5 Most Profitable Value Stocks Now

In this article, we will take a look at the 5 most profitable value stocks now. To see more such companies, go directly to 16 Most Profitable Value Stocks Now.

5. Deere & Company (NYSE:DE)

Number of Hedge Fund Holders:  63

Agricultural machinery company Deere & Company (NYSE:DE) in February increased its quarterly dividend by 4.2%. Insider Monkey’s database of 943 hedge funds shows that 63 hedge funds had stakes in Deere & Company (NYSE:DE) as of the end of the fourth quarter of 2022, up from 57 hedge funds in the previous quarter. The biggest hedge fund stakeholder of Deere & Company (NYSE:DE) was Catherine D. Wood’s ARK Investment Management which owns a $51 million stake in the company.

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.”