AGCO (NYSE:AGCO) Shares Gap Down – Time to Sell?

AGCO Corporation (NYSE:AGCO)’s share price gapped down before the market opened on Tuesday . The stock had previously closed at $121.28, but opened at $115.54. AGCO shares last traded at $120.56, with a volume of 130,242 shares changing hands.

Analyst Ratings Changes

A number of research firms recently issued reports on AGCO. Wells Fargo & Company set a $132.00 target price on shares of AGCO in a research note on Monday, February 9th. Wall Street Zen upgraded shares of AGCO from a “hold” rating to a “buy” rating in a research note on Saturday, March 7th. Barclays raised their target price on shares of AGCO from $93.00 to $105.00 and gave the company an “underweight” rating in a research note on Friday, February 6th. Truist Financial raised their target price on shares of AGCO from $134.00 to $152.00 and gave the company a “buy” rating in a research note on Monday, February 9th. Finally, Robert W. Baird set a $128.00 target price on shares of AGCO in a research note on Friday, February 6th. Three research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $122.91.

AGCO Stock Down 1.9%

The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.67 and a current ratio of 1.29. The company has a market capitalization of $8.54 billion, a price-to-earnings ratio of 11.37, a price-to-earnings-growth ratio of 0.82 and a beta of 1.12. The firm’s 50-day simple moving average is $119.72 and its 200-day simple moving average is $114.92.

AGCO (NYSE:AGCO) last posted its quarterly earnings results on Tuesday, May 5th. The industrial products company reported $0.94 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.44 by $0.50. The company had revenue of $2.34 billion for the quarter, compared to analyst estimates of $2.26 billion. AGCO had a net margin of 7.43% and a return on equity of 9.99%. The business’s quarterly revenue was up 14.3% on a year-over-year basis. During the same period last year, the business posted $0.41 EPS. AGCO has set its FY 2026 guidance at 6.000-6.000 EPS. Sell-side analysts forecast that AGCO Corporation will post 6.01 earnings per share for the current year.

AGCO Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Friday, May 15th will be given a $0.30 dividend. The ex-dividend date is Friday, May 15th. This represents a $1.20 annualized dividend and a yield of 1.0%. This is a positive change from AGCO’s previous quarterly dividend of $0.29. AGCO’s dividend payout ratio (DPR) is 11.90%.

Insider Transactions at AGCO

In other AGCO news, SVP Kelvin Eugene Bennett sold 2,300 shares of the firm’s stock in a transaction on Tuesday, February 17th. The shares were sold at an average price of $137.04, for a total value of $315,192.00. Following the sale, the senior vice president directly owned 16,844 shares in the company, valued at $2,308,301.76. This trade represents a 12.01% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.62% of the stock is owned by corporate insiders.

Institutional Trading of AGCO

Several institutional investors have recently made changes to their positions in AGCO. Cullen Frost Bankers Inc. boosted its position in shares of AGCO by 1,721.4% during the 3rd quarter. Cullen Frost Bankers Inc. now owns 255 shares of the industrial products company’s stock valued at $27,000 after acquiring an additional 241 shares in the last quarter. Pinnacle Bancorp Inc. acquired a new stake in shares of AGCO during the 3rd quarter valued at about $29,000. EverSource Wealth Advisors LLC boosted its position in shares of AGCO by 951.9% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 284 shares of the industrial products company’s stock valued at $29,000 after acquiring an additional 257 shares in the last quarter. Advisory Services Network LLC acquired a new stake in shares of AGCO during the 3rd quarter valued at about $33,000. Finally, Geneos Wealth Management Inc. boosted its position in shares of AGCO by 109.2% during the 1st quarter. Geneos Wealth Management Inc. now owns 364 shares of the industrial products company’s stock valued at $34,000 after acquiring an additional 190 shares in the last quarter. 78.80% of the stock is currently owned by institutional investors and hedge funds.

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.