Freestone Grove Partners LP Invests $17.63 Million in AGCO Corporation $AGCO

Freestone Grove Partners LP purchased a new stake in AGCO Corporation (NYSE:AGCO) in the second quarter, HoldingsChannel reports. The firm purchased 147,266 shares of the industrial products company’s stock, valued at approximately $17,628,000.

A number of other hedge funds have also modified their holdings of AGCO. Northwestern Mutual Wealth Management Co. acquired a new position in AGCO during the second quarter valued at approximately $29,000. EverSource Wealth Advisors LLC increased its stake in AGCO by 951.9% in the second quarter. EverSource Wealth Advisors LLC now owns 284 shares of the industrial products company’s stock valued at $29,000 after purchasing an additional 257 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in AGCO in the second quarter worth $35,000. Elevation Wealth Partners LLC raised its holdings in AGCO by 400.0% in the second quarter. Elevation Wealth Partners LLC now owns 290 shares of the industrial products company’s stock worth $35,000 after purchasing an additional 232 shares during the period. Finally, Trust Co. of Vermont acquired a new stake in AGCO in the second quarter worth $36,000. 78.80% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at AGCO

In other news, Director Lange Bob De purchased 1,000 shares of the company’s stock in a transaction on Friday, August 14th. The shares were purchased at an average price of $100.71 per share, with a total value of $100,710.00. Following the purchase, the director directly owned 18,717 shares of the company’s stock, valued at $1,884,989.07. This trade represents a 5.64% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, major shareholder & Farm Equipment Ltd Tractors sold 492,418 shares of AGCO stock in a transaction dated Wednesday, August 5th. The shares were sold at an average price of $115.33, for a total value of $56,790,567.94. Following the completion of the sale, the insider directly owned 3,017,565 shares in the company, valued at $348,015,771.45. This represents a 14.03% decrease in their position. The SEC filing for this sale provides additional information. 0.62% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the stock. Weiss Ratings lowered shares of AGCO from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday, July 31st. Truist Financial reaffirmed a “buy” rating and set a $135.00 price objective (down from $159.00) on shares of AGCO in a research note on Friday, July 31st. Citigroup reduced their target price on AGCO from $125.00 to $115.00 and set a “neutral” rating on the stock in a report on Monday, August 3rd. Wells Fargo & Company reduced their target price on AGCO from $132.00 to $117.00 and set an “equal weight” rating on the stock in a report on Friday, July 31st. Finally, Wall Street Zen cut AGCO from a “buy” rating to a “hold” rating in a research note on Saturday, August 1st. Four research analysts have rated the stock with a Buy rating, six have issued a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $120.33.

AGCO Stock Performance

Shares of AGCO opened at $110.81 on Friday. The firm has a market cap of $7.76 billion, a P/E ratio of 15.33, a PEG ratio of 0.93 and a beta of 1.08. AGCO Corporation has a twelve month low of $98.22 and a twelve month high of $143.78. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.58 and a current ratio of 1.32. The firm’s 50 day moving average price is $111.07 and its two-hundred day moving average price is $117.08.

AGCO (NYSE:AGCO) last issued its quarterly earnings data on Thursday, July 30th. The industrial products company reported $1.43 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.46 by ($0.03). AGCO had a return on equity of 10.09% and a net margin of 5.15%.The company had revenue of $2.61 billion for the quarter, compared to the consensus estimate of $2.75 billion. During the same period in the prior year, the company earned $1.35 EPS. The firm’s revenue was down 1.0% on a year-over-year basis. AGCO has set its FY 2026 guidance at 5.500-5.750 EPS. On average, analysts forecast that AGCO Corporation will post 5.54 EPS for the current fiscal year.

AGCO Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Friday, August 14th will be issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date is Friday, August 14th. AGCO’s dividend payout ratio is 16.60%.

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.