Empowered Funds LLC Acquires New Stake in AGCO Corporation $AGCO

Empowered Funds LLC bought a new stake in AGCO Corporation (NYSE:AGCO) during the second quarter, HoldingsChannel.com reports. The institutional investor bought 8,644 shares of the industrial products company’s stock, valued at approximately $1,035,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. BlackRock Inc. purchased a new stake in AGCO during the second quarter valued at approximately $701,908,000. Capital World Investors boosted its stake in shares of AGCO by 309.0% during the 4th quarter. Capital World Investors now owns 2,403,349 shares of the industrial products company’s stock worth $250,717,000 after acquiring an additional 1,815,741 shares during the last quarter. Norges Bank purchased a new position in shares of AGCO during the 4th quarter worth $78,202,000. Bank of New York Mellon Corp bought a new stake in shares of AGCO during the 2nd quarter valued at $64,273,000. Finally, Bank of America Corp DE purchased a new stake in shares of AGCO in the 2nd quarter worth $62,281,000. Hedge funds and other institutional investors own 78.80% of the company’s stock.

Insiders Place Their Bets

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

Analysts Set New Price Targets

Several equities analysts recently weighed in on the company. Truist Financial reiterated a “buy” rating and set a $135.00 target price (down from $159.00) on shares of AGCO in a research report on Friday, July 31st. Morgan Stanley reduced their price target on AGCO from $110.00 to $99.00 and set an “underweight” rating for the company in a research report on Tuesday, August 4th. Oppenheimer decreased their price objective on AGCO from $134.00 to $127.00 and set an “outperform” rating on the stock in a research note on Friday, July 31st. Sanford C. Bernstein reiterated a “market perform” rating and set a $108.00 price objective on shares of AGCO in a research note on Friday, July 31st. Finally, JPMorgan Chase & Co. reduced their target price on shares of AGCO from $143.00 to $130.00 and set an “overweight” rating for the company in a report on Monday, July 13th. Five investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, AGCO presently has a consensus rating of “Hold” and an average price target of $122.17.

AGCO Stock Up 6.3%

Shares of AGCO opened at $133.76 on Friday. The business’s 50 day moving average is $112.07 and its 200 day moving average is $116.63. The company has a current ratio of 1.32, a quick ratio of 0.58 and a debt-to-equity ratio of 0.53. AGCO Corporation has a 12-month low of $98.22 and a 12-month high of $143.78. The company has a market capitalization of $9.37 billion, a PE ratio of 18.50, a price-to-earnings-growth ratio of 1.04 and a beta of 1.10.

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

AGCO Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Friday, August 14th will be given a dividend of $0.30 per share. The ex-dividend date is Friday, August 14th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.9%. AGCO’s dividend payout ratio is currently 16.60%.

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.