Key Points
- AGCO SVP Ivory Marie Harris sold 1,600 shares at an average price of $125.30, receiving $200,480. Following the transaction, Harris retained 14,454 shares, reducing her ownership by 9.97%.
- AGCO’s latest quarterly results fell slightly short of expectations, with EPS of $1.43 versus $1.46 expected and revenue of $2.61 billion versus $2.75 billion anticipated. Revenue declined 1% year over year, while full-year 2026 EPS guidance stands at $5.50–$5.75.
- Analysts have a consensus “Hold” rating and an average price target of $122.17, while AGCO pays a quarterly dividend of $0.30, equivalent to a 1.0% annual yield.
AGCO Corporation (NYSE:AGCO - Get Free Report) SVP Ivory Marie Harris sold 1,600 shares of the business's stock in a transaction on Tuesday, September 15th. The stock was sold at an average price of $125.30, for a total value of $200,480.00. Following the transaction, the senior vice president directly owned 14,454 shares of the company's stock, valued at $1,811,086.20. The trade was a 9.97% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.
AGCO Price Performance
AGCO stock opened at $119.80 on Thursday. The business's 50-day moving average is $113.32 and its two-hundred day moving average is $115.80. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.32 and a quick ratio of 0.58. The firm has a market capitalization of $8.39 billion, a P/E ratio of 16.57, a P/E/G ratio of 1.03 and a beta of 1.10. AGCO Corporation has a 1 year low of $98.22 and a 1 year high of $143.78.
AGCO (NYSE:AGCO - Get Free Report) last released its earnings results on Thursday, July 30th. The industrial products company reported $1.43 earnings per share for the quarter, missing analysts' consensus estimates of $1.46 by ($0.03). The firm had revenue of $2.61 billion for the quarter, compared to analysts' expectations of $2.75 billion. AGCO had a return on equity of 10.09% and a net margin of 5.15%.The firm's quarterly revenue was down 1.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.35 earnings per share. AGCO has set its FY 2026 guidance at 5.500-5.750 EPS. Analysts anticipate that AGCO Corporation will post 5.54 earnings per share for the current fiscal year.
AGCO Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 15th. Stockholders of record on Friday, August 14th were issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date was Friday, August 14th. AGCO's dividend payout ratio (DPR) is presently 16.60%.
Analysts Set New Price Targets
AGCO has been the topic of several recent analyst reports. Wall Street Zen lowered AGCO from a "buy" rating to a "hold" rating in a report on Saturday, August 1st. Morgan Stanley reduced their price objective on shares of AGCO from $110.00 to $99.00 and set an "underweight" rating for the company in a research report on Tuesday, August 4th. JPMorgan Chase & Co. dropped their price objective on AGCO from $143.00 to $130.00 and set an "overweight" rating on the stock in a report on Monday, July 13th. Oppenheimer decreased their target price on AGCO from $134.00 to $127.00 and set an "outperform" rating for the company in a research report on Friday, July 31st. Finally, Citigroup cut their price target on AGCO from $125.00 to $115.00 and set a "neutral" rating on the stock in a research report on Monday, August 3rd. Five analysts have rated the stock with a Buy rating, six have issued a Hold rating and three have given a Sell rating to the stock. According to MarketBeat.com, AGCO presently has an average rating of "Hold" and a consensus price target of $122.17.
Read Our Latest Report on AGCO
Institutional Trading of AGCO
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. acquired a new position in shares of AGCO in the second quarter valued at approximately $701,908,000. Capital World Investors lifted its holdings in shares of AGCO by 309.0% during the fourth quarter. Capital World Investors now owns 2,403,349 shares of the industrial products company's stock worth $250,717,000 after purchasing an additional 1,815,741 shares during the period. Geode Capital Management LLC grew its position in AGCO by 1.4% in the 4th quarter. Geode Capital Management LLC now owns 1,133,874 shares of the industrial products company's stock valued at $118,312,000 after buying an additional 15,459 shares during the last quarter. Norges Bank purchased a new position in AGCO in the 4th quarter valued at $78,202,000. Finally, Bank of America Corp DE increased its stake in AGCO by 19.4% in the 1st quarter. Bank of America Corp DE now owns 543,955 shares of the industrial products company's stock valued at $63,028,000 after buying an additional 88,571 shares during the period. 78.80% of the stock is owned by hedge funds and other institutional investors.
About AGCO
(
Get Free Report)
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.
Read More
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
