5 Best Agriculture Stocks to Invest In

1. Caterpillar Inc. (NYSE: CAT)

Number of Hedge Fund Holders: 53

Caterpillar Inc. (NYSE: CAT) sells construction and mining equipment and also provides agriculture industry solutions alongside equipment for the industry backed by the company’s support. It ranks 1st on our list of the best agriculture stocks to invest in.

This June, Deutsche Bank raised its price target on Caterpillar Inc. (NYSE: CAT) to $273, keeping a Buy rating on the company’s shares. In May, Evercore ISI also raised its price target on the stock to $303, with an Outperform rating on the shares.

In the first quarter of 2021, Caterpillar Inc. (NYSE: CAT) had an EPS of $2.87, beating estimates by $0.93, and the company’s revenue was $11.89 billion, up 11.77% year over year and beating estimates by $799.74 million. Caterpillar Inc. (NYSE: CAT) has gained 10.26% in the past 6 months and 18.58% year to date.

As of the end of the first quarter of 2021, 53 hedge funds out of the 866 tracked by Insider Monkey held stakes in Caterpillar Inc. (NYSE: CAT) worth roughly $4.95 billion. This is compared to 53 hedge funds in the previous quarter with a stake value of about $4.15 billion.

You can also take a peek at 10 Most Profitable Agricultural Business Ideas and 10 Largest Agricultural Companies.

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