AGCO Corporation $AGCO Shares Sold by Artemis Investment Management LLP

Artemis Investment Management LLP lessened its position in AGCO Corporation (NYSE:AGCO) by 54.1% during the fourth quarter, Holdings Channel reports. The institutional investor owned 9,171 shares of the industrial products company’s stock after selling 10,829 shares during the quarter. Artemis Investment Management LLP’s holdings in AGCO were worth $957,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Cullen Frost Bankers Inc. grew its holdings in AGCO by 1,721.4% during the third quarter. Cullen Frost Bankers Inc. now owns 255 shares of the industrial products company’s stock worth $27,000 after acquiring an additional 241 shares during the period. Pinnacle Bancorp Inc. acquired a new stake in AGCO in the 3rd quarter valued at about $29,000. EverSource Wealth Advisors LLC lifted 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 valued at $29,000 after acquiring an additional 257 shares during the last quarter. SJS Investment Consulting Inc. boosted its position in shares of AGCO by 3,725.0% during the 3rd quarter. SJS Investment Consulting Inc. now owns 306 shares of the industrial products company’s stock valued at $33,000 after purchasing an additional 298 shares in the last quarter. Finally, Advisory Services Network LLC bought a new position in shares of AGCO during the 3rd quarter valued at about $33,000. Institutional investors and hedge funds own 78.80% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently commented on the stock. Weiss Ratings downgraded shares of AGCO from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday. BMO Capital Markets raised their target price on shares of AGCO from $110.00 to $115.00 and gave the stock a “market perform” rating in a report on Friday, February 6th. JPMorgan Chase & Co. lifted their price target on shares of AGCO from $123.00 to $138.00 and gave the stock an “overweight” rating in a research report on Friday, February 6th. Citigroup upped their price target on AGCO from $120.00 to $130.00 and gave the company a “neutral” rating in a report on Monday, February 9th. Finally, Truist Financial increased their price objective on AGCO from $134.00 to $152.00 and gave the company a “buy” rating in a research report on Monday, February 9th. Three investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $123.09.

AGCO Stock Performance

Shares of AGCO opened at $118.61 on Friday. The company has a 50-day moving average of $120.84 and a two-hundred day moving average of $114.66. The stock has a market cap of $8.59 billion, a price-to-earnings ratio of 12.16, a PEG ratio of 0.85 and a beta of 1.12. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.39 and a quick ratio of 0.67. AGCO Corporation has a one year low of $93.30 and a one year high of $143.78.

AGCO (NYSE:AGCO) last released 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 business had revenue of $2.92 billion for the quarter, compared to analyst estimates of $2.67 billion. AGCO had a net margin of 7.21% and a return on equity of 9.39%. The firm’s revenue was up 1.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.97 earnings per share. AGCO has set its FY 2026 guidance at 5.500-6.000 EPS. On average, equities research analysts expect that AGCO Corporation will post 5.75 earnings per share for the current year.

AGCO Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Friday, May 15th will be paid a dividend of $0.30 per share. This is an increase from AGCO’s previous quarterly dividend of $0.29. The ex-dividend date of this dividend is Friday, May 15th. This represents a $1.20 annualized dividend and a yield of 1.0%. AGCO’s dividend payout ratio (DPR) is presently 11.90%.

Insider Activity

In other news, SVP Kelvin Eugene Bennett sold 2,300 shares of the firm’s stock in a transaction on Tuesday, February 17th. The stock was sold at an average price of $137.04, for a total value of $315,192.00. Following the completion of the sale, the senior vice president owned 16,844 shares of the company’s stock, valued at $2,308,301.76. This trade represents a 12.01% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. 0.62% of the stock is owned by insiders.

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.