California Public Employees Retirement System Has $15.28 Million Holdings in AGCO Corporation $AGCO

California Public Employees Retirement System boosted its stake in AGCO Corporation (NYSE:AGCO) by 4.7% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 131,874 shares of the industrial products company’s stock after buying an additional 5,876 shares during the quarter. California Public Employees Retirement System owned approximately 0.18% of AGCO worth $15,280,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of AGCO. Dimensional Fund Advisors LP raised its position in AGCO by 2.1% in 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. Massachusetts Financial Services Co. MA lifted its stake in shares of AGCO by 3.5% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 2,939,113 shares of the industrial products company’s stock valued at $306,608,000 after acquiring an additional 98,988 shares during the period. Capital World Investors boosted its stake in shares of AGCO by 309.0% in the 4th quarter. Capital World Investors now owns 2,403,349 shares of the industrial products company’s stock valued at $250,717,000 after purchasing an additional 1,815,741 shares during the last quarter. Invesco Ltd. boosted its stake in AGCO by 15.1% in the fourth quarter. Invesco Ltd. now owns 2,401,288 shares of the industrial products company’s stock valued at $250,502,000 after acquiring an additional 314,355 shares during the last quarter. Finally, Davis Selected Advisers boosted its position 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 during the last quarter. 78.80% of the stock is currently owned by institutional investors.

Insider Buying and Selling at AGCO

In other AGCO news, major shareholder & Farm Equipment Ltd Tractors sold 422,590 shares of the stock in a transaction dated Tuesday, May 5th. The stock was sold at an average price of $123.28, for a total transaction 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. This trade represents a 11.83% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 0.62% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. Truist Financial lifted their price target on shares of AGCO from $152.00 to $159.00 and gave the company a “buy” rating in a research note on Thursday, July 2nd. Weiss Ratings lowered shares of AGCO from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, May 27th. DA Davidson initiated coverage on shares of AGCO in a research note on Friday, July 10th. They set a “buy” rating and a $160.00 price target for the company. Oppenheimer set a $134.00 price objective on AGCO in a report on Wednesday, May 6th. Finally, Morgan Stanley raised their price target on AGCO from $108.00 to $110.00 and gave the company an “underweight” rating in a research note on Friday, July 17th. Four research analysts have rated the stock with a Buy rating, six have given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, AGCO currently has a consensus rating of “Hold” and a consensus price target of $129.64.

AGCO Price Performance

Shares of NYSE AGCO opened at $117.27 on Friday. AGCO Corporation has a fifty-two week low of $99.21 and a fifty-two week high of $143.78. The business has a fifty day moving average price of $114.67 and a two-hundred day moving average price of $118.36. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.29 and a quick ratio of 0.57. The stock has a market capitalization of $8.49 billion, a PE ratio of 11.31, a P/E/G ratio of 0.88 and a beta of 1.07.

AGCO (NYSE:AGCO) last issued its earnings results on Tuesday, May 5th. The industrial products company reported $0.94 earnings per share for the quarter, beating analysts’ consensus estimates of $0.44 by $0.50. AGCO had a return on equity of 9.99% and a net margin of 7.43%.The firm had revenue of $2.34 billion for the quarter, compared to the consensus estimate of $2.26 billion. During the same quarter last year, the business posted $0.41 EPS. The company’s revenue 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, equities analysts predict that AGCO Corporation will post 6.15 earnings per share for the current fiscal year.

AGCO Announces Dividend

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

AGCO Profile

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.