AGCO (NYSE:AGCO) Share Price Breaks Below Fifty Day Moving Average – Here’s Why

AGCO Corporation (NYSE:AGCO)’s stock price passed below its fifty day moving average during trading on Thursday. The stock has a fifty day moving average of $114.06 and traded as low as $109.64. AGCO shares last traded at $111.7150, with a volume of 984,009 shares trading hands.

Wall Street Analysts Forecast Growth

AGCO has been the subject of a number of recent analyst reports. DA Davidson set a $151.00 price objective on AGCO in a research report on Friday, July 31st. Wall Street Zen cut AGCO from a “buy” rating to a “hold” rating in a research note on Saturday, August 1st. Wells Fargo & Company cut their price target on AGCO from $132.00 to $117.00 and set an “equal weight” rating for the company in a report on Friday, July 31st. Zacks Research cut shares of AGCO from a “hold” rating to a “strong sell” rating in a research report on Friday, August 21st. Finally, Morgan Stanley decreased their price objective on shares of AGCO from $110.00 to $99.00 and set an “underweight” rating on the stock in a report on Tuesday, August 4th. 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. According to data from MarketBeat.com, AGCO presently has an average rating of “Hold” and an average price target of $122.17.

AGCO Stock Performance

The company has a market cap of $8.03 billion, a P/E ratio of 15.86, a price-to-earnings-growth ratio of 0.84 and a beta of 1.08. The stock has a 50 day moving average price of $113.93 and a two-hundred day moving average price of $115.10. The company has a quick ratio of 0.58, a current ratio of 1.32 and a debt-to-equity ratio of 0.53.

AGCO (NYSE:AGCO) last posted its quarterly earnings data on Thursday, July 30th. The industrial products company reported $1.43 earnings per share 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 firm had revenue of $2.61 billion for the quarter, compared to the consensus estimate of $2.75 billion. During the same quarter in the previous year, the business earned $1.35 EPS. The firm’s quarterly revenue was down 1.0% on a year-over-year basis. AGCO has set its FY 2026 guidance at 5.500-5.750 EPS. On average, research analysts predict that AGCO Corporation will post 5.55 earnings per share for the current fiscal year.

AGCO Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 15th. Shareholders of record on Friday, August 14th were paid a $0.30 dividend. The ex-dividend date was Friday, August 14th. This represents a $1.20 annualized dividend and a yield of 1.0%. AGCO’s payout ratio is 16.60%.

Insider Transactions at AGCO

In other news, major shareholder & Farm Equipment Ltd Tractors sold 492,418 shares of AGCO stock in a transaction that occurred on Wednesday, August 5th. The shares were sold at an average price of $115.33, for a total value of $56,790,567.94. Following the completion of the sale, the insider directly owned 3,017,565 shares in the company, valued at approximately $348,015,771.45. The trade was a 14.03% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Eric P. Hansotia sold 2,604 shares of the business’s stock in a transaction that occurred on Friday, September 4th. The shares were sold at an average price of $129.75, for a total value of $337,869.00. Following the completion of the sale, the chief executive officer owned 326,939 shares of the company’s stock, valued at approximately $42,420,335.25. This trade represents a 0.79% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 497,622 shares of company stock worth $57,461,807. Company insiders own 0.62% of the company’s stock.

Hedge Funds Weigh In On AGCO

Hedge funds have recently added to or reduced their stakes in the stock. Northwestern Mutual Wealth Management Co. bought a new stake in shares of AGCO during the 2nd quarter valued at $29,000. Elevation Wealth Partners LLC raised its stake in AGCO by 400.0% in the second quarter. Elevation Wealth Partners LLC now owns 290 shares of the industrial products company’s stock valued at $35,000 after purchasing an additional 232 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in AGCO in the second quarter valued at about $35,000. Trust Co. of Vermont bought a new stake in AGCO during the second quarter worth about $36,000. Finally, Commonwealth Retirement Investments LLC acquired a new stake in AGCO during the fourth quarter worth about $42,000. Institutional investors own 78.80% of the company’s stock.

About AGCO

AGCO Corporation (NYSE: AGCO) is a global manufacturer and distributor of agricultural equipment and related solutions. The company serves farmers, agricultural contractors and dealers through a portfolio that includes tractors, combines, harvesting equipment, seeding and planting machinery, hay and forage equipment, crop protection products, replacement parts and precision-agriculture technologies.

AGCO’s principal brands include Fendt, Massey Ferguson, Valtra, Gleaner and PTx. Its precision-agriculture offerings are designed to help producers improve field productivity, equipment utilization and resource management through technologies such as guidance, connectivity, automation and data-based farm management.

Founded in 1990 through the acquisition of Deutz-Allis, AGCO expanded its international presence through subsequent acquisitions, including Massey Ferguson and Fendt.