Vanguard Group Inc. Lowers Stock Position in AGCO Corporation $AGCO

Vanguard Group Inc. lessened its stake in shares of AGCO Corporation (NYSE:AGCO) by 1.3% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 6,558,340 shares of the industrial products company’s stock after selling 83,377 shares during the quarter. Vanguard Group Inc. owned approximately 0.09% of AGCO worth $684,166,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Cullen Frost Bankers Inc. boosted its holdings in AGCO by 1,721.4% during the 3rd quarter. Cullen Frost Bankers Inc. now owns 255 shares of the industrial products company’s stock valued at $27,000 after acquiring an additional 241 shares during the period. Pinnacle Bancorp Inc. purchased a new position in AGCO during the 3rd quarter valued at about $29,000. EverSource Wealth Advisors LLC boosted its holdings in AGCO by 951.9% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 284 shares of the industrial products company’s stock valued at $29,000 after acquiring an additional 257 shares during the period. SJS Investment Consulting Inc. boosted its holdings in AGCO by 3,725.0% during the 3rd quarter. SJS Investment Consulting Inc. now owns 306 shares of the industrial products company’s stock valued at $33,000 after acquiring an additional 298 shares during the period. Finally, Advisory Services Network LLC purchased a new position in AGCO during the 3rd quarter valued at about $33,000. Hedge funds and other institutional investors own 78.80% of the company’s stock.

AGCO Stock Performance

Shares of AGCO opened at $118.61 on Monday. The stock has a 50-day simple moving average of $120.84 and a 200-day simple moving average of $114.71. 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 market capitalization of $8.59 billion, a PE ratio of 12.16, a PEG ratio of 0.85 and a beta of 1.12. AGCO Corporation has a 1 year low of $93.30 and a 1 year high of $143.78.

AGCO (NYSE:AGCO) last announced its quarterly earnings data on Thursday, February 5th. The industrial products company reported $2.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.85 by $0.32. The business had revenue of $2.92 billion during the quarter, compared to analysts’ expectations of $2.67 billion. AGCO had a return on equity of 9.39% and a net margin of 7.21%.The business’s quarterly revenue was up 1.1% compared to the same quarter last year. During the same quarter last year, the business posted $1.97 EPS. AGCO has set its FY 2026 guidance at 5.500-6.000 EPS. On average, analysts predict that AGCO Corporation will post 5.75 earnings per share 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 paid a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 1.0%. The ex-dividend date is Friday, May 15th. This is a boost from AGCO’s previous quarterly dividend of $0.29. AGCO’s dividend payout ratio (DPR) is 11.90%.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. Barclays raised their target price on AGCO from $93.00 to $105.00 and gave the company an “underweight” rating in a report on Friday, February 6th. Citigroup raised their target price on AGCO from $120.00 to $130.00 and gave the company a “neutral” rating in a report on Monday, February 9th. BMO Capital Markets raised their target price on AGCO from $110.00 to $115.00 and gave the company a “market perform” rating in a report on Friday, February 6th. JPMorgan Chase & Co. raised their target price on AGCO from $123.00 to $138.00 and gave the company an “overweight” rating in a report on Friday, February 6th. Finally, Wells Fargo & Company set a $132.00 target price on AGCO in a report on Monday, February 9th. Three investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $123.09.

Insider Activity

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 completion of the transaction, the senior vice president owned 16,844 shares in the company, valued at approximately $2,308,301.76. This trade represents a 12.01% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 0.62% of the company’s stock.

AGCO 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.