech gets” published on November 17, 2017 as well as Nasdaq.com‘s news article titled: “Deere & Co. reports earnings November 22” with publication date: November 18, 2017.

Deere & Company (NYSE:DE) Ratings Coverage

Among 28 analysts covering Deere & Company (NYSE:DE), 11 have Buy rating, 4 Sell and 13 Hold. Therefore 39% are positive. Deere & Company has $170.0 highest and $63 lowest target. $126.64’s average target is -16.31% below currents $151.32 stock price. Deere & Company had 105 analyst reports since July 27, 2015 according to SRatingsIntel. RBC Capital Markets maintained the stock with “Hold” rating in Monday, August 21 report. On Friday, September 29 the stock rating was maintained by Piper Jaffray with “Hold”. Citigroup maintained the stock with “Buy” rating in Monday, August 22 report. The firm has “Hold” rating by RBC Capital Markets given on Thursday, October 5. On Monday, August 24 the stock rating was maintained by RBC Capital Markets with “Sector Perform”. The firm earned “Hold” rating on Monday, July 24 by Piper Jaffray. The firm has “Neutral” rating given on Friday, November 25 by Longbow. The rating was initiated by Societe Generale on Monday, November 16 with “Hold”. The firm has “Buy” rating by Stifel Nicolaus given on Monday, December 4. The rating was maintained by BMO Capital Markets on Tuesday, October 13 with “Market Perform”.

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