Public Employees Retirement System of Ohio Buys New Shares in AGCO Corporation $AGCO

Public Employees Retirement System of Ohio purchased a new position in shares of AGCO Corporation (NYSE:AGCO) in the second quarter, HoldingsChannel.com reports. The firm purchased 18,515 shares of the industrial products company’s stock, valued at approximately $2,216,000.

Several other hedge funds have also recently made changes to their positions in AGCO. Capstone Investment Advisors LLC acquired a new position in shares of AGCO in the 2nd quarter valued at about $1,589,000. Corient Private Wealth LP bought a new position in shares of AGCO during the 2nd quarter worth approximately $12,268,000. Bank of America Corp DE bought a new position in shares of AGCO during the 2nd quarter worth approximately $62,281,000. Freestone Grove Partners LP acquired a new stake in shares of AGCO during the 2nd quarter worth approximately $17,628,000. Finally, Man Group plc acquired a new stake in shares of AGCO during the 2nd quarter worth approximately $2,591,000. 78.80% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on AGCO shares. Sanford C. Bernstein reiterated a “market perform” rating and set a $108.00 target price on shares of AGCO in a research report on Friday, July 31st. JPMorgan Chase & Co. reduced their price target on shares of AGCO from $143.00 to $130.00 and set an “overweight” rating for the company in a report on Monday, July 13th. Weiss Ratings downgraded shares of AGCO from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday, July 31st. UBS Group dropped their price objective on shares of AGCO from $123.00 to $114.00 and set a “neutral” rating on the stock in a report on Tuesday, August 4th. Finally, Citigroup cut their price objective on shares of AGCO from $125.00 to $115.00 and set a “neutral” rating on the stock in a research report on Monday, August 3rd. Five investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $122.17.

Insiders Place Their Bets

In other news, major shareholder & Farm Equipment Ltd Tractors sold 492,418 shares of AGCO 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 completion of the transaction, the insider directly owned 3,017,565 shares in the company, valued at $348,015,771.45. This trade represents a 14.03% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Lange De bought 1,000 shares of the firm’s stock in a transaction dated Friday, August 14th. The shares were acquired at an average cost of $100.71 per share, with a total value of $100,710.00. Following the completion of the transaction, the director owned 18,717 shares of the company’s stock, valued at $1,884,989.07. This represents a 5.64% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. 0.62% of the stock is currently owned by company insiders.

AGCO Trading Up 0.3%

NYSE AGCO opened at $133.76 on Monday. The company has a quick ratio of 0.58, a current ratio of 1.32 and a debt-to-equity ratio of 0.53. AGCO Corporation has a 52 week low of $98.22 and a 52 week high of $143.78. The business has a 50 day moving average price of $112.07 and a 200-day moving average price of $116.47. The company has a market cap of $9.37 billion, a price-to-earnings ratio of 18.50, a P/E/G ratio of 1.11 and a beta of 1.10.

AGCO (NYSE:AGCO) last issued its 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). AGCO had a return on equity of 10.09% and a net margin of 5.15%.The firm had revenue of $2.61 billion during the quarter, compared to the consensus estimate of $2.75 billion. During the same quarter in the prior year, the business earned $1.35 earnings per share. AGCO’s revenue for the quarter 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 expect that AGCO Corporation will post 5.54 earnings per share for the current fiscal year.

AGCO Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Friday, August 14th will be paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend is Friday, August 14th. AGCO’s dividend payout ratio (DPR) is 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.