Key Points
- SVP Kelvin Eugene Bennett sold 2,300 shares of AGCO at an average price of $137.04 for $315,192, reducing his stake by 12.01% to 16,844 shares (about $2.31M).
- AGCO beat expectations with quarterly EPS of $2.17 vs. $1.85 expected and revenue of $2.92B vs. $2.67B, and set FY2026 guidance of 5.500–6.000 EPS.
- The company announced a quarterly dividend of $0.29 per share (annualized $1.16, yield 0.8%), with an ex-dividend date of Feb 13 and payment on Mar 16.
AGCO Corporation (NYSE:AGCO - Get Free Report) SVP Kelvin Eugene Bennett sold 2,300 shares of AGCO stock in a transaction on Tuesday, February 17th. The shares were sold at an average price of $137.04, for a total value of $315,192.00. Following the completion of the sale, the senior vice president directly owned 16,844 shares of the company's stock, valued at approximately $2,308,301.76. This represents a 12.01% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
AGCO Stock Down 0.3%
Shares of NYSE:AGCO opened at $138.07 on Thursday. The company has a current ratio of 1.39, a quick ratio of 0.67 and a debt-to-equity ratio of 0.54. The firm has a market cap of $10.00 billion, a price-to-earnings ratio of 14.16, a PEG ratio of 0.98 and a beta of 1.19. The stock's 50-day moving average price is $115.14 and its two-hundred day moving average price is $110.72. AGCO Corporation has a 12-month low of $73.79 and a 12-month high of $143.78.
AGCO (NYSE:AGCO - Get Free Report) last released its earnings results on Thursday, February 5th. The industrial products company reported $2.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.85 by $0.32. AGCO had a net margin of 7.21% and a return on equity of 9.39%. The business had revenue of $2.92 billion for the quarter, compared to analysts' expectations of $2.67 billion. During the same period last year, the company earned $1.97 earnings per share. The company's quarterly revenue was up 1.1% on a year-over-year basis. AGCO has set its FY 2026 guidance at 5.500-6.000 EPS. On average, research analysts forecast that AGCO Corporation will post 4.2 EPS for the current year.
AGCO Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 16th. Stockholders of record on Friday, February 13th will be issued a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date is Friday, February 13th. AGCO's dividend payout ratio is presently 11.90%.
Analyst Upgrades and Downgrades
Several brokerages have commented on AGCO. Barclays upped their price target on AGCO from $93.00 to $105.00 and gave the stock an "underweight" rating in a research note on Friday, February 6th. Truist Financial increased their target price on shares of AGCO from $134.00 to $152.00 and gave the stock a "buy" rating in a research report on Monday, February 9th. Wells Fargo & Company set a $132.00 price target on shares of AGCO in a research report on Monday, February 9th. Oppenheimer boosted their price objective on AGCO from $128.00 to $132.00 and gave the stock an "outperform" rating in a research note on Friday, February 6th. Finally, Citigroup increased their target price on AGCO from $120.00 to $130.00 and gave the company a "neutral" rating in a research note on Monday, February 9th. Three analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have issued a Sell rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $122.73.
Get Our Latest Report on AGCO
Institutional Investors Weigh In On AGCO
Hedge funds have recently bought and sold shares of the business. Cullen Frost Bankers Inc. raised its position in shares of AGCO by 1,721.4% in the 3rd quarter. Cullen Frost Bankers Inc. now owns 255 shares of the industrial products company's stock valued at $27,000 after purchasing an additional 241 shares in the last quarter. Pinnacle Bancorp Inc. bought a new stake in shares of AGCO in the third quarter worth $29,000. EverSource Wealth Advisors LLC increased its stake in shares of AGCO by 951.9% in the second quarter. EverSource Wealth Advisors LLC now owns 284 shares of the industrial products company's stock worth $29,000 after buying an additional 257 shares during the last quarter. SJS Investment Consulting Inc. raised its holdings in AGCO by 3,725.0% in the third quarter. SJS Investment Consulting Inc. now owns 306 shares of the industrial products company's stock valued at $33,000 after acquiring an additional 298 shares in the last quarter. Finally, Advisory Services Network LLC bought a new position in AGCO during the 3rd quarter valued at $33,000. Institutional investors and hedge funds own 78.80% of the company's stock.
About AGCO
(
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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.
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