Swedbank AB Has $31.55 Million Stock Holdings in AGCO Corporation $AGCO

Swedbank AB grew its stake in AGCO Corporation (NYSE:AGCO) by 51.6% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 272,300 shares of the industrial products company’s stock after purchasing an additional 92,683 shares during the quarter. Swedbank AB’s holdings in AGCO were worth $31,551,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of AGCO by 46.2% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 4,958 shares of the industrial products company’s stock valued at $459,000 after acquiring an additional 1,567 shares during the last quarter. Jones Financial Companies Lllp boosted its stake in AGCO by 29.7% during the 1st quarter. Jones Financial Companies Lllp now owns 650 shares of the industrial products company’s stock worth $61,000 after acquiring an additional 149 shares during the last quarter. Goldman Sachs Group Inc. boosted its stake in AGCO by 39.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 215,242 shares of the industrial products company’s stock worth $19,925,000 after acquiring an additional 61,009 shares during the last quarter. Empowered Funds LLC grew its holdings in AGCO by 3.1% during the first quarter. Empowered Funds LLC now owns 5,876 shares of the industrial products company’s stock valued at $544,000 after purchasing an additional 176 shares during the period. Finally, Geneos Wealth Management Inc. grew its holdings in AGCO by 109.2% during the first quarter. Geneos Wealth Management Inc. now owns 364 shares of the industrial products company’s stock valued at $34,000 after purchasing an additional 190 shares during the period. 78.80% of the stock is currently owned by institutional investors.

Insider Activity

In related news, major shareholder & Farm Equipment Ltd Tractors sold 422,590 shares of the business’s stock in a transaction on Tuesday, May 5th. The shares were sold at an average price of $123.28, for a total transaction of $52,096,895.20. Following the transaction, the insider directly owned 3,149,820 shares in the company, valued at approximately $388,309,809.60. The trade was a 11.83% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.62% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the stock. Truist Financial increased their target price on shares of AGCO from $152.00 to $159.00 and gave the stock a “buy” rating in a report on Thursday, July 2nd. UBS Group reissued a “neutral” rating and issued a $123.00 price target on shares of AGCO in a report on Sunday, May 10th. Morgan Stanley restated an “underweight” rating and issued a $108.00 price objective on shares of AGCO in a research report on Thursday, May 14th. Oppenheimer set a $134.00 price objective on AGCO in a research note on Wednesday, May 6th. Finally, Weiss Ratings lowered AGCO from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, May 27th. Three research analysts have rated the stock with a Buy rating, six have given a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $127.20.

AGCO Stock Performance

Shares of AGCO stock opened at $113.65 on Thursday. AGCO Corporation has a 12 month low of $99.21 and a 12 month high of $143.78. The company’s fifty day simple moving average is $115.27 and its 200-day simple moving average is $117.63. The firm has a market cap of $8.23 billion, a PE ratio of 10.96, a P/E/G ratio of 0.76 and a beta of 1.07. The company has a quick ratio of 0.57, a current ratio of 1.29 and a debt-to-equity ratio of 0.47.

AGCO (NYSE:AGCO) last released its earnings results on Tuesday, May 5th. The industrial products company reported $0.94 earnings per share for the quarter, beating analysts’ consensus estimates of $0.44 by $0.50. AGCO had a net margin of 7.43% and a return on equity of 9.99%. The business had revenue of $2.34 billion during the quarter, compared to the consensus estimate of $2.26 billion. During the same quarter last year, the firm earned $0.41 earnings per share. The firm’s revenue for the quarter was up 14.3% compared to the same quarter last year. AGCO has set its FY 2026 guidance at 6.000-6.000 EPS. Equities research analysts expect that AGCO Corporation will post 6.04 EPS for the current fiscal year.

AGCO Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Friday, August 14th will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is Friday, August 14th. This represents a $1.20 annualized dividend and a dividend yield of 1.1%. AGCO’s payout ratio is 11.57%.

About AGCO

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.