AGCO (NYSE:AGCO) CEO Eric Hansotia Sells 2,604 Shares

AGCO Corporation (NYSE:AGCO) CEO Eric Hansotia sold 2,604 shares of the business’s stock in a transaction dated Friday, September 4th. The shares were sold at an average price of $129.75, for a total value of $337,869.00. Following the sale, the chief executive officer directly owned 326,939 shares of the company’s stock, valued at approximately $42,420,335.25. This trade represents a 0.79% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

AGCO Stock Performance

NYSE AGCO opened at $127.48 on Wednesday. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.32 and a quick ratio of 0.58. AGCO Corporation has a 1-year low of $98.22 and a 1-year high of $143.78. The firm has a market capitalization of $8.93 billion, a P/E ratio of 17.63, a P/E/G ratio of 1.11 and a beta of 1.10. The business’s 50-day simple moving average is $112.51 and its 200-day simple moving average is $116.36.

AGCO (NYSE:AGCO) last posted its earnings results on Thursday, July 30th. The industrial products company reported $1.43 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.46 by ($0.03). The business had revenue of $2.61 billion for the quarter, compared to analyst estimates of $2.75 billion. AGCO had a return on equity of 10.09% and a net margin of 5.15%.The firm’s revenue for the quarter was down 1.0% compared to the same quarter last year. During the same period last year, the company posted $1.35 EPS. AGCO has set its FY 2026 guidance at 5.500-5.750 EPS. Equities analysts predict that AGCO Corporation will post 5.54 EPS for the current year.

AGCO Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Friday, August 14th will be issued a dividend of $0.30 per share. The ex-dividend date is Friday, August 14th. This represents a $1.20 annualized dividend and a dividend yield of 0.9%. AGCO’s payout ratio is presently 16.60%.

Institutional Investors Weigh In On AGCO

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Nykredit A S acquired a new position in AGCO in the 2nd quarter worth $281,000. Corient Private Wealth LP grew its stake in shares of AGCO by 21.5% during the second quarter. Corient Private Wealth LP now owns 99,102 shares of the industrial products company’s stock valued at $11,863,000 after acquiring an additional 17,562 shares in the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in shares of AGCO during the second quarter worth about $1,239,000. California State Teachers Retirement System increased its position in shares of AGCO by 11,209.3% during the second quarter. California State Teachers Retirement System now owns 8,316,277 shares of the industrial products company’s stock worth $995,458,000 after acquiring an additional 8,242,742 shares during the last quarter. Finally, Syon Capital LLC increased its position in shares of AGCO by 13.4% during the second quarter. Syon Capital LLC now owns 3,948 shares of the industrial products company’s stock worth $473,000 after acquiring an additional 466 shares during the last quarter. Hedge funds and other institutional investors own 78.80% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently issued reports on AGCO shares. Wells Fargo & Company lowered their price target on AGCO from $132.00 to $117.00 and set an “equal weight” rating for the company in a report on Friday, July 31st. Robert W. Baird raised AGCO from a “neutral” rating to an “outperform” rating and upped their target price for the stock from $120.00 to $150.00 in a research report on Monday, August 31st. UBS Group lowered their target price on AGCO from $123.00 to $114.00 and set a “neutral” rating for the company in a research note on Tuesday, August 4th. DA Davidson set a $151.00 target price on AGCO in a research note on Friday, July 31st. Finally, Citigroup dropped their target price on AGCO from $125.00 to $115.00 and set a “neutral” rating on the stock in a report on Monday, August 3rd. Five equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat, AGCO currently has an average rating of “Hold” and a consensus price target of $122.17.

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.