Bank of Montreal Can Has $9.02 Million Holdings in AGCO Corporation $AGCO

Bank of Montreal Can lowered its holdings in AGCO Corporation (NYSE:AGCO) by 12.1% in the second quarter, HoldingsChannel.com reports. The firm owned 87,400 shares of the industrial products company’s stock after selling 12,057 shares during the quarter. Bank of Montreal Can’s holdings in AGCO were worth $9,016,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Caitong International Asset Management Co. Ltd bought a new position in shares of AGCO during the first quarter worth approximately $32,000. Geneos Wealth Management Inc. increased its stake in AGCO by 109.2% during the 1st quarter. Geneos Wealth Management Inc. now owns 364 shares of the industrial products company’s stock worth $34,000 after acquiring an additional 190 shares during the period. Quarry LP acquired a new position in AGCO in the 1st quarter valued at $37,000. Advantage Trust Co bought a new stake in shares of AGCO during the 2nd quarter valued at $52,000. Finally, Brooklyn Investment Group increased its position in shares of AGCO by 98.7% in the first quarter. Brooklyn Investment Group now owns 590 shares of the industrial products company’s stock worth $55,000 after purchasing an additional 293 shares during the period. Institutional investors and hedge funds own 78.80% of the company’s stock.

AGCO Stock Performance

NYSE AGCO opened at $105.49 on Monday. The firm’s fifty day moving average price is $107.98 and its two-hundred day moving average price is $106.11. The stock has a market cap of $7.87 billion, a PE ratio of 78.73, a PEG ratio of 1.73 and a beta of 1.25. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.67 and a current ratio of 1.48. AGCO Corporation has a fifty-two week low of $73.79 and a fifty-two week high of $121.16.

AGCO (NYSE:AGCO) last issued its quarterly earnings data on Friday, October 31st. The industrial products company reported $1.35 earnings per share for the quarter, topping analysts’ consensus estimates of $1.26 by $0.09. The business had revenue of $2.48 billion for the quarter, compared to analyst estimates of $2.48 billion. AGCO had a return on equity of 8.27% and a net margin of 0.98%.AGCO’s quarterly revenue was down 4.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.68 EPS. AGCO has set its FY 2025 guidance at 5.000-5.000 EPS. On average, equities analysts expect that AGCO Corporation will post 4.2 EPS for the current fiscal year.

AGCO Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 15th. Investors of record on Friday, November 14th will be issued a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date is Friday, November 14th. AGCO’s dividend payout ratio (DPR) is 23.06%.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on AGCO. Citigroup reduced their price objective on shares of AGCO from $120.00 to $115.00 and set a “neutral” rating on the stock in a research note on Monday, November 3rd. Truist Financial reiterated a “buy” rating and set a $123.00 price target (down previously from $142.00) on shares of AGCO in a research report on Monday, November 3rd. Zacks Research downgraded shares of AGCO from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 19th. JPMorgan Chase & Co. raised their target price on AGCO from $135.00 to $136.00 and gave the company an “overweight” rating in a report on Tuesday, October 14th. Finally, Barclays boosted their price target on AGCO from $110.00 to $116.00 and gave the stock an “equal weight” rating in a report on Monday, October 20th. Three investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, AGCO has an average rating of “Hold” and an average target price of $113.67.

About AGCO

AGCO Corporation manufactures and distributes agricultural equipment and related replacement parts worldwide. It offers horsepower tractors for row crop production, soil cultivation, planting, land leveling, seeding, and commercial hay operations; utility tractors for small- and medium-sized farms, as well as for dairy, livestock, orchards, and vineyards; and compact tractors for small farms, specialty agricultural industries, landscaping, equestrian, and residential uses.