Mathes Company Has Boosted By $372,690 Its Deere & Co (DE) Position; General American Investors Company Has Cut General Electric Company (GE) Stake By $2.16 Million

December 9, 2017 - By Stephen Andrade

Mathes Company Inc increased Deere & Co (DE) stake by 9.38% reported in 2017Q2 SEC filing. Mathes Company Inc acquired 3,030 shares as Deere & Co (DE)’s stock rose 9.64%. The Mathes Company Inc holds 35,349 shares with $4.37 million value, up from 32,319 last quarter. Deere & Co now has $48.70B valuation. The stock increased 0.31% or $0.47 during the last trading session, reaching $151.58. About 1.08 million shares traded. Deere & Company (NYSE:DE) has risen 46.99% since December 9, 2016 and is uptrending. It has outperformed by 30.29% the S&P500.

General American Investors Company Inc decreased General Electric Company (GE) stake by 8.89% reported in 2017Q2 SEC filing. General American Investors Company Inc sold 80,000 shares as General Electric Company (GE)’s stock declined 7.64%. The General American Investors Company Inc holds 820,000 shares with $22.15M value, down from 900,000 last quarter. General Electric Company now has $153.58B valuation. It closed at $17.71 lastly. It is down 4.46% since December 9, 2016 and is downtrending. It has underperformed by 21.16% the S&P500.

Among 28 analysts covering Deere & Company (NYSE:DE), 11 have Buy rating, 4 Sell and 13 Hold. Therefore 39% are positive. Deere & Company had 105 analyst reports since July 27, 2015 according to SRatingsIntel. The firm has “Buy” rating by Argus Research given on Wednesday, February 24. The firm earned “Underweight” rating on Monday, August 22 by Morgan Stanley. The company was maintained on Wednesday, November 22 by Jefferies. Deutsche Bank upgraded Deere & Company (NYSE:DE) rating on Thursday, November 23. Deutsche Bank has “Buy” rating and $167.0 target. Avondale initiated Deere & Company (NYSE:DE) on Thursday, October 15 with “Market Outperform” rating. The firm has “Market Perform” rating by BMO Capital Markets given on Tuesday, October 13. The rating was upgraded by J.P. Morgan on Friday, June 2 to “Hold”. The company was maintained on Monday, August 22 by UBS. The firm earned “Buy” rating on Tuesday, November 21 by HSBC. The firm earned “Buy” rating on Monday, August 24 by Citigroup.

Since June 16, 2017, it had 0 buys, and 1 sale for $631,808 activity. On Friday, June 16 Reed Cory J sold $631,808 worth of Deere & Company (NYSE:DE) or 4,936 shares.

Investors sentiment increased to 1 in 2017 Q2. Its up 0.15, from 0.85 in 2017Q1. It improved, 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. Wedgewood Investors Pa invested in 5,050 shares. Mirae Asset Glob Investments holds 5,948 shares. Nadler Gru holds 2,704 shares. Renaissance Technologies has 0.02% invested in Deere & Company (NYSE:DE). Ifc Hldgs Incorporated Fl stated it has 1,800 shares or 0.02% of all its holdings. King Luther Cap Mgmt Corporation invested in 0% or 2,851 shares. Hyman Charles D reported 118,639 shares. Factory Mutual Ins has invested 0.17% in Deere & Company (NYSE:DE). Freestone Capital Com has invested 0.13% in Deere & Company (NYSE:DE). 1.56M are held by Morgan Stanley. The New York-based Bluemountain Cap Management Limited Liability Company has invested 0.03% in Deere & Company (NYSE:DE). 1832 Asset Management LP has 0.44% invested in Deere & Company (NYSE:DE) for 779,044 shares. Van Cleef Asset Managementinc has invested 0.3% in Deere & Company (NYSE:DE). Parsec Fin Mngmt holds 0.48% of its portfolio in Deere & Company (NYSE:DE) for 48,527 shares. The Hawaii-based C M Bidwell & Associate has invested 1.98% in Deere & Company (NYSE:DE).

General American Investors Company Inc increased Johnson Controls International stake by 110,000 shares to 270,000 valued at $11.71 million in 2017Q2. It also upped Arantana Therapeutics Inc. (NASDAQ:PETX) stake by 94,201 shares and now owns 618,660 shares. Anadarko Petroleum Corporation (NYSE:APC) was raised too.

Analysts await General Electric Company (NYSE:GE) to report earnings on January, 19. They expect $0.28 EPS, down 39.13% or $0.18 from last year’s $0.46 per share. GE’s profit will be $2.43B for 15.81 P/E if the $0.28 EPS becomes a reality. After $0.29 actual EPS reported by General Electric Company for the previous quarter, Wall Street now forecasts -3.45% negative EPS growth.

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