AGCO Corporation $AGCO Position Trimmed by Grantham Mayo Van Otterloo & Co. LLC

Grantham Mayo Van Otterloo & Co. LLC decreased its holdings in AGCO Corporation (NYSE:AGCO) by 9.4% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 277,907 shares of the industrial products company’s stock after selling 28,730 shares during the quarter. Grantham Mayo Van Otterloo & Co. LLC’s holdings in AGCO were worth $29,756,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in AGCO by 46.2% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 4,958 shares of the industrial products company’s stock worth $459,000 after buying an additional 1,567 shares during the period. Jones Financial Companies Lllp boosted its holdings in shares of AGCO by 29.7% in the first quarter. Jones Financial Companies Lllp now owns 650 shares of the industrial products company’s stock worth $61,000 after buying an additional 149 shares during the period. Goldman Sachs Group Inc. boosted its holdings in shares of AGCO by 39.6% in the first quarter. Goldman Sachs Group Inc. now owns 215,242 shares of the industrial products company’s stock worth $19,925,000 after buying an additional 61,009 shares during the period. Empowered Funds LLC boosted its holdings in shares of AGCO by 3.1% in the first quarter. Empowered Funds LLC now owns 5,876 shares of the industrial products company’s stock worth $544,000 after buying an additional 176 shares during the period. Finally, Geneos Wealth Management Inc. increased its position in shares of AGCO by 109.2% in the first quarter. Geneos Wealth Management Inc. now owns 364 shares of the industrial products company’s stock worth $34,000 after acquiring an additional 190 shares in the last quarter. Institutional investors own 78.80% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on AGCO. Wall Street Zen raised shares of AGCO from a “hold” rating to a “buy” rating in a research note on Saturday. JPMorgan Chase & Co. raised their target price on AGCO from $123.00 to $138.00 and gave the stock an “overweight” rating in a research report on Friday, February 6th. Citigroup lifted 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. UBS Group reissued a “neutral” rating and set a $127.00 price target on shares of AGCO in a research report on Friday, February 6th. Finally, Wells Fargo & Company set a $132.00 price objective on AGCO in a research note on Monday, February 9th. Three equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, AGCO presently has an average rating of “Hold” and an average target price of $122.73.

Insider Buying and Selling 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 shares were 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 directly owned 16,844 shares in the company, valued at approximately $2,308,301.76. The trade was a 12.01% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 16.90% of the company’s stock.

AGCO Stock Performance

AGCO opened at $123.83 on Monday. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.67 and a current ratio of 1.39. The company has a market cap of $8.97 billion, a PE ratio of 12.70, a price-to-earnings-growth ratio of 0.88 and a beta of 1.13. The stock has a 50-day moving average of $121.68 and a 200-day moving average of $112.52. AGCO Corporation has a 52-week low of $73.79 and a 52-week high of $143.78.

AGCO (NYSE:AGCO) last issued its quarterly earnings data on Thursday, February 5th. The industrial products company reported $2.17 earnings per share for the quarter, beating analysts’ consensus estimates of $1.85 by $0.32. AGCO had a return on equity of 9.39% and a net margin of 7.21%.The business had revenue of $2.92 billion for the quarter, compared to the consensus estimate of $2.67 billion. During the same period last year, the business earned $1.97 EPS. The firm’s revenue was up 1.1% compared to the same quarter last year. AGCO has set its FY 2026 guidance at 5.500-6.000 EPS. As a group, equities research analysts forecast that AGCO Corporation will post 4.2 earnings per share for the current fiscal year.

AGCO Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 16th. Stockholders of record on Friday, February 13th will be given a $0.29 dividend. The ex-dividend date of this dividend is Friday, February 13th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 0.9%. AGCO’s dividend payout ratio (DPR) is currently 11.90%.

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.