Insider Selling: AGCO (NYSE:AGCO) SVP Sells 1,000 Shares

AGCO Corporation (NYSE:AGCO) SVP Kelvin Bennett sold 1,000 shares of the stock in a transaction that occurred on Friday, September 4th. The shares were sold at an average price of $132.89, for a total transaction of $132,890.00. Following the sale, the senior vice president directly owned 14,047 shares of the company’s stock, valued at approximately $1,866,705.83. This trade represents a 6.65% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

AGCO Price Performance

Shares of AGCO stock traded down $5.92 during mid-day trading on Tuesday, hitting $127.48. The company had a trading volume of 992,079 shares, compared to its average volume of 822,000. The company has a market capitalization of $8.93 billion, a P/E ratio of 17.63, a P/E/G ratio of 1.11 and a beta of 1.10. The stock’s 50 day moving average price is $112.36 and its 200-day moving average price is $116.43. AGCO Corporation has a 52-week low of $98.22 and a 52-week high of $143.78. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.32 and a quick ratio of 0.58.

AGCO (NYSE:AGCO) last released 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). AGCO had a net margin of 5.15% and a return on equity of 10.09%. The company had revenue of $2.61 billion for the quarter, compared to the consensus estimate of $2.75 billion. During the same period last year, the company earned $1.35 EPS. The firm’s revenue for the quarter was down 1.0% on a year-over-year basis. AGCO has set its FY 2026 guidance at 5.500-5.750 EPS. Equities research analysts forecast that AGCO Corporation will post 5.54 earnings per share for the current year.

AGCO Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Friday, August 14th will be issued a $0.30 dividend. The ex-dividend date of this dividend is Friday, August 14th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.9%. AGCO’s dividend payout ratio (DPR) is 16.60%.

Institutional Trading of AGCO

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. California State Teachers Retirement System boosted its position in shares of AGCO by 11,209.3% during the second quarter. California State Teachers Retirement System now owns 8,316,277 shares of the industrial products company’s stock valued at $995,458,000 after buying an additional 8,242,742 shares during the period. BlackRock Inc. purchased a new stake in shares of AGCO in the second quarter worth approximately $701,908,000. Dimensional Fund Advisors LP boosted its holdings in AGCO by 2.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 3,535,740 shares of the industrial products company’s stock valued at $368,849,000 after acquiring an additional 73,880 shares during the period. Capital World Investors boosted its holdings in AGCO by 309.0% during the 4th quarter. Capital World Investors now owns 2,403,349 shares of the industrial products company’s stock valued at $250,717,000 after acquiring an additional 1,815,741 shares during the period. Finally, Invesco Ltd. grew its position in AGCO by 15.1% in the 4th quarter. Invesco Ltd. now owns 2,401,288 shares of the industrial products company’s stock valued at $250,502,000 after acquiring an additional 314,355 shares during the last quarter. 78.80% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have commented on the stock. Oppenheimer lowered 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. DA Davidson set a $151.00 price target on shares of AGCO in a report on Friday, July 31st. Wall Street Zen lowered AGCO from a “buy” rating to a “hold” rating in a research report on Saturday, August 1st. Wells Fargo & Company lowered their price objective 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. Finally, JPMorgan Chase & Co. cut their target price on AGCO from $143.00 to $130.00 and set an “overweight” rating on the stock in a research report on Monday, July 13th. Five investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $122.17.

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.