Key Points
- AGCO SVP Torsten Dehner sold 12,393 shares for $1.36 million at an average price of $110, reducing his holdings by 26.38% to 34,589 shares; he also sold 15,000 shares in a separate transaction.
- AGCO reported quarterly EPS of $1.05, beating estimates of $0.87, while revenue of $2.26 billion missed forecasts and fell 8.6% year over year.
- Analysts’ consensus rating is Hold, with an average price target of $123.67. The company also announced a quarterly dividend of $0.30 per share, equivalent to a 1.1% yield.
AGCO Corporation (NYSE:AGCO - Get Free Report) SVP Torsten Dehner sold 12,393 shares of AGCO stock in a transaction on Friday, November 6th. The stock was sold at an average price of $110.00, for a total transaction of $1,363,230.00. Following the completion of the transaction, the senior vice president directly owned 34,589 shares of the company's stock, valued at $3,804,790. The trade was a 26.38% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Torsten Rudolf Willi Dehner also recently made the following trade(s):
- On Monday, November 9th, Torsten Dehner sold 15,000 shares of AGCO stock. The stock was sold at an average price of $112.50, for a total transaction of $1,687,500.00.
AGCO Stock Down 2.9%
Shares of NYSE AGCO opened at $113.13 on Wednesday. The firm's 50-day moving average price is $114.15 and its 200-day moving average price is $116.30. The company has a current ratio of 1.32, a quick ratio of 0.55 and a debt-to-equity ratio of 0.53. The stock has a market capitalization of $7.80 billion, a price-to-earnings ratio of 29.08, a P/E/G ratio of 0.89 and a beta of 1.12. AGCO Corporation has a 12-month low of $98.22 and a 12-month high of $143.78.
AGCO (NYSE:AGCO - Get Free Report) last announced its quarterly earnings results on Thursday, October 29th. The industrial products company reported $1.05 EPS for the quarter, beating analysts' consensus estimates of $0.87 by $0.18. The firm had revenue of $2.26 billion during the quarter, compared to the consensus estimate of $2.32 billion. AGCO had a net margin of 2.76% and a return on equity of 9.66%. The firm's revenue for the quarter was down 8.6% compared to the same quarter last year. During the same quarter last year, the firm earned $1.35 EPS. On average, equities research analysts anticipate that AGCO Corporation will post 5.49 EPS for the current fiscal 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 given a dividend of $0.30 per share. The ex-dividend date is Monday, November 16th. This represents a $1.20 dividend on an annualized basis and a yield of 1.1%. AGCO's dividend payout ratio is 30.85%.
Analysts Set New Price Targets
Several research firms have recently issued reports on AGCO. Oppenheimer reaffirmed an "outperform" rating on shares of AGCO in a research note on Friday, October 30th. Robert W. Baird raised AGCO from a "neutral" rating to an "outperform" rating and boosted their target price for the company from $120.00 to $150.00 in a research report on Monday, August 31st. Wells Fargo & Company cut their target price on AGCO from $132.00 to $117.00 and set an "equal weight" rating on the stock in a research report on Friday, July 31st. Truist Financial restated a "buy" rating and set a $136.00 price target (down from $146.00) on shares of AGCO in a report on Monday, November 2nd. Finally, Wall Street Zen downgraded AGCO from a "buy" rating to a "hold" rating in a research report on Saturday, August 1st. Five equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have issued a Sell rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $123.67.
View Our Latest Stock Report on AGCO
Hedge Funds Weigh In On AGCO
Large investors have recently made changes to their positions in the company. BlackRock Inc. bought a new position in AGCO during the 2nd quarter valued at about $701,908,000. Bank of America Corp DE raised its position 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 worth $63,028,000 after purchasing an additional 88,571 shares during the period. Bank of New York Mellon Corp purchased a new stake in AGCO in the 2nd quarter worth about $64,273,000. Quantinno Capital Management LP raised its position in AGCO by 15.1% in the 1st quarter. Quantinno Capital Management LP now owns 492,234 shares of the industrial products company's stock worth $57,035,000 after purchasing an additional 64,453 shares during the period. Finally, Russell Investments Group Ltd. lifted its stake in AGCO by 13.2% in the third quarter. Russell Investments Group Ltd. now owns 318,400 shares of the industrial products company's stock worth $36,375,000 after purchasing an additional 37,236 shares during the last quarter. 78.80% of the stock is owned by hedge funds and other institutional investors.
AGCO Company Profile
(
Get Free Report)
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.
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