Oppenheimer Asset Management Inc. Makes New $2.09 Million Investment in AGCO Corporation $AGCO

Oppenheimer Asset Management Inc. bought a new stake in shares of AGCO Corporation (NYSE:AGCO) in the 2nd quarter, Holdings Channel reports. The firm bought 17,483 shares of the industrial products company’s stock, valued at approximately $2,093,000.

A number of other hedge funds have also recently modified their holdings of the business. Dimensional Fund Advisors LP raised its holdings in shares of AGCO by 2.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,535,740 shares of the industrial products company’s stock worth $368,849,000 after buying an additional 73,880 shares during the period. Capital World Investors boosted its holdings in AGCO by 309.0% during the 4th quarter. Capital World Investors now owns 2,403,349 shares of the industrial products company’s stock valued at $250,717,000 after acquiring an additional 1,815,741 shares during the period. Invesco Ltd. grew its position in AGCO by 15.1% in the 4th quarter. Invesco Ltd. now owns 2,401,288 shares of the industrial products company’s stock valued at $250,502,000 after acquiring an additional 314,355 shares during the last quarter. Davis Selected Advisers grew its position in AGCO by 13.0% in the 4th quarter. Davis Selected Advisers now owns 2,048,835 shares of the industrial products company’s stock valued at $213,736,000 after acquiring an additional 235,913 shares during the last quarter. Finally, Geode Capital Management LLC increased its stake in AGCO by 1.4% in the fourth quarter. Geode Capital Management LLC now owns 1,133,874 shares of the industrial products company’s stock worth $118,312,000 after purchasing an additional 15,459 shares during the period. Institutional investors own 78.80% of the company’s stock.

Insider Buying and Selling

In other AGCO news, major shareholder & Farm Equipment Ltd Tractors sold 492,418 shares of the firm’s stock in a transaction dated 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 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 position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 0.62% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently issued reports on AGCO shares. Sanford C. Bernstein reissued a “market perform” rating and set a $108.00 target price on shares of AGCO in a research note on Friday, July 31st. Morgan Stanley cut their price target on shares of AGCO from $110.00 to $99.00 and set an “underweight” rating on the stock in a report on Tuesday, August 4th. Oppenheimer decreased their price objective on shares of AGCO from $134.00 to $127.00 and set an “outperform” rating for the company in a report on Friday, July 31st. DA Davidson set a $151.00 price objective on shares of AGCO in a research report on Friday, July 31st. Finally, Truist Financial restated a “buy” rating and issued a $135.00 target price (down from $159.00) on shares of AGCO in a research note on Friday, July 31st. Four equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $120.33.

AGCO Price Performance

Shares of AGCO stock opened at $101.27 on Monday. AGCO Corporation has a twelve month low of $98.70 and a twelve month high of $143.78. The stock has a market capitalization of $7.09 billion, a price-to-earnings ratio of 14.01, a P/E/G ratio of 0.84 and a beta of 1.08. The stock has a fifty day simple moving average of $112.29 and a two-hundred day simple moving average of $117.87. 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 (NYSE:AGCO) last posted its quarterly earnings results on Thursday, July 30th. The industrial products company reported $1.43 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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% compared to the same quarter last year. During the same period in the previous year, the company posted $1.35 EPS. AGCO has set its FY 2026 guidance at 5.500-5.750 EPS. On average, analysts predict that AGCO Corporation will post 5.58 EPS for the current fiscal 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 dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 1.2%. The ex-dividend date is Friday, August 14th. AGCO’s dividend payout ratio is presently 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.