Legal & General Group Plc Buys New Shares in AGCO Corporation $AGCO

Legal & General Group Plc purchased a new position in AGCO Corporation (NYSE:AGCO) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 91,724 shares of the industrial products company’s stock, valued at approximately $10,979,000.

Several other institutional investors also recently modified their holdings of AGCO. Northwestern Mutual Wealth Management Co. acquired a new stake in shares of AGCO during the 2nd quarter valued at $29,000. EverSource Wealth Advisors LLC grew its holdings in shares of AGCO by 951.9% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 284 shares of the industrial products company’s stock worth $29,000 after acquiring an additional 257 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in shares of AGCO in the 2nd quarter worth $35,000. Elevation Wealth Partners LLC raised its position in shares of AGCO by 400.0% during the second quarter. Elevation Wealth Partners LLC now owns 290 shares of the industrial products company’s stock worth $35,000 after purchasing an additional 232 shares during the period. Finally, Trust Co. of Vermont acquired a new stake in shares of AGCO during the second quarter worth $36,000. Institutional investors own 78.80% of the company’s stock.

Wall Street Analyst Weigh In

AGCO has been the topic of several recent analyst reports. Oppenheimer cut their price objective on AGCO from $134.00 to $127.00 and set an “outperform” rating on the stock in a report on Friday, July 31st. Citigroup cut their target price on shares of AGCO from $125.00 to $115.00 and set a “neutral” rating for the company in a research report on Monday, August 3rd. Sanford C. Bernstein reissued a “market perform” rating and set a $108.00 target price on shares of AGCO in a research note on Friday, July 31st. Truist Financial restated a “buy” rating and set a $135.00 price target (down from $159.00) on shares of AGCO in a report on Friday, July 31st. Finally, Wall Street Zen downgraded shares of AGCO from a “buy” rating to a “hold” rating in a research note on Saturday, August 1st. Five research analysts have rated the stock with a Buy rating, six have issued a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $122.17.

AGCO Price Performance

Shares of NYSE:AGCO opened at $118.53 on Tuesday. AGCO Corporation has a fifty-two week low of $98.22 and a fifty-two week high of $143.78. The business has a 50-day moving average of $111.15 and a two-hundred day moving average of $116.82. The stock has a market capitalization of $8.30 billion, a P/E ratio of 16.39, a P/E/G ratio of 0.94 and a beta of 1.08. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.32 and a quick ratio of 0.58.

AGCO (NYSE:AGCO) last issued its quarterly earnings data on Thursday, July 30th. The industrial products company reported $1.43 EPS for the quarter, missing analysts’ consensus estimates of $1.46 by ($0.03). AGCO had a net margin of 5.15% and a return on equity of 10.09%. The company had revenue of $2.61 billion for the quarter, compared to analyst estimates of $2.75 billion. During the same period in the prior year, the company posted $1.35 EPS. The business’s revenue was down 1.0% on a year-over-year basis. AGCO has set its FY 2026 guidance at 5.500-5.750 EPS. On average, equities research analysts predict that AGCO Corporation will post 5.54 EPS for the current fiscal year.

AGCO Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Friday, August 14th will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is Friday, August 14th. This represents a $1.20 dividend on an annualized basis and a yield of 1.0%. AGCO’s dividend payout ratio is presently 16.60%.

Insider Activity at AGCO

In other news, Director Lange Bob De acquired 1,000 shares of AGCO stock in a transaction dated Friday, August 14th. The stock was acquired at an average cost of $100.71 per share, for a total transaction of $100,710.00. Following the completion of the purchase, 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 acquisition was disclosed in a filing with the SEC, which is accessible through this link. Also, major shareholder & Farm Equipment Ltd Tractors sold 492,418 shares of the company’s stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $115.33, for a total transaction of $56,790,567.94. Following the sale, the insider directly owned 3,017,565 shares of the company’s stock, valued at approximately $348,015,771.45. This represents a 14.03% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.62% of the company’s stock.

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.