Insider Selling: AGCO (NYSE:AGCO) SVP Sells 1,600 Shares of Stock

AGCO Corporation (NYSE:AGCO) SVP Ivory Marie Harris sold 1,600 shares of AGCO stock in a transaction that occurred on Tuesday, September 15th. The stock was sold at an average price of $125.30, for a total value of $200,480.00. Following the transaction, the senior vice president owned 14,454 shares of the company’s stock, 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 SEC, which can be accessed through the SEC website.

AGCO Stock Performance

Shares of AGCO stock traded down $3.99 during trading on Wednesday, reaching $119.80. 862,377 shares of the company’s stock were exchanged, compared to its average volume of 826,038. AGCO Corporation has a twelve month low of $98.22 and a twelve month high of $143.78. The firm’s fifty day moving average price is $113.20 and its 200-day moving average price is $115.90. The company has a quick ratio of 0.58, a current ratio of 1.32 and a debt-to-equity ratio of 0.53. The stock has a market capitalization of $8.39 billion, a PE ratio of 16.57, a PEG ratio of 1.02 and a beta of 1.10.

AGCO (NYSE:AGCO) last announced its quarterly earnings results on Thursday, July 30th. The industrial products company reported $1.43 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.46 by ($0.03). AGCO had a net margin of 5.15% and a return on equity of 10.09%. The business had revenue of $2.61 billion for the quarter, compared to analyst estimates of $2.75 billion. During the same period in the prior year, the business earned $1.35 EPS. The company’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, sell-side analysts anticipate that AGCO Corporation will post 5.54 EPS for the current year.

AGCO Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 15th. Stockholders of record on Friday, August 14th were paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date was Friday, August 14th. AGCO’s dividend payout ratio (DPR) is currently 16.60%.

Institutional Investors Weigh In On AGCO

Hedge funds and other institutional investors have recently made changes to their positions in the business. The Manufacturers Life Insurance Company grew its holdings in shares of AGCO by 27.0% during the 1st quarter. The Manufacturers Life Insurance Company now owns 126,234 shares of the industrial products company’s stock worth $14,626,000 after purchasing an additional 26,862 shares in the last quarter. Bank of America Corp DE increased its position in shares of AGCO by 19.4% in the first quarter. Bank of America Corp DE now owns 543,955 shares of the industrial products company’s stock worth $63,028,000 after purchasing an additional 88,571 shares during the period. BlackRock Inc. acquired a new position in AGCO in the second quarter valued at about $701,908,000. Entropy Technologies LP acquired a new position in AGCO in the first quarter valued at about $1,469,000. Finally, Callan Family Office LLC bought a new stake in AGCO during the second quarter worth about $2,236,000. 78.80% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts recently commented on AGCO shares. Wall Street Zen lowered shares of AGCO from a “buy” rating to a “hold” rating in a research note on Saturday, August 1st. Oppenheimer cut their price objective on shares of AGCO from $134.00 to $127.00 and set an “outperform” rating for the company in a research report on Friday, July 31st. JPMorgan Chase & Co. reduced their price objective on AGCO from $143.00 to $130.00 and set an “overweight” rating for the company in a report on Monday, July 13th. Weiss Ratings cut AGCO from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday, July 31st. Finally, Robert W. Baird upgraded AGCO from a “neutral” rating to an “outperform” rating and boosted their price target for the company from $120.00 to $150.00 in a research note on Monday, August 31st. Five research analysts have rated the stock with a Buy rating, six have given a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $122.17.

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.