AGCO Co. (NYSE:AGCO) Shares Sold by HM Payson & Co.

HM Payson & Co. cut its holdings in shares of AGCO Co. (NYSE:AGCO) by 32.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,500 shares of the industrial products company’s stock after selling 1,200 shares during the period. HM Payson & Co.’s holdings in AGCO were worth $234,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in AGCO. US Bancorp DE lifted its position in AGCO by 29.3% in the third quarter. US Bancorp DE now owns 1,623 shares of the industrial products company’s stock worth $159,000 after purchasing an additional 368 shares during the period. Farther Finance Advisors LLC lifted its position in AGCO by 50.2% in the third quarter. Farther Finance Advisors LLC now owns 416 shares of the industrial products company’s stock worth $41,000 after purchasing an additional 139 shares during the period. Principal Financial Group Inc. lifted its position in AGCO by 28.2% in the third quarter. Principal Financial Group Inc. now owns 684,249 shares of the industrial products company’s stock worth $66,959,000 after purchasing an additional 150,656 shares during the period. Verdence Capital Advisors LLC lifted its position in AGCO by 7.8% in the third quarter. Verdence Capital Advisors LLC now owns 3,271 shares of the industrial products company’s stock worth $320,000 after purchasing an additional 236 shares during the period. Finally, Atria Investments Inc acquired a new stake in shares of AGCO during the 3rd quarter valued at $372,000. 78.80% of the stock is currently owned by institutional investors and hedge funds.

AGCO Price Performance

Shares of NYSE:AGCO opened at $102.94 on Monday. The company’s fifty day moving average is $98.11 and its two-hundred day moving average is $96.37. 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 Co. has a 12-month low of $84.35 and a 12-month high of $125.76. The company has a market cap of $7.68 billion, a P/E ratio of -18.09, a price-to-earnings-growth ratio of 1.80 and a beta of 1.24.

AGCO (NYSE:AGCO) last posted its quarterly earnings results on Thursday, February 6th. The industrial products company reported $1.97 earnings per share 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%. Equities analysts expect that AGCO Co. will post 4.2 earnings per share for the current fiscal year.

AGCO Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 14th will be given a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 1.13%. The ex-dividend date of this dividend is Friday, February 14th. AGCO’s payout ratio is -20.39%.

Analyst Ratings Changes

A number of equities research analysts have recently commented on AGCO shares. Robert W. Baird downgraded AGCO from an “outperform” rating to a “neutral” rating and cut their price objective for the company from $116.00 to $100.00 in a research report on Monday, March 3rd. Morgan Stanley started coverage on AGCO in a research report on Tuesday, December 3rd. They set an “equal weight” rating and a $101.00 price objective for the company. Truist Financial increased their price objective on AGCO from $109.00 to $118.00 and gave the company a “buy” rating in a research report on Thursday, January 16th. StockNews.com upgraded AGCO from a “sell” rating to a “hold” rating in a research report on Friday, February 7th. Finally, Oppenheimer increased their price objective on AGCO from $108.00 to $109.00 and gave the company an “outperform” rating in a research report on Tuesday, January 28th. 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 has an average rating of “Hold” and an average target price of $104.30.

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.