Royal London Asset Management 13F: Cuts AGCO Stake by $18M

Royal London Asset Management has trimmed its stake in AGCO Corporation (NYSE: AGCO) by 149,222 shares, a reduction of about 11%. This leaves the fund with 1,194,008 shares, valued at approximately $132.57 million as of its latest SEC filing on May 1, 2026.

What Changed in Royal London Asset Management's AGCO Corporation Position

The asset management firm reduced its holdings in AGCO Corporation from 1,343,230 to 1,194,008 shares, a decrease of 149,222 shares. This 11% reduction in shares reflects a strategic move, with the remaining position valued at $132.57 million.

Other Institutional Activity in AGCO Corporation

Other major players have also adjusted their positions in AGCO. BlackRock, Inc. increased its holdings by 35,047 shares to a total of 5,804,530 shares, worth about $672.57 million. Price T Rowe Associates added 78,454 shares, bringing its total to 5,210,230 shares valued at $603.71 million. Dimensional Fund Advisors made a small addition of 1,734 shares, maintaining a holding of 3,537,474 shares worth $409.87 million. Conversely, Massachusetts Financial Services reduced its position by 75,857 shares, leaving it with 2,863,256 shares valued at $337.02 million.

AGCO Corporation Stock Down 0.1%

Shares of AGCO Corporation are trading around $111.03. The company, with a market cap of approximately $8.15 billion, has a P/E ratio of 10.85 and a forward P/E of 13.91. AGCO's beta is 1.08, indicating moderate volatility. The stock's 52-week range spans from $98.60 to $143.78, with a 50-day moving average of $116.42 and a 200-day moving average of $113.82. The company maintains a current ratio of 1.29 and a quick ratio of 0.43, with a debt-to-equity ratio of 59.71.

Recent Earnings

AGCO Corporation reported revenues of $10.37 billion, reflecting a growth rate of 14.3%. The company achieved a net margin of 7.43% and a return on equity of 17.53%. Earnings per share stood at $10.37. AGCO is set to release its next earnings report on May 5, 2026.

Dividend

AGCO Corporation offers an annual dividend rate of $1.20, yielding 1.07%. The company's dividend payout ratio is a modest 11.19%, indicating a conservative approach to dividend distribution.

Insider Buying and Selling at AGCO Corporation

Recent insider activity at AGCO includes a sale by Tractors Farm Equipment Ltd of 422,590 shares on May 5, 2026, at an average price of $123.28. Meanwhile, several insiders, including James Collins Jr., Suzanne Patricia Clark, Bob De Lange, Michael Arnold, and Sondra Barbour, each purchased 1,673 shares on April 23, 2026.

Analysts Set New Price Targets

On April 22, 2026, Oppenheimer maintained a 'buy' rating for AGCO, setting a price target of $136. Citigroup and Truist Securities both maintained their ratings earlier in the year, with Truist setting a target of $152 and Citigroup a target of $130. The consensus among 14 analysts is a 'hold' recommendation, with a mean price target of $128.

About AGCO Corporation

AGCO Corporation, headquartered in Duluth, Georgia, is a global manufacturer of agricultural equipment and replacement parts. The company offers a wide range of products, including tractors, combines, and application equipment, marketed under brands like Fendt, Massey Ferguson, and Valtra. Led by CEO Eric P. Hansotia, AGCO employs around 22,000 people and operates in the farm and heavy construction machinery industry.

Bottom Line

Royal London Asset Management's reduction in AGCO Corporation holdings is a noteworthy development in the company's institutional ownership landscape. Investors often watch such moves closely, though 13F filings are backward-looking and may not reflect current positions. AGCO's solid financials and analyst coverage underscore its position in the industrials sector.