Mackenzie Financial Corp Grows Position in AGCO Corporation $AGCO

Key Points

• Mackenzie Financial Corp raised its stake in AGCO by 4.3% to 791,185 shares (about 1.06% ownership), valued at roughly $84.7 million per its latest 13F filing.
• AGCO beat quarterly expectations, reporting EPS of $2.17 versus $1.85 expected and revenue of $2.92 billion versus $2.67 billion, and issued FY2026 guidance of $5.50–$6.00 EPS.
• The company announced a $0.29 quarterly dividend (annualized $1.16, ~1.0% yield); AGCO has a market cap of $8.8B, a P/E of 12.47, institutional ownership of 78.8% and insider ownership of 16.6%.

Mackenzie Financial Corp grew its stake in AGCO Corporation (NYSE:AGCO - Free Report) by 4.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 791,185 shares of the industrial products company's stock after buying an additional 32,423 shares during the quarter. Mackenzie Financial Corp owned approximately 1.06% of AGCO worth $84,712,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Cullen Frost Bankers Inc. lifted its position in shares of AGCO by 1,721.4% during the 3rd quarter. Cullen Frost Bankers Inc. now owns 255 shares of the industrial products company's stock valued at $27,000 after buying an additional 241 shares in the last quarter. Pinnacle Bancorp Inc. purchased a new stake in AGCO in the 3rd quarter worth approximately $29,000. EverSource Wealth Advisors LLC increased its holdings in AGCO by 951.9% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 284 shares of the industrial products company's stock worth $29,000 after acquiring an additional 257 shares in the last quarter. SJS Investment Consulting Inc. raised its stake in AGCO by 3,725.0% during the 3rd quarter. SJS Investment Consulting Inc. now owns 306 shares of the industrial products company's stock worth $33,000 after acquiring an additional 298 shares during the period. Finally, Geneos Wealth Management Inc. raised its stake in AGCO by 109.2% during the 1st quarter. Geneos Wealth Management Inc. now owns 364 shares of the industrial products company's stock worth $34,000 after acquiring an additional 190 shares during the period. Institutional investors own 78.80% of the company's stock.

AGCO Price Performance

Shares of NYSE:AGCO opened at $121.61 on Thursday. The firm has a market cap of $8.80 billion, a price-to-earnings ratio of 12.47, a P/E/G ratio of 0.87 and a beta of 1.13. The firm has a fifty day moving average price of $122.76 and a 200 day moving average price of $112.70. AGCO Corporation has a fifty-two week low of $73.79 and a fifty-two week high of $143.78. 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 (NYSE:AGCO - Get Free Report) last announced its quarterly earnings results on Thursday, February 5th. The industrial products company reported $2.17 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.85 by $0.32. The company had revenue of $2.92 billion for the quarter, compared to the consensus estimate of $2.67 billion. AGCO had a net margin of 7.21% and a return on equity of 9.39%. AGCO's revenue for the quarter was up 1.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.97 EPS. AGCO has set its FY 2026 guidance at 5.500-6.000 EPS. As a group, sell-side analysts expect that AGCO Corporation will post 4.2 earnings per share for the current fiscal year.

AGCO Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 16th. Stockholders of record on Friday, February 13th will be issued a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 1.0%. The ex-dividend date of this dividend is Friday, February 13th. AGCO's payout ratio is 11.90%.

Insider Activity at AGCO

In related news, SVP Kelvin Eugene Bennett sold 2,300 shares of the business's stock in a transaction dated Tuesday, February 17th. The stock was sold at an average price of $137.04, for a total value of $315,192.00. Following the sale, the senior vice president directly owned 16,844 shares in the company, valued at approximately $2,308,301.76. The trade was a 12.01% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 16.60% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. Robert W. Baird set a $128.00 price target on shares of AGCO in a research report on Friday, February 6th. BMO Capital Markets raised their price objective on shares of AGCO from $110.00 to $115.00 and gave the company a "market perform" rating in a research report on Friday, February 6th. Citigroup lifted their target price on shares of AGCO from $120.00 to $130.00 and gave the company a "neutral" rating in a research note on Monday, February 9th. Wall Street Zen raised shares of AGCO from a "hold" rating to a "buy" rating in a report on Saturday, March 7th. Finally, JPMorgan Chase & Co. increased their price target 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 issued a Hold rating and two have issued a Sell rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $122.73.

AGCO Company 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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