Clark Estates Inc. NY Sells 3,072 Shares of AGCO Co. (NYSE:AGCO)

Clark Estates Inc. NY reduced its stake in AGCO Co. (NYSE:AGCO) by 10.8% during the fourth quarter, according to its most recent filing with the SEC. The fund owned 25,353 shares of the industrial products company’s stock after selling 3,072 shares during the quarter. Clark Estates Inc. NY’s holdings in AGCO were worth $2,370,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Pacer Advisors Inc. boosted its stake in AGCO by 34.3% in the third quarter. Pacer Advisors Inc. now owns 2,110,408 shares of the industrial products company’s stock valued at $206,525,000 after acquiring an additional 538,955 shares during the last quarter. State Street Corp lifted its stake in AGCO by 4.3% in the third quarter. State Street Corp now owns 1,978,963 shares of the industrial products company’s stock valued at $193,661,000 after purchasing an additional 80,846 shares during the last quarter. Massachusetts Financial Services Co. MA grew its holdings in AGCO by 3.7% during the third quarter. Massachusetts Financial Services Co. MA now owns 1,857,505 shares of the industrial products company’s stock valued at $181,775,000 after purchasing an additional 66,303 shares during the period. Geode Capital Management LLC increased its position in AGCO by 7.2% in the third quarter. Geode Capital Management LLC now owns 1,205,227 shares of the industrial products company’s stock worth $121,121,000 after buying an additional 80,516 shares during the last quarter. Finally, Principal Financial Group Inc. raised its stake in shares of AGCO by 4.0% in the fourth quarter. Principal Financial Group Inc. now owns 711,687 shares of the industrial products company’s stock valued at $66,536,000 after buying an additional 27,438 shares during the period. Institutional investors own 78.80% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the company. Citigroup cut their price target on AGCO from $100.00 to $95.00 and set a “neutral” rating for the company in a research note on Tuesday, January 14th. The Goldman Sachs Group cut their target price on shares of AGCO from $112.00 to $99.00 and set a “neutral” rating for the company in a research report on Wednesday, November 6th. Morgan Stanley started coverage on shares of AGCO in a research note on Tuesday, December 3rd. They set an “equal weight” rating and a $101.00 price target on the stock. Oppenheimer lifted their price objective on shares of AGCO from $108.00 to $109.00 and gave the company an “outperform” rating in a research note on Tuesday, January 28th. Finally, Baird R W downgraded AGCO from a “strong-buy” rating to a “hold” rating in a research report on Monday. Ten investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $104.30.

AGCO Price Performance

Shares of NYSE AGCO opened at $89.01 on Wednesday. The stock’s 50-day simple moving average is $98.00 and its two-hundred day simple moving average is $96.20. AGCO Co. has a twelve month low of $84.35 and a twelve month high of $125.76. The firm has a market capitalization of $6.64 billion, a P/E ratio of -15.64, a P/E/G ratio of 1.80 and a beta of 1.24. The company has a quick ratio of 0.63, a current ratio of 1.34 and a debt-to-equity ratio of 0.60.

AGCO (NYSE:AGCO) last issued its quarterly earnings results on Thursday, February 6th. The industrial products company reported $1.97 EPS for the quarter, missing analysts’ consensus estimates of $2.01 by ($0.04). AGCO had a positive return on equity of 13.40% and a negative net margin of 3.64%. As a group, equities analysts anticipate that AGCO Co. will post 4.2 EPS for the current fiscal year.

AGCO Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 14th will be paid a $0.29 dividend. The ex-dividend date of this dividend is Friday, February 14th. This represents a $1.16 dividend on an annualized basis and a yield of 1.30%. AGCO’s dividend payout ratio (DPR) is currently -20.39%.

About AGCO

AGCO Corporation manufactures and distributes agricultural equipment and related replacement parts worldwide. It offers horsepower tractors for row crop production, soil cultivation, planting, land leveling, seeding, and commercial hay operations; utility tractors for small- and medium-sized farms, as well as for dairy, livestock, orchards, and vineyards; and compact tractors for small farms, specialty agricultural industries, landscaping, equestrian, and residential uses.