AGCO Corporation $AGCO Shares Sold by California State Teachers Retirement System

California State Teachers Retirement System cut its stake in shares of AGCO Corporation (NYSE:AGCO - Free Report) by 5.5% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 69,476 shares of the industrial products company's stock after selling 4,059 shares during the quarter. California State Teachers Retirement System owned about 0.10% of AGCO worth $8,316,277 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of AGCO. Syon Capital LLC increased its stake in AGCO by 13.4% in the 2nd quarter. Syon Capital LLC now owns 3,948 shares of the industrial products company's stock worth $473,000 after purchasing an additional 466 shares in the last quarter. denkapparat Operations GmbH increased its stake in shares of AGCO by 47.3% during the 2nd quarter. denkapparat Operations GmbH now owns 6,410 shares of the industrial products company's stock worth $767,000 after purchasing an additional 2,058 shares during the last quarter. Nykredit A S acquired a new stake in shares of AGCO during the 2nd quarter worth approximately $281,000. Two Sigma Securities LLC bought a new stake in shares of AGCO in the 2nd quarter valued at $409,000. Finally, Lombard Odier Asset Management Europe Ltd purchased a new stake in shares of AGCO in the second quarter worth approximately $230,000. Institutional investors and hedge funds own 78.80% of the company's stock.

Insiders Place Their Bets

In related news, SVP Kelvin Bennett sold 1,000 shares of the company's stock in a transaction on Friday, September 4th. The shares were sold at an average price of $132.89, for a total value of $132,890.00. Following the sale, the senior vice president directly owned 14,047 shares of the company's stock, valued at $1,866,705.83. This represents a 6.65% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Eric P. Hansotia sold 2,604 shares of AGCO stock in a transaction that occurred on Friday, September 4th. The stock was sold at an average price of $129.75, for a total transaction of $337,869.00. Following the transaction, the chief executive officer owned 326,939 shares in the company, valued at approximately $42,420,335.25. The trade was a 0.79% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 496,022 shares of company stock worth $57,261,327 over the last ninety days. Company insiders own 0.62% of the company's stock.

Wall Street Analysts Forecast Growth

AGCO has been the topic of several research analyst reports. Oppenheimer reduced their target price on AGCO from $134.00 to $127.00 and set an "outperform" rating on the stock in a research note on Friday, July 31st. Wall Street Zen cut shares of AGCO from a "buy" rating to a "hold" rating in a research note on Saturday, August 1st. Zacks Research cut AGCO from a "hold" rating to a "strong sell" rating in a research note on Friday, August 21st. Wells Fargo & Company cut their price target on shares of AGCO from $132.00 to $117.00 and set an "equal weight" rating for the company in a report on Friday, July 31st. Finally, Weiss Ratings cut shares of AGCO from a "hold (c+)" rating to a "hold (c)" rating in a research report on Friday, July 31st. Five investment analysts have rated the stock with a Buy rating, six have given a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $122.17.

AGCO Price Performance

Shares of AGCO stock traded up $3.00 on Tuesday, reaching $125.30. The company had a trading volume of 455,112 shares, compared to its average volume of 823,399. The stock has a market capitalization of $8.77 billion, a PE ratio of 17.32, a price-to-earnings-growth ratio of 1.01 and a beta of 1.10. The business's 50-day moving average is $113.00 and its 200 day moving average is $115.97. The company has a quick ratio of 0.58, a current ratio of 1.32 and a debt-to-equity ratio of 0.53. AGCO Corporation has a one year low of $98.22 and a one year high of $143.78.

AGCO (NYSE:AGCO - Get Free Report) last issued its earnings results on Thursday, July 30th. The industrial products company reported $1.43 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 during the quarter, compared to the consensus estimate of $2.75 billion. During the same quarter in the prior year, the business earned $1.35 EPS. The firm'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. Equities research analysts forecast that AGCO Corporation will post 5.54 EPS for the current fiscal year.

AGCO Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Friday, August 14th will be issued a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 1.0%. The ex-dividend date is Friday, August 14th. AGCO's payout ratio is presently 16.60%.

AGCO Company Profile

AGCO Corporation NYSE: AGCO is a global manufacturer and distributor of agricultural equipment and related solutions. The company serves farmers, agricultural contractors and dealers with products designed for crop production, harvesting, hay and forage operations, and farm management.

AGCO's product portfolio includes tractors, combines, application equipment, hay and forage machinery, implements, replacement parts and precision agriculture technologies. Its principal brands include Fendt, Massey Ferguson, Challenger, GSI and Valtra, while its precision agriculture offerings support activities such as guidance, data management, machine control and autonomous farming.

Founded in 1990 through the acquisition of Deutz-Allis, AGCO has expanded through additional acquisitions and brand development.

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