Insider Selling: AGCO (NYSE:AGCO) SVP Sells 2,300 Shares of Stock

AGCO Corporation (NYSE:AGCO) SVP Kelvin Eugene Bennett sold 2,300 shares of AGCO stock in a transaction dated Tuesday, February 17th. The stock was sold at an average price of $137.04, for a total value of $315,192.00. Following the completion of the transaction, the senior vice president owned 16,844 shares of the company’s stock, valued at $2,308,301.76. This trade represents a 12.01% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

AGCO Stock Performance

NYSE:AGCO traded down $0.43 during trading hours on Wednesday, reaching $138.07. 635,135 shares of the stock were exchanged, compared to its average volume of 867,473. The stock has a market capitalization of $10.30 billion, a P/E ratio of 14.16, a P/E/G ratio of 0.99 and a beta of 1.19. The firm has a 50 day simple moving average of $114.54 and a 200-day simple moving average of $110.53. The company has a quick ratio of 0.67, a current ratio of 1.39 and a debt-to-equity ratio of 0.54. AGCO Corporation has a 52 week low of $73.79 and a 52 week high of $143.78.

AGCO (NYSE:AGCO) last posted its quarterly earnings results on Thursday, February 5th. The industrial products company reported $2.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.85 by $0.32. The business had revenue of $2.92 billion for the quarter, compared to analyst estimates of $2.67 billion. AGCO had a return on equity of 9.39% and a net margin of 7.21%.The business’s revenue was up 1.1% compared to the same quarter last year. During the same period in the prior year, the company posted $1.97 EPS. AGCO has set its FY 2026 guidance at 5.500-6.000 EPS. As a group, sell-side analysts forecast that AGCO Corporation will post 4.2 earnings per share for the current fiscal year.

AGCO Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 16th. Shareholders of record on Friday, February 13th will be issued a $0.29 dividend. The ex-dividend date of this dividend is Friday, February 13th. This represents a $1.16 dividend on an annualized basis and a yield of 0.8%. AGCO’s dividend payout ratio (DPR) is currently 11.90%.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on AGCO shares. JPMorgan Chase & Co. increased their price objective on shares of AGCO from $123.00 to $138.00 and gave the stock an “overweight” rating in a report on Friday, February 6th. Barclays lifted their target price on AGCO from $93.00 to $105.00 and gave the stock an “underweight” rating in a report on Friday, February 6th. Oppenheimer upped their target price on AGCO from $128.00 to $132.00 and gave the company an “outperform” rating in a report on Friday, February 6th. UBS Group reissued a “neutral” rating and issued a $127.00 price target on shares of AGCO in a research note on Friday, February 6th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of AGCO in a research note on Monday, December 22nd. Three equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $122.73.

Institutional Trading of AGCO

Institutional investors have recently bought and sold shares of the company. Dimensional Fund Advisors LP raised its stake in shares of AGCO by 2.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 3,535,740 shares of the industrial products company’s stock worth $368,849,000 after purchasing an additional 73,880 shares in the last quarter. Massachusetts Financial Services Co. MA raised its position in AGCO by 3.5% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 2,939,113 shares of the industrial products company’s stock valued at $306,608,000 after acquiring an additional 98,988 shares in the last quarter. Capital World Investors grew its position in AGCO by 309.0% in the fourth quarter. Capital World Investors now owns 2,403,349 shares of the industrial products company’s stock worth $250,717,000 after acquiring an additional 1,815,741 shares in the last quarter. Invesco Ltd. increased its stake in shares of AGCO by 20.6% during the 3rd quarter. Invesco Ltd. now owns 2,086,933 shares of the industrial products company’s stock worth $223,448,000 after purchasing an additional 356,560 shares during the last quarter. Finally, Davis Selected Advisers raised its holdings in shares of AGCO by 13.0% during the 4th quarter. Davis Selected Advisers now owns 2,048,835 shares of the industrial products company’s stock valued at $213,736,000 after purchasing an additional 235,913 shares in the last quarter. Institutional investors and hedge funds own 78.80% of the company’s stock.

About AGCO

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.