Insider Selling: AGCO (NYSE:AGCO) Major Shareholder Sells 492,418 Shares

AGCO Corporation (NYSE:AGCO) major shareholder & Farm Equipment Ltd Tractors sold 492,418 shares of the stock in a transaction dated Wednesday, August 5th. The stock was sold at an average price of $115.33, for a total value of $56,790,567.94. Following the transaction, the insider directly owned 3,017,565 shares in the company, valued at approximately $348,015,771.45. The trade was a 14.03% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Major shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

AGCO Trading Up 1.2%

NYSE:AGCO traded up $1.22 on Friday, reaching $102.85. 725,145 shares of the company’s stock were exchanged, compared to its average volume of 774,329. The company has a quick ratio of 0.58, a current ratio of 1.32 and a debt-to-equity ratio of 0.53. The firm has a market capitalization of $7.20 billion, a price-to-earnings ratio of 14.23, a price-to-earnings-growth ratio of 0.85 and a beta of 1.08. The business has a fifty day moving average of $114.14 and a 200-day moving average of $118.36. AGCO Corporation has a 52-week low of $99.21 and a 52-week high of $143.78.

AGCO (NYSE:AGCO) last issued its quarterly earnings results on Thursday, July 30th. The industrial products company reported $1.43 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.46 by ($0.03). AGCO had a return on equity of 10.09% and a net margin of 5.15%.The business had revenue of $2.61 billion for the quarter, compared to analyst estimates of $2.75 billion. During the same period in the prior year, the company posted $1.35 EPS. The firm’s revenue for the quarter was down 1.0% compared to the same quarter last year. AGCO has set its FY 2026 guidance at 5.500-5.750 EPS. As a group, analysts expect that AGCO Corporation will post 5.61 earnings per share for the current year.

AGCO Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Friday, August 14th will be given a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend is Friday, August 14th. AGCO’s dividend payout ratio (DPR) is currently 16.60%.

Analyst Ratings Changes

A number of research firms have recently weighed in on AGCO. Citigroup cut their price objective on AGCO from $125.00 to $115.00 and set a “neutral” rating on the stock in a research report on Monday. Morgan Stanley lowered their target price on AGCO from $110.00 to $99.00 and set an “underweight” rating for the company in a research note on Tuesday. Weiss Ratings downgraded AGCO from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday, July 31st. Oppenheimer reduced their price target on AGCO from $134.00 to $127.00 and set an “outperform” rating on the stock in a research report on Friday, July 31st. Finally, UBS Group decreased their price objective on AGCO from $123.00 to $114.00 and set a “neutral” rating for the company in a research note on Tuesday. Four research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $120.33.

Institutional Trading of AGCO

A number of institutional investors have recently bought and sold shares of AGCO. BlackRock Inc. acquired a new position in shares of AGCO during the 2nd quarter worth about $701,908,000. Dimensional Fund Advisors LP raised its position 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 acquiring an additional 73,880 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its stake 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 worth $306,608,000 after purchasing an additional 98,988 shares during the last quarter. Capital World Investors lifted its stake in AGCO by 309.0% during the fourth quarter. Capital World Investors now owns 2,403,349 shares of the industrial products company’s stock worth $250,717,000 after purchasing an additional 1,815,741 shares during the last quarter. Finally, Invesco Ltd. boosted its holdings in AGCO by 15.1% in the fourth quarter. Invesco Ltd. now owns 2,401,288 shares of the industrial products company’s stock valued at $250,502,000 after purchasing an additional 314,355 shares in the last quarter. 78.80% of the stock is owned by hedge funds and other institutional investors.

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.