AGCO (NYSE:AGCO) SVP Torsten Rudolf Willi Dehner Sells 15,000 Shares of Stock

AGCO Corporation (NYSE:AGCO) SVP Torsten Dehner sold 15,000 shares of the firm’s stock in a transaction dated Monday, November 9th. The stock was sold at an average price of $112.50, for a total transaction of $1,687,500.00. Following the transaction, the senior vice president directly owned 19,589 shares in the company, valued at approximately $2,203,762.50. This represents a 43.37% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

Torsten Rudolf Willi Dehner also recently made the following trade(s):

• On Friday, November 6th, Torsten Dehner sold 12,393 shares of AGCO stock. The stock was sold at an average price of $110.00, for a total transaction of $1,363,230.00.

AGCO Stock Performance

NYSE AGCO opened at $116.60 on Tuesday. The firm has a 50-day moving average price of $114.26 and a two-hundred day moving average price of $116.30. AGCO Corporation has a 12-month low of $98.22 and a 12-month high of $143.78. The company has a market capitalization of $8.04 billion, a P/E ratio of 29.98, a P/E/G ratio of 0.86 and a beta of 1.12. The company has a quick ratio of 0.55, a current ratio of 1.32 and a debt-to-equity ratio of 0.53.

AGCO (NYSE:AGCO) last announced its earnings results on Thursday, October 29th. The industrial products company reported $1.05 EPS for the quarter, topping the consensus estimate of $0.87 by $0.18. AGCO had a net margin of 2.76% and a return on equity of 9.66%. The company had revenue of $2.26 billion for the quarter, compared to analysts’ expectations of $2.32 billion. During the same period last year, the firm earned $1.35 earnings per share. The business’s revenue for the quarter was down 8.6% on a year-over-year basis. Analysts anticipate that AGCO Corporation will post 5.49 earnings per share for the current year.

AGCO Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 15th. Shareholders of record on Monday, November 16th will be issued a $0.30 dividend. The ex-dividend date of this dividend is Monday, November 16th. This represents a $1.20 annualized dividend and a yield of 1.0%. AGCO’s payout ratio is currently 30.85%.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the company. JPMorgan Chase & Co. upped their target price on AGCO from $140.00 to $145.00 and gave the company an “overweight” rating in a research report on Friday, October 30th. DA Davidson reaffirmed a “buy” rating and issued a $151.00 price target on shares of AGCO in a research note on Thursday, October 8th. Weiss Ratings cut shares of AGCO from a “hold (c+)” rating to a “hold (c-)” rating in a research report on Friday, October 30th. Barclays cut their price objective on shares of AGCO from $105.00 to $97.00 and set an “underweight” rating for the company in a research report on Monday, October 19th. Finally, Zacks Research upgraded shares of AGCO from a “strong sell” rating to a “hold” rating in a research note on Monday, October 5th. Five investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, AGCO currently has an average rating of “Hold” and a consensus price target of $123.67.

Institutional Investors Weigh In On AGCO

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. BlackRock Inc. bought a new position in shares of AGCO in the 2nd quarter valued at $701,908,000. Bank of New York Mellon Corp bought a new stake in shares of AGCO during the 2nd quarter worth $64,273,000. Bank of America Corp DE bought a new stake in shares of AGCO during the 2nd quarter worth $62,281,000. Arrowstreet Capital Limited Partnership acquired a new stake in AGCO in the first quarter valued at about $19,577,000. Finally, Deutsche Bank AG acquired a new stake in AGCO in the second quarter valued at about $17,653,000. 78.80% of the stock is currently owned by institutional investors.

AGCO Company Profile

AGCO Corporation designs, manufactures and distributes agricultural equipment and technology for farmers around the world. Its products include tractors, combines, hay and forage equipment, sprayers, seeding and tillage equipment, grain storage systems, and precision agriculture solutions.

The company’s brands include Fendt, Massey Ferguson, Valtra, and PTx, its precision agriculture business. AGCO was formed in 1990 and is headquartered in Duluth, Georgia.

AGCO serves agricultural markets globally through a network of dealers and other distribution partners.