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

Public Employees Retirement System of Ohio bought a new stake in AGCO Corporation (NYSE:AGCO) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 18,515 shares of the industrial products company’s stock, valued at approximately $2,216,000.

Several other institutional investors have also recently bought and sold shares of the business. BlackRock Inc. acquired a new stake in shares of AGCO in the 2nd quarter valued at approximately $701,908,000. Dimensional Fund Advisors LP increased its position in AGCO by 2.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 3,535,740 shares of the industrial products company’s stock worth $368,849,000 after purchasing an additional 73,880 shares in the last quarter. Capital World Investors increased its position in AGCO by 309.0% during the 4th quarter. Capital World Investors now owns 2,403,349 shares of the industrial products company’s stock worth $250,717,000 after purchasing an additional 1,815,741 shares in the last quarter. Invesco Ltd. lifted its stake in AGCO by 15.1% in the 4th quarter. Invesco Ltd. now owns 2,401,288 shares of the industrial products company’s stock valued at $250,502,000 after purchasing an additional 314,355 shares during the last quarter. Finally, Geode Capital Management LLC lifted its stake in AGCO by 1.4% in the 4th quarter. Geode Capital Management LLC now owns 1,133,874 shares of the industrial products company’s stock valued at $118,312,000 after purchasing an additional 15,459 shares during the last quarter. Institutional investors and hedge funds own 78.80% of the company’s stock.

Wall Street Analyst Weigh In

AGCO has been the topic of a number of research reports. Weiss Ratings cut shares of AGCO from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday, July 31st. Robert W. Baird upgraded AGCO from a “neutral” rating to an “outperform” rating and increased their price target for the company from $120.00 to $150.00 in a research note on Monday, August 31st. JPMorgan Chase & Co. cut their price objective on AGCO from $143.00 to $130.00 and set an “overweight” rating on the stock in a report on Monday, July 13th. Morgan Stanley reduced their price objective on AGCO from $110.00 to $99.00 and set an “underweight” rating on the stock in a research report on Tuesday, August 4th. Finally, Oppenheimer lowered their target price on AGCO from $134.00 to $127.00 and set an “outperform” rating for the company in a report on Friday, July 31st. Five analysts have rated the stock with a Buy rating, six have issued a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, AGCO presently has a consensus rating of “Hold” and an average target price of $122.17.

Insider Activity

In related news, Director Lange De purchased 1,000 shares of the firm’s stock in a transaction dated Friday, August 14th. The stock was bought at an average price of $100.71 per share, with a total value of $100,710.00. Following the completion of the purchase, the director owned 18,717 shares in the company, valued at approximately $1,884,989.07. This represents a 5.64% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Also, major shareholder & Farm Equipment Ltd Tractors sold 492,418 shares of the firm’s stock in a transaction dated Wednesday, August 5th. The stock was sold at an average price of $115.33, for a total value of $56,790,567.94. Following the transaction, the insider owned 3,017,565 shares of the company’s stock, valued at $348,015,771.45. This trade represents a 14.03% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.62% of the stock is currently owned by insiders.

AGCO Trading Up 0.3%

Shares of NYSE AGCO opened at $133.76 on Monday. 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 52-week low of $98.22 and a 52-week high of $143.78. The firm has a 50 day moving average price of $112.07 and a two-hundred day moving average price of $116.47. The stock has a market cap of $9.37 billion, a P/E ratio of 18.50, a price-to-earnings-growth ratio of 1.11 and a beta of 1.10.

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 the consensus estimate of $1.46 by ($0.03). The business had revenue of $2.61 billion for the quarter, compared to the consensus estimate 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 in the previous year, the business posted $1.35 EPS. AGCO has set its FY 2026 guidance at 5.500-5.750 EPS. As a group, equities analysts forecast that AGCO Corporation will post 5.54 EPS for the current year.

AGCO Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Friday, August 14th will be given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend is Friday, August 14th. AGCO’s dividend payout ratio (DPR) is currently 16.60%.

AGCO Company Profile

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.