Corient Private Wealth LLC Has $1.99 Million Holdings in AGCO Corporation $AGCO

Corient Private Wealth LLC raised its holdings in AGCO Corporation (NYSE:AGCO) by 68.2% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 19,045 shares of the industrial products company’s stock after buying an additional 7,719 shares during the period. Corient Private Wealth LLC’s holdings in AGCO were worth $1,987,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the business. EverSource Wealth Advisors LLC raised its stake in AGCO by 951.9% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 284 shares of the industrial products company’s stock valued at $29,000 after acquiring an additional 257 shares during the period. Advisory Services Network LLC bought a new position in AGCO during the third quarter worth $33,000. Geneos Wealth Management Inc. boosted its position in AGCO by 109.2% during the first quarter. Geneos Wealth Management Inc. now owns 364 shares of the industrial products company’s stock worth $34,000 after purchasing an additional 190 shares during the period. Torren Management LLC acquired a new position in shares of AGCO in the fourth quarter valued at $35,000. Finally, Allworth Financial LP increased its holdings in shares of AGCO by 64.3% in the third quarter. Allworth Financial LP now owns 396 shares of the industrial products company’s stock valued at $42,000 after purchasing an additional 155 shares during the last quarter. 78.80% of the stock is owned by institutional investors and hedge funds.

Insider Activity at AGCO

In other news, major shareholder & Farm Equipment Ltd Tractors sold 422,590 shares of AGCO stock in a transaction that occurred on Tuesday, May 5th. The shares were sold at an average price of $123.28, for a total value of $52,096,895.20. Following the completion of the sale, the insider directly owned 3,149,820 shares in the company, valued at approximately $388,309,809.60. The trade was a 11.83% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.62% of the company’s stock.

AGCO Trading Up 1.7%

Shares of AGCO stock opened at $119.30 on Tuesday. The firm has a 50-day moving average of $115.55 and a 200-day moving average of $117.20. The stock has a market cap of $8.64 billion, a PE ratio of 11.50, a PEG ratio of 0.79 and a beta of 1.08. AGCO Corporation has a 52-week low of $99.21 and a 52-week high of $143.78. 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 (NYSE:AGCO) last released its quarterly earnings results on Tuesday, May 5th. The industrial products company reported $0.94 EPS for the quarter, topping analysts’ consensus estimates of $0.44 by $0.50. AGCO had a net margin of 7.43% and a return on equity of 9.99%. The business had revenue of $2.34 billion for the quarter, compared to analyst estimates of $2.26 billion. During the same period last year, the firm earned $0.41 earnings per share. AGCO’s revenue for the quarter was up 14.3% compared to the same quarter last year. AGCO has set its FY 2026 guidance at 6.000-6.000 EPS. As a group, sell-side analysts forecast that AGCO Corporation will post 5.99 EPS for the current year.

AGCO Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Friday, May 15th were issued a dividend of $0.30 per share. This is a boost from AGCO’s previous quarterly dividend of $0.29. This represents a $1.20 annualized dividend and a dividend yield of 1.0%. The ex-dividend date of this dividend was Friday, May 15th. AGCO’s payout ratio is 11.57%.

Wall Street Analyst Weigh In

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