AGCO (NYSE:AGCO) Director Lange Bob De Purchases 1,000 Shares

AGCO Corporation (NYSE:AGCO) Director Lange Bob De bought 1,000 shares of the company’s stock in a transaction that occurred on Friday, August 14th. The stock was purchased at an average price of $100.71 per share, for a total transaction of $100,710.00. Following the acquisition, the director owned 18,717 shares of the company’s stock, valued at $1,884,989.07. This trade represents a 5.64% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

AGCO Stock Performance

Shares of AGCO opened at $99.99 on Tuesday. The company has a current ratio of 1.32, a quick ratio of 0.58 and a debt-to-equity ratio of 0.53. The firm’s fifty day simple moving average is $111.98 and its two-hundred day simple moving average is $117.77. AGCO Corporation has a 12 month low of $98.70 and a 12 month high of $143.78. The stock has a market capitalization of $7.00 billion, a P/E ratio of 13.83, a price-to-earnings-growth ratio of 0.84 and a beta of 1.08.

AGCO (NYSE:AGCO) last posted its quarterly earnings data on Thursday, July 30th. The industrial products company reported $1.43 earnings per share for the quarter, missing the consensus estimate of $1.46 by ($0.03). The business had revenue of $2.61 billion during the quarter, compared to the consensus estimate of $2.75 billion. AGCO had a return on equity of 10.09% and a net margin of 5.15%.The business’s revenue was down 1.0% on a year-over-year basis. During the same period last year, the business posted $1.35 earnings per share. AGCO has set its FY 2026 guidance at 5.500-5.750 EPS. As a group, analysts predict that AGCO Corporation will post 5.58 EPS for the current year.

AGCO Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Friday, August 14th will be issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date is Friday, August 14th. AGCO’s payout ratio is presently 16.60%.

Wall Street Analyst Weigh In

Several analysts have recently commented on AGCO shares. Oppenheimer reduced their price objective on shares of AGCO from $134.00 to $127.00 and set an “outperform” rating for the company in a research report on Friday, July 31st. Citigroup dropped their target price on shares of AGCO from $125.00 to $115.00 and set a “neutral” rating on the stock in a research report on Monday, August 3rd. Wells Fargo & Company cut their target price 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. Morgan Stanley reduced their price target on shares of AGCO from $110.00 to $99.00 and set an “underweight” rating for the company in a report on Tuesday, August 4th. Finally, DA Davidson set a $151.00 price target on shares of AGCO in a research note on Friday, July 31st. Four research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $120.33.

Hedge Funds Weigh In On AGCO

A number of large investors have recently modified their holdings of AGCO. Northwestern Mutual Wealth Management Co. bought a new stake in AGCO during the 2nd quarter valued at $29,000. EverSource Wealth Advisors LLC lifted 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 valued at $29,000 after buying an additional 257 shares in the last quarter. Advisory Services Network LLC bought a new position in shares of AGCO in the third quarter valued at $33,000. Geneos Wealth Management Inc. grew its holdings in shares of AGCO by 109.2% during the first quarter. Geneos Wealth Management Inc. now owns 364 shares of the industrial products company’s stock valued at $34,000 after buying an additional 190 shares during the last quarter. Finally, Torren Management LLC acquired a new position in shares of AGCO during the fourth quarter valued at about $35,000. 78.80% of the stock is currently owned by institutional investors.

AGCO Company Profile

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.