AGCO Corporation $AGCO Stock: Crossmark Global Holdings Inc. Cuts Holdings

Key Points

• Crossmark Global Holdings cut its AGCO position by 96% in the third quarter, selling 61,336 shares and retaining 2,545 shares worth approximately $291,000. Institutional investors still own 78.8% of the company.
• Insiders sold nearly $57.5 million of AGCO stock over the past 90 days, including a major shareholder’s sale of 492,418 shares and an SVP’s sale of 1,000 shares.
• AGCO’s third-quarter adjusted EPS of $1.05 beat estimates, but revenue fell 8.6% year over year to $2.26 billion and missed expectations. Management pointed to a possible farm-equipment recovery in 2027, while analysts maintain a consensus “Hold” rating and a $122.92 price target.

Crossmark Global Holdings Inc. cut its position in shares of AGCO Corporation (NYSE:AGCO - Free Report) by 96.0% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor 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 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the company. Fortitude Family Office LLC increased its position in shares of AGCO by 234.8% in the third quarter. Fortitude Family Office LLC now owns 231 shares of the industrial products company's stock worth $26,000 after acquiring an additional 162 shares in the last quarter. Northwestern Mutual Wealth Management Co. acquired a new stake in shares of AGCO during the second quarter valued at approximately $29,000. Elevation Wealth Partners LLC raised its holdings in shares of AGCO by 400.0% during the second quarter. Elevation Wealth Partners LLC now owns 290 shares of the industrial products company's stock valued at $35,000 after acquiring an additional 232 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in shares of AGCO during the second quarter valued at approximately $35,000. Finally, Trust Co. of Vermont acquired a new stake in shares of AGCO during the second quarter valued at approximately $36,000. 78.80% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at AGCO

In other news, major shareholder & Farm Equipment Ltd Tractors sold 492,418 shares of the company's stock in a transaction on 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 transaction, the insider directly owned 3,017,565 shares of the company's stock, valued at approximately $348,015,771.45. This represents a 14.03% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Kelvin Bennett sold 1,000 shares of the company's stock in a transaction on Friday, September 4th. The stock was sold at an average price of $132.89, for a total transaction of $132,890.00. Following the completion of the transaction, the senior vice president directly owned 14,047 shares in the company, valued at $1,866,705.83. This trade represents a 6.65% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 497,622 shares of company stock worth $57,461,807. 0.62% of the stock is currently owned by company insiders.

AGCO News Summary

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 Price Performance

NYSE AGCO opened at $107.62 on Friday. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.32 and a quick ratio of 0.58. The firm has a market capitalization of $7.54 billion, a price-to-earnings ratio of 14.88, a price-to-earnings-growth ratio of 0.77 and a beta of 1.08. The company has a 50 day simple moving average of $113.92 and a 200-day simple moving average of $116.29. AGCO Corporation has a 52-week low of $98.22 and a 52-week high of $143.78.

AGCO (NYSE:AGCO - Get Free Report) last announced its quarterly earnings data on Thursday, October 29th. The industrial products company reported $1.05 EPS for the quarter, beating analysts' consensus estimates of $0.87 by $0.18. AGCO had a net margin of 5.15% and a return on equity of 10.09%. The firm had revenue of $2.26 billion for the quarter, compared to the consensus estimate of $2.32 billion. During the same period in the previous year, the firm posted $1.35 earnings per share. The firm's revenue was down 8.6% on a year-over-year basis. Equities research analysts predict that AGCO Corporation will post 5.54 earnings per share for the current fiscal year.

AGCO Dividend Announcement

The business 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 $0.30 dividend. The ex-dividend date is Monday, November 16th. This represents a $1.20 dividend on an annualized basis and a yield of 1.1%. AGCO's dividend payout ratio is presently 16.60%.

Wall Street Analyst Weigh In

A number of research firms recently commented on AGCO. Weiss Ratings raised shares of AGCO from a "hold (c)" rating to a "hold (c+)" rating in a research note on Monday, September 28th. Morgan Stanley cut their target price on shares of AGCO from $110.00 to $99.00 and set an "underweight" rating on the stock in a research note on Tuesday, August 4th. Robert W. Baird raised AGCO from a "neutral" rating to an "outperform" rating and raised their target price for the stock from $120.00 to $150.00 in a research report on Monday, August 31st. UBS Group lowered their price target on AGCO from $123.00 to $114.00 and set a "neutral" rating on the stock in a report on Tuesday, August 4th. Finally, Sanford C. Bernstein reiterated a "market perform" rating and set a $108.00 price target on shares of AGCO in a report on Friday, July 31st. Five equities 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 company's stock. According to data from MarketBeat.com, AGCO currently has an average rating of "Hold" and a consensus target price of $122.92.

AGCO Company 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.

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