Royal London Asset Management Ltd. Cuts Stock Holdings in AGCO Corporation $AGCO

Royal London Asset Management Ltd. lowered its position in AGCO Corporation (NYSE:AGCO) by 3.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,343,230 shares of the industrial products company’s stock after selling 49,261 shares during the period. Royal London Asset Management Ltd.’s holdings in AGCO were worth $140,126,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Signaturefd LLC lifted its holdings in shares of AGCO by 30.1% during the 4th quarter. Signaturefd LLC now owns 506 shares of the industrial products company’s stock worth $53,000 after acquiring an additional 117 shares during the last quarter. Choreo LLC increased its stake in AGCO by 2.0% in the fourth quarter. Choreo LLC now owns 6,533 shares of the industrial products company’s stock valued at $684,000 after acquiring an additional 128 shares during the last quarter. Gateway Investment Advisers LLC raised its position in AGCO by 6.1% during the fourth quarter. Gateway Investment Advisers LLC now owns 2,367 shares of the industrial products company’s stock valued at $247,000 after purchasing an additional 137 shares in the last quarter. Union Bancaire Privee UBP SA raised its position in AGCO by 1.7% during the fourth quarter. Union Bancaire Privee UBP SA now owns 8,694 shares of the industrial products company’s stock valued at $907,000 after purchasing an additional 146 shares in the last quarter. Finally, Jones Financial Companies Lllp lifted its stake in AGCO by 29.7% during the first quarter. Jones Financial Companies Lllp now owns 650 shares of the industrial products company’s stock worth $61,000 after purchasing an additional 149 shares during the last quarter. 78.80% of the stock is owned by institutional investors.

AGCO Price Performance

Shares of AGCO stock opened at $112.48 on Friday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.57 and a current ratio of 1.29. AGCO Corporation has a fifty-two week low of $98.60 and a fifty-two week high of $143.78. The firm has a market cap of $8.14 billion, a P/E ratio of 10.85, a P/E/G ratio of 0.75 and a beta of 1.08. The business’s 50 day moving average price is $116.25 and its 200-day moving average price is $116.45.

AGCO (NYSE:AGCO) last announced its earnings results on Tuesday, May 5th. The industrial products company reported $0.94 EPS for the quarter, beating analysts’ consensus estimates of $0.44 by $0.50. The company had revenue of $2.34 billion during the quarter, compared to the consensus estimate of $2.26 billion. AGCO had a return on equity of 9.99% and a net margin of 7.43%.The firm’s revenue for the quarter was up 14.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.41 earnings per share. AGCO has set its FY 2026 guidance at 6.000-6.000 EPS. On average, equities research analysts anticipate that AGCO Corporation will post 5.99 earnings per share for the current year.

AGCO Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Friday, May 15th will be given a $0.30 dividend. The ex-dividend date of this dividend is Friday, May 15th. This represents a $1.20 annualized dividend and a dividend yield of 1.1%. This is a positive change from AGCO’s previous quarterly dividend of $0.29. AGCO’s dividend payout ratio is 11.57%.

Insider Buying and Selling at AGCO

In other news, major shareholder & Farm Equipment Ltd Tractors sold 422,590 shares of AGCO stock in a transaction dated Tuesday, May 5th. The shares were sold at an average price of $123.28, for a total transaction of $52,096,895.20. Following the sale, the insider owned 3,149,820 shares of the company’s stock, valued at approximately $388,309,809.60. The trade was a 11.83% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.62% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. Weiss Ratings lowered AGCO from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, May 27th. Morgan Stanley reissued an “underweight” rating and set a $108.00 price target on shares of AGCO in a research note on Thursday, May 14th. UBS Group restated a “neutral” rating and issued a $123.00 price objective on shares of AGCO in a report on Sunday, May 10th. Oppenheimer set a $134.00 target price on shares of AGCO in a report on Wednesday, May 6th. Finally, Wall Street Zen upgraded shares of AGCO from a “hold” rating to a “buy” rating in a research report on Saturday, March 7th. Three analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, AGCO currently has an average rating of “Hold” and an average price target of $126.50.

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.