AGCO (NYSE:AGCO) SVP Sells $200,480.00 in Stock

AGCO Corporation (NYSE:AGCO) SVP Ivory Harris sold 1,600 shares of the stock in a transaction that occurred on Tuesday, September 15th. The shares were sold at an average price of $125.30, for a total transaction of $200,480.00. Following the completion of the sale, the senior vice president owned 14,454 shares in the company, valued at $1,811,086.20. This represents a 9.97% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

AGCO Stock Down 1.3%

Shares of NYSE AGCO opened at $119.95 on Friday. The stock has a market cap of $8.40 billion, a P/E ratio of 16.59, a P/E/G ratio of 1.01 and a beta of 1.10. The firm has a 50 day moving average price of $113.59 and a 200 day moving average price of $115.73. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.58 and a current ratio of 1.32. AGCO Corporation has a 52-week low of $98.22 and a 52-week high of $143.78.

AGCO (NYSE:AGCO) last posted its earnings results 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 during the quarter, compared to analyst estimates of $2.75 billion. During the same quarter last year, the business posted $1.35 earnings per share. The company’s revenue for the quarter was down 1.0% on a year-over-year basis. AGCO has set its FY 2026 guidance at 5.500-5.750 EPS. Analysts expect that AGCO Corporation will post 5.54 EPS for the current year.

AGCO Announces Dividend

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

Analyst Ratings Changes

A number of equities research analysts have recently commented on AGCO shares. Wall Street Zen lowered AGCO from a “buy” rating to a “hold” rating in a research report on Saturday, August 1st. DA Davidson set a $151.00 price objective on AGCO in a research report on Friday, July 31st. UBS Group lowered their target price on AGCO from $123.00 to $114.00 and set a “neutral” rating for the company in a research note on Tuesday, August 4th. Robert W. Baird upgraded shares of AGCO from a “neutral” rating to an “outperform” rating and raised their target price for the stock from $120.00 to $150.00 in a report on Monday, August 31st. Finally, Weiss Ratings lowered shares of AGCO from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday, July 31st. Five equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, AGCO currently has an average rating of “Hold” and a consensus price target of $122.17.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in AGCO. BlackRock Inc. acquired a new position in shares of AGCO during the 2nd quarter worth about $701,908,000. Capital World Investors raised its holdings in AGCO by 309.0% during the fourth quarter. Capital World Investors now owns 2,403,349 shares of the industrial products company’s stock worth $250,717,000 after acquiring an additional 1,815,741 shares in the last quarter. Norges Bank bought a new stake in AGCO during the fourth quarter worth about $78,202,000. Bank of New York Mellon Corp acquired a new position in AGCO during the second quarter valued at approximately $64,273,000. Finally, Bank of America Corp DE acquired a new position in AGCO during the second quarter valued at approximately $62,281,000. 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 with products designed for crop production, harvesting, hay and forage operations, and farm management.

AGCO’s product portfolio includes tractors, combines, application equipment, hay and forage machinery, implements, replacement parts and precision agriculture technologies. Its principal brands include Fendt, Massey Ferguson, Challenger, GSI and Valtra, while its precision agriculture offerings support activities such as guidance, data management, machine control and autonomous farming.

Founded in 1990 through the acquisition of Deutz-Allis, AGCO has expanded through additional acquisitions and brand development.