Crossmark Global Holdings Inc. Acquires 39,355 Shares of AGCO Corporation $AGCO

Crossmark Global Holdings Inc. boosted its holdings in shares of AGCO Corporation (NYSE:AGCO) by 1,048.3% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 43,109 shares of the industrial products company’s stock after purchasing an additional 39,355 shares during the quarter. Crossmark Global Holdings Inc. owned about 0.06% of AGCO worth $4,616,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Jupiter Asset Management Ltd. grew its position in AGCO by 520.4% in the third quarter. Jupiter Asset Management Ltd. now owns 35,801 shares of the industrial products company’s stock worth $3,833,000 after acquiring an additional 30,030 shares in the last quarter. Allspring Global Investments Holdings LLC purchased a new stake in AGCO during the third quarter valued at approximately $1,126,000. Neo Ivy Capital Management bought a new stake in shares of AGCO in the 2nd quarter valued at approximately $817,000. Eisler Capital Management Ltd. bought a new stake in shares of AGCO in the 2nd quarter valued at approximately $15,979,000. Finally, Level Four Advisory Services LLC boosted its holdings in shares of AGCO by 3.0% in the 2nd quarter. Level Four Advisory Services LLC now owns 81,011 shares of the industrial products company’s stock worth $8,357,000 after purchasing an additional 2,391 shares during the period. Institutional investors own 78.80% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. Barclays boosted their target price on AGCO from $93.00 to $105.00 and gave the company an “underweight” rating in a research report on Friday, February 6th. Robert W. Baird set a $128.00 price objective on shares of AGCO in a research note on Friday, February 6th. Truist Financial boosted their price objective on shares of AGCO from $134.00 to $152.00 and gave the company a “buy” rating in a research report on Monday, February 9th. JPMorgan Chase & Co. increased their target price on shares of AGCO from $123.00 to $138.00 and gave the company an “overweight” rating in a research note on Friday, February 6th. Finally, Wells Fargo & Company set a $132.00 target price on shares of AGCO in a report on Monday, February 9th. Three equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, AGCO presently has a consensus rating of “Hold” and a consensus price target of $122.73.

Insider Buying and Selling

In other news, SVP Kelvin Eugene Bennett sold 2,300 shares of the company’s stock in a transaction on Tuesday, February 17th. The shares were sold at an average price of $137.04, for a total value of $315,192.00. Following the sale, the senior vice president directly owned 16,844 shares of the company’s stock, valued at $2,308,301.76. This represents a 12.01% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 16.60% of the stock is currently owned by corporate insiders.

AGCO Trading Down 2.9%

Shares of NYSE AGCO opened at $123.83 on Friday. AGCO Corporation has a fifty-two week low of $73.79 and a fifty-two week high of $143.78. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.67 and a current ratio of 1.39. The company has a market cap of $8.97 billion, a price-to-earnings ratio of 12.70, a PEG ratio of 0.91 and a beta of 1.13. The business’s 50 day moving average price is $121.68 and its 200-day moving average price is $112.52.

AGCO (NYSE:AGCO) last posted its quarterly earnings data on Thursday, February 5th. The industrial products company reported $2.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.85 by $0.32. The company had revenue of $2.92 billion during the quarter, compared to analysts’ expectations of $2.67 billion. AGCO had a return on equity of 9.39% and a net margin of 7.21%.AGCO’s revenue was up 1.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.97 EPS. AGCO has set its FY 2026 guidance at 5.500-6.000 EPS. On average, sell-side analysts expect that AGCO Corporation will post 4.2 earnings per share for the current year.

AGCO Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 16th. Shareholders of record on Friday, February 13th will be given a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend is Friday, February 13th. AGCO’s payout ratio is currently 11.90%.

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.