Senator Investment Group LP Has Raised Position in Deere & Co (DE) by $62.00 Million; As Aptargroup (ATR) Shares Rose, Shareholder Laurion Capital Management LP Has Trimmed Holding

June 23, 2018 - By Peter Erickson

Deere & Company (NYSE:DE) Logo

Doug Silverman increased its stake in Deere & Co (DE) by 80% based on its latest 2018Q1 regulatory filing with the SEC. Senator Investment Group Lp bought 400,000 shares as the company’s stock declined 5.05% with the market. The hedge fund run by Doug Silverman held 900,000 shares of the industrial machinery and components company at the end of 2018Q1, valued at $139.79 million, up from 500,000 at the end of the previous reported quarter. Senator Investment Group Lp who had been investing in Deere & Co for a number of months, seems to be bullish on the $46.43B market cap company. The stock increased 0.82% or $1.16 during the last trading session, reaching $143.17. About 2.36M shares traded. Deere & Company (NYSE:DE) has risen 29.87% since June 23, 2017 and is uptrending. It has outperformed by 17.30% the S&P500. Some Historical DE News: 18/05/2018 – DEERE REPORTS SECOND-QUARTER NET INCOME OF $1.208 BILLION; 18/05/2018 – DEERE: WIRTGEN’S CURRENT ORDER BOOK IS VERY STRONG; 18/05/2018 – DEERE SAYS INVENTORIES AT LEVELS NOT SEEN SINCE 2012; 05/03/2018 – MOODY’S ASSIGNS FOREIGN CURRENCY DEBT RATINGS TO JOHN DEERE CREDIT COMPAñíA FINANCIERA S.A.’S EXPECTED SENIOR ISSUANCES; 28/03/2018 – The tariff-plagued Deere is a long-term play, argues @JimCramer; 04/04/2018 – U.S. floats talks after China strikes back in trade fight; 18/05/2018 – Deere & Co. 2Q Adj EPS $3.14; 04/04/2018 – US SOYBEAN: CHINESE IMPORT TARIFF WILL HURT WITH SCALE OF TARIFF (25%) RENDERING US SOYBEAN UNCOMPETITIVE IN THE GLOBAL MARKET IN SHORT TERM; 18/05/2018 – DEERE & CO DE.N – 2018/2019 PROJECTION FOR U.S. FARM COMMODITY PRICES FOR SOYBEANS IS $9.55 PER BUSHEL; 30/05/2018 – DEERE & DEERE & CO. RAISES DIV MAY 30, 2018

Benjamin A. Smith decreased its stake in Aptargroup Inc (ATR) by 39.16% based on its latest 2018Q1 regulatory filing with the SEC. Laurion Capital Management Lp sold 4,856 shares as the company’s stock rose 3.64% while stock markets declined. The hedge fund run by Benjamin A. Smith held 7,544 shares of the consumer non-durables company at the end of 2018Q1, valued at $678,000, down from 12,400 at the end of the previous reported quarter. Laurion Capital Management Lp who had been investing in Aptargroup Inc for a number of months, seems to be less bullish one the $5.78 billion market cap company. The stock decreased 0.50% or $0.47 during the last trading session, reaching $92.63. About 750,023 shares traded or 132.31% up from the average. AptarGroup, Inc. (NYSE:ATR) has risen 11.80% since June 23, 2017 and is uptrending. It has underperformed by 0.77% the S&P500. Some Historical ATR News: 20/04/2018 – DJ Aptargroup Inc, Inst Holders, 1Q 2018 (ATR); 29/03/2018 AptarGroup Closes Above 50-Day Moving Average: Technicals; 30/05/2018 – Aptar Pharma and Propeller Health Partner to Develop Digital Medicine Platform Across Therapeutic Areas; 12/04/2018 – AptarGroup at Wells Fargo Industrials Conference May 8; 26/04/2018 – APTARGROUP 1Q ADJ EPS 99C; 26/04/2018 – AptarGroup 1Q EPS 92c; 26/04/2018 – APTARGROUP SEES 2Q ADJ EPS 99C TO $1.04; 26/04/2018 – APTARGROUP SEES 2Q ADJ EPS 99C TO $1.04, EST. $1.02; 07/05/2018 – AptarGroup at Wells Fargo Industrials Conference Tomorrow; 26/04/2018 – AptarGroup 1Q Net $59.3M

Among 30 analysts covering Deere & Company (NYSE:DE), 17 have Buy rating, 2 Sell and 11 Hold. Therefore 57% are positive. Deere & Company had 131 analyst reports since July 27, 2015 according to SRatingsIntel. The firm earned “Hold” rating on Thursday, January 18 by Jefferies. The stock has “Market Perform” rating by William Blair on Thursday, June 1. The firm earned “Buy” rating on Friday, January 19 by Credit Suisse. The firm has “Hold” rating by Robert W. Baird given on Tuesday, October 10. The stock has “Hold” rating by Piper Jaffray on Friday, November 3. The rating was initiated by Berenberg on Tuesday, January 24 with “Sell”. Citigroup maintained the stock with “Buy” rating in Wednesday, June 20 report. The rating was initiated by Barclays Capital with “Buy” on Tuesday, December 12. Morgan Stanley maintained Deere & Company (NYSE:DE) on Tuesday, June 5 with “Buy” rating. RBC Capital Markets maintained it with “Hold” rating and $13300 target in Tuesday, July 25 report.

Another recent and important Deere & Company (NYSE:DE) news was published by Seekingalpha.com which published an article titled: “Companies race to add to pension plans to capitalize on tax break: WSJ” on June 21, 2018.

Investors sentiment decreased to 0.87 in 2018 Q1. Its down 0.16, from 1.03 in 2017Q4. It dived, as 62 investors sold DE shares while 364 reduced holdings. 89 funds opened positions while 283 raised stakes. 210.24 million shares or 0.17% more from 209.89 million shares in 2017Q4 were reported. 5,389 were reported by Crawford Inv Counsel Incorporated. Mrj Capital stated it has 2.57% of its portfolio in Deere & Company (NYSE:DE). Sumitomo Mitsui Asset Mgmt Ltd reported 0.04% stake. Rdl Financial invested 1.48% of its portfolio in Deere & Company (NYSE:DE). Nadler Group invested in 2,568 shares or 0.12% of the stock. Country Bancshares holds 1,724 shares. Assetmark has 1,958 shares. Moreover, Ingalls And Snyder Ltd Com has 0.11% invested in Deere & Company (NYSE:DE) for 14,302 shares. Nj State Employees Deferred Compensation Plan has 0.28% invested in Deere & Company (NYSE:DE). 2,920 are held by Private Na. Wellington Management Grp Llp owns 2.32 million shares or 0.08% of their US portfolio. Ls Investment Limited Co stated it has 12,342 shares or 0.11% of all its holdings. Eads And Heald Counsel holds 3,321 shares. Burney has 0.77% invested in Deere & Company (NYSE:DE). Jfs Wealth Advsrs Ltd Liability, a Pennsylvania-based fund reported 2,000 shares.

Since January 9, 2018, it had 0 insider purchases, and 7 sales for $62.79 million activity. The insider Jones Mary K.W. sold 20,086 shares worth $3.46M. Gilles Jean H had sold 32,183 shares worth $5.34 million on Wednesday, February 21. $3.76M worth of stock was sold by Field James M. on Friday, January 12. 269,353 shares were sold by ALLEN SAMUEL R, worth $44.13 million on Wednesday, February 28.

Senator Investment Group Lp, which manages about $11.90B and $8.41 billion US Long portfolio, decreased its stake in Mgm Resorts International (NYSE:MGM) by 7.00M shares to 3.00M shares, valued at $105.06M in 2018Q1, according to the filing. It also reduced its holding in Forest City Rlty Tr Inc by 10.25 million shares in the quarter, leaving it with 4.75 million shares, and cut its stake in Delta Air Lines Inc Del (NYSE:DAL).

Analysts await AptarGroup, Inc. (NYSE:ATR) to report earnings on July, 26. They expect $1.02 earnings per share, up 0.99% or $0.01 from last year’s $1.01 per share. ATR’s profit will be $63.64 million for 22.70 P/E if the $1.02 EPS becomes a reality. After $0.99 actual earnings per share reported by AptarGroup, Inc. for the previous quarter, Wall Street now forecasts 3.03% EPS growth.

Laurion Capital Management Lp, which manages about $4.98B and $12.41 billion US Long portfolio, upped its stake in Metlife Inc (NYSE:MET) by 142,173 shares to 293,173 shares, valued at $13.45 million in 2018Q1, according to the filing. It also increased its holding in Black Knight Inc by 158,422 shares in the quarter, for a total of 1.61M shares, and has risen its stake in Home Depot Inc (Put) (NYSE:HD).

Since February 14, 2018, it had 0 insider purchases, and 9 insider sales for $25.66 million activity. On Tuesday, March 13 the insider Saint-Leger Ursula sold $6.02 million. $1.52M worth of AptarGroup, Inc. (NYSE:ATR) shares were sold by Haffar Salim. SMITH JOANNE C DR also sold $363,808 worth of AptarGroup, Inc. (NYSE:ATR) on Friday, February 16. The insider HAGGE STEPHEN J sold 25,000 shares worth $2.30 million. On Wednesday, February 14 Schaffer Eldon W. II sold $1.80M worth of AptarGroup, Inc. (NYSE:ATR) or 20,000 shares.

Investors sentiment increased to 1.15 in 2018 Q1. Its up 0.08, from 1.07 in 2017Q4. It is positive, as 12 investors sold ATR shares while 109 reduced holdings. 45 funds opened positions while 94 raised stakes. 55.09 million shares or 0.77% less from 55.52 million shares in 2017Q4 were reported. Thrivent Financial For Lutherans stated it has 14,085 shares or 0% of all its holdings. New York-based Jane Street Gp Ltd Liability has invested 0% in AptarGroup, Inc. (NYSE:ATR). Nomura Inc accumulated 0% or 3,332 shares. 754,174 were accumulated by Kayne Anderson Rudnick Inv Mgmt Ltd. Jefferies Grp Ltd Company accumulated 11,796 shares. Pnc Financial Services owns 11,781 shares or 0% of their US portfolio. The Florida-based Raymond James & Associates has invested 0.01% in AptarGroup, Inc. (NYSE:ATR). Thomas White International owns 4,400 shares. Moreover, Azimuth Cap Mngmt Ltd Llc has 0.57% invested in AptarGroup, Inc. (NYSE:ATR) for 86,520 shares. Moreover, Hancock has 0.09% invested in AptarGroup, Inc. (NYSE:ATR) for 21,760 shares. Puzo Michael J has 3.4% invested in AptarGroup, Inc. (NYSE:ATR) for 88,967 shares. Albert D Mason reported 1.16% stake. Ajo Lp holds 0% or 7,373 shares in its portfolio. Williams Jones And Llc accumulated 1.08% or 517,045 shares. Paradigm Capital Mngmt New York reported 0.11% in AptarGroup, Inc. (NYSE:ATR).

Deere & Company (NYSE:DE) Institutional Positions Chart

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