Advisor Partners LLC purchased a new stake in shares of AGCO Corporation (NYSE:AGCO) during the second quarter, Holdings Channel reports. The firm purchased 3,144 shares of the industrial products company’s stock, valued at approximately $212,000.

Several other institutional investors have also recently made changes to their positions in AGCO. Wells Fargo & Company MN raised its position in shares of AGCO Corporation by 1.6% in the first quarter. Wells Fargo & Company MN now owns 33,326 shares of the industrial products company’s stock valued at $2,006,000 after buying an additional 527 shares during the period. Russell Investments Group Ltd. raised its position in shares of AGCO Corporation by 15.7% in the first quarter. Russell Investments Group Ltd. now owns 248,647 shares of the industrial products company’s stock worth $14,965,000 after buying an additional 33,779 shares during the last quarter. Janney Montgomery Scott LLC bought a new position in shares of AGCO Corporation during the first quarter worth $378,000. Korea Investment CORP bought a new position in shares of AGCO Corporation during the first quarter worth $3,292,000. Finally, Nationwide Fund Advisors raised its position in shares of AGCO Corporation by 2.3% in the first quarter. Nationwide Fund Advisors now owns 131,444 shares of the industrial products company’s stock worth $7,910,000 after buying an additional 3,011 shares during the last quarter. 84.62% of the stock is owned by institutional investors.

AGCO Corporation (NYSE:AGCO) opened at 68.82 on Friday. AGCO Corporation has a 1-year low of $46.22 and a 1-year high of $73.97. The stock’s 50 day moving average is $70.13 and its 200-day moving average is $64.58. The firm has a market capitalization of $5.47 billion, a P/E ratio of 30.09 and a beta of 0.86.

AGCO Corporation (NYSE:AGCO) last issued its quarterly earnings data on Thursday, July 27th. The industrial products company reported $1.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.04 by $0.11. The firm had revenue of $2.17 billion during the quarter, compared to analysts’ expectations of $2.08 billion. AGCO Corporation had a net margin of 2.40% and a return on equity of 6.84%. The business’s revenue was up 8.5% on a year-over-year basis. During the same period last year, the company earned $1.25 earnings per share. Analysts forecast that AGCO Corporation will post $3.05 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Tuesday, August 15th will be issued a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.81%. The ex-dividend date is Friday, August 11th. AGCO Corporation’s dividend payout ratio is currently 24.56%.

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A number of equities analysts recently weighed in on the stock. BidaskClub lowered shares of AGCO Corporation from a “buy” rating to a “hold” rating in a research note on Wednesday. Piper Jaffray Companies set a $66.00 target price on shares of AGCO Corporation and gave the stock a “hold” rating in a research note on Wednesday. UBS AG reaffirmed a “neutral” rating and issued a $73.00 target price (up from $68.00) on shares of AGCO Corporation in a research note on Monday, July 31st. BMO Capital Markets upped their target price on shares of AGCO Corporation from $70.00 to $75.00 and gave the stock a “market perform” rating in a research note on Tuesday, August 1st. Finally, TheStreet raised shares of AGCO Corporation from a “c+” rating to a “b+” rating in a research note on Thursday, July 27th. One research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and five have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $64.80.

In other news, CFO Andrew H. Beck sold 10,000 shares of AGCO Corporation stock in a transaction dated Friday, August 4th. The shares were sold at an average price of $72.18, for a total transaction of $721,800.00. Following the completion of the transaction, the chief financial officer now directly owns 142,079 shares in the company, valued at $10,255,262.22. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Robert B. Crain sold 15,000 shares of AGCO Corporation stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $71.78, for a total transaction of $1,076,700.00. Following the transaction, the senior vice president now owns 89,322 shares of the company’s stock, valued at $6,411,533.16. The disclosure for this sale can be found here. Insiders have sold 26,000 shares of company stock valued at $1,871,500 over the last quarter. Corporate insiders own 16.60% of the company’s stock.

About AGCO Corporation

AGCO Corporation is a manufacturer and distributor of agricultural equipment and related replacement parts. The Company sells a range of agricultural equipment, including tractors, combines, self-propelled sprayers, hay tools, forage equipment, seeding and tillage equipment, implements, and grain storage and protein production systems.

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Institutional Ownership by Quarter for AGCO Corporation (NYSE:AGCO)

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