Evelyn Partners Investment Management Services Ltd Buys New Holdings in AGCO Corporation $AGCO

Evelyn Partners Investment Management Services Ltd purchased a new position in AGCO Corporation (NYSE:AGCO) during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 595 shares of the industrial products company’s stock, valued at approximately $61,000.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Caitong International Asset Management Co. Ltd purchased a new stake in shares of AGCO in the 1st quarter valued at $32,000. Geneos Wealth Management Inc. lifted its position in 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 purchasing an additional 190 shares during the period. Quarry LP purchased a new stake in AGCO in the first quarter valued at $37,000. Atlantic Union Bankshares Corp acquired a new stake in AGCO during the 2nd quarter worth about $44,000. Finally, Advantage Trust Co acquired a new stake in AGCO during the 2nd quarter worth about $52,000. 78.80% of the stock is currently owned by institutional investors and hedge funds.

AGCO Price Performance

AGCO stock opened at $106.03 on Friday. The stock has a market capitalization of $7.91 billion, a P/E ratio of 79.13, a P/E/G ratio of 1.73 and a beta of 1.25. The company’s fifty day moving average price is $107.13 and its 200 day moving average price is $107.05. 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 1 year low of $73.79 and a 1 year high of $121.16.

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

AGCO Announces Dividend

The company 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 annualized dividend and a yield of 1.1%. The ex-dividend date is Friday, November 14th. AGCO’s payout ratio is presently 23.06%.

Insider Buying and Selling

In other news, SVP Kelvin Eugene Bennett sold 250 shares of the firm’s stock in a transaction that occurred on Monday, November 10th. The stock was sold at an average price of $104.28, for a total value of $26,070.00. Following the transaction, the senior vice president owned 17,130 shares in the company, valued at $1,786,316.40. This trade represents a 1.44% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 16.60% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. UBS Group reissued a “neutral” rating and issued a $119.00 price objective (up previously from $100.00) on shares of AGCO in a report on Friday, August 8th. Wall Street Zen raised AGCO from a “hold” rating to a “buy” rating in a report on Saturday, August 2nd. Zacks Research lowered AGCO from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 19th. Oppenheimer reaffirmed an “outperform” rating and set a $123.00 target price on shares of AGCO in a report on Monday, November 3rd. Finally, JPMorgan Chase & Co. boosted their target price on shares of AGCO from $135.00 to $136.00 and gave the company an “overweight” rating in a research note on Tuesday, October 14th. Three investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, AGCO currently has an average rating of “Hold” and an average price target of $113.70.

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.