536,953 Shares in AGCO Corporation $AGCO Acquired by Bank of New York Mellon Corp

Bank of New York Mellon Corp purchased a new stake in AGCO Corporation (NYSE:AGCO - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 536,953 shares of the industrial products company's stock, valued at approximately $64,273,000. Bank of New York Mellon Corp owned 0.77% of AGCO as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in AGCO. GAMMA Investing LLC increased its position in shares of AGCO by 5.0% during the second quarter. GAMMA Investing LLC now owns 1,963 shares of the industrial products company's stock worth $235,000 after acquiring an additional 94 shares during the period. UMB Bank n.a. boosted its holdings in AGCO by 16.8% in the fourth quarter. UMB Bank n.a. now owns 759 shares of the industrial products company's stock valued at $79,000 after purchasing an additional 109 shares during the period. Gateway Investment Advisers LLC boosted its holdings in AGCO by 6.1% in the fourth quarter. Gateway Investment Advisers LLC now owns 2,367 shares of the industrial products company's stock valued at $247,000 after purchasing an additional 137 shares during the period. EverSource Wealth Advisors LLC grew its stake in AGCO by 36.0% during the 1st quarter. EverSource Wealth Advisors LLC now owns 521 shares of the industrial products company's stock worth $60,000 after purchasing an additional 138 shares in the last quarter. Finally, Jones Financial Companies Lllp grew 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 purchasing an additional 149 shares in the last quarter. Hedge funds and other institutional investors own 78.80% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on AGCO shares. Wall Street Zen lowered AGCO from a "buy" rating to a "hold" rating in a research report on Saturday, August 1st. Zacks Research downgraded AGCO from a "hold" rating to a "strong sell" rating in a research report on Friday, August 21st. Citigroup cut their target price on shares of AGCO from $125.00 to $115.00 and set a "neutral" rating on the stock in a research note on Monday, August 3rd. Weiss Ratings cut shares of AGCO from a "hold (c+)" rating to a "hold (c)" rating in a report on Friday, July 31st. Finally, Sanford C. Bernstein reiterated a "market perform" rating and issued a $108.00 price target on shares of AGCO in a research note on Friday, July 31st. Four equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $120.33.

Insiders Place Their Bets

In related news, Director Lange Bob De acquired 1,000 shares of the firm's stock in a transaction on Friday, August 14th. The stock was bought at an average price of $100.71 per share, for a total transaction of $100,710.00. Following the completion of the purchase, the director directly owned 18,717 shares of the company's stock, valued at approximately $1,884,989.07. The trade was a 5.64% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, major shareholder & Farm Equipment Ltd Tractors sold 492,418 shares of the firm's 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 transaction, the insider directly owned 3,017,565 shares in the company, valued at approximately $348,015,771.45. The trade was a 14.03% decrease in their position. The SEC filing for this sale provides additional information. 0.62% of the stock is owned by insiders.

AGCO Trading Up 0.5%

AGCO opened at $111.45 on Thursday. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.58 and a current ratio of 1.32. AGCO Corporation has a one year low of $98.22 and a one year high of $143.78. The company has a market cap of $7.81 billion, a P/E ratio of 15.41, a PEG ratio of 0.92 and a beta of 1.08. The business's 50-day simple moving average is $111.13 and its 200-day simple moving average is $117.23.

AGCO (NYSE:AGCO - Get Free Report) last posted its earnings results on Thursday, July 30th. The industrial products company reported $1.43 earnings per share 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 business had revenue of $2.61 billion for the quarter, compared to analysts' expectations of $2.75 billion. During the same quarter in the previous year, the firm earned $1.35 EPS. AGCO's revenue for the quarter was down 1.0% compared to the same quarter last year. AGCO has set its FY 2026 guidance at 5.500-5.750 EPS. As a group, equities research analysts expect that AGCO Corporation will post 5.55 EPS for the current fiscal year.

AGCO Dividend Announcement

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

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