AGCO Corporation $AGCO Shares Sold by Crossmark Global Holdings Inc.

Crossmark Global Holdings Inc. cut its holdings in AGCO Corporation (NYSE:AGCO) by 96.0% in the third quarter, Holdings Channel.com reports. The fund owned 2,545 shares of the industrial products company’s stock after selling 61,336 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in AGCO were worth $291,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in AGCO. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in shares of AGCO during the 2nd quarter worth $1,239,000. The Manufacturers Life Insurance Company raised its holdings in shares of AGCO by 27.0% during the 1st quarter. The Manufacturers Life Insurance Company now owns 126,234 shares of the industrial products company’s stock valued at $14,626,000 after purchasing an additional 26,862 shares in the last quarter. Public Employees Retirement System of Ohio bought a new position in shares of AGCO during the 2nd quarter valued at $2,216,000. Corient Private Wealth LP lifted its stake in shares of AGCO by 21.5% in the 2nd quarter. Corient Private Wealth LP now owns 99,102 shares of the industrial products company’s stock valued at $11,863,000 after purchasing an additional 17,562 shares during the last quarter. Finally, Bank of America Corp DE lifted its stake in shares of AGCO by 19.4% in the 1st quarter. Bank of America Corp DE now owns 543,955 shares of the industrial products company’s stock valued at $63,028,000 after purchasing an additional 88,571 shares during the last quarter. 78.80% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at AGCO

In other AGCO news, CEO Eric Hansotia sold 2,604 shares of the company’s stock in a transaction dated Friday, September 4th. The shares were sold at an average price of $129.75, for a total transaction of $337,869.00. Following the completion of the sale, the chief executive officer directly owned 326,939 shares in the company, valued at $42,420,335.25. This represents a 0.79% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder & Farm Equipment Ltd Tractors sold 492,418 shares of AGCO stock in a transaction dated Wednesday, August 5th. The stock was sold at an average price of $115.33, for a total value of $56,790,567.94. Following the completion of the transaction, the insider owned 3,017,565 shares in the company, valued at $348,015,771.45. The trade was a 14.03% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 497,622 shares of company stock valued at $57,461,807. 0.62% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of brokerages recently issued reports on AGCO. Oppenheimer decreased their price objective on shares of AGCO from $127.00 to $123.00 and set an “outperform” rating for the company in a report on Thursday, October 22nd. Robert W. Baird upgraded AGCO from a “neutral” rating to an “outperform” rating and raised their target price for the company from $120.00 to $150.00 in a report on Monday, August 31st. Morgan Stanley cut their target price on AGCO from $110.00 to $99.00 and set an “underweight” rating on the stock in a report on Tuesday, August 4th. Zacks Research raised AGCO from a “strong sell” rating to a “hold” rating in a research report on Monday, October 5th. Finally, Weiss Ratings upgraded AGCO from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, September 28th. Five research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, AGCO has a consensus rating of “Hold” and a consensus target price of $122.92.

Key AGCO News

Here are the key news stories impacting AGCO this week:

• Positive Sentiment: Adjusted earnings beat expectations. AGCO reported third-quarter adjusted EPS of $1.05, above the roughly $0.87–$0.88 analyst consensus. The earnings outperformance is supporting the stock because it indicates better cost control and profitability than expected. AGCO Beats Q3 Earnings Estimates
• Positive Sentiment: Management sees a potential recovery ahead. Executives indicated that the farm-equipment cycle is approaching a trough and pointed to a possible recovery in 2027. That outlook gives investors a reason to look beyond the current downturn and supports expectations for improved future demand. AGCO Gains Despite Sales Miss
• Neutral Sentiment: Full-year adjusted EPS is expected to be approximately $5.50. The company provided or reaffirmed its 2026 earnings outlook, broadly in line with the current analyst forecast of about $5.54 per share. AGCO Reports Third-Quarter Results
• Negative Sentiment: Revenue missed estimates and declined year over year. Third-quarter net sales were approximately $2.26 billion, below the roughly $2.32 billion consensus and down 8.6% from the prior-year period. Reported EPS was $0.75, while adjusted EPS was $1.05, and management lowered its outlook amid continued softness in agricultural equipment demand. AGCO Third-Quarter Earnings Results

AGCO Trading Up 5.3%

NYSE:AGCO opened at $107.62 on Friday. The company’s 50 day moving average is $113.92 and its 200-day moving average is $116.29. The company has a quick ratio of 0.58, a current ratio of 1.32 and a debt-to-equity ratio of 0.53. AGCO Corporation has a 12 month low of $98.22 and a 12 month high of $143.78. The firm has a market cap of $7.54 billion, a price-to-earnings ratio of 14.88, a P/E/G ratio of 0.77 and a beta of 1.08.

AGCO (NYSE:AGCO) last posted its quarterly earnings data on Thursday, October 29th. The industrial products company reported $1.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.87 by $0.18. AGCO had a net margin of 5.15% and a return on equity of 10.09%. The business had revenue of $2.26 billion during the quarter, compared to the consensus estimate of $2.32 billion. During the same period in the prior year, the firm earned $1.35 EPS. AGCO’s quarterly revenue was down 8.6% compared to the same quarter last year. Equities analysts anticipate that AGCO Corporation will post 5.54 EPS for the current year.

AGCO Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 15th. Shareholders of record on Monday, November 16th will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is Monday, November 16th. This represents a $1.20 dividend on an annualized basis and a yield of 1.1%. AGCO’s payout ratio is currently 16.60%.

AGCO Profile

AGCO Corporation (NYSE: AGCO) is a global manufacturer and distributor of agricultural equipment, technologies and related services. The company serves farmers, agricultural contractors and equipment dealers with products designed for planting, harvesting, crop protection, hay and forage production, and grain handling.

AGCO’s product portfolio includes tractors, combines, planters, seeding equipment, sprayers, hay and forage machinery, grain storage and handling systems, replacement parts, and precision agriculture solutions.