12 Best Automation Stocks To Buy According to Hedge Funds

6. Deere & Company (NYSE:DE)

No. of Hedge Fund Holders: 41

Deere & Company (NYSE:DE) is heavily investing in agriculture automation process systems. The company’s autonomous 8R tractors are widely used by farmers across the U.S. and globally. Due to a shortage of skilled workers and high labour costs, Deere & Company is making strides towards automating manual work, offering automation products, and transforming agriculture workflow.

Deere & Company (NYSE:DE) is using computer vision and ML to accelerate automation farming and has a goal of fully automated farming by 2030. The company is also working on AI to minimize the amount of herbicide needed to keep crops healthy. The company is focusing on allowing farmers the opportunity to be more productive and efficient by leveraging automation and AI. During the recent CES trade show in Las Vegas, the company unveiled its new tractors and industrial equipment, which can operate without humans driving the cab.

The company is expected to report earnings of $3.26 per share in Q1 2025. Deere & Company (NYSE:DE) has delivered an earnings surprise in the last seven quarters over the past two years. This shows that DE is making notable progress and the company’s goal of automating the farming industry is turning out to be profitable.