AGCO (NYSE:AGCO) SVP Torsten Rudolf Willi Dehner Sells 12,393 Shares of Company Stock

AGCO Corporation (NYSE:AGCO) SVP Torsten Dehner sold 12,393 shares of the firm’s stock in a transaction that occurred 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 sale, the senior vice president directly owned 34,589 shares in the company, valued at $3,804,790. The trade was a 26.38% decrease in their position. The sale was disclosed in a document filed 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 Up 5.6%

AGCO stock opened at $116.60 on Tuesday. The firm has a market cap of $8.04 billion, a PE ratio of 29.98, a P/E/G ratio of 0.86 and a beta of 1.12. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.55 and a current ratio of 1.32. The firm’s fifty day moving average is $114.26 and its 200 day moving average is $116.30. AGCO Corporation has a one year low of $98.22 and a one year high of $143.78.

AGCO (NYSE:AGCO) last released its quarterly earnings data on Thursday, October 29th. The industrial products company reported $1.05 earnings per share for the quarter, beating analysts’ consensus estimates of $0.87 by $0.18. The company had revenue of $2.26 billion during the quarter, compared to analysts’ expectations 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% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.35 earnings per share. On average, research analysts forecast that AGCO Corporation will post 5.49 EPS for the current year.

AGCO Dividend Announcement

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

Institutional Investors Weigh In On AGCO

A number of hedge funds have recently modified their holdings of the business. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in AGCO during the second quarter worth about $1,239,000. The Manufacturers Life Insurance Company grew its stake in AGCO by 27.0% during the 1st quarter. The Manufacturers Life Insurance Company now owns 126,234 shares of the industrial products company’s stock valued at $14,626,000 after acquiring an additional 26,862 shares in the last quarter. Public Employees Retirement System of Ohio acquired a new stake in AGCO in the 2nd quarter valued at about $2,216,000. Corient Private Wealth LP raised its holdings in AGCO by 21.5% in the 2nd quarter. Corient Private Wealth LP now owns 99,102 shares of the industrial products company’s stock valued at $11,863,000 after acquiring an additional 17,562 shares during the last quarter. Finally, Bank of America Corp DE raised its holdings 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 acquiring an additional 88,571 shares during the last quarter. 78.80% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

AGCO has been the topic of a number of recent analyst reports. DA Davidson reiterated a “buy” rating and set a $151.00 price target on shares of AGCO in a research report on Thursday, October 8th. Morgan Stanley upped their target price on AGCO from $99.00 to $113.00 and gave the stock an “underweight” rating in a research note on Wednesday, November 4th. Wall Street Zen lowered AGCO from a “buy” rating to a “hold” rating in a research report on Saturday, August 1st. Wells Fargo & Company dropped their price target on shares of AGCO from $132.00 to $117.00 and set an “equal weight” rating on the stock in a research note on Friday, July 31st. Finally, Zacks Research raised shares of AGCO from a “strong sell” rating to a “hold” rating in a report on Monday, October 5th. Five research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $123.67.

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.