Corient Private Wealth LP grew its stake in shares of AGCO Corporation (NYSE:AGCO - Free Report) by 21.5% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 99,102 shares of the industrial products company's stock after purchasing an additional 17,562 shares during the quarter. Corient Private Wealth LP owned approximately 0.14% of AGCO worth $11,863,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Northwestern Mutual Wealth Management Co. bought a new stake in AGCO during the 2nd quarter valued at $29,000. Elevation Wealth Partners LLC grew its holdings in AGCO by 400.0% in the 2nd quarter. Elevation Wealth Partners LLC now owns 290 shares of the industrial products company's stock worth $35,000 after acquiring an additional 232 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in shares of AGCO in the second quarter valued at about $35,000. Trust Co. of Vermont purchased a new position in shares of AGCO in the second quarter valued at about $36,000. Finally, Commonwealth Retirement Investments LLC bought a new position in shares of AGCO during the fourth quarter valued at about $42,000. Institutional investors own 78.80% of the company's stock.
Insider Buying and Selling at AGCO
In other news, SVP Ivory Marie Harris sold 1,600 shares of the stock in a transaction on Tuesday, September 15th. The stock was sold at an average price of $125.30, for a total value of $200,480.00. Following the sale, the senior vice president directly owned 14,454 shares of the company's stock, valued at approximately $1,811,086.20. This represents a 9.97% 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, SVP Kelvin Bennett sold 1,000 shares of the firm'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 transaction, the senior vice president owned 14,047 shares of the company's stock, valued at $1,866,705.83. The trade was a 6.65% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 497,622 shares of company stock valued at $57,461,807 in the last ninety days. Corporate insiders own 0.62% of the company's stock.
Analyst Upgrades and Downgrades
Several analysts recently issued reports on AGCO shares. 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 note on Monday, August 31st. Wall Street Zen lowered AGCO from a "buy" rating to a "hold" rating in a research report on Saturday, August 1st. Morgan Stanley dropped their price objective on AGCO from $110.00 to $99.00 and set an "underweight" rating for the company in a report on Tuesday, August 4th. JPMorgan Chase & Co. cut their price objective on AGCO from $143.00 to $130.00 and set an "overweight" rating on the stock in a research report on Monday, July 13th. Finally, 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 research note on Friday, July 31st. Five analysts have rated the stock with a Buy rating, six have issued a Hold rating and three have given a Sell rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $122.17.
Get Our Latest Analysis on AGCO
AGCO Trading Down 3.2%
Shares of NYSE AGCO opened at $119.80 on Thursday. AGCO Corporation has a 1 year low of $98.22 and a 1 year high of $143.78. 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 50-day moving average of $113.32 and a 200 day moving average of $115.80. The stock has a market cap of $8.39 billion, a P/E ratio of 16.57, a price-to-earnings-growth ratio of 1.03 and a beta of 1.10.
AGCO (NYSE:AGCO - Get Free Report) last announced its quarterly earnings data on Thursday, July 30th. The industrial products company reported $1.43 earnings per share for the quarter, missing analysts' consensus estimates 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 during the quarter, compared to analysts' expectations of $2.75 billion. During the same quarter last year, the company posted $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, sell-side analysts expect that AGCO Corporation will post 5.54 EPS for the current fiscal year.
AGCO Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 15th. Investors of record on Friday, August 14th were given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date of this dividend was Friday, August 14th. AGCO's dividend payout ratio (DPR) is 16.60%.
AGCO Company Profile
(
Free Report)
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.
Further Reading
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