AGCO (NYSE:AGCO) SVP Torsten Rudolf Willi Dehner Sells 15,000 Shares of Stock

AGCO Corporation (NYSE:AGCO) SVP Torsten Dehner sold 15,000 shares of AGCO stock in a transaction dated Monday, November 9th. The shares were sold at an average price of $112.50, for a total value of $1,687,500.00. Following the completion of the transaction, the senior vice president directly owned 19,589 shares in the company, valued at $2,203,762.50. This represents a 43.37% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Torsten Rudolf Willi Dehner also recently made the following trade(s):

• On Friday, November 6th, Torsten Dehner sold 12,393 shares of AGCO stock. The stock was sold at an average price of $110.00, for a total value of $1,363,230.00.

AGCO Stock Down 2.9%

Shares of NYSE:AGCO opened at $113.13 on Wednesday. The stock has a 50-day simple moving average of $114.15 and a 200-day simple moving average of $116.30. The stock has a market capitalization of $7.80 billion, a P/E ratio of 29.08, a PEG ratio of 0.89 and a beta of 1.12. AGCO Corporation has a 1 year low of $98.22 and a 1 year high of $143.78. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.55 and a current ratio of 1.32.

AGCO (NYSE:AGCO) last posted its quarterly earnings results on Thursday, October 29th. The industrial products company reported $1.05 EPS for the quarter, beating the consensus estimate of $0.87 by $0.18. The firm had revenue of $2.26 billion for the quarter, compared to analyst estimates of $2.32 billion. AGCO had a net margin of 2.76% and a return on equity of 9.66%. AGCO’s revenue for the quarter was down 8.6% compared to the same quarter last year. During the same quarter last year, the firm posted $1.35 earnings per share. Equities analysts forecast that AGCO Corporation will post 5.49 earnings per share for the current year.

AGCO Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 15th. Stockholders of record on Monday, November 16th will be given a $0.30 dividend. The ex-dividend date of this dividend is Monday, November 16th. This represents a $1.20 annualized dividend and a dividend yield of 1.1%. AGCO’s dividend payout ratio is presently 30.85%.

Analyst Ratings Changes

AGCO has been the topic of a number of research reports. Truist Financial reissued a “buy” rating and issued a $136.00 target price (down from $146.00) on shares of AGCO in a research note on Monday, November 2nd. Barclays decreased their price target on shares of AGCO from $105.00 to $97.00 and set an “underweight” rating for the company in a research report on Monday, October 19th. DA Davidson reiterated a “buy” rating and issued a $151.00 price target on shares of AGCO in a report on Thursday, October 8th. UBS Group lowered their price target on AGCO from $123.00 to $114.00 and set a “neutral” rating for the company in a report on Tuesday, August 4th. Finally, Oppenheimer reissued an “outperform” rating on shares of AGCO in a research report on Friday, October 30th. Five research analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $123.67.

Institutional Trading of AGCO

Several large investors have recently bought and sold shares of the company. BlackRock Inc. purchased a new stake in shares of AGCO during the second quarter valued at approximately $701,908,000. Bank of New York Mellon Corp purchased a new position in shares of AGCO in the second quarter valued at $64,273,000. Bank of America Corp DE boosted its stake in shares of AGCO by 19.4% in the first quarter. Bank of America Corp DE now owns 543,955 shares of the industrial products company’s stock valued at $63,028,000 after purchasing an additional 88,571 shares during the period. Quantinno Capital Management LP boosted its stake in shares of AGCO by 15.1% in the first quarter. Quantinno Capital Management LP now owns 492,234 shares of the industrial products company’s stock valued at $57,035,000 after purchasing an additional 64,453 shares during the period. Finally, Russell Investments Group Ltd. grew its holdings in AGCO by 13.2% during the 3rd quarter. Russell Investments Group Ltd. now owns 318,400 shares of the industrial products company’s stock valued at $36,375,000 after purchasing an additional 37,236 shares in the last quarter. Institutional investors and hedge funds own 78.80% of the company’s stock.

AGCO Company Profile

AGCO Corporation designs, manufactures and distributes agricultural equipment and technology for farmers around the world. Its products include tractors, combines, hay and forage equipment, sprayers, seeding and tillage equipment, grain storage systems, and precision agriculture solutions. The company’s brands include Fendt, Massey Ferguson, Valtra, and PTx, its precision agriculture business. AGCO was formed in 1990 and is headquartered in Duluth, Georgia. AGCO serves agricultural markets globally through a network of dealers and other distribution partners.