Tectonic Advisors LLC cut its holdings in shares of AGCO Corporation (NYSE:AGCO – Free Report) by 64.0% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 5,486 shares of the industrial products company’s stock after selling 9,769 shares during the quarter. Tectonic Advisors LLC’s holdings in AGCO were worth $627,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors also recently bought and sold shares of the company. Inspire Investing LLC boosted its holdings in shares of AGCO by 12.1% in the 3rd quarter. Inspire Investing LLC now owns 16,679 shares of the industrial products company’s stock valued at $1,905,000 after acquiring an additional 1,806 shares during the last quarter. Isthmus Partners LLC raised its holdings in shares of AGCO by 4.4% during the third quarter. Isthmus Partners LLC now owns 3,946 shares of the industrial products company’s stock worth $451,000 after purchasing an additional 168 shares during the last quarter. Root Financial Partners LLC purchased a new position in shares of AGCO during the third quarter worth $30,000. Reyes Financial Architecture Inc. purchased a new position in shares of AGCO during the third quarter worth $25,000. Finally, Shayne & Jacobs LLC lifted its position in AGCO by 48.5% during the third quarter. Shayne & Jacobs LLC now owns 32,430 shares of the industrial products company’s stock valued at $3,704,000 after purchasing an additional 10,590 shares during the period. 78.80% of the stock is owned by hedge funds and other institutional investors.
AGCO Trading Up 0.2%
AGCO stock opened at $106.43 on Friday. The firm has a market cap of $7.45 billion, a PE ratio of 14.72, a P/E/G ratio of 0.80 and a beta of 1.08. AGCO Corporation has a 12 month low of $98.22 and a 12 month high of $143.78. The stock’s 50 day simple moving average is $114.20 and its two-hundred day simple moving average is $114.31. The company has a current ratio of 1.32, a quick ratio of 0.58 and a debt-to-equity ratio of 0.53.
AGCO (NYSE:AGCO – Get Free Report) last posted its earnings results on Thursday, July 30th. The industrial products company reported $1.43 earnings per share for the quarter, missing the consensus estimate of $1.46 by ($0.03). The firm had revenue of $2.61 billion for the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same period last year, the firm earned $1.35 earnings per share. AGCO has set its FY 2026 guidance at 5.500-5.750 EPS. Analysts anticipate that AGCO Corporation will post 5.54 earnings per share for the current year.
AGCO Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 15th. Investors of record on Monday, November 16th will be given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 1.1%. The ex-dividend date is Monday, November 16th. AGCO’s dividend payout ratio (DPR) is currently 16.60%.
Insider Activity at AGCO
In other AGCO news, CEO Eric P. Hansotia sold 2,604 shares of the company’s stock in a transaction dated Friday, September 4th. The shares were sold at an average price of $129.75, for a total value of $337,869.00. Following the completion of the transaction, the chief executive officer owned 326,939 shares in the company, valued at approximately $42,420,335.25. This represents a 0.79% decrease in their ownership of the stock. The sale was disclosed in a legal 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 dated 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 completion of the transaction, the insider owned 3,017,565 shares of the company’s stock, valued at approximately $348,015,771.45. This trade represents a 14.03% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 497,622 shares of company stock valued at $57,461,807 in the last quarter. 0.62% of the stock is currently owned by insiders.
Key Stories Impacting AGCO
Here are the key news stories impacting AGCO this week:
- Positive Sentiment: AGCO is launching a pilot program with Agility Robotics to test the Digit humanoid robot at its Hesston, Kansas, facility. The robot is expected to perform repetitive factory-floor tasks, potentially improving productivity and positioning AGCO as an early adopter of industrial automation. Agility Robotics and AGCO Launch Pilot Program for Digit Humanoid Robots at Hesston Facility Humanoid robots head to the factory floor at AGCO
- Positive Sentiment: The board maintained AGCO’s regular quarterly dividend at $0.30 per share, payable December 15 to shareholders of record November 16. The $1.20 annualized payout provides continued income support and signals that management is preserving shareholder returns. AGCO Announces Quarterly Dividend
- Neutral Sentiment: Oppenheimer reduced its AGCO price target from $127 to $123 but retained an “outperform” rating. The lower target reflects more cautious expectations, while the rating still implies analysts see meaningful potential upside from recent trading levels. Oppenheimer lowers AGCO price target
- Negative Sentiment: Zacks expects AGCO’s upcoming third-quarter earnings to decline and says the company lacks the combination of factors typically associated with an earnings beat. This adds pressure ahead of results, particularly after the company’s latest quarter missed revenue and EPS expectations. Earnings Preview: AGCO Q3 Earnings Expected to Decline
Wall Street Analyst Weigh In
AGCO has been the topic of several recent research reports. UBS Group lowered their price target on shares of AGCO from $123.00 to $114.00 and set a “neutral” rating on the stock in a report on Tuesday, August 4th. DA Davidson reaffirmed a “buy” rating and set a $151.00 price target on shares of AGCO in a research report on Thursday, October 8th. Sanford C. Bernstein reiterated a “market perform” rating and set a $108.00 price objective on shares of AGCO in a research note on Friday, July 31st. Wall Street Zen cut AGCO from a “buy” rating to a “hold” rating in a report on Saturday, August 1st. Finally, Truist Financial boosted their price objective on AGCO from $135.00 to $146.00 and gave the company a “buy” rating in a report on Monday, October 5th. Five analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $122.92.
View Our Latest Stock Analysis on AGCO
AGCO Profile
AGCO Corporation (NYSE: AGCO) is a global manufacturer and distributor of agricultural equipment, technologies and related services. The company serves farmers, agricultural contractors and equipment dealers with products designed for planting, harvesting, crop protection, hay and forage production, and grain handling.
AGCO’s product portfolio includes tractors, combines, planters, seeding equipment, sprayers, hay and forage machinery, grain storage and handling systems, replacement parts, and precision agriculture solutions.
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