Ken Fisher’s 5 New Purchases/Additions

In this article, we discuss Ken Fisher’s 5 new purchases/additions. If you want to read the investment philosophy of Ken Fisher and the detailed analysis of Fisher Asset Management, go directly to Ken Fisher’s 15 New Purchases/Additions.

5. Deere & Company (NYSE:DE)

Percentage Increase in Stake in Q4: 20%

Deere & Company (NYSE:DE) produces and distributes machinery for forestry, agriculture, construction, and turf management. Deere stock has increased 5.89% over the past year, outperforming the S&P 500’s performance of -6.62%. Based on 12 buy ratings, 6 hold ratings, and 0 sell ratings, Deere has a consensus rating of ‘Moderate Buy.’

Ken Fisher first invested in Deere & Company (NYSE:DE) in the fourth quarter of 2010. Since then, Fisher’s Deere stake has been on a roller coaster ride. In the fourth quarter, he bought roughly 138,386 shares of Deere & Company (NYSE:DE) stock, increasing his stake by about 20% to $360.56 million.

Out of the hedge funds being tracked by Insider Monkey, Bill & Melinda Gates Foundation Trust is a leading shareholder of Deere & Company (NYSE:DE) with 3.92 million shares.

Harding Loevner made the following comment about Deere & Company (NYSE:DE) in its Q3 2022 investor letter:

“Deere & Company (NYSE:DE), the world’s largest manufacturer of agricultural equipment, reported fiscal third-quarter growth in revenues and earnings of 22% and 16%, respectively. These results reaffirmed Deere’s pricing power, which enabled the company to overcome rising raw material costs and a host of supply chain challenges….” (Click here to read the full text)