AGCO (NYSE:AGCO) SVP Ivory Marie Harris Sells 1,600 Shares of Stock

AGCO Corporation (NYSE:AGCO) SVP Ivory Marie Harris sold 1,600 shares of AGCO stock in a transaction dated Tuesday, September 15th. The stock was sold at an average price of $125.30, for a total value of $200,480.00. Following the sale, the senior vice president directly owned 14,454 shares of the company’s stock, valued at $1,811,086.20. This trade represents a 9.97% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

AGCO Price Performance

Shares of NYSE:AGCO opened at $119.80 on Thursday. AGCO Corporation has a twelve month low of $98.22 and a twelve month high of $143.78. The company has a current ratio of 1.32, a quick ratio of 0.58 and a debt-to-equity ratio of 0.53. The company has a market cap of $8.39 billion, a PE ratio of 16.57, a price-to-earnings-growth ratio of 1.03 and a beta of 1.10. The company’s 50 day moving average is $113.32 and its 200 day moving average is $115.80.

AGCO (NYSE:AGCO) last announced its quarterly earnings data 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). The business had revenue of $2.61 billion for the quarter, compared to analyst estimates of $2.75 billion. AGCO had a net margin of 5.15% and a return on equity of 10.09%. The business’s revenue was down 1.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.35 earnings per share. AGCO has set its FY 2026 guidance at 5.500-5.750 EPS. On average, sell-side analysts forecast that AGCO Corporation will post 5.54 EPS for the current year.

AGCO Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 15th. Shareholders of record on Friday, August 14th were issued a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 1.0%. The ex-dividend date of this dividend was Friday, August 14th. AGCO’s dividend payout ratio is presently 16.60%.

Institutional Trading of AGCO

Several institutional investors have recently made changes to their positions in the company. BlackRock Inc. acquired a new position in AGCO during the 2nd quarter worth about $701,908,000. Capital World Investors boosted its stake in shares of AGCO by 309.0% in the fourth quarter. Capital World Investors now owns 2,403,349 shares of the industrial products company’s stock valued at $250,717,000 after purchasing an additional 1,815,741 shares during the period. Norges Bank purchased a new position in shares of AGCO in the fourth quarter valued at approximately $78,202,000. Bank of New York Mellon Corp acquired a new position in shares of AGCO in the second quarter valued at approximately $64,273,000. Finally, Bank of America Corp DE purchased a new stake in AGCO during the 2nd quarter worth approximately $62,281,000. Hedge funds and other institutional investors own 78.80% of the company’s stock.

Analyst Upgrades and Downgrades

AGCO has been the subject of a number of recent research reports. UBS Group reduced their price objective on AGCO from $123.00 to $114.00 and set a “neutral” rating for the company in a research note on Tuesday, August 4th. Morgan Stanley lowered their target price on AGCO from $110.00 to $99.00 and set an “underweight” rating on the stock in a research note on Tuesday, August 4th. Oppenheimer dropped their target price on AGCO from $134.00 to $127.00 and set an “outperform” rating on the stock in a report on Friday, July 31st. Truist Financial reiterated a “buy” rating and set a $135.00 price target (down from $159.00) on shares of AGCO in a research report on Friday, July 31st. Finally, Robert W. Baird raised 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 report 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 company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus 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.