AGCO (NYSE:AGCO) SVP Sells $315,192.00 in Stock

AGCO Corporation (NYSE:AGCO) SVP Kelvin Eugene Bennett sold 2,300 shares of the company’s stock in a transaction that occurred on Tuesday, February 17th. The stock was 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 of the company’s stock, valued at $2,308,301.76. The trade was a 12.01% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

AGCO Stock Performance

Shares of NYSE:AGCO traded down $0.43 during trading on Wednesday, reaching $138.07. The stock had a trading volume of 635,135 shares, compared to its average volume of 867,473. The company has a quick ratio of 0.67, a current ratio of 1.39 and a debt-to-equity ratio of 0.54. The stock has a fifty day simple moving average of $114.54 and a two-hundred day simple moving average of $110.53. The firm has a market capitalization of $10.30 billion, a price-to-earnings ratio of 14.16, a P/E/G ratio of 0.99 and a beta of 1.19. AGCO Corporation has a 52 week low of $73.79 and a 52 week high of $143.78.

AGCO (NYSE:AGCO) last posted its earnings results on Thursday, February 5th. The industrial products company reported $2.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.85 by $0.32. The business had revenue of $2.92 billion for the quarter, compared to analyst estimates of $2.67 billion. AGCO had a net margin of 7.21% and a return on equity of 9.39%. AGCO’s revenue was up 1.1% compared to the same quarter last year. During the same period last year, the business posted $1.97 EPS. AGCO has set its FY 2026 guidance at 5.500-6.000 EPS. As a group, analysts anticipate that AGCO Corporation will post 4.2 earnings per share for the current fiscal year.

AGCO Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 16th. Investors of record on Friday, February 13th will be given a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a dividend yield of 0.8%. The ex-dividend date of this dividend is Friday, February 13th. AGCO’s payout ratio is currently 11.90%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Capital World Investors grew its position in shares of AGCO by 309.0% during the 4th quarter. Capital World Investors now owns 2,403,349 shares of the industrial products company’s stock worth $250,717,000 after buying an additional 1,815,741 shares during the period. JPMorgan Chase & Co. raised its holdings in AGCO by 78.7% in the second quarter. JPMorgan Chase & Co. now owns 1,955,740 shares of the industrial products company’s stock worth $201,755,000 after purchasing an additional 861,377 shares during the period. Norges Bank bought a new position in shares of AGCO during the second quarter worth $78,651,000. Massachusetts Financial Services Co. MA boosted its position in shares of AGCO by 32.7% during the third quarter. Massachusetts Financial Services Co. MA now owns 2,840,125 shares of the industrial products company’s stock worth $304,092,000 after purchasing an additional 700,558 shares in the last quarter. Finally, Ninety One UK Ltd acquired a new position in shares of AGCO in the 3rd quarter valued at $69,996,000. 78.80% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on AGCO. BMO Capital Markets raised their price objective on shares of AGCO from $110.00 to $115.00 and gave the stock a “market perform” rating in a research note on Friday, February 6th. JPMorgan Chase & Co. boosted their price objective on shares of AGCO from $123.00 to $138.00 and gave the stock an “overweight” rating in a report on Friday, February 6th. Barclays increased 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. Weiss Ratings restated a “hold (c)” rating on shares of AGCO in a research note on Monday, December 22nd. Finally, Citigroup upped their price target on AGCO from $120.00 to $130.00 and gave the company a “neutral” rating in a report on Monday, February 9th. Three investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $122.73.

AGCO Company Profile

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.