California Public Employees Retirement System Raises Stock Holdings in AGCO Corporation $AGCO

California Public Employees Retirement System increased its stake in shares of AGCO Corporation (NYSE:AGCO) by 4.7% in the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 131,874 shares of the industrial products company’s stock after buying an additional 5,876 shares during the period. California Public Employees Retirement System’s holdings in AGCO were worth $15,280,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Capital World Investors lifted its holdings in AGCO by 309.0% during the 4th 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 in the last quarter. Norges Bank bought a new stake in AGCO during the fourth quarter valued at approximately $78,202,000. Invesco Ltd. lifted its holdings in shares of AGCO by 20.6% during the 3rd quarter. Invesco Ltd. now owns 2,086,933 shares of the industrial products company’s stock worth $223,448,000 after acquiring an additional 356,560 shares during the last quarter. Davis Selected Advisers boosted its holdings in shares of AGCO by 13.0% in the 4th quarter. Davis Selected Advisers now owns 2,048,835 shares of the industrial products company’s stock worth $213,736,000 after purchasing an additional 235,913 shares in the last quarter. Finally, Pacer Advisors Inc. boosted its stake in AGCO by 289.8% in the fourth quarter. Pacer Advisors Inc. now owns 274,814 shares of the industrial products company’s stock worth $28,669,000 after buying an additional 204,318 shares in the last quarter. 78.80% of the stock is currently owned by institutional investors.

AGCO Trading Down 0.0%

NYSE AGCO opened at $117.27 on Friday. The stock has a market cap of $8.49 billion, a P/E ratio of 11.31, a price-to-earnings-growth ratio of 0.88 and a beta of 1.07. AGCO Corporation has a fifty-two week low of $99.21 and a fifty-two week high of $143.78. The stock has a 50 day simple moving average of $114.67 and a two-hundred day simple moving average of $118.36. 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 announced its quarterly earnings results on Tuesday, May 5th. The industrial products company reported $0.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.44 by $0.50. AGCO had a net margin of 7.43% and a return on equity of 9.99%. The company had revenue of $2.34 billion for the quarter, compared to analysts’ expectations of $2.26 billion. During the same quarter in the previous year, the company earned $0.41 earnings per share. AGCO’s quarterly revenue was up 14.3% on a year-over-year basis. AGCO has set its FY 2026 guidance at 6.000-6.000 EPS. On average, analysts forecast that AGCO Corporation will post 6.15 earnings per share for the current year.

AGCO Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Friday, August 14th will be paid a dividend of $0.30 per share. The ex-dividend date is Friday, August 14th. This represents a $1.20 dividend on an annualized basis and a yield of 1.0%. AGCO’s payout ratio is presently 11.57%.

Analysts Set New Price Targets

A number of equities analysts recently commented on the stock. JPMorgan Chase & Co. decreased their target price on shares of AGCO from $143.00 to $130.00 and set an “overweight” rating on the stock in a research report on Monday, July 13th. Weiss Ratings cut AGCO from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, May 27th. UBS Group reiterated 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 AGCO in a research note on Wednesday, May 6th. Finally, DA Davidson began coverage on AGCO in a report on Friday, July 10th. They set a “buy” rating and a $160.00 target price for the company. Four research analysts have rated the stock with a Buy rating, six have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $129.64.

Insider Buying and Selling

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

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.