Mario Gabelli on Paramount and 5 Other Stocks

In this piece, we will take a look at some of Mario Gabelli’s favorite stocks. If you want to go through our overview of Gabelli’s recent activity and his views on Paramount, you can go to Mario Gabelli on Paramount and Other Stocks.

5. Deere & Company (NYSE:DE)

Mario Gabelli’s Stake in Q4 2023: $70.5 million

One-Year Returns as of May 7: 6.66%

Headquartered in Moline, Illinois, Deere & Company (NYSE:DE) is a leading agricultural and farm machinery manufacturer. It specializes in producing and distributing a wide range of agricultural equipment, including tractors, combines, and cotton pickers and strippers.

On March 14, analysts at Truist Securities initiated coverage on Deere & Company (NYSE:DE) with a Buy rating and set a $494 price target.

As of the end of the last year’s fourth quarter, Insider Monkey’s analysis revealed that 54 out of the 933 hedge funds profiled were stakeholders in the firm. The largest shareholder among hedge funds in Deere & Company (NYSE:DE) is Michael Larson’s Bill & Melinda Gates Foundation Trust, with a $1.4 billion investment.