AGCO (NYSE:AGCO) SVP Sells $200,480.00 in Stock

Key Points

• AGCO SVP Ivory Marie Harris sold 1,600 shares for $200,480, reducing her ownership by 9.97% to 14,454 shares.
• AGCO shares fell 3.2% to $119.80. The company’s latest quarterly results missed analyst estimates, with EPS of $1.43 versus $1.46 expected and revenue of $2.61 billion versus $2.75 billion expected.
• Analyst sentiment is mixed but leans toward “Hold”, with an average price target of $122.17; AGCO also maintains a quarterly dividend of $0.30 per share, yielding about 1.0%.

AGCO Corporation (NYSE:AGCO - Get Free Report) SVP Ivory Marie Harris sold 1,600 shares of AGCO stock in a transaction on Tuesday, September 15th. The stock was sold at an average price of $125.30, for a total value of $200,480.00. Following the completion of the transaction, the senior vice president owned 14,454 shares in the company, valued at $1,811,086.20. The trade was a 9.97% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

AGCO Stock Down 3.2%

NYSE AGCO traded down $3.99 during trading on Wednesday, reaching $119.80. The company's stock had a trading volume of 862,377 shares, compared to its average volume of 826,038. The company has a current ratio of 1.32, a quick ratio of 0.58 and a debt-to-equity ratio of 0.53. The stock has a market capitalization of $8.39 billion, a PE ratio of 16.57, a PEG ratio of 1.02 and a beta of 1.10. AGCO Corporation has a 1-year low of $98.22 and a 1-year high of $143.78. The business has a 50-day moving average price of $113.20 and a 200-day moving average price of $115.90.

AGCO (NYSE:AGCO - Get Free Report) last posted its quarterly 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). The business had revenue of $2.61 billion for the quarter, compared to analyst estimates of $2.75 billion. AGCO had a return on equity of 10.09% and a net margin of 5.15%.The firm's quarterly revenue was down 1.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.35 EPS. AGCO has set its FY 2026 guidance at 5.500-5.750 EPS. On average, research analysts forecast that AGCO Corporation will post 5.54 earnings per share for the current fiscal year.

AGCO Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 15th. Investors of record on Friday, August 14th were given a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 1.0%. The ex-dividend date of this dividend was Friday, August 14th. AGCO's dividend payout ratio is 16.60%.

Wall Street Analyst Weigh In

A number of research firms have weighed in on AGCO. Wall Street Zen downgraded AGCO from a "buy" rating to a "hold" rating in a report on Saturday, August 1st. UBS Group cut their target price on AGCO from $123.00 to $114.00 and set a "neutral" rating for the company in a research report on Tuesday, August 4th. Zacks Research lowered AGCO from a "hold" rating to a "strong sell" rating in a research note on Friday, August 21st. Citigroup lowered their price target on AGCO from $125.00 to $115.00 and set a "neutral" rating on the stock in a research report on Monday, August 3rd. Finally, DA Davidson set a $151.00 price objective on AGCO in a research note on Friday, July 31st. Five equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of "Hold" and an average price target of $122.17.

Institutional Trading of AGCO

Large investors have recently added to or reduced their stakes in the company. GAMMA Investing LLC grew its position in shares of AGCO by 5.0% in the 2nd quarter. GAMMA Investing LLC now owns 1,963 shares of the industrial products company's stock valued at $235,000 after acquiring an additional 94 shares during the period. EverSource Wealth Advisors LLC raised its holdings in shares of AGCO by 36.0% in the 1st quarter. EverSource Wealth Advisors LLC now owns 521 shares of the industrial products company's stock valued at $60,000 after purchasing an additional 138 shares during the period. Cetera Investment Advisers lifted its stake in AGCO by 1.2% in the 1st quarter. Cetera Investment Advisers now owns 13,000 shares of the industrial products company's stock valued at $1,506,000 after purchasing an additional 155 shares during the last quarter. Bradley Foster & Sargent Inc. CT grew its holdings in AGCO by 4.1% during the first quarter. Bradley Foster & Sargent Inc. CT now owns 4,313 shares of the industrial products company's stock worth $500,000 after purchasing an additional 168 shares during the period. Finally, ProShare Advisors LLC grew its holdings in AGCO by 5.9% during the fourth quarter. ProShare Advisors LLC now owns 3,672 shares of the industrial products company's stock worth $383,000 after purchasing an additional 204 shares during the period. 78.80% of the stock is owned by institutional investors.

About AGCO

AGCO Corporation NYSE: AGCO is a global manufacturer and distributor of agricultural equipment and related solutions. The company serves farmers, agricultural contractors and dealers with products designed for crop production, harvesting, hay and forage operations, and farm management.

AGCO's product portfolio includes tractors, combines, application equipment, hay and forage machinery, implements, replacement parts and precision agriculture technologies. Its principal brands include Fendt, Massey Ferguson, Challenger, GSI and Valtra, while its precision agriculture offerings support activities such as guidance, data management, machine control and autonomous farming.

Founded in 1990 through the acquisition of Deutz-Allis, AGCO has expanded through additional acquisitions and brand development.

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