AGCO (NYSE:AGCO) SVP Torsten Rudolf Willi Dehner Sells 12,393 Shares of Company Stock

AGCO Corporation (NYSE:AGCO) SVP Torsten Dehner sold 12,393 shares of the stock in a transaction dated Friday, November 6th. The stock was sold at an average price of $110.00, for a total value of $1,363,230.00. Following the sale, the senior vice president owned 34,589 shares of the company’s stock, valued at $3,804,790. This represents a 26.38% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Torsten Rudolf Willi Dehner also recently made the following trade(s):

• On Monday, November 9th, Torsten Dehner sold 15,000 shares of AGCO stock. The shares were sold at an average price of $112.50, for a total value of $1,687,500.00.

AGCO Stock Down 2.9%

NYSE AGCO opened at $113.13 on Wednesday. AGCO Corporation has a 12 month low of $98.22 and a 12 month high of $143.78. The company has a current ratio of 1.32, a quick ratio of 0.55 and a debt-to-equity ratio of 0.53. The stock has a market cap of $7.80 billion, a PE ratio of 29.08, a P/E/G ratio of 0.89 and a beta of 1.12. The stock’s 50 day moving average is $114.15 and its 200 day moving average is $116.30.

AGCO (NYSE:AGCO) last announced its quarterly earnings data on Thursday, October 29th. The industrial products company reported $1.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.87 by $0.18. AGCO had a net margin of 2.76% and a return on equity of 9.66%. The business had revenue of $2.26 billion during the quarter, compared to analyst estimates of $2.32 billion. During the same period last year, the firm posted $1.35 EPS. The company’s revenue was down 8.6% on a year-over-year basis. Research analysts predict that AGCO Corporation will post 5.49 EPS for the current fiscal year.

AGCO Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 15th. Stockholders of record on Monday, November 16th will be issued a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend is Monday, November 16th. AGCO’s payout ratio is 30.85%.

Institutional Trading of AGCO

Large investors have recently added to or reduced their stakes in the company. BlackRock Inc. purchased a new stake in shares of AGCO during the 2nd quarter worth approximately $701,908,000. Bank of New York Mellon Corp bought a new position in shares of AGCO during the 2nd quarter valued at approximately $64,273,000. Bank of America Corp DE boosted its position in shares of AGCO by 19.4% during the 1st quarter. Bank of America Corp DE now owns 543,955 shares of the industrial products company’s stock valued at $63,028,000 after acquiring an additional 88,571 shares during the last quarter. Quantinno Capital Management LP boosted its position in shares of AGCO by 15.1% during the 1st quarter. Quantinno Capital Management LP now owns 492,234 shares of the industrial products company’s stock valued at $57,035,000 after acquiring an additional 64,453 shares during the last quarter. Finally, Russell Investments Group Ltd. grew its holdings in shares of AGCO by 13.2% in the third quarter. Russell Investments Group Ltd. now owns 318,400 shares of the industrial products company’s stock valued at $36,375,000 after purchasing an additional 37,236 shares in the last quarter. Institutional investors own 78.80% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on AGCO. Morgan Stanley raised their target price on shares of AGCO from $99.00 to $113.00 and gave the company an “underweight” rating in a research note on Wednesday, November 4th. Wells Fargo & Company reduced their price target on shares of AGCO from $132.00 to $117.00 and set an “equal weight” rating on the stock in a report on Friday, July 31st. JPMorgan Chase & Co. boosted their price target on shares of AGCO from $140.00 to $145.00 and gave the stock an “overweight” rating in a research note on Friday, October 30th. Truist Financial reissued a “buy” rating and set a $136.00 price objective (down from $146.00) on shares of AGCO in a report on Monday, November 2nd. Finally, DA Davidson restated a “buy” rating and set a $151.00 price objective on shares of AGCO in a research report on Thursday, October 8th. Five 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. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $123.67.

AGCO Company Profile

AGCO Corporation designs, manufactures and distributes agricultural equipment and technology for farmers around the world. Its products include tractors, combines, hay and forage equipment, sprayers, seeding and tillage equipment, grain storage systems, and precision agriculture solutions. The company’s brands include Fendt, Massey Ferguson, Valtra, and PTx, its precision agriculture business. AGCO was formed in 1990 and is headquartered in Duluth, Georgia. AGCO serves agricultural markets globally through a network of dealers and other distribution partners.