AGCO Corporation $AGCO Shares Purchased by California State Teachers Retirement System

California State Teachers Retirement System increased its stake in AGCO Corporation (NYSE:AGCO) by 23.5% in the first quarter, Holdings Channel reports. The firm owned 73,535 shares of the industrial products company’s stock after purchasing an additional 13,977 shares during the period. California State Teachers Retirement System’s holdings in AGCO were worth $8,520,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently bought and sold shares of AGCO. The Manufacturers Life Insurance Company raised its holdings in shares of AGCO by 27.0% in the first quarter. The Manufacturers Life Insurance Company now owns 126,234 shares of the industrial products company’s stock worth $14,626,000 after buying an additional 26,862 shares during the last quarter. Massachusetts Financial Services Co. MA grew its holdings in shares of AGCO by 3.5% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 2,939,113 shares of the industrial products company’s stock valued at $306,608,000 after buying an additional 98,988 shares during the last quarter. Davis Selected Advisers increased its position in shares of 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 period. Swedbank AB increased its position in shares of AGCO by 110.2% in the 4th quarter. Swedbank AB now owns 179,617 shares of the industrial products company’s stock valued at $18,738,000 after acquiring an additional 94,183 shares during the period. Finally, Y Intercept Hong Kong Ltd purchased a new position in AGCO in the 1st quarter worth $5,700,000. Hedge funds and other institutional investors own 78.80% of the company’s stock.

Key AGCO News

Here are the key news stories impacting AGCO this week:

• Positive Sentiment: Industry demand remains a potential tailwind. Zacks said farm-equipment manufacturers, including AGCO, could benefit from the need to increase agricultural productivity to feed a growing global population. 5 Farm Equipment Stocks to Watch as Industry Shows Promise
• Positive Sentiment: AGCO appointed Indira Agarwal as chief financial officer and Damon Audia as president of PTx and corporate strategy. The restructuring is intended to accelerate growth in precision agriculture and could improve execution in the company’s technology business. AGCO Aligns Leadership to Advance PTx Growth Strategy
• Neutral Sentiment: Analyst sentiment is divided. UBS lowered its target from $123 to $114 but maintained a Neutral rating, while Truist reiterated its Buy rating. The broader analyst consensus remains Hold, suggesting limited conviction despite potential upside from current levels. UBS AGCO Analyst Update
• Negative Sentiment: Morgan Stanley cut its target from $110 to $99 and moved to Underweight, implying downside from the current trading level. Wells Fargo also reduced its target to $117, reinforcing concerns about AGCO’s near-term earnings and agricultural-equipment cycle. Morgan Stanley and Wells Fargo AGCO Analyst Updates
• Negative Sentiment: Levi & Korsinsky announced an investigation into AGCO, creating potential legal and reputational risk. The notice follows scrutiny of the company’s operating performance, although AGCO reported that adjusted operating margin more than doubled year over year. AGCO Corporation Investigation Notice

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on AGCO shares. Morgan Stanley dropped their target price on AGCO from $110.00 to $99.00 and set an “underweight” rating on the stock in a research report on Tuesday. Oppenheimer reduced their target price on shares of AGCO from $134.00 to $127.00 and set an “outperform” rating for the company in a report on Friday. Truist Financial restated 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. Wall Street Zen lowered shares of AGCO from a “buy” rating to a “hold” rating in a report on Saturday. Finally, Wells Fargo & Company cut their price target on AGCO from $132.00 to $117.00 and set an “equal weight” rating on the stock in a research report on Friday, July 31st. Four investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $120.33.

AGCO Trading Up 3.0%

Shares of AGCO stock opened at $107.05 on Wednesday. The firm has a 50-day simple moving average of $114.59 and a two-hundred day simple moving average of $118.49. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.58 and a current ratio of 1.32. AGCO Corporation has a fifty-two week low of $99.21 and a fifty-two week high of $143.78. The company has a market cap of $7.50 billion, a P/E ratio of 14.81, a price-to-earnings-growth ratio of 0.85 and a beta of 1.08.

AGCO (NYSE:AGCO) last posted its earnings results on Thursday, July 30th. The industrial products company reported $1.43 EPS for the quarter, missing analysts’ consensus estimates of $1.46 by ($0.03). AGCO had a net margin of 5.15% and a return on equity of 10.09%. The business had revenue of $2.61 billion for the quarter, compared to analyst estimates of $2.75 billion. During the same quarter last year, the business earned $1.35 earnings per share. AGCO’s revenue was down 1.0% on a year-over-year basis. AGCO has set its FY 2026 guidance at 5.500-5.750 EPS. As a group, equities analysts predict that AGCO Corporation will post 5.63 earnings per share for the current fiscal year.

AGCO Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Investors 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 dividend on an annualized basis and a yield of 1.1%. AGCO’s dividend payout ratio (DPR) is currently 16.60%.

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.