Dimensional Fund Advisors LP Boosts Stock Position in AGCO Corporation $AGCO

Key Points

• Dimensional Fund Advisors increased its stake in AGCO by 1.8% to 3,461,860 shares—about 4.64% of the company, valued at roughly $370.7 million at quarter-end.
• AGCO beat expectations for the quarter with $2.17 EPS vs. $1.85 expected and revenue of $2.92 billion, and set FY2026 guidance of 5.50–6.00 EPS.
• Analysts' consensus is an overall Hold rating with an average price target of $122.73, while JPMorgan upgraded AGCO to Overweight and raised its target to $138.

Dimensional Fund Advisors LP lifted its stake in AGCO Corporation (NYSE:AGCO - Free Report) by 1.8% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,461,860 shares of the industrial products company's stock after acquiring an additional 61,383 shares during the period. Dimensional Fund Advisors LP owned approximately 4.64% of AGCO worth $370,665,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Cullen Frost Bankers Inc. lifted its holdings in AGCO by 1,721.4% during the 3rd quarter. Cullen Frost Bankers Inc. now owns 255 shares of the industrial products company's stock worth $27,000 after purchasing an additional 241 shares in the last quarter. Pinnacle Bancorp Inc. bought a new stake in shares of AGCO during the third quarter valued at about $29,000. EverSource Wealth Advisors LLC increased its position in shares of AGCO by 951.9% during the second quarter. EverSource Wealth Advisors LLC now owns 284 shares of the industrial products company's stock valued at $29,000 after buying an additional 257 shares during the period. SJS Investment Consulting Inc. lifted its holdings in shares of AGCO by 3,725.0% in the third quarter. SJS Investment Consulting Inc. now owns 306 shares of the industrial products company's stock worth $33,000 after buying an additional 298 shares in the last quarter. Finally, Geneos Wealth Management Inc. boosted its position in shares of AGCO by 109.2% in the first quarter. Geneos Wealth Management Inc. now owns 364 shares of the industrial products company's stock valued at $34,000 after acquiring an additional 190 shares during the period. 78.80% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently commented on AGCO. UBS Group reaffirmed a "neutral" rating and set a $127.00 target price on shares of AGCO in a report on Friday, February 6th. Wells Fargo & Company set a $132.00 price target on shares of AGCO in a research report on Monday, February 9th. Barclays increased their price objective on AGCO from $93.00 to $105.00 and gave the stock an "underweight" rating in a research report on Friday, February 6th. Robert W. Baird set a $128.00 target price on AGCO in a research report on Friday, February 6th. Finally, JPMorgan Chase & Co. upped their target price on AGCO from $123.00 to $138.00 and gave the stock an "overweight" rating in a research note on Friday, February 6th. Three 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. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $122.73.

Insider Buying and Selling

In other AGCO news, SVP Kelvin Eugene Bennett sold 2,300 shares of AGCO stock in a transaction that occurred on Tuesday, February 17th. The shares were sold at an average price of $137.04, for a total transaction of $315,192.00. Following the transaction, the senior vice president directly owned 16,844 shares of the company's stock, valued at approximately $2,308,301.76. This trade represents a 12.01% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 16.60% of the stock is owned by insiders.

AGCO Stock Down 5.2%

Shares of NYSE:AGCO opened at $127.39 on Friday. The firm has a market capitalization of $9.22 billion, a PE ratio of 13.07, a price-to-earnings-growth ratio of 0.95 and a beta of 1.13. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.67 and a current ratio of 1.39. AGCO Corporation has a 52-week low of $73.79 and a 52-week high of $143.78. The firm has a fifty day moving average of $121.32 and a 200 day moving average of $112.45.

AGCO (NYSE:AGCO - Get Free Report) last issued its quarterly earnings results on Thursday, February 5th. The industrial products company reported $2.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.85 by $0.32. The firm had revenue of $2.92 billion during the quarter, compared to analyst estimates of $2.67 billion. AGCO had a return on equity of 9.39% and a net margin of 7.21%.The company's revenue was up 1.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.97 earnings per share. AGCO has set its FY 2026 guidance at 5.500-6.000 EPS. As a group, research analysts anticipate that AGCO Corporation will post 4.2 EPS for the current fiscal year.

AGCO Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 16th. Shareholders of record on Friday, February 13th will be given a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date is Friday, February 13th. AGCO's dividend payout ratio (DPR) is presently 11.90%.

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.

Want to see what other hedge funds are holding AGCO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for AGCO Corporation (NYSE:AGCO - Free Report).

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.