5 Long-Term Stocks to Buy According to Billionaire Mario Gabelli

2. Deere and Company (NYSE:DE)

Number of Hedge Fund Holders: 54      

Deere and Company (NYSE:DE) manufactures and distributes various equipment worldwide. Latest data shows that GAMCO Investors owned more than 221,577 shares of Deere and Company (NYSE:DE) at the end of the second quarter of 2022 worth over $66 million, representing 0.72% of the portfolio. 

On August 24, Argus analyst John Eade maintained a Buy rating on Deere and Company (NYSE:DE) stock and raised the price target to $420 from $390, noting that the earnings of the firm appeared to be back in growth mode. 

Among the hedge funds being tracked by Insider Monkey, Chicago-based investment firm Citadel Investment Group is a leading shareholder in Deere and Company (NYSE:DE), with 1.5 million shares worth more than $458 million.  

In its Q2 2022 investor letter, LRT Capital Management, an asset management firm, highlighted a few stocks and Deere and Company (NYSE:DE) was one of them. Here is what the fund said:

“Deere & Company (NYSE:DE) manufactures machines and equipment, which help the agriculture and construction industries. The company’s production and precision agriculture segment manufacture global equipment and technology solutions for production-scale growers of large grains, small grains, cotton, and sugar. The small agriculture and turf segment develops equipment for dairy and livestock producers, crop producers, and turf and utility customers. Finally, the construction and forestry segment make a range of machines for the earthmoving, forestry, and roadbuilding production systems (…read more)