AGCO (NYSE:AGCO) Stock: Insider Torsten Rudolf Willi Dehner Sells 15,000 Shares

AGCO Corporation (NYSE:AGCO) SVP Torsten Dehner sold 15,000 shares of the company’s stock in a transaction that occurred on Monday, November 9th. The shares were sold at an average price of $112.50, for a total transaction of $1,687,500.00. Following the completion of the transaction, the senior vice president owned 19,589 shares in the company, valued at approximately $2,203,762.50. This represents a 43.37% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

Torsten Rudolf Willi Dehner also recently made the following trade(s):

• On Friday, November 6th, Torsten Dehner sold 12,393 shares of AGCO stock. The shares were sold at an average price of $110.00, for a total transaction of $1,363,230.00.

AGCO Trading Up 1.6%

Shares of NYSE:AGCO opened at $114.91 on Thursday. The firm has a fifty day moving average of $114.01 and a two-hundred day moving average of $116.30. The company has a quick ratio of 0.55, a current ratio of 1.32 and a debt-to-equity ratio of 0.53. AGCO Corporation has a 12-month low of $98.22 and a 12-month high of $143.78. The firm has a market capitalization of $7.92 billion, a P/E ratio of 20.24, a price-to-earnings-growth ratio of 0.86 and a beta of 1.12.

AGCO (NYSE:AGCO) last posted its quarterly earnings results on Thursday, October 29th. The industrial products company reported $1.05 earnings per share for the quarter, topping analysts’ consensus estimates of $0.87 by $0.18. AGCO had a net margin of 2.76% and a return on equity of 9.66%. The business had revenue of $2.26 billion for the quarter, compared to the consensus estimate of $2.32 billion. During the same period in the prior year, the business posted $1.35 earnings per share. AGCO’s revenue for the quarter was down 8.6% compared to the same quarter last year. On average, equities analysts expect that AGCO Corporation will post 5.49 EPS for the current fiscal year.

AGCO Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 15th. Investors of record on Monday, November 16th will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is Monday, November 16th. This represents a $1.20 dividend on an annualized basis and a yield of 1.0%. AGCO’s dividend payout ratio (DPR) is presently 30.85%.

Institutional Investors Weigh In On AGCO

Several institutional investors and hedge funds have recently modified their holdings of AGCO. Provenance Wealth Advisors LLC bought a new stake in shares of AGCO during the 3rd quarter worth about $25,000. Reyes Financial Architecture Inc. acquired a new position in shares of AGCO during the 3rd quarter valued at about $25,000. Fortitude Family Office LLC raised its stake in shares of AGCO by 234.8% in the 3rd quarter. Fortitude Family Office LLC now owns 231 shares of the industrial products company’s stock valued at $26,000 after acquiring an additional 162 shares in the last quarter. Northwestern Mutual Wealth Management Co. bought a new position in shares of AGCO in the 2nd quarter valued at approximately $29,000. Finally, Root Financial Partners LLC bought a new position in shares of AGCO in the 3rd quarter valued at approximately $30,000. Institutional investors and hedge funds own 78.80% of the company’s stock.

Analyst Ratings Changes

Several research analysts have weighed in on AGCO shares. Wall Street Zen lowered AGCO from a “buy” rating to a “hold” rating in a research report on Saturday, August 1st. Robert W. Baird raised AGCO from a “neutral” rating to an “outperform” rating and raised their price target for the stock from $120.00 to $150.00 in a research note on Monday, August 31st. DA Davidson reiterated a “buy” rating and set a $151.00 price target on shares of AGCO in a report on Thursday, October 8th. Truist Financial reissued a “buy” rating and issued a $136.00 price target (down from $146.00) on shares of AGCO in a research note on Monday, November 2nd. Finally, UBS Group lowered their price target on AGCO from $123.00 to $114.00 and set a “neutral” rating for the company in a research note on Tuesday, August 4th. Five equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $123.67.

About AGCO

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.