AGCO (NYSE:AGCO) SVP Kelvin Eugene Bennett Sells 1,000 Shares

AGCO Corporation (NYSE:AGCO) SVP Kelvin Bennett sold 1,000 shares of the company’s stock in a transaction dated Friday, September 4th. The shares were sold at an average price of $132.89, for a total transaction of $132,890.00. Following the transaction, the senior vice president owned 14,047 shares in the company, valued at $1,866,705.83. This represents a 6.65% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

AGCO Stock Performance

Shares of AGCO stock traded down $5.92 during trading hours on Tuesday, reaching $127.48. The company had a trading volume of 992,079 shares, compared to its average volume of 822,000. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.58 and a current ratio of 1.32. The business has a fifty day moving average price of $112.36 and a 200-day moving average price of $116.43. AGCO Corporation has a one year low of $98.22 and a one year high of $143.78. The firm has a market cap of $8.93 billion, a PE ratio of 17.63, a price-to-earnings-growth ratio of 1.11 and a beta of 1.10.

AGCO (NYSE:AGCO) last issued its earnings results on Thursday, July 30th. The industrial products company reported $1.43 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.46 by ($0.03). AGCO had a return on equity of 10.09% and a net margin of 5.15%.The company had revenue of $2.61 billion during the quarter, compared to analysts’ expectations of $2.75 billion. During the same quarter in the prior year, the business posted $1.35 EPS. The company’s revenue for the quarter was down 1.0% compared to the same quarter last year. AGCO has set its FY 2026 guidance at 5.500-5.750 EPS. Sell-side analysts predict that AGCO Corporation will post 5.54 earnings per share for the current fiscal year.

AGCO Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Friday, August 14th will be paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date is Friday, August 14th. AGCO’s dividend payout ratio (DPR) is 16.60%.

Analyst Ratings Changes

A number of research analysts have weighed in on the company. Zacks Research downgraded AGCO from a “hold” rating to a “strong sell” rating in a report on Friday, August 21st. UBS Group reduced their price target on shares of AGCO from $123.00 to $114.00 and set a “neutral” rating for the company in a research report on Tuesday, August 4th. JPMorgan Chase & Co. dropped their price objective on shares of AGCO from $143.00 to $130.00 and set an “overweight” rating on the stock in a report on Monday, July 13th. Wall Street Zen lowered shares of AGCO from a “buy” rating to a “hold” rating in a research report on Saturday, August 1st. Finally, Wells Fargo & Company reduced their target price on shares of AGCO from $132.00 to $117.00 and set an “equal weight” rating for the company in a report on Friday, July 31st. Five investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $122.17.

Institutional Investors Weigh In On AGCO

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. GAMMA Investing LLC lifted its holdings in AGCO by 5.0% during the second quarter. GAMMA Investing LLC now owns 1,963 shares of the industrial products company’s stock valued at $235,000 after purchasing an additional 94 shares in the last quarter. UMB Bank n.a. increased its stake in AGCO by 16.8% in the 4th quarter. UMB Bank n.a. now owns 759 shares of the industrial products company’s stock worth $79,000 after buying an additional 109 shares in the last quarter. Gateway Investment Advisers LLC increased its stake in AGCO by 6.1% in the 4th quarter. Gateway Investment Advisers LLC now owns 2,367 shares of the industrial products company’s stock worth $247,000 after buying an additional 137 shares in the last quarter. EverSource Wealth Advisors LLC raised its holdings in AGCO by 36.0% during the first quarter. EverSource Wealth Advisors LLC now owns 521 shares of the industrial products company’s stock valued at $60,000 after acquiring an additional 138 shares during the period. Finally, Jones Financial Companies Lllp boosted its stake in shares of AGCO by 29.7% in the first quarter. Jones Financial Companies Lllp now owns 650 shares of the industrial products company’s stock worth $61,000 after acquiring an additional 149 shares during the period. 78.80% of the stock is owned by hedge funds and other institutional investors.

About AGCO

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.