AGCO (NYSE:AGCO) Stock: Insider Torsten Rudolf Willi Dehner Sells 12,393 Shares

AGCO Corporation (NYSE:AGCO) SVP Torsten Dehner sold 12,393 shares of AGCO stock in a transaction that occurred on Friday, November 6th. The stock was sold at an average price of $110.00, for a total value of $1,363,230.00. Following the transaction, the senior vice president owned 34,589 shares in the company, valued at approximately $3,804,790. The trade was a 26.38% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

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

• On Monday, November 9th, Torsten Dehner sold 15,000 shares of AGCO stock. The stock was sold at an average price of $112.50, for a total value of $1,687,500.00.

AGCO Stock Up 1.6%

Shares of NYSE:AGCO opened at $114.91 on Thursday. The company has a quick ratio of 0.55, a current ratio of 1.32 and a debt-to-equity ratio of 0.53. The business has a fifty day moving average of $114.01 and a two-hundred day moving average of $116.30. The stock has a market cap of $7.92 billion, a P/E ratio of 20.24, a PEG ratio of 0.86 and a beta of 1.12. AGCO Corporation has a 52-week low of $98.22 and a 52-week high of $143.78.

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

AGCO Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 15th. Investors of record on Monday, November 16th will be given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 1.0%. The ex-dividend date is Monday, November 16th. AGCO’s dividend payout ratio (DPR) is presently 30.85%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the company. BlackRock Inc. acquired a new stake in shares of AGCO in the second quarter valued at $701,908,000. Bank of America Corp DE raised its holdings in shares of AGCO by 19.4% in the 1st quarter. Bank of America Corp DE now owns 543,955 shares of the industrial products company’s stock valued at $63,028,000 after buying an additional 88,571 shares during the period. Bank of New York Mellon Corp purchased a new stake in shares of AGCO in the 2nd quarter valued at $64,273,000. Quantinno Capital Management LP raised its holdings in shares of AGCO by 15.1% in the 1st quarter. Quantinno Capital Management LP now owns 492,234 shares of the industrial products company’s stock valued at $57,035,000 after buying an additional 64,453 shares during the period. Finally, Russell Investments Group Ltd. lifted its stake 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 worth $36,375,000 after acquiring an additional 37,236 shares in the last quarter. 78.80% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Robert W. Baird raised shares of AGCO from a “neutral” rating to an “outperform” rating and lifted their target price for the stock from $120.00 to $150.00 in a research note on Monday, August 31st. Oppenheimer reissued an “outperform” rating on shares of AGCO in a research note on Friday, October 30th. Morgan Stanley raised their price target on shares of AGCO from $99.00 to $113.00 and gave the stock an “underweight” rating in a report on Wednesday, November 4th. Weiss Ratings lowered shares of AGCO from a “hold (c+)” rating to a “hold (c-)” rating in a research report on Friday, October 30th. Finally, Zacks Research upgraded AGCO from a “strong sell” rating to a “hold” rating in a report on Monday, October 5th. Five research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $123.67.

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.