National Oilwell Varco (NOV) Shareholder Lyrical Asset Management LP Has Lifted Its Position by $9.40 Million as Stock Rose; As Deere & Co (DE) Share Value Declined, Shareholder Van Cleef Asset Managementinc Has Lowered Holding by $952,380

April 21, 2018 - By Nellie Frank

Deere & Company (NYSE:DE) Logo

Lyrical Asset Management Lp increased its stake in National Oilwell Varco Inc. (NOV) by 5.9% based on its latest 2017Q4 regulatory filing with the SEC. Lyrical Asset Management Lp bought 261,103 shares as the company’s stock rose 4.18% while stock markets declined. The institutional investor held 4.69 million shares of the energy company at the end of 2017Q4, valued at $168.83M, up from 4.43M at the end of the previous reported quarter. Lyrical Asset Management Lp who had been investing in National Oilwell Varco Inc. for a number of months, seems to be bullish on the $14.61 billion market cap company. The stock decreased 0.86% or $0.33 during the last trading session, reaching $38.25. About 3.67 million shares traded or 5.75% up from the average. National Oilwell Varco, Inc. (NYSE:NOV) has declined 3.90% since April 21, 2017 and is downtrending. It has underperformed by 15.45% the S&P500.

Van Cleef Asset Managementinc decreased its stake in Deere & Co (DE) by 75.17% based on its latest 2017Q4 regulatory filing with the SEC. Van Cleef Asset Managementinc sold 6,105 shares as the company’s stock declined 3.41% with the market. The institutional investor held 2,017 shares of the industrial machinery and components company at the end of 2017Q4, valued at $316,000, down from 8,122 at the end of the previous reported quarter. Van Cleef Asset Managementinc who had been investing in Deere & Co for a number of months, seems to be less bullish one the $47.58 billion market cap company. The stock decreased 0.77% or $1.14 during the last trading session, reaching $146.96. About 1.90M shares traded. Deere & Company (NYSE:DE) has risen 41.99% since April 21, 2017 and is uptrending. It has outperformed by 30.44% the S&P500.

Analysts await Deere & Company (NYSE:DE) to report earnings on May, 18. They expect $3.36 earnings per share, up 34.94% or $0.87 from last year’s $2.49 per share. DE’s profit will be $1.09B for 10.93 P/E if the $3.36 EPS becomes a reality. After $1.31 actual earnings per share reported by Deere & Company for the previous quarter, Wall Street now forecasts 156.49% EPS growth.

Among 29 analysts covering Deere & Company (NYSE:DE), 14 have Buy rating, 2 Sell and 13 Hold. Therefore 48% are positive. Deere & Company had 126 analyst reports since July 27, 2015 according to SRatingsIntel. BMO Capital Markets maintained the stock with “Market Perform” rating in Tuesday, October 13 report. On Tuesday, April 11 the stock rating was maintained by Stifel Nicolaus with “Buy”. Piper Jaffray maintained the shares of DE in report on Monday, July 24 with “Hold” rating. As per Monday, August 22, the company rating was maintained by Citigroup. UBS maintained the shares of DE in report on Monday, August 24 with “Sell” rating. HSBC upgraded Deere & Company (NYSE:DE) on Tuesday, November 21 to “Buy” rating. The stock of Deere & Company (NYSE:DE) has “Buy” rating given on Friday, January 19 by Credit Suisse. The firm has “Buy” rating given on Thursday, December 1 by Bank of America. BMO Capital Markets maintained the shares of DE in report on Monday, August 24 with “Market Perform” rating. The stock of Deere & Company (NYSE:DE) has “Buy” rating given on Monday, August 24 by Citigroup.

Since October 23, 2017, it had 0 insider buys, and 10 insider sales for $67.86 million activity. $972,253 worth of Deere & Company (NYSE:DE) shares were sold by Reed Cory J. $2.52M worth of Deere & Company (NYSE:DE) was sold by Gilles Jean H on Friday, February 23. 269,353 shares were sold by ALLEN SAMUEL R, worth $44.13 million on Wednesday, February 28. Field James M. sold 22,095 shares worth $3.76 million. Another trade for 7,174 shares valued at $954,021 was made by Guinn Max A on Friday, October 27. May John C II sold $2.44M worth of Deere & Company (NYSE:DE) on Monday, October 23.

Investors sentiment increased to 1.03 in Q4 2017. Its up 0.10, from 0.93 in 2017Q3. It is positive, as 50 investors sold DE shares while 338 reduced holdings. 142 funds opened positions while 257 raised stakes. 209.89 million shares or 1.63% less from 213.38 million shares in 2017Q3 were reported. D E Shaw, New York-based fund reported 4,951 shares. Haverford Trust invested in 3,400 shares. Wms Ptnrs Limited Liability Corporation owns 2,498 shares for 0.04% of their portfolio. Northwestern Mutual Wealth invested in 71,977 shares or 0.07% of the stock. Insight 2811 owns 3,400 shares or 0.39% of their US portfolio. Regentatlantic Cap Limited Co owns 9,085 shares for 0.12% of their portfolio. 2,721 were accumulated by Nadler Fincl. Mai Management owns 7,175 shares. Cetera Advisor Ltd Limited Liability Company invested 0.07% in Deere & Company (NYSE:DE). Oppenheimer And invested in 0.06% or 14,373 shares. Invest House Ltd Co reported 1,385 shares. Barclays Public Ltd stated it has 0.05% of its portfolio in Deere & Company (NYSE:DE). Miller Inv Mngmt Limited Partnership holds 0.35% in Deere & Company (NYSE:DE) or 7,440 shares. 1,568 were reported by Bkd Wealth Advisors Limited Liability Corp. 51,470 were accumulated by Jacobs Levy Equity.

Van Cleef Asset Managementinc, which manages about $323.12M and $405.67 million US Long portfolio, upped its stake in At&T Inc (NYSE:T) by 18,541 shares to 40,866 shares, valued at $1.59 million in 2017Q4, according to the filing. It also increased its holding in Altria Group Inc (NYSE:MO) by 4,735 shares in the quarter, for a total of 22,709 shares, and has risen its stake in Merck & Co Inc (NYSE:MRK).

Since February 28, 2018, it had 0 insider purchases, and 1 insider sale for $264,657 activity.

Investors sentiment decreased to 0.7 in Q4 2017. Its down 0.15, from 0.85 in 2017Q3. It turned negative, as 42 investors sold NOV shares while 209 reduced holdings. 52 funds opened positions while 124 raised stakes. 349.52 million shares or 0.22% more from 348.73 million shares in 2017Q3 were reported. Andra Ap holds 0.07% in National Oilwell Varco, Inc. (NYSE:NOV) or 86,100 shares. Jpmorgan Chase & Comm holds 0.01% or 1.15M shares in its portfolio. State Bank Of Montreal Can reported 0.01% stake. Moreover, Hap Trading Limited Company has 0.03% invested in National Oilwell Varco, Inc. (NYSE:NOV). Speece Thorson Grp Incorporated invested in 3.75% or 523,838 shares. Tci Wealth Inc, Arizona-based fund reported 178 shares. Allsquare Wealth Management Limited owns 70 shares. 5,300 were accumulated by Thompson Siegel & Walmsley Lc. Moreover, Barclays Public Ltd Co has 0.01% invested in National Oilwell Varco, Inc. (NYSE:NOV) for 293,453 shares. 4,493 were reported by Corecommodity Management Limited Liability Company. Dorsey Whitney Tru Ltd Company holds 0.06% in National Oilwell Varco, Inc. (NYSE:NOV) or 9,504 shares. Panagora Asset Management owns 43,256 shares. State Common Retirement Fund invested 0.04% of its portfolio in National Oilwell Varco, Inc. (NYSE:NOV). St Germain D J Inc reported 399,160 shares stake. Cibc Mkts Corporation holds 76,845 shares.

National Oilwell Varco, Inc. (NYSE:NOV) Institutional Positions Chart

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