Swedbank AB Purchases 94,183 Shares of AGCO Corporation $AGCO

Swedbank AB boosted its position in AGCO Corporation (NYSE:AGCO) by 110.2% during the fourth quarter, Holdings Channel reports. The fund owned 179,617 shares of the industrial products company’s stock after acquiring an additional 94,183 shares during the period. Swedbank AB’s holdings in AGCO were worth $18,738,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in AGCO. Capital World Investors increased its stake in AGCO by 1,206.8% in the third quarter. Capital World Investors now owns 587,608 shares of the industrial products company’s stock valued at $62,915,000 after acquiring an additional 542,642 shares during the last quarter. Invesco Ltd. increased its stake in AGCO by 20.6% in the third quarter. Invesco Ltd. now owns 2,086,933 shares of the industrial products company’s stock valued at $223,448,000 after acquiring an additional 356,560 shares during the last quarter. Davis Selected Advisers increased its stake in AGCO by 13.0% in the fourth quarter. Davis Selected Advisers now owns 2,048,835 shares of the industrial products company’s stock valued at $213,736,000 after acquiring an additional 235,913 shares during the last quarter. SG Americas Securities LLC increased its stake in AGCO by 2,167.4% in the fourth quarter. SG Americas Securities LLC now owns 157,309 shares of the industrial products company’s stock valued at $16,410,000 after acquiring an additional 150,371 shares during the last quarter. Finally, Squarepoint Ops LLC increased its stake in AGCO by 69.1% in the second quarter. Squarepoint Ops LLC now owns 353,800 shares of the industrial products company’s stock valued at $36,498,000 after acquiring an additional 144,625 shares during the last quarter. Institutional investors own 78.80% of the company’s stock.

AGCO Stock Up 0.2%

Shares of NYSE:AGCO opened at $113.08 on Tuesday. The stock’s 50-day moving average price is $116.36 and its 200-day moving average price is $115.57. AGCO Corporation has a 12-month low of $95.96 and a 12-month high of $143.78. The stock has a market capitalization of $8.19 billion, a P/E ratio of 10.90, a price-to-earnings-growth ratio of 0.76 and a beta of 1.12. The company has a current ratio of 1.29, a quick ratio of 0.57 and a debt-to-equity ratio of 0.47.

AGCO (NYSE:AGCO) last announced its quarterly earnings data on Tuesday, May 5th. The industrial products company reported $0.94 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.44 by $0.50. AGCO had a return on equity of 9.99% and a net margin of 7.43%.The firm had revenue of $2.34 billion for the quarter, compared to analysts’ expectations of $2.26 billion. During the same period last year, the firm earned $0.41 earnings per share. The company’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. On average, equities analysts anticipate that AGCO Corporation will post 5.97 earnings per share for the current year.

AGCO Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Friday, May 15th will be issued a dividend of $0.30 per share. This is an increase from AGCO’s previous quarterly dividend of $0.29. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date is Friday, May 15th. AGCO’s dividend payout ratio (DPR) is currently 11.57%.

Analysts Set New Price Targets

A number of research analysts recently commented on AGCO shares. Oppenheimer set a $134.00 target price on AGCO in a research note on Wednesday, May 6th. BMO Capital Markets raised their price objective on AGCO from $110.00 to $115.00 and gave the company a “market perform” rating in a research note on Friday, February 6th. Robert W. Baird set a $128.00 price objective on AGCO in a research note on Friday, February 6th. Wall Street Zen raised AGCO from a “hold” rating to a “buy” rating in a research note on Saturday, March 7th. Finally, UBS Group reaffirmed a “neutral” rating and set a $123.00 price objective on shares of AGCO in a research note on Sunday, May 10th. Four analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $124.73.

Insider Buying and Selling at AGCO

In other news, major shareholder & Farm Equipment Ltd Tractors sold 422,590 shares of the stock in a transaction dated 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 completion of the sale, the insider directly owned 3,149,820 shares in the company, valued at approximately $388,309,809.60. This represents a 11.83% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.62% of the company’s stock.

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.