AGCO (NYSE:AGCO) SVP Kelvin Eugene Bennett Sells 250 Shares of Stock

AGCO Corporation (NYSE:AGCO) SVP Kelvin Eugene Bennett sold 250 shares of the stock in a transaction on Monday, November 10th. The shares were sold at an average price of $104.28, for a total value of $26,070.00. Following the sale, the senior vice president directly owned 17,130 shares in the company, valued at $1,786,316.40. This trade represents a 1.44% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

AGCO Stock Performance

Shares of NYSE AGCO traded down $0.81 during midday trading on Thursday, hitting $107.67. 42,406 shares of the stock traded hands, compared to its average volume of 837,731. The firm has a market capitalization of $8.03 billion, a P/E ratio of 80.66, a PEG ratio of 1.73 and a beta of 1.25. AGCO Corporation has a one year low of $73.79 and a one year high of $121.16. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.67 and a current ratio of 1.48. The firm has a 50-day moving average of $107.95 and a two-hundred day moving average of $106.43.

AGCO (NYSE:AGCO) last announced its earnings results on Friday, October 31st. The industrial products company reported $1.35 EPS for the quarter, beating analysts’ consensus estimates of $1.26 by $0.09. The business had revenue of $2.48 billion during the quarter, compared to analysts’ expectations of $2.48 billion. AGCO had a net margin of 0.98% and a return on equity of 8.27%. The firm’s revenue was down 4.7% on a year-over-year basis. During the same period in the prior year, the company earned $0.68 earnings per share. AGCO has set its FY 2025 guidance at 5.000-5.000 EPS. On average, equities analysts forecast that AGCO Corporation will post 4.2 EPS for the current fiscal year.

AGCO Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Investors of record on Friday, November 14th will be given a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 1.1%. The ex-dividend date is Friday, November 14th. AGCO’s payout ratio is currently 23.06%.

Analyst Ratings Changes

AGCO has been the subject of a number of recent research reports. Zacks Research cut shares of AGCO from a “strong-buy” rating to a “hold” rating in a research note on Friday, September 19th. Barclays raised their price objective on AGCO from $110.00 to $116.00 and gave the company an “equal weight” rating in a research note on Monday, October 20th. Oppenheimer restated an “outperform” rating and issued a $123.00 price target on shares of AGCO in a research report on Monday, November 3rd. JPMorgan Chase & Co. increased their target price on shares of AGCO from $135.00 to $136.00 and gave the company an “overweight” rating in a research note on Tuesday, October 14th. Finally, Citigroup decreased their price target on AGCO from $120.00 to $115.00 and set a “neutral” rating for the company in a research note on Monday, November 3rd. Three analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, AGCO currently has an average rating of “Hold” and a consensus price target of $113.67.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Envestnet Asset Management Inc. grew its stake in shares of AGCO by 9.0% during the first quarter. Envestnet Asset Management Inc. now owns 99,951 shares of the industrial products company’s stock worth $9,252,000 after acquiring an additional 8,293 shares during the last quarter. State of Michigan Retirement System boosted its holdings in shares of AGCO by 1.4% in the 1st quarter. State of Michigan Retirement System now owns 14,858 shares of the industrial products company’s stock valued at $1,375,000 after acquiring an additional 200 shares during the last quarter. Ballentine Partners LLC lifted its position in AGCO by 8.3% during the first quarter. Ballentine Partners LLC now owns 2,845 shares of the industrial products company’s stock valued at $263,000 after purchasing an additional 219 shares during the period. New York State Common Retirement Fund boosted its holdings in AGCO by 6.9% in the first quarter. New York State Common Retirement Fund now owns 38,632 shares of the industrial products company’s stock valued at $3,576,000 after purchasing an additional 2,500 shares during the last quarter. Finally, Louisiana State Employees Retirement System grew its position in AGCO by 1.2% during the 1st quarter. Louisiana State Employees Retirement System now owns 17,400 shares of the industrial products company’s stock worth $1,611,000 after purchasing an additional 200 shares during the period. Institutional investors own 78.80% of the company’s stock.

AGCO Company Profile

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.