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

AGCO Corporation (NYSE:AGCO) CEO Eric Hansotia sold 2,604 shares of the firm’s stock in a transaction that occurred on Friday, September 4th. The shares were sold at an average price of $129.75, for a total transaction of $337,869.00. Following the transaction, the chief executive officer directly owned 326,939 shares of the company’s stock, valued at $42,420,335.25. This represents a 0.79% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

AGCO Stock Down 4.4%

AGCO traded down $5.92 during trading on Tuesday, hitting $127.48. 992,079 shares of the company’s stock traded hands, compared to its average volume of 822,000. AGCO Corporation has a 12-month low of $98.22 and a 12-month high of $143.78. The company’s 50 day simple moving average is $112.36 and its two-hundred day simple moving average is $116.43. The stock has a market capitalization of $8.93 billion, a price-to-earnings ratio of 17.63, a PEG ratio of 1.11 and a beta of 1.10. The company has a current ratio of 1.32, a quick ratio of 0.58 and a debt-to-equity ratio of 0.53.

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

AGCO Announces Dividend

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

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Northwestern Mutual Wealth Management Co. purchased a new stake in AGCO in the 2nd quarter worth $29,000. EverSource Wealth Advisors LLC lifted its position in shares of AGCO by 951.9% in the second quarter. EverSource Wealth Advisors LLC now owns 284 shares of the industrial products company’s stock valued at $29,000 after acquiring an additional 257 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in shares of AGCO in the second quarter worth about $35,000. Elevation Wealth Partners LLC boosted its stake in shares of AGCO by 400.0% in the second quarter. Elevation Wealth Partners LLC now owns 290 shares of the industrial products company’s stock worth $35,000 after acquiring an additional 232 shares during the period. Finally, Trust Co. of Vermont purchased a new stake in shares of AGCO during the second quarter worth about $36,000. Hedge funds and other institutional investors own 78.80% of the company’s stock.

Analysts Set New Price Targets

AGCO has been the topic of several analyst reports. Truist Financial reiterated a “buy” rating and set a $135.00 price target (down from $159.00) on shares of AGCO in a research note on Friday, July 31st. Robert W. Baird upgraded AGCO from a “neutral” rating to an “outperform” rating and upped their price objective for the stock from $120.00 to $150.00 in a research note on Monday, August 31st. JPMorgan Chase & Co. decreased their target price on AGCO from $143.00 to $130.00 and set an “overweight” rating on the stock in a report on Monday, July 13th. Weiss Ratings lowered AGCO from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday, July 31st. Finally, DA Davidson set a $151.00 price target on AGCO in a research report on Friday, July 31st. 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 stock. According to data from MarketBeat, AGCO currently has a consensus rating of “Hold” and a consensus price target of $122.17.

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.