AGCO Corporation $AGCO Stock Holdings Decreased by Tectonic Advisors LLC

Key Points

• Tectonic Advisors cut its AGCO stake by 64% in the third quarter, selling 9,769 shares and retaining 5,486 shares valued at approximately $627,000. Institutional investors still own 78.8% of AGCO.
• Analyst sentiment remains mixed: AGCO has an average “Hold” rating and a consensus price target of $122.92, with JPMorgan raising its target to $140 while Citigroup lowered its target to $115.
• AGCO’s latest quarterly results slightly missed expectations, with EPS of $1.43 versus $1.46 expected and revenue of $2.61 billion versus $2.75 billion projected. The company maintained its quarterly dividend at $0.30 per share, or $1.20 annualized.

Tectonic Advisors LLC reduced its stake in shares of AGCO Corporation (NYSE:AGCO - Free Report) by 64.0% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,486 shares of the industrial products company's stock after selling 9,769 shares during the quarter. Tectonic Advisors LLC's holdings in AGCO were worth $627,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in AGCO. BlackRock Inc. bought a new position in AGCO in the second quarter worth about $701,908,000. Bank of America Corp DE lifted its position in shares of AGCO by 19.4% during the first quarter. Bank of America Corp DE now owns 543,955 shares of the industrial products company's stock valued at $63,028,000 after buying an additional 88,571 shares during the last quarter. Bank of New York Mellon Corp purchased a new stake in shares of AGCO during the second quarter valued at about $64,273,000. Quantinno Capital Management LP boosted its holdings in shares of AGCO by 15.1% in the 1st quarter. Quantinno Capital Management LP now owns 492,234 shares of the industrial products company's stock valued at $57,035,000 after buying an additional 64,453 shares in the last quarter. Finally, Swedbank AB boosted its holdings in shares of AGCO by 51.6% in the 1st quarter. Swedbank AB now owns 272,300 shares of the industrial products company's stock valued at $31,551,000 after buying an additional 92,683 shares in the last quarter. Institutional investors own 78.80% of the company's stock.

Insider Activity

In related news, major shareholder & Farm Equipment Ltd Tractors sold 492,418 shares of the company's stock in a transaction on 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 of the company's stock, valued at $348,015,771.45. This represents a 14.03% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Eric Hansotia sold 2,604 shares of the firm's stock in a transaction on Friday, September 4th. The stock was sold at an average price of $129.75, for a total value of $337,869.00. Following the completion of the transaction, the chief executive officer owned 326,939 shares of the company's stock, valued at $42,420,335.25. This trade represents a 0.79% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 497,622 shares of company stock valued at $57,461,807. 0.62% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of brokerages have recently issued reports on AGCO. JPMorgan Chase & Co. lifted their price objective on shares of AGCO from $123.00 to $140.00 and gave the stock an "overweight" rating in a research report on Thursday, October 8th. Zacks Research raised shares of AGCO from a "strong sell" rating to a "hold" rating in a research report on Monday, October 5th. Sanford C. Bernstein reissued a "market perform" rating and set a $108.00 target price on shares of AGCO in a research report on Friday, July 31st. Wall Street Zen downgraded shares of AGCO from a "buy" rating to a "hold" rating in a research note on Saturday, August 1st. Finally, Citigroup lowered their target price on shares of AGCO from $125.00 to $115.00 and set a "neutral" rating for the company in a research note on Monday, August 3rd. Five analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $122.92.

AGCO Stock Up 0.2%

AGCO stock opened at $106.43 on Friday. The stock has a market capitalization of $7.45 billion, a PE ratio of 14.72, a price-to-earnings-growth ratio of 0.80 and a beta of 1.08. AGCO Corporation has a 52 week low of $98.22 and a 52 week high of $143.78. The company has a quick ratio of 0.58, a current ratio of 1.32 and a debt-to-equity ratio of 0.53. The firm has a 50 day moving average of $114.20 and a 200 day moving average of $114.31.

AGCO (NYSE:AGCO - Get Free Report) last issued its quarterly earnings results on Thursday, July 30th. The industrial products company reported $1.43 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.46 by ($0.03). The company had revenue of $2.61 billion for the quarter, compared to analyst estimates of $2.75 billion. AGCO had a net margin of 5.15% and a return on equity of 10.09%. The company's revenue for the quarter was down 1.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.35 EPS. AGCO has set its FY 2026 guidance at 5.500-5.750 EPS. Sell-side analysts forecast that AGCO Corporation will post 5.54 earnings per share for the current year.

AGCO Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 15th. Stockholders of record on Monday, November 16th will be issued a dividend of $0.30 per share. The ex-dividend date of this dividend is Monday, November 16th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.1%. AGCO's payout ratio is 16.60%.

AGCO News Summary

Here are the key news stories impacting AGCO this week:

• Positive Sentiment: AGCO is launching a pilot program with Agility Robotics to test the Digit humanoid robot at its Hesston, Kansas, facility. The robot is expected to perform repetitive factory-floor tasks, potentially improving productivity and positioning AGCO as an early adopter of industrial automation. Agility Robotics and AGCO Launch Pilot Program for Digit Humanoid Robots at Hesston Facility Humanoid robots head to the factory floor at AGCO
• Positive Sentiment: The board maintained AGCO’s regular quarterly dividend at $0.30 per share, payable December 15 to shareholders of record November 16. The $1.20 annualized payout provides continued income support and signals that management is preserving shareholder returns. AGCO Announces Quarterly Dividend
• Neutral Sentiment: Oppenheimer reduced its AGCO price target from $127 to $123 but retained an “outperform” rating. The lower target reflects more cautious expectations, while the rating still implies analysts see meaningful potential upside from recent trading levels. Oppenheimer lowers AGCO price target
• Negative Sentiment: Zacks expects AGCO’s upcoming third-quarter earnings to decline and says the company lacks the combination of factors typically associated with an earnings beat. This adds pressure ahead of results, particularly after the company’s latest quarter missed revenue and EPS expectations. Earnings Preview: AGCO Q3 Earnings Expected to Decline

AGCO 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.