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>>> Deere & Company (NYSE:DE) -- Number of Hedge Fund Holders: 55

https://finance.yahoo.com/news/14-best-robotics-stocks-buy-194148400.html

Deere & Company (NYSE:DE) is a global manufacturer and distributor of farming equipment, operating in four segments – Production and Precision Agriculture, Small Agriculture and Turf, Construction and Forestry, and Financial Services. In 2021, the company announced a definitive agreement to acquire Bear Flag Robotics, a Silicon Valley-based startup specializing in autonomous driving technology for existing machines. The $250 million deal aims to expedite the development and deployment of automation and autonomy in farming.

According to Insider Monkey’s third quarter database, 55 hedge funds were long Deere & Company (NYSE:DE), compared to 56 funds in the prior quarter. Bill & Melinda Gates Foundation Trust is the leading stakeholder of the company, with approximately 4 million shares worth $1.5 billion.

ClearBridge Large Cap Value Strategy made the following comment about Deere & Company (NYSE:DE) in its Q4 2022 investor letter:

“Our industrials holdings produced robust absolute returns for the quarter. While the ISM Manufacturing Index fell in November to contractionary levels, our industrial holdings have largely been able to maintain earnings due to strong competitive positions, historically large backlogs and company-specific drivers. For example, Deere & Company (NYSE:DE) continues to benefit from a strong upgrade cycle as record farmers’ income is driving broad and rapid adoption of the company’s precision agricultural equipment.”

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