M&T Bank Corp Has $1.10 Million Stock Position in AGCO Corporation $AGCO

M&T Bank Corp reduced its position in shares of AGCO Corporation (NYSE:AGCO) by 72.5% during the fourth quarter, Holdings Channel reports. The institutional investor owned 10,549 shares of the industrial products company’s stock after selling 27,834 shares during the period. M&T Bank Corp’s holdings in AGCO were worth $1,100,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. KLP Kapitalforvaltning AS raised its stake in shares of AGCO by 0.7% in the third quarter. KLP Kapitalforvaltning AS now owns 14,300 shares of the industrial products company’s stock worth $1,531,000 after purchasing an additional 100 shares during the last quarter. Signaturefd LLC raised its stake in shares of AGCO by 30.1% in the fourth quarter. Signaturefd LLC now owns 506 shares of the industrial products company’s stock worth $53,000 after purchasing an additional 117 shares during the last quarter. Choreo LLC raised its stake in shares of AGCO by 2.0% in the fourth quarter. Choreo LLC now owns 6,533 shares of the industrial products company’s stock worth $684,000 after purchasing an additional 128 shares during the last quarter. Union Bancaire Privee UBP SA increased its position in shares of AGCO by 1.7% during the fourth quarter. Union Bancaire Privee UBP SA now owns 8,694 shares of the industrial products company’s stock valued at $907,000 after acquiring an additional 146 shares during the last quarter. Finally, Jones Financial Companies Lllp increased its position in shares of AGCO by 29.7% during the first quarter. Jones Financial Companies Lllp now owns 650 shares of the industrial products company’s stock valued at $61,000 after acquiring an additional 149 shares during the last quarter. 78.80% of the stock is owned by institutional investors and hedge funds.

Insider Activity at AGCO

In other news, SVP Kelvin Eugene Bennett sold 2,300 shares of AGCO stock in a transaction dated Tuesday, February 17th. The stock was sold at an average price of $137.04, for a total value of $315,192.00. Following the transaction, the senior vice president owned 16,844 shares in the company, valued at approximately $2,308,301.76. The trade was a 12.01% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.62% of the company’s stock.

Analysts Set New Price Targets

AGCO has been the subject of a number of research analyst reports. Robert W. Baird set a $128.00 price target on AGCO in a research report on Friday, February 6th. Barclays increased their price target on AGCO from $93.00 to $105.00 and gave the company an “underweight” rating in a research report on Friday, February 6th. Citigroup increased their price target on AGCO from $120.00 to $130.00 and gave the company a “neutral” rating in a research report on Monday, February 9th. Weiss Ratings downgraded AGCO from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday. Finally, Oppenheimer increased their price target on AGCO from $132.00 to $136.00 and gave the company an “outperform” rating in a research report on Wednesday, April 22nd. Three research analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $123.09.

AGCO Price Performance

NYSE:AGCO opened at $121.10 on Friday. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.67 and a current ratio of 1.39. The stock has a fifty day moving average of $120.84 and a 200 day moving average of $114.59. AGCO Corporation has a 52-week low of $89.80 and a 52-week high of $143.78. The firm has a market capitalization of $8.77 billion, a price-to-earnings ratio of 12.42, a P/E/G ratio of 0.82 and a beta of 1.16.

AGCO (NYSE:AGCO) last issued its quarterly earnings results on Thursday, February 5th. The industrial products company reported $2.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.85 by $0.32. AGCO had a return on equity of 9.39% and a net margin of 7.21%.The firm had revenue of $2.92 billion during the quarter, compared to analyst estimates of $2.67 billion. During the same quarter in the previous year, the company posted $1.97 earnings per share. The company’s revenue was up 1.1% compared to the same quarter last year. AGCO has set its FY 2026 guidance at 5.500-6.000 EPS. On average, research analysts expect that AGCO Corporation will post 5.75 EPS for the current fiscal year.

AGCO Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Friday, May 15th will be issued a $0.30 dividend. This is an increase from AGCO’s previous quarterly dividend of $0.29. This represents a $1.20 annualized dividend and a dividend yield of 1.0%. The ex-dividend date is Friday, May 15th. AGCO’s dividend payout ratio (DPR) is presently 11.90%.

AGCO Company Profile

AGCO Corporation is a global leader in the design, manufacture and distribution of agricultural machinery and precision farming solutions. Headquartered in Duluth, Georgia, the company markets a diverse portfolio of well-known brands, including Massey Ferguson, Fendt, Challenger, Valtra and GSI, serving farmers and producers in North America, South America, Europe, the Middle East, Africa and Asia Pacific. Through an extensive dealer network, AGCO provides equipment tailored to a broad range of crop and livestock operations.

The company’s product offerings span tractors, combine harvesters, hay and forage tools, application equipment, seeding and tillage implements, as well as grain storage and protein solutions.