Man Group plc Takes Position in AGCO Corporation $AGCO

Man Group plc purchased a new stake in AGCO Corporation (NYSE:AGCO) during the second quarter, Holdings Channel reports. The institutional investor purchased 21,642 shares of the industrial products company’s stock, valued at approximately $2,591,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in AGCO. Northwestern Mutual Wealth Management Co. purchased a new position in AGCO during the second quarter valued at $29,000. EverSource Wealth Advisors LLC increased its stake in shares of AGCO by 951.9% during the second quarter. EverSource Wealth Advisors LLC now owns 284 shares of the industrial products company’s stock worth $29,000 after purchasing an additional 257 shares in the last quarter. Advisory Services Network LLC purchased a new stake in shares of AGCO during the third quarter worth about $33,000. Geneos Wealth Management Inc. raised its position in shares of AGCO by 109.2% during the 1st quarter. Geneos Wealth Management Inc. now owns 364 shares of the industrial products company’s stock worth $34,000 after purchasing an additional 190 shares during the last quarter. Finally, Elevation Wealth Partners LLC lifted its stake in AGCO by 400.0% in the 2nd quarter. Elevation Wealth Partners LLC now owns 290 shares of the industrial products company’s stock valued at $35,000 after buying an additional 232 shares in the last quarter. Hedge funds and other institutional investors own 78.80% of the company’s stock.

Insider Transactions at AGCO

In other AGCO news, Director Lange Bob De purchased 1,000 shares of the company’s stock in a transaction on Friday, August 14th. The stock was acquired at an average price of $100.71 per share, for a total transaction of $100,710.00. Following the completion of the purchase, the director directly owned 18,717 shares in the company, valued at approximately $1,884,989.07. The trade was a 5.64% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder & Farm Equipment Ltd Tractors sold 492,418 shares of the stock in a transaction on Wednesday, August 5th. The shares were sold at an average price of $115.33, for a total value 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. The trade was a 14.03% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.62% of the stock is owned by corporate insiders.

AGCO Stock Performance

NYSE AGCO opened at $118.53 on Tuesday. The stock has a market cap of $8.30 billion, a PE ratio of 16.39, a P/E/G ratio of 0.94 and a beta of 1.08. 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 twelve month low of $98.22 and a twelve month high of $143.78. The stock has a fifty day simple moving average of $111.15 and a 200-day simple moving average of $116.82.

AGCO (NYSE:AGCO) last released 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 company had revenue of $2.61 billion during the quarter, compared to analysts’ expectations of $2.75 billion. AGCO had a net margin of 5.15% and a return on equity of 10.09%. AGCO’s revenue was down 1.0% on a year-over-year basis. During the same period last year, the firm posted $1.35 earnings per share. AGCO has set its FY 2026 guidance at 5.500-5.750 EPS. Equities analysts anticipate that AGCO Corporation will post 5.54 earnings per share for the current year.

AGCO Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Friday, August 14th will be issued a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 1.0%. The ex-dividend date is Friday, August 14th. AGCO’s payout ratio is currently 16.60%.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on AGCO shares. Sanford C. Bernstein reiterated a “market perform” rating and issued a $108.00 price objective on shares of AGCO in a report on Friday, July 31st. UBS Group decreased their target price on AGCO from $123.00 to $114.00 and set a “neutral” rating on the stock in a research report on Tuesday, August 4th. Wall Street Zen cut AGCO from a “buy” rating to a “hold” rating in a research report on Saturday, August 1st. Truist Financial restated a “buy” rating and issued a $135.00 price objective (down from $159.00) on shares of AGCO in a report on Friday, July 31st. Finally, Morgan Stanley reduced their target price on shares of AGCO from $110.00 to $99.00 and set an “underweight” rating for the company in a research report on Tuesday, August 4th. Five investment analysts have rated the stock with a Buy rating, six have given a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $122.17.

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.