Mitsubishi UFJ Trust & Banking Corp Cuts Stock Holdings in AGCO Corporation $AGCO

Mitsubishi UFJ Trust & Banking Corp decreased its stake in shares of AGCO Corporation (NYSE:AGCO) by 37.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 25,886 shares of the industrial products company’s stock after selling 15,827 shares during the period. Mitsubishi UFJ Trust & Banking Corp’s holdings in AGCO were worth $2,700,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Cullen Frost Bankers Inc. boosted its position in AGCO by 1,721.4% in the third 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 during the last quarter. Pinnacle Bancorp Inc. purchased a new position in shares of AGCO during the 3rd quarter valued at $29,000. EverSource Wealth Advisors LLC lifted its position in shares of 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 buying an additional 257 shares during the last quarter. SJS Investment Consulting Inc. lifted its holdings 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 purchasing an additional 298 shares in the last quarter. Finally, Advisory Services Network LLC purchased a new stake in AGCO during the 3rd quarter worth about $33,000. Hedge funds and other institutional investors own 78.80% of the company’s stock.

Insider Transactions at AGCO

In other news, SVP Kelvin Eugene Bennett sold 2,300 shares of the business’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 transaction, the senior vice president owned 16,844 shares in the company, valued at $2,308,301.76. The trade was a 12.01% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 0.62% of the company’s stock.

AGCO Trading Up 2.2%

AGCO opened at $121.12 on Tuesday. The business has a 50 day moving average of $120.84 and a 200-day moving average of $114.71. The stock has a market cap of $8.77 billion, a PE ratio of 12.42, a PEG ratio of 0.85 and a beta of 1.12. AGCO Corporation has a 52 week low of $93.30 and a 52 week high of $143.78. The company has a quick ratio of 0.67, a current ratio of 1.39 and a debt-to-equity ratio of 0.54.

AGCO (NYSE:AGCO) last announced its quarterly earnings data 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 during the quarter, compared to analysts’ expectations of $2.67 billion. AGCO had a return on equity of 9.39% and a net margin of 7.21%.The firm’s quarterly 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. Equities research analysts predict that AGCO Corporation will post 5.75 earnings per share for the current fiscal year.

AGCO Increases Dividend

The business also recently disclosed 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. The ex-dividend date is Friday, May 15th. This is a positive change from AGCO’s previous quarterly dividend of $0.29. This represents a $1.20 dividend on an annualized basis and a yield of 1.0%. AGCO’s dividend payout ratio (DPR) is presently 11.90%.

Analyst Ratings Changes

A number of brokerages recently issued reports on AGCO. Wells Fargo & Company set a $132.00 price objective on AGCO in a report on Monday, February 9th. Citigroup increased their price objective on AGCO from $120.00 to $130.00 and gave the company a “neutral” rating in a research report on Monday, February 9th. Barclays raised their price target on AGCO from $93.00 to $105.00 and gave the stock an “underweight” rating in a research report on Friday, February 6th. Oppenheimer raised their price target on AGCO from $132.00 to $136.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 22nd. Finally, JPMorgan Chase & Co. increased their price objective on AGCO from $123.00 to $138.00 and gave the stock an “overweight” rating in a report on Friday, February 6th. Three equities 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 currently has an average rating of “Hold” and an average target price of $123.09.

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.