Should You Consider Investing in Deere and Co. (DE)?

Harding Loevner, an investment management firm, published its “Global Equity Fund” first quarter 2021 investor letter – a copy of which can be downloaded here. A return of 1.68% was recorded by the fund for the Q1 of 2021, trailing the benchmark, which returned 4.68%. You can view the fund’s top 5 holdings to have a peek at their top bets for 2021.

Harding Loevner, in its Q1 2021 investor letter, mentioned Deere & Company (NYSE: DE), and shared their insights on the company. Deere & Company is a Moline, Illinois-based manufacturing company that currently has a $123.5 billion market capitalization. Since the beginning of the year, DE delivered a 20.58% return, while its 12-month gains are up by 61.34%. As of May 06, 2021, the stock closed at $389.91 per share.

Here is what Harding Loevner has to say about Deere & Company in its Q1 2021 investor letter:

“John Deere delivered stronger-than-expected quarterly earnings and raised its guidance for the full-year. Sales of Deere’s tractors and combine harvesters are underpinned by Chinese demand for agriculture products and the bioethanol market rebounding with oil prices.”



Our calculations show that Deere & Company (NYSE: DE) does not belong in our list of the 30 Most Popular Stocks Among Hedge Funds. As of the end of the fourth quarter of 2020, Deere & Company was in 54 hedge fund portfolios, compared to 42 funds in the third quarter. DE delivered an 18.57% return in the past 3 months.

The top 10 stocks among hedge funds returned 231.2% between 2015 and 2020, and outperformed the S&P 500 Index ETFs by more than 126 percentage points. We know it sounds unbelievable. You have been dismissing our articles about top hedge fund stocks mostly because you were fed biased information by other media outlets about hedge funds’ poor performance. You could have doubled the size of your nest egg by investing in the top hedge fund stocks instead of dumb S&P 500 ETFs. Here you can watch our video about the top 5 hedge fund stocks right now. All of these stocks had positive returns in 2020.

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Disclosure: None. This article is originally published at Insider Monkey.