Empowered Funds LLC Acquires Shares of 8,644 AGCO Corporation $AGCO

Key Points

• Empowered Funds LLC acquired 8,644 AGCO shares worth approximately $1.04 million in the second quarter. Institutional investors collectively own 78.8% of the company.
• AGCO’s latest quarterly results fell slightly short of expectations, with $1.43 in EPS versus the $1.46 consensus and revenue of $2.61 billion versus $2.75 billion expected. Revenue declined 1% year over year.
• AGCO declared a quarterly dividend of $0.30 per share, equivalent to a $1.20 annualized payout and a 0.9% yield. Analysts maintain a consensus “Hold” rating with an average price target of $122.17.

Empowered Funds LLC acquired a new position in AGCO Corporation (NYSE:AGCO - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 8,644 shares of the industrial products company's stock, valued at approximately $1,035,000.

A number of other large investors have also recently modified their holdings of AGCO. Northwestern Mutual Wealth Management Co. bought a new position in AGCO in the second quarter worth about $29,000. EverSource Wealth Advisors LLC boosted its position in AGCO by 951.9% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 284 shares of the industrial products company's stock valued at $29,000 after acquiring an additional 257 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in shares of AGCO during the 2nd quarter worth approximately $35,000. Elevation Wealth Partners LLC raised its position in shares of 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 in the last quarter. Finally, Trust Co. of Vermont bought a new position in shares of AGCO in the 2nd quarter worth approximately $36,000. Institutional investors own 78.80% of the company's stock.

AGCO Stock Up 6.3%

NYSE:AGCO opened at $133.76 on Friday. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.58 and a current ratio of 1.32. The firm has a market cap of $9.37 billion, a P/E ratio of 18.50, a P/E/G ratio of 1.04 and a beta of 1.10. AGCO Corporation has a fifty-two week low of $98.22 and a fifty-two week high of $143.78. The firm has a 50-day simple moving average of $112.07 and a two-hundred day simple moving average of $116.63.

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

AGCO Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Friday, August 14th will be paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 0.9%. The ex-dividend date is Friday, August 14th. AGCO's dividend payout ratio (DPR) is currently 16.60%.

Insider Buying and Selling 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 stock was sold at an average price of $115.33, for a total transaction 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Lange De acquired 1,000 shares of the company's stock in a transaction that occurred on Friday, August 14th. The shares were acquired at an average cost of $100.71 per share, for a total transaction of $100,710.00. Following the completion of the transaction, the director directly owned 18,717 shares of the company's stock, valued at $1,884,989.07. The trade was a 5.64% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Company insiders own 0.62% of the company's stock.

Analyst Upgrades and Downgrades

AGCO has been the topic of several recent research reports. Wall Street Zen cut AGCO from a "buy" rating to a "hold" rating in a research note on Saturday, August 1st. Morgan Stanley dropped their target price on shares of AGCO from $110.00 to $99.00 and set an "underweight" rating on the stock in a report on Tuesday, August 4th. Oppenheimer reduced their target price on shares of AGCO from $134.00 to $127.00 and set an "outperform" rating on the stock in a research report on Friday, July 31st. Wells Fargo & Company decreased their price target on shares of AGCO from $132.00 to $117.00 and set an "equal weight" rating for the company in a research note on Friday, July 31st. Finally, JPMorgan Chase & Co. dropped their price objective on shares of AGCO from $143.00 to $130.00 and set an "overweight" rating on the stock in a research note on Monday, July 13th. Five investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $122.17.

AGCO Profile

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.

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