Oak Thistle LLC Invests $867,000 in AGCO Corporation $AGCO

Oak Thistle LLC purchased a new stake in AGCO Corporation (NYSE:AGCO) during the 3rd quarter, HoldingsChannel reports. The fund purchased 8,097 shares of the industrial products company’s stock, valued at approximately $867,000.

A number of other large investors have also recently bought and sold shares of the stock. GAMMA Investing LLC raised its stake in AGCO by 8.7% during the third quarter. GAMMA Investing LLC now owns 1,818 shares of the industrial products company’s stock worth $195,000 after acquiring an additional 146 shares in the last quarter. Texas Permanent School Fund Corp increased its position in shares of AGCO by 21.9% during the 2nd quarter. Texas Permanent School Fund Corp now owns 57,911 shares of the industrial products company’s stock worth $5,974,000 after purchasing an additional 10,395 shares in the last quarter. Neuberger Berman Group LLC lifted its holdings in AGCO by 52.7% during the 2nd quarter. Neuberger Berman Group LLC now owns 10,086 shares of the industrial products company’s stock valued at $1,040,000 after purchasing an additional 3,483 shares during the last quarter. State of Wyoming acquired a new position in AGCO in the second quarter valued at about $447,000. Finally, FORA Capital LLC bought a new stake in AGCO during the second quarter worth about $397,000. 78.80% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the stock. JPMorgan Chase & Co. lifted 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. Barclays lifted their price objective on AGCO from $110.00 to $116.00 and gave the company an “equal weight” rating in a research report on Monday, October 20th. Oppenheimer boosted their price objective on AGCO from $123.00 to $128.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 3rd. Truist Financial restated a “buy” rating and issued a $123.00 target price (down from $142.00) on shares of AGCO in a research note on Monday, November 3rd. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of AGCO in a report on Monday. Three equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, AGCO presently has an average rating of “Hold” and an average target price of $114.20.

AGCO Trading Up 0.4%

AGCO stock opened at $106.83 on Friday. The company has a quick ratio of 0.73, a current ratio of 1.58 and a debt-to-equity ratio of 0.61. AGCO Corporation has a twelve month low of $73.79 and a twelve month high of $121.16. The company has a market cap of $7.97 billion, a P/E ratio of 21.24, a PEG ratio of 1.70 and a beta of 1.18. The business has a fifty day moving average of $106.27 and a 200-day moving average of $107.57.

AGCO (NYSE:AGCO) last issued its earnings results 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. The company had revenue of $2.48 billion for the quarter, compared to analyst estimates of $2.48 billion. AGCO had a net margin of 3.73% and a return on equity of 9.36%. The company’s revenue for the quarter was down 4.7% on a year-over-year basis. During the same quarter last year, the firm earned $0.68 EPS. AGCO has set its FY 2025 guidance at 5.000-5.000 EPS. As a group, equities research analysts expect that AGCO Corporation will post 4.2 EPS for the current year.

AGCO Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 15th. Investors of record on Friday, November 14th were 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 was Friday, November 14th. AGCO’s dividend payout ratio is currently 23.06%.

Insiders Place Their Bets

In other AGCO news, SVP Kelvin Eugene Bennett sold 250 shares of the firm’s stock in a transaction dated Monday, November 10th. The stock was sold at an average price of $104.28, for a total transaction of $26,070.00. Following the transaction, the senior vice president owned 17,130 shares in the company, valued at approximately $1,786,316.40. This trade represents a 1.44% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 16.60% of the company’s stock.

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.