NFJ Investment Group LLC Buys Shares of 97,295 AGCO Corporation $AGCO

NFJ Investment Group LLC bought a new stake in AGCO Corporation (NYSE:AGCO) during the second quarter, Holdings Channel reports. The institutional investor bought 97,295 shares of the industrial products company’s stock, valued at approximately $11,646,000.

A number of other hedge funds have also made changes to their positions in AGCO. Edmond DE Rothschild Holding S.A. purchased a new position in AGCO during the second quarter valued at approximately $13,766,000. BlackRock Inc. acquired a new stake in shares of AGCO during the 2nd quarter valued at $701,908,000. Deutsche Bank AG purchased a new position in shares of AGCO during the 2nd quarter valued at $17,653,000. Trust Co. of Vermont purchased a new position in shares of AGCO during the 2nd quarter valued at $36,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in shares of AGCO during the 2nd quarter valued at $35,000. 78.80% of the stock is owned by hedge funds and other institutional investors.

AGCO Stock Up 4.5%

Shares of AGCO stock opened at $104.01 on Friday. The stock’s 50 day simple moving average is $111.35 and its 200 day simple moving average is $117.50. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.58 and a current ratio of 1.32. AGCO Corporation has a twelve month low of $98.22 and a twelve month high of $143.78. The company has a market capitalization of $7.28 billion, a price-to-earnings ratio of 14.39, a PEG ratio of 0.83 and a beta of 1.08.

AGCO (NYSE:AGCO) last posted its quarterly earnings data 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 for 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%.AGCO’s quarterly revenue was down 1.0% on a year-over-year basis. During the same period in the prior year, the company posted $1.35 earnings per share. AGCO has set its FY 2026 guidance at 5.500-5.750 EPS. As a group, research analysts predict that AGCO Corporation will post 5.55 EPS for the current year.

AGCO Dividend Announcement

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 issued a $0.30 dividend. The ex-dividend date of this dividend is Friday, August 14th. This represents a $1.20 dividend on an annualized basis and a yield of 1.2%. AGCO’s dividend payout ratio (DPR) is 16.60%.

Insider Activity at AGCO

In other AGCO news, Director Lange Bob De purchased 1,000 shares of the company’s stock in a transaction on Friday, August 14th. The shares were bought at an average cost of $100.71 per share, with a total value of $100,710.00. Following the transaction, the director directly owned 18,717 shares in the company, valued at approximately $1,884,989.07. This represents a 5.64% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, major shareholder & Farm Equipment Ltd Tractors sold 492,418 shares of the company’s stock in a transaction that occurred on Wednesday, August 5th. The stock was sold at an average price of $115.33, for a total value of $56,790,567.94. Following the transaction, the insider owned 3,017,565 shares of the company’s stock, valued at approximately $348,015,771.45. This trade represents a 14.03% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 0.62% of the company’s stock.

Wall Street Analyst Weigh In

AGCO has been the subject of several recent research reports. Truist Financial reiterated a “buy” rating and set a $135.00 price objective (down from $159.00) on shares of AGCO in a report on Friday, July 31st. Wall Street Zen downgraded AGCO from a “buy” rating to a “hold” rating in a research note on Saturday, August 1st. Wells Fargo & Company dropped their target price on AGCO from $132.00 to $117.00 and set an “equal weight” rating on the stock in a research report on Friday, July 31st. Citigroup cut their price target on AGCO from $125.00 to $115.00 and set a “neutral” rating for the company in a research note on Monday, August 3rd. Finally, Morgan Stanley reduced their price target on AGCO from $110.00 to $99.00 and set an “underweight” rating for the company in a report on Tuesday, August 4th. Four 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. According to MarketBeat.com, AGCO presently has an average rating of “Hold” and a consensus price target of $120.33.

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.