5 Best Industrial Stocks to Buy According to Hedge Funds

3. Deere & Company (NYSE:DE)

No of Hedge Fund Holders: 65

Deere & Company (NYSE:DE) is an American company renowned for manufacturing a diverse range of products, such as diesel engines, heavy equipment, and agricultural machinery.

In Q2 2023, Deere & Company’s (NYSE:DE) construction and forestry segment recorded an increase in revenue of 30% to $17.4 billion. Furthermore, the revenue for equipment operations of the company reached $16.08 billion, reflecting an increase of 34%.

The number of hedge funds holding a stake in Deere & Company (NYSE:DE) increased from 63 in Q4 2022 to 65 during Q1 2023.