AGCO Corporation $AGCO Shares Acquired by Geode Capital Management LLC

Geode Capital Management LLC increased its position in AGCO Corporation (NYSE:AGCO) by 1.4% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 1,133,874 shares of the industrial products company’s stock after acquiring an additional 15,459 shares during the period. Geode Capital Management LLC’s holdings in AGCO were worth $118,312,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of AGCO. Jupiter Asset Management Ltd. increased its position in AGCO by 520.4% in the third quarter. Jupiter Asset Management Ltd. now owns 35,801 shares of the industrial products company’s stock worth $3,833,000 after purchasing an additional 30,030 shares during the last quarter. WINTON GROUP Ltd bought a new stake in AGCO in the third quarter worth $4,873,000. SG Americas Securities LLC increased its position 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 worth $16,410,000 after purchasing an additional 150,371 shares during the last quarter. Illinois Municipal Retirement Fund bought a new stake in AGCO in the third quarter worth $821,000. Finally, Fox Run Management L.L.C. bought a new stake in AGCO in the third quarter worth $844,000. Institutional investors and hedge funds own 78.80% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently weighed in on AGCO. Oppenheimer set a $134.00 price target on shares of AGCO in a research report on Wednesday, May 6th. BMO Capital Markets lifted their price objective on shares of AGCO from $110.00 to $115.00 and gave the stock a “market perform” rating in a research note on Friday, February 6th. Barclays lifted their price objective on shares of AGCO from $93.00 to $105.00 and gave the stock an “underweight” rating in a research note on Friday, February 6th. 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. Finally, Weiss Ratings lowered shares of AGCO from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, May 27th. Three investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $126.50.

Insider Activity

In other 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 completion of the sale, the insider directly owned 3,149,820 shares of the company’s stock, 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 document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.62% of the company’s stock.

AGCO Stock Down 2.9%

Shares of AGCO opened at $116.43 on Friday. The firm has a market capitalization of $8.43 billion, a P/E ratio of 11.23, a P/E/G ratio of 0.81 and a beta of 1.08. AGCO Corporation has a 12-month low of $98.60 and a 12-month high of $143.78. The company has a current ratio of 1.29, a quick ratio of 0.57 and a debt-to-equity ratio of 0.47. The firm has a fifty day moving average price of $116.53 and a 200-day moving average price of $116.10.

AGCO (NYSE:AGCO) last issued its earnings results 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. The firm had revenue of $2.34 billion during the quarter, compared to analyst estimates of $2.26 billion. AGCO had a net margin of 7.43% and a return on equity of 9.99%. The business’s revenue was up 14.3% on a year-over-year basis. During the same period in the previous year, the firm earned $0.41 earnings per share. AGCO has set its FY 2026 guidance at 6.000-6.000 EPS. Equities research analysts expect that AGCO Corporation will post 5.97 earnings per share for the current year.

AGCO Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Friday, May 15th will be paid 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 1.0%. The ex-dividend date of this dividend is Friday, May 15th. AGCO’s payout ratio is presently 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.