AGCO Corporation $AGCO Shares Sold by Principal Financial Group Inc.

Principal Financial Group Inc. lessened its stake in AGCO Corporation (NYSE:AGCO) by 15.6% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 605,073 shares of the industrial products company’s stock after selling 112,116 shares during the period. Principal Financial Group Inc.’s holdings in AGCO were worth $70,110,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in AGCO. Dimensional Fund Advisors LP boosted its stake in AGCO by 2.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 3,535,740 shares of the industrial products company’s stock valued at $368,849,000 after acquiring an additional 73,880 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in AGCO by 3.5% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 2,939,113 shares of the industrial products company’s stock worth $306,608,000 after buying an additional 98,988 shares during the last quarter. Capital World Investors grew its position in shares of AGCO by 309.0% in 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 in the last quarter. Invesco Ltd. raised its position in shares of AGCO by 15.1% during 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 in the last quarter. Finally, Davis Selected Advisers lifted its stake in AGCO by 13.0% during the fourth quarter. Davis Selected Advisers now owns 2,048,835 shares of the industrial products company’s stock worth $213,736,000 after purchasing an additional 235,913 shares during the last quarter. 78.80% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

AGCO has been the subject of several recent research reports. JPMorgan Chase & Co. lowered their target price on shares of AGCO from $143.00 to $130.00 and set an “overweight” rating for the company in a research note on Monday. Weiss Ratings lowered shares of AGCO from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, May 27th. Truist Financial increased their price objective on shares of AGCO from $152.00 to $159.00 and gave the stock a “buy” rating in a research note on Thursday, July 2nd. Morgan Stanley reissued an “underweight” rating and issued a $108.00 target price on shares of AGCO in a report on Thursday, May 14th. Finally, Oppenheimer set a $134.00 target price on AGCO in a research note on Wednesday, May 6th. Four research analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $129.45.

AGCO Stock Performance

AGCO opened at $115.34 on Friday. The business’s 50 day moving average is $114.92 and its 200-day moving average is $118.01. The stock has a market cap of $8.35 billion, a PE ratio of 11.12, a price-to-earnings-growth ratio of 0.76 and a beta of 1.07. The company has a current ratio of 1.29, a quick ratio of 0.57 and a debt-to-equity ratio of 0.47. AGCO Corporation has a twelve month low of $99.21 and a twelve month high of $143.78.

AGCO (NYSE:AGCO) last issued its quarterly earnings data on Tuesday, May 5th. The industrial products company reported $0.94 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.44 by $0.50. AGCO had a return on equity of 9.99% and a net margin of 7.43%.The business had revenue of $2.34 billion during the quarter, compared to analyst estimates of $2.26 billion. During the same period in the prior year, the company posted $0.41 EPS. The business’s revenue for the quarter was up 14.3% compared to the same quarter last year. AGCO has set its FY 2026 guidance at 6.000-6.000 EPS. On average, analysts predict that AGCO Corporation will post 6.07 earnings per share for the current year.

AGCO Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Friday, August 14th will be paid a $0.30 dividend. The ex-dividend date of this dividend is Friday, August 14th. This represents a $1.20 annualized dividend and a dividend yield of 1.0%. AGCO’s dividend payout ratio is presently 11.57%.

Insider Activity at AGCO

In related news, major shareholder & Farm Equipment Ltd Tractors sold 422,590 shares of AGCO stock in a transaction dated Tuesday, May 5th. The shares were sold at an average price of $123.28, for a total transaction of $52,096,895.20. Following the sale, the insider directly owned 3,149,820 shares in the company, valued at $388,309,809.60. The trade was a 11.83% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.62% of the company’s stock.

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.