AGCO (NYSE:AGCO) SVP Sells $26,070.00 in Stock

AGCO Corporation (NYSE:AGCO) SVP Kelvin Eugene Bennett sold 250 shares of the company’s stock in a transaction on Monday, November 10th. The shares were sold at an average price of $104.28, for a total value of $26,070.00. Following the sale, the senior vice president owned 17,130 shares of the company’s stock, valued at approximately $1,786,316.40. This trade represents a 1.44% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

AGCO Trading Down 1.6%

Shares of NYSE:AGCO opened at $104.40 on Friday. The stock’s 50-day simple moving average is $107.75 and its two-hundred day simple moving average is $106.56. The stock has a market capitalization of $7.79 billion, a price-to-earnings ratio of 77.91, a PEG ratio of 1.73 and a beta of 1.25. AGCO Corporation has a 52-week low of $73.79 and a 52-week high of $121.16. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.67 and a current ratio of 1.48.

AGCO (NYSE:AGCO) last issued its quarterly earnings data on Friday, October 31st. The industrial products company reported $1.35 earnings per share for the quarter, topping the consensus estimate of $1.26 by $0.09. The firm had revenue of $2.48 billion for the quarter, compared to analysts’ expectations of $2.48 billion. AGCO had a net margin of 0.98% and a return on equity of 8.27%. The business’s quarterly revenue was down 4.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.68 EPS. AGCO has set its FY 2025 guidance at 5.000-5.000 EPS. Analysts expect that AGCO Corporation will post 4.2 EPS for the current year.

AGCO Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Friday, November 14th will be paid a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a dividend yield of 1.1%. The ex-dividend date is Friday, November 14th. AGCO’s dividend payout ratio (DPR) is currently 23.06%.

Institutional Trading of AGCO

Several institutional investors have recently made changes to their positions in the business. Envestnet Asset Management Inc. lifted its holdings in AGCO by 9.0% in the 1st quarter. Envestnet Asset Management Inc. now owns 99,951 shares of the industrial products company’s stock worth $9,252,000 after purchasing an additional 8,293 shares in the last quarter. State of Michigan Retirement System raised its position in shares of AGCO by 1.4% during the first quarter. State of Michigan Retirement System now owns 14,858 shares of the industrial products company’s stock valued at $1,375,000 after buying an additional 200 shares during the last quarter. Ballentine Partners LLC raised its position in shares of AGCO by 8.3% during the first quarter. Ballentine Partners LLC now owns 2,845 shares of the industrial products company’s stock valued at $263,000 after buying an additional 219 shares during the last quarter. New York State Common Retirement Fund lifted its holdings in shares of AGCO by 6.9% in the first quarter. New York State Common Retirement Fund now owns 38,632 shares of the industrial products company’s stock worth $3,576,000 after buying an additional 2,500 shares in the last quarter. Finally, Louisiana State Employees Retirement System lifted its holdings in shares of AGCO by 1.2% in the first quarter. Louisiana State Employees Retirement System now owns 17,400 shares of the industrial products company’s stock worth $1,611,000 after buying an additional 200 shares in the last quarter. Hedge funds and other institutional investors own 78.80% of the company’s stock.

Analyst Upgrades and Downgrades

AGCO has been the subject of several analyst reports. UBS Group restated a “neutral” rating and issued a $119.00 price objective (up from $100.00) on shares of AGCO in a research note on Friday, August 8th. JPMorgan Chase & Co. upped their price target on AGCO from $135.00 to $136.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 14th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of AGCO in a research report on Thursday. Truist Financial reissued a “buy” rating and issued a $123.00 target price (down from $142.00) on shares of AGCO in a report on Monday, November 3rd. Finally, Oppenheimer restated an “outperform” rating and set a $123.00 target price on shares of AGCO in a research note on Monday, November 3rd. Three analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, AGCO currently has an average rating of “Hold” and an average target price of $113.70.

About AGCO

AGCO Corporation manufactures and distributes agricultural equipment and related replacement parts worldwide. It offers horsepower tractors for row crop production, soil cultivation, planting, land leveling, seeding, and commercial hay operations; utility tractors for small- and medium-sized farms, as well as for dairy, livestock, orchards, and vineyards; and compact tractors for small farms, specialty agricultural industries, landscaping, equestrian, and residential uses.