AGCO (NYSE:AGCO) Director Buys $100,710.00 in Stock

AGCO Corporation (NYSE:AGCO) Director Lange Bob De purchased 1,000 shares of the stock in a transaction dated Friday, August 14th. The shares were acquired at an average price of $100.71 per share, for a total transaction of $100,710.00. Following the acquisition, the director directly owned 18,717 shares of the company’s stock, valued at $1,884,989.07. This represents a 5.64% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

AGCO Stock Up 1.1%

Shares of AGCO stock opened at $99.57 on Thursday. The company has a current ratio of 1.32, a quick ratio of 0.58 and a debt-to-equity ratio of 0.53. AGCO Corporation has a 1 year low of $98.22 and a 1 year high of $143.78. The stock has a 50-day moving average price of $111.50 and a 200 day moving average price of $117.57. The company has a market cap of $6.97 billion, a P/E ratio of 13.77, a P/E/G ratio of 0.81 and a beta of 1.08.

AGCO (NYSE:AGCO) last posted its quarterly earnings results on Thursday, July 30th. The industrial products company reported $1.43 EPS 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 company had revenue of $2.61 billion for the quarter, compared to analyst estimates of $2.75 billion. During the same quarter in the prior year, the business posted $1.35 earnings per share. The business’s revenue for the quarter was down 1.0% compared to the same quarter last year. AGCO has set its FY 2026 guidance at 5.500-5.750 EPS. As a group, analysts expect that AGCO Corporation will post 5.58 EPS for the current fiscal year.

AGCO Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Friday, August 14th will be issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 1.2%. The ex-dividend date is Friday, August 14th. AGCO’s dividend payout ratio (DPR) is currently 16.60%.

Hedge Funds Weigh In On AGCO

Several hedge funds have recently added to or reduced their stakes in AGCO. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of AGCO by 46.2% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 4,958 shares of the industrial products company’s stock valued at $459,000 after acquiring an additional 1,567 shares during the last quarter. Jones Financial Companies Lllp boosted its position in shares of AGCO by 29.7% during the first quarter. Jones Financial Companies Lllp now owns 650 shares of the industrial products company’s stock worth $61,000 after purchasing an additional 149 shares in the last quarter. Goldman Sachs Group Inc. boosted its position in shares of AGCO by 39.6% during the first quarter. Goldman Sachs Group Inc. now owns 215,242 shares of the industrial products company’s stock worth $19,925,000 after purchasing an additional 61,009 shares in the last quarter. Empowered Funds LLC grew its holdings in shares of AGCO by 3.1% in the 1st quarter. Empowered Funds LLC now owns 5,876 shares of the industrial products company’s stock valued at $544,000 after buying an additional 176 shares during the period. Finally, Geneos Wealth Management Inc. grew its holdings in shares of AGCO by 109.2% in the 1st quarter. Geneos Wealth Management Inc. now owns 364 shares of the industrial products company’s stock valued at $34,000 after buying an additional 190 shares during the period. Institutional investors and hedge funds own 78.80% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on AGCO shares. Wells Fargo & Company lowered their price target on AGCO from $132.00 to $117.00 and set an “equal weight” rating for the company in a research note on Friday, July 31st. Citigroup reduced their target price on shares of AGCO from $125.00 to $115.00 and set a “neutral” rating for the company in a research note on Monday, August 3rd. JPMorgan Chase & Co. dropped their price target on shares of AGCO from $143.00 to $130.00 and set an “overweight” rating on the stock in a research note on Monday, July 13th. Morgan Stanley cut their price target 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. 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. Four analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $120.33.

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.