Illinois Municipal Retirement Fund Makes New $821,000 Investment in AGCO Corporation $AGCO

Illinois Municipal Retirement Fund acquired a new stake in shares of AGCO Corporation (NYSE:AGCO) during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 7,664 shares of the industrial products company’s stock, valued at approximately $821,000.

A number of other large investors have also modified their holdings of the company. KLP Kapitalforvaltning AS lifted its position in AGCO by 0.7% in the third quarter. KLP Kapitalforvaltning AS now owns 14,300 shares of the industrial products company’s stock worth $1,531,000 after purchasing an additional 100 shares during the period. Quantum Portfolio Management LLC raised its stake in shares of AGCO by 5.5% in the 2nd quarter. Quantum Portfolio Management LLC now owns 2,495 shares of the industrial products company’s stock valued at $257,000 after buying an additional 129 shares in the last quarter. GAMMA Investing LLC lifted its holdings in shares of AGCO by 8.7% during the 3rd quarter. GAMMA Investing LLC now owns 1,818 shares of the industrial products company’s stock worth $195,000 after acquiring an additional 146 shares during the period. Jones Financial Companies Lllp boosted its position in shares of AGCO by 29.7% during the 1st quarter. Jones Financial Companies Lllp now owns 650 shares of the industrial products company’s stock valued at $61,000 after acquiring an additional 149 shares in the last quarter. Finally, Sequoia Financial Advisors LLC increased its stake in AGCO by 3.9% in the third quarter. Sequoia Financial Advisors LLC now owns 4,141 shares of the industrial products company’s stock valued at $443,000 after acquiring an additional 156 shares during the period. 78.80% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have commented on AGCO shares. Weiss Ratings restated a “hold (c)” rating on shares of AGCO in a research note on Monday, December 22nd. Truist Financial upped their price target on AGCO from $134.00 to $152.00 and gave the company a “buy” rating in a research report on Monday, February 9th. Citigroup lifted their price objective on AGCO from $120.00 to $130.00 and gave the company a “neutral” rating in a report on Monday, February 9th. JPMorgan Chase & Co. upped their target price on shares of AGCO from $123.00 to $138.00 and gave the stock an “overweight” rating in a report on Friday, February 6th. Finally, BMO Capital Markets lifted their price target on shares of AGCO from $110.00 to $115.00 and gave the company a “market perform” rating in a report on Friday, February 6th. Three equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, AGCO has a consensus rating of “Hold” and an average target price of $122.73.

Insider Buying and Selling at AGCO

In related news, SVP Kelvin Eugene Bennett sold 2,300 shares of the business’s stock in a transaction that occurred on Tuesday, February 17th. The shares were sold at an average price of $137.04, for a total value of $315,192.00. Following the completion of the transaction, the senior vice president owned 16,844 shares in the company, valued at $2,308,301.76. The trade was a 12.01% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 16.60% of the stock is currently owned by corporate insiders.

AGCO Price Performance

Shares of AGCO stock opened at $138.35 on Friday. AGCO Corporation has a 52 week low of $73.79 and a 52 week high of $143.78. The stock has a market capitalization of $10.02 billion, a PE ratio of 14.19, a PEG ratio of 0.97 and a beta of 1.19. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.67 and a current ratio of 1.39. The stock’s fifty day moving average is $115.73 and its 200-day moving average is $110.91.

AGCO (NYSE:AGCO) last issued its quarterly earnings results on Thursday, February 5th. The industrial products company reported $2.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.85 by $0.32. AGCO had a net margin of 7.21% and a return on equity of 9.39%. The business had revenue of $2.92 billion for the quarter, compared to the consensus estimate of $2.67 billion. During the same quarter in the prior year, the company earned $1.97 EPS. The firm’s quarterly revenue was up 1.1% on a year-over-year basis. AGCO has set its FY 2026 guidance at 5.500-6.000 EPS. Equities research analysts expect that AGCO Corporation will post 4.2 EPS for the current fiscal year.

AGCO Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 16th. Stockholders of record on Friday, February 13th will be paid a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a dividend yield of 0.8%. The ex-dividend date of this dividend is Friday, February 13th. AGCO’s dividend payout ratio is 11.90%.

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.