Lange Bob De Acquires 1,000 Shares of AGCO (NYSE:AGCO) Stock

AGCO Corporation (NYSE:AGCO) Director Lange Bob De purchased 1,000 shares of the stock in a transaction on Friday, August 14th. The stock was acquired at an average cost of $100.71 per share, with a total value of $100,710.00. Following the completion of the purchase, the director directly owned 18,717 shares of the company’s stock, valued at $1,884,989.07. The trade was a 5.64% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available through this link.

AGCO Trading Down 1.0%

Shares of AGCO opened at $98.71 on Wednesday. The stock has a market capitalization of $6.91 billion, a P/E ratio of 13.65, a PEG ratio of 0.84 and a beta of 1.08. The firm has a fifty day simple moving average of $111.69 and a two-hundred day simple moving average of $117.67. The company has a quick ratio of 0.58, a current ratio of 1.32 and a debt-to-equity ratio of 0.53. AGCO Corporation has a twelve month low of $98.33 and a twelve month high of $143.78.

AGCO (NYSE:AGCO) last posted its earnings results on Thursday, July 30th. The industrial products company reported $1.43 earnings per share for the quarter, missing analysts’ consensus estimates of $1.46 by ($0.03). AGCO had a return on equity of 10.09% and a net margin of 5.15%.The firm had revenue of $2.61 billion for the quarter, compared to analysts’ expectations of $2.75 billion. During the same quarter in the prior year, the company posted $1.35 earnings per share. The business’s revenue for the quarter was down 1.0% on a year-over-year basis. AGCO has set its FY 2026 guidance at 5.500-5.750 EPS. On average, research analysts anticipate that AGCO Corporation will post 5.58 EPS for the current year.

AGCO Announces Dividend

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

Hedge Funds Weigh In On AGCO

A number of hedge funds and other institutional investors have recently modified their holdings of AGCO. The Manufacturers Life Insurance Company boosted its stake in AGCO by 27.0% in the 1st quarter. The Manufacturers Life Insurance Company now owns 126,234 shares of the industrial products company’s stock worth $14,626,000 after purchasing an additional 26,862 shares in the last quarter. Bank of America Corp DE boosted its holdings in AGCO by 19.4% in the first quarter. Bank of America Corp DE now owns 543,955 shares of the industrial products company’s stock valued at $63,028,000 after purchasing an additional 88,571 shares during the last quarter. Entropy Technologies LP purchased a new stake in shares of AGCO in the first quarter worth about $1,469,000. Weiss Asset Management LP acquired a new stake in shares of AGCO during the 1st quarter worth approximately $1,659,000. Finally, Davis Selected Advisers grew its position in AGCO by 13.0% during the fourth quarter. Davis Selected Advisers now owns 2,048,835 shares of the industrial products company’s stock valued at $213,736,000 after buying an additional 235,913 shares during the period. 78.80% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. Sanford C. Bernstein restated a “market perform” rating and issued a $108.00 price objective on shares of AGCO in a report on Friday, July 31st. DA Davidson set a $151.00 price objective on AGCO in a research note on Friday, July 31st. Morgan Stanley decreased their target price on AGCO from $110.00 to $99.00 and set an “underweight” rating on the stock in a research report on Tuesday, August 4th. JPMorgan Chase & Co. decreased their price objective on AGCO from $143.00 to $130.00 and set an “overweight” rating on the stock in a research report on Monday, July 13th. Finally, Weiss Ratings cut shares of AGCO from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday, July 31st. Four equities 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 company’s stock. Based on data from MarketBeat.com, AGCO presently has an average rating of “Hold” and a consensus target price of $120.33.

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.