Jim Cramer is Talking About These 5 Stocks in September

In this article, we will look at 5 stocks that Jim Cramer is talking about in September. If you want to explore more stocks that Jim Cramer is talking about in September, you can also read Jim Cramer is Talking About These 10 Stocks in September.

5. Deere & Company (NYSE:DE)

Number of Hedge Fund Holders: 54

Jim Cramer recently mentioned Deere & Company (NYSE:DE) on one of his “lightning rounds”. Deere & Company is a leading global agriculture and farming equipment manufacturer. The company has four business divisions: Production & Precision Agriculture, Small Agriculture & Turf, Construction & Forestry, and Financial Services. On August 31, Deere & Company (NYSE:DE) declared a quarterly cash dividend of $1.13 per share. The dividend is payable on November 8 to shareholders of record on September 30. As of September 9, the stock is offering a forward dividend yield of 1.24% which the company supports with free cash flows of $639 million.

On August 19, Deere & Company (NYSE:DE) announced earnings for the third quarter of fiscal 2022. The company reported earnings per share of $6.16 and generated a revenue of $13 billion, up 25% year over year, and ahead of Wall Street consensus by $157.8 million. As of September 9, the stock has gained 6.54% year to date.

On August 24, Argus analyst John Eade raised his price target on Deere & Company (NYSE:DE) to $420 from $390 and reiterated a Buy rating on the shares

At the close of Q2 2022, 54 hedge funds were bullish on Deere & Company (NYSE:DE) and held stakes worth $1.58 billion in the company. Of those, First Eagle Investment Management is the largest shareholder with stakes worth $294.7 million.

Here is what ClearBridge Investments had to say about Deere & Company (NYSE:DE) in its second-quarter 2022 investor letter:

“In the industrials sector, farm equipment manufacturer Deere (NYSE:DE) was down on cyclical concerns, with higher interest rates potentially impacting farmers’ purchase decisions. A selloff in agricultural commodities, albeit off their recent highs, along with ongoing supply chain disruption and overall inflationary pressures may present potential headwinds for agricultural equipment demand. We continue to like the business and Deere’s competitive position; its leadership position in precision agriculture brings benefits to both farmer profitability and the environment.”