Oppenheimer Asset Management Inc. Invests $2.09 Million in AGCO Corporation $AGCO

Oppenheimer Asset Management Inc. bought a new position in shares of AGCO Corporation (NYSE:AGCO) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 17,483 shares of the industrial products company’s stock, valued at approximately $2,093,000.

Several other institutional investors also recently bought and sold shares of the stock. Dimensional Fund Advisors LP boosted its holdings in shares of 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 valued at $368,849,000 after purchasing an additional 73,880 shares during the last quarter. Capital World Investors increased its holdings in shares of AGCO by 309.0% in the fourth 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 during the last quarter. Invesco Ltd. increased its holdings in shares of AGCO by 15.1% in the fourth quarter. Invesco Ltd. now owns 2,401,288 shares of the industrial products company’s stock worth $250,502,000 after purchasing an additional 314,355 shares during the last quarter. Davis Selected Advisers lifted its position in shares of AGCO by 13.0% in the fourth quarter. Davis Selected Advisers now owns 2,048,835 shares of the industrial products company’s stock worth $213,736,000 after buying an additional 235,913 shares in the last quarter. Finally, Geode Capital Management LLC lifted its position in shares of AGCO by 1.4% in the fourth quarter. Geode Capital Management LLC now owns 1,133,874 shares of the industrial products company’s stock worth $118,312,000 after buying an additional 15,459 shares in the last quarter. 78.80% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on AGCO shares. JPMorgan Chase & Co. cut their price target on AGCO from $143.00 to $130.00 and set an “overweight” rating for the company in a report on Monday, July 13th. Wells Fargo & Company decreased their price objective on AGCO from $132.00 to $117.00 and set an “equal weight” rating on the stock in a report on Friday, July 31st. Sanford C. Bernstein reaffirmed a “market perform” rating and set a $108.00 price objective on shares of AGCO in a report on Friday, July 31st. Weiss Ratings downgraded AGCO from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday, July 31st. Finally, Truist Financial reissued a “buy” rating and issued a $135.00 target price (down from $159.00) on shares of AGCO in a report on Friday, July 31st. Four equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $120.33.

AGCO Trading Down 0.1%

Shares of NYSE AGCO opened at $101.27 on Monday. AGCO Corporation has a 1-year low of $98.70 and a 1-year high of $143.78. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.32 and a quick ratio of 0.58. The business’s 50 day moving average is $112.29 and its two-hundred day moving average is $117.87. The stock has a market capitalization of $7.09 billion, a P/E ratio of 14.01, a PEG ratio of 0.84 and a beta of 1.08.

AGCO (NYSE:AGCO) last posted its quarterly earnings data 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 company had revenue of $2.61 billion during 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 for the quarter was down 1.0% on a year-over-year basis. During the same period in the previous year, the business earned $1.35 earnings per share. AGCO has set its FY 2026 guidance at 5.500-5.750 EPS. As a group, research analysts expect that AGCO Corporation will post 5.58 EPS for the current year.

AGCO Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Friday, August 14th will be given a $0.30 dividend. The ex-dividend date is Friday, August 14th. This represents a $1.20 dividend on an annualized basis and a yield of 1.2%. AGCO’s dividend payout ratio (DPR) is currently 16.60%.

Insider Transactions at AGCO

In other AGCO news, major shareholder & Farm Equipment Ltd Tractors sold 492,418 shares of AGCO stock in a transaction on Wednesday, August 5th. The shares were sold at an average price of $115.33, for a total transaction of $56,790,567.94. Following the completion of the transaction, the insider directly owned 3,017,565 shares of the company’s stock, valued at $348,015,771.45. The trade was a 14.03% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.62% of the stock is currently owned by corporate insiders.

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.